Iclaude
26 Sep 2016
Todays' News - CPR Report CPR confirms Wressle viability, says Egdon StockMarketWire | Mon, 26th September 2016 - 07:31 Egdon Resources says a competent person's report has independently confirmed the commercial viability of the Wressle field development.The report was prepared by ERC Equipoise Ltd in relation to UK Onshore (Lincolnshire) licences PEDL180 and PEDL182 in both of which Egdon is operator and holds a 25.00% interest. ERCE has made independent estimates of reserves and contingent and prospective oil and gas Resources that can be ascribed to the 2014 Wressle-1 discovery and the Broughton North Prospect within the licences. Highlights: Wressle - Gross Mean Discovered Stock Tank Oil Initially In Place ("STOOIP"
of 14.18 million stock tank barrels in aggregate across three reservoir sands (Ashover Grit, Wingfield Flags and Penistone Flags) of which 2.15 million stock tank barrels is classified as discovered (2P+2C).- Gross 2P oil Reserves (Justified For Development) of 0.62 million stock tank barrels in aggregate identified across two reservoir sands, the Ashover Grit and Wingfield Flags, that form the basis for the initial Field Development Plan that has been submitted to the Oil and Gas Authority ("OGA" and for which a planning application is currently being considered by North Lincolnshire Council.- Gross 2P gas Reserves (Justified For Development) of 0.2 billion standard cubic feet will be monetised using on-site power generation with excess power sold into the National Grid.- Substantial Contingent Resources have also been confirmed in the Penistone Flags reservoir with gross 2C Contingent Resources of 1.53 million stock tank barrels of oil and 2.0 billion standard cubic feet of gas.- Plans to produce from the Penistone Flags reservoir are expected to be progressed following commencement of production from the Ashover Grit and will include monetisation of the produced gas by pipeline export or electricity generation and export.Broughton North Prospect- The Broughton North Prospect is in a fault block immediately to the north-west of the Wressle structure and ERCE has attributed a high Geological Chance of Success of 40% to 49% to the prospect.- Gross Mean Stock Tank Oil Initially In Place ("STOOIP" for the Broughton North Prospect is 3.43 million stock tank barrels in aggregate across two reservoir sands (Ashover Grit and Penistone Flags) with Mean Prospective Resources of 0.51million stock tank barrels of oil plus 0.51 billion standard cubic feet of gas.Egdon managing director Mark Abbott said: "The CPR has independently confirmed the commercial viability of the Wressle field development with overall oil and gas Reserves and Contingent Resources exceeding our original pre-drill estimates. "Subject to receipt of Planning and Permit approvals, we now expect first production from the Ashover Grit at Wressle -1 well at rates of 500 barrels of oil per day (125 bopd net to Egdon) in early 2017, adding material revenue and cash flow for Egdon."The CPR also highlights the significant Contingent oil and gas resource in the Penistone Flags and the low risk Broughton North prospect that has been identified as a near-term drilling candidate within Egdon's asset portfolio."
theprior
08 Aug 2016
Re: Fracking announcement due today I guess Cantor Fitzgerald's target of 31p must've helped to lift it today. (Director's talk)TP
theprior
08 Aug 2016
Re: Fracking announcement due today Obviously picked up by the market, over double average volume already traded, and a significant uptick in sp.
theprior
08 Aug 2016
Fracking announcement due today I understand from an item in the Mail On Line that Theresa May is due to announce today that individual households will directly benefit from a cash payment if fracking takes place in their immediate area.This could well change the NIMBI approach to this method of extraction.Would make EDR's job a lot easier going forward.
theprior
04 Jul 2016
All licence changes approved Good news to have the new arrangements confirmedTP
Simbrad
27 Jun 2016
VSA Capital note out today on research tree "Europa Oil and Gas (EOG) has extended the PEDL 143 licence, where Egdon Resources (EDR)# holds a 18.4% interest, by two years until October 2018. The licence is located in the Weald Basin, Surrey and the extension will allow EOG as the operator to drill the conventional Holmwood prospect which has estimated gross mean unrisked prospective resources of 5.6mmboe."
alioua
25 May 2016
Re: RNS we know that ripley- what i want to know is it sensible to add ehn iam in a big loss and will i ever break even! i added before and i lost what i added and more
Ripley94
25 May 2016
Re: RNS Big rise yesterday and another 16% rise today. seems to due to recent fracking allowance.
Simbrad
25 May 2016
"Yesterday North Yorkshire County Council approved planning permission for Third Energy’s appraisal of Kirby Misperton-8 (KM-8) in the Cleveland Basin. We understand that work to hydraulically fracture and test KM-8 could be carried out as early as Q4 CY16. The read-across to Egdon is two-fold: first, planning success at KM-8 should help pave the way for planning approval at IGas-operated Springs Road where Egdon retains a 14.5% carried interest in a two-well exploration programme. Second, appraisal success could be a positiv..." Edison's note on Egdon was published this morning. It's free to access via Research Tree.
Anchises
23 May 2016
Third Energy fracking planning application Fracking approved at Kirby Misperton. Precedent for iGas Springs Road in which EDR has an interest?[link]
tiggerman1
17 May 2016
Re: Edison Note - Research Tree A most encouraging report, but at the end of the day we need some sense from the planning committees for the generation of jobs, cheaper energy, company growth and national wealth.
theprior
29 Apr 2016
Malcy's Blog 26 April.Has a brief mention of EDR which suggests it's worth more.[link]
Ripley94
15 Feb 2016
Re: RNS laughton news.commencement drilling.they have 50% interest . No share price move by 11am
theprior
08 Feb 2016
RNS Keddington news.TP
theprior
26 Jan 2016
RNS Further farm in
