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I think very over sold at moment, can't belive why the 300k share dump this morning.... Is something going on in the back ground that we don't know about.... Mmm... If I had the cash I would just to bring my Ave price down.... Then sell laters...
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My opinion I think there will be another cash call BUT NOT YET, But they only just raised cash I think it was in June this year around 2 million pounds and they had think it was 31st Jan 2019 about 1.7million in the bank and remember they have little income as well from operations.. I think and hope that lasted to around the 2qtr of 2020.... If I remember rightly as well they be giving the second half results in the next two weeks... After the public inquiry is done...
GL all
gg
Like your self MF2017 I am a lol... VERY LTH... May be a lot of market manipulation go on ere b4 the bounce I hope north wards.... I wish I had the funds, at these prices I think its a totaly steal... Been following CJ on twitter he's been giving upto date commentary on how the hearing is going.... I've been this far to long now.... And i be off loading when it hits my targets... Remember if this wressle happens we just break even EDR does... I profitability company.... Its never been that since I firsted started ere.... So let's c how the appeal goes...
GL to all
gg
https://drillordrop.com/2019/11/05/news-updates-day-1-wressle-inquiry/amp/?__twitter_impression=true
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Sorry the link.... Lol... It is late
https://drillordrop.com/2019/11/04/could-wressle-inquiry-be-the-first-test-for-fracking-u-turn/
Why does everybody label everything that the drillers do as fracking.... This is not fracking, I hope someone tells Ruth when she's up at the wressle appeal enquiry.... They are very different, trying to put everything under the same umbrella... This is just wrong.... These are two very different techniques.... Can c how this is going go all ready... Lol...
gg
https://www.gov.uk/government/news/government-ends-support-for-fracking
Sad day :(
Let this great country, will be at the mercy of others,hands r totally tired...
gg
https://www.dailymail.co.uk/news/article-7632797/amp/Tories-set-announce-ban-new-fracking.html?__twitter_impression=true
Not good if true.... There be some sort of ban
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Is borris going announce a fracking ban tomorrow, fracking is dead.... If the wressle gets the go ahead we be lucky if this breaks 10p...
Got to say but egdon have totally got it wrong with fracking... Its a shame.... But it is what it is...
Will wressle get go ahead.... The bad luck that Edr has had, wouldn't surprise if it gets knocked back.... Just a few days to go...
GL all
gg
Is borris going announce a fracking ban tomorrow, fracking is dead.... If the wressle gets the go ahead we be lucky if this breaks 10p...
Got to say but egdon have totally got it wrong with fracking... Its a shame.... But it is what it is...
Will wressle get go ahead.... The bad luck that Edr has had, wouldn't surprise if it gets knocked back.... Just a few days to go...
GL all
gg
That wasn't my question sorry 4 sounding rude, if for what ever reason it got knocked back, what would be the next process moving forward.... Or is it at the end of the line with all the public enquiries and and the never ending planning extensions.....would EDR go 4 damages then...
We have all been saying or most of us, this should of passed year or so ago, and may be had conditions attached so every body was kept happy... Sorry to sound down beaten, but this wouldn't surprise me if a another delay or they have to look at something else... Just so it's dragged out again...
Happy to be proven wrong....
GL all
gg
If the wressle planning doesn't get the green light and don't go through, how and what does EDR do next.... This be the second PUBLIC ENQUIRY.... And the planning runs out after its god knows how many extensions in January 2020....so what would happen next.... Hate to say it... Nothing is 100% certain ere.. (except death and taxes lol) belive me like so many LTH ere.... I hope it does get green light..... But let's HAVE some feed back if it DOESN'T go through.... Just over a week to go..
There's always this possibility...
GL ALL
gg
Once wressle up and running EDR just breaks even.... My opinion there be another placing if there good news.... Without fracking it take many yrs and it be a slow slog upwards.... GL all
gg
https://drillordrop.com/2019/10/23/government-unclear-on-fracking-costs-benefits-and-liabilities-spending-watchdog/amp/?__twitter_impression=true
Not good at all.... But I think we all pretty much new this... Shame...
gg
This drop may be about the bad news that's coming out, that fracking is pretty much finshed all but in name..... Egdon big time have backed the wrong horse in this.... Hopefully get wressle over the line, then I'm slowly out.... GL to all LTHs
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Lol... All ways been like this sparkyboy1... Hope in the next couple of weeks time the buys I hope will start out doing the sells and the sp starts creeping Northwards... Don't think it go silly cause its been knocked back so many times before... Should go through but there's anyways that chance that it get knocked back AGAIN... Nothing surprises me with this share, it's had so much bad luck in the pasted it's unbelievable.. It only go truely north when they give green light... I just hope they try and go for a bit of comboo with LCC it's been very unfair me thinks towards EDR... Just over 4weeks to go.. Not that I'm counting lol...
GL all
gg
I think the production update would of played a minimal part in the drop today... But I think more so of the push out further time line for wressle and the potential start up if we get the green light. ... Everybody is watching wressle.... Same sort of drop from ujo as well... I think it climb a little on the run up to November.... Still think there be a another placing just b4 or just after the start up... But happy to be proven wrong...
GL all
gg
As a LTH... Me thinks the the last two ish weeks run up to 5th November hearing... It may creep up a penny or so from ere.... If people get good vibes from hearing 8-9p....and 11 or 12p ish on production.... And like RT has posted in previous posts we will just break even.... Only just... I still think there be another placing once up and running but happy to be proven wrong...
GL to everybody
GG
I used to be a believer in this.... But after today at PNR.... This really isn't going happen, it never going be a great company.... At best the wessele get the go a head... And thats still all hangs on the fence STILL... Good luck to all long term holders like myself...
GL all
gg
Hope your right.... But we will see... In my eyes this won't be up and running till around late February 2020 may be March or even early April... That's if we get the right decision... I save this posted.... I hope I'm wrong... I don't think egdon have really attacked this as well.... Been a bit layed back with it all.... The onshore E&P now is a different beast..... And this was on the horizon for a good while.... But we c... Good luck to u all any way
GG