Member Info for itsawrap

Hi hasiba, the mistake I have made (too often) is not to top-slice into a rise, I actually sold some last Friday at 1.41 so although today's rise is great, we are only just above last Friday's trading range. however I do agree that there is plenty of upside to come...what a nice way to start the weekend :)

True enough pboo but as you said the 44% are owned by a long-term investor and EDR does not have a buy-back program.

UJO appears to have no investors over 3% (and perhaps no II's ?) ergo a much wider ownership by private investors, plus it has an ongoing buy-back so I believe a very good CPR will put pressure on the sp - time will tell.

The buy-back will prove its worth once we have a substantial piece of good news such as winning Bisc or more likely a very encouraging CPR for Wressle. Once sentiment turns in UJOs favour, the "mopping up" of 4m-5m shares will put the sp under significant upward pressure - all imo of course

PS tac, is that positive enough for you?

Hopefully a Q1 update will be issued next week so we can understand where we are 5 months on

Has a thread disappeared?

Latest nsta data for March - Crosby 18bpd (Feb 26bpd), Wressle 770bpd (Feb 770bpd)

RNS 28th April

The average daily volume figure acquired under the Programme will be no more than 25% of the average daily volume traded in the 20 trading days preceding the date of purchase, and no more than 6 million Ordinary Shares in any one day.

The bb is limited to 6m shares per day, I believe yesterday was the first time they have hit the limit?

Https://drillordrop.com/2023/05/31/egdon-resources-seeks-10-more-years-at-waddock-cross-oil-site/

Afternoon heid, a while ago you said something like "do you really think DB sits there all day tweeting" (possibly to persi?)

well, the evidence is on twitter for all to see, daily more and more tweets, I guess he's bored :)

As at 10th May UJO stated $15m net to date - ergo $11.25 net to EOG

based on the last statement of 770bpd, I estimate EOG is earning about $16k net per day from Wressle or about $500k pm

A nice little bump on quite low volume, could be investors are holding on tight to their shares?

"lunge for your calculator" ...100'000 x 26.89p isn't rocket science tac

EDR has 35 licences including Wressle so lots for PP to develop. My guess is Heyco/PP as a 44% shareholder got tired of waiting for EDR to make real progress with other assets, Keddington for example which has planning permission locked in. The logical target would be UJO as every UJO asset apart from West Newton is operated and part owned by EDR. UJO has lots of cash too, although PP doesnt have a large position so it wouldn't come cheap like EDR.

The new Wressle CPR is due to be published next month, Egdon have already said things are looking very good, hopefully it will be much better than UJOs R&R Report which will poorly received

I think the most recent number is 770bpd, 30% to EOG so about $16k per day

Q1 update was out Thursday 26th May last year, we may get the Q1 2023 update tomorrow? then Finals in about 2 or 3 weeks

I have wondered if they bought into the USA for the free jollies!

I find it odd that they think so highly of their investment choices yet they are not buying anywhere near the 6m shares daily limit despite the sp being in the toilet - where is the faith in the company?

Morning joking, here's a question I recently asked MA

Q: "If a new well is drilled from the Wressle pad, would gas emissions come under the current 10 tonnes per day limit or would the new well have its own limit?"

A: "The planning application for a new well or wells at Wressle will also include proposals for gas export to the grid or a nearby industrial user to supplement the currently approved plans for gas to electricity export. As such the expectation is that there would be no routine gas incineration and that the current permit would be more than adequate in this regard."