This company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsEgdon Resources (4ED) 주식 개요Egdon Resources plc, together with its subsidiaries, explores for and produces hydrocarbons in the United Kingdom. 자세히 보기4ED 펀더멘털 분석스노우플레이크 점수가치 평가3/6미래 성장0/6과거 실적5/6재무 건전성6/6배당0/6강점공정 가치 추정치보다 낮은 88% 에서 거래지난 1년간 수익이 333.3% 증가했습니다.위험 분석지난 1년 동안 주주가 희석되었습니다.지난 3개월 동안 상당한 내부자 매도가 있었습니다.의미 있는 시가총액이 없습니다(€29M)모든 위험 점검 보기4ED Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€0.04268.1% 저평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-5m43m2016201920222025202620282031Revenue UK£43.5mEarnings UK£13.5mAdvancedSet Fair ValueView all narrativesEgdon Resources plc 경쟁사Deutsche RohstoffSymbol: XTRA:DR0Market cap: €468.0mDaldrup & SöhneSymbol: XTRA:4DSMarket cap: €142.5mCalima EnergySymbol: ASX:CE1Market cap: AU$5.6mMesa Royalty TrustSymbol: NYSE:MTRMarket cap: US$7.1m가격 이력 및 성과Egdon Resources 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가UK£0.04252주 최고가UK£0.07552주 최저가UK£0.015베타-0.251개월 변동9.21%3개월 변동7.79%1년 변동-36.64%3년 변동315.00%5년 변동-43.92%IPO 이후 변동-61.93%최근 뉴스 및 업데이트공시 • Sep 17Petrichor Partners LP completed the acquisition of remaining 56% stake in Egdon Resources plc (AIM:EDR ) from group of sellers and others.Petrichor Partners LP agreed to acquire remaining 56% stake in Egdon Resources plc (AIM:EDR ) from group of sellers and others for £13.7 million on May 17, 2023. Egdon shareholders will be entitled to receive 4.5 pence cash for each Egdon share. The acquisition will be effected by means of a Scheme of Arrangement. The cash consideration payable by Petrichor under the terms of the acquisition will be funded from the existing cash resources of Petrichor which are drawn and fully funded. Petrichor intends that existing employees of Egdon will continue to contribute to Egdon's ongoing success and does not intend to make any headcount reductions. Petrichor has received irrevocable undertakings, from the Egdon Directors; Mark Abbott, Kenneth Ratcliff, Philip Stephens, Walter Roberts, Timothy Davies and Martin and from Harbour Energy plc and Union Jack Oil plc, in respect of, in aggregate, 77,382,106 Egdon shares, representing approximately 14.23%. The Egdon Directors intend to recommend unanimously that scheme shareholders vote in favour of the scheme at the Court Meeting and at the Genera Meeting. The scheme is subject to Egdon shareholder’s approval, Court approval, Third Party clearances, to the applicable requirements of the Takeover Code, the Panel, the London Stock Exchange, the AIM Rules and the FCA. As of August 29, 2023, the North Sea Transition Authority condition for has been satisfied. As of September 12, 2023, at the court sanction hearing held earlier today the High Court of Justice of England & Wales issued the court order sanctioning the scheme. The acquisition is expected to become effective in the third calendar quarter of 2023. As of September 12, 2023, the scheme is expected to become effective on September 14, 2023. Andrew Raca and Evon Chan of VSA Capital provided independent financial advice to the Egdon Directors. Antonio Bossi, Chris Hardie and James Bavister of WH Ireland Limited acted as nominated adviser and Norton Rose Fulbright LLP acted as legal adviser to Egdon. Andrew Emmott and Neil Baldwin of SPARK Advisory Partners Limited acted as financial adviser and Fieldfisher LLP acted as legal adviser to Petrichor. DWF Law LLP is acting as legal adviser to SPARK in connection with the acquisition. Dwf Law Llp acted as legal advisor to Petrichor, Andrew Emmott and Neil Baldwin of SPARK Advisory Partners Limited acted as financial advisors to Petrichor. Link Group acted as registrar of Egdon. Petrichor Partners LP completed the acquisition of remaining 56% stake in Egdon Resources plc (AIM:EDR ) from group of sellers and others on September 15, 2023.공시 • Sep 15Egdon Resources Announces Cancellation of Admission of Shares to Be on 18 September 2023On 17 May 2023, the board of Egdon Resources plc announced that they had reached agreement regarding the terms of a recommended all cash acquisition for the entire issued and to be issued ordinary share capital of Egdon (other than those shares already owned by or on behalf of Petrichor) (the "Acquisition") pursuant to a Court-sanctioned scheme of arrangement of Egdon under Part 26 of the Companies Act 2006 (the "Scheme"). The scheme document in relation to the Scheme was published on 8 June 2023 (the "Scheme Document"). The Company announced on 12 September 2023 that the High Court of Justice had sanctioned the Scheme at the Court Sanction Hearing held earlier on the same date. Egdon would like to confirm the expected remaining Scheme timetable in full: Last day of dealings in, and for registration of transfers of, Egdon Shares is 14 September 2023. Effective Date of the Scheme is 15 September 2023. Suspension of Dealings in Egdon Shares is 7:30am on 15 September 2023. Cancellation of Admission of Egdon Shares is 7:00am on 18 September 2023.공시 • Sep 01Egdon Resources plc Announces Wressle UpdateEgdon Resources plc announced that operations to install artificial lift on the Wressle-1 well (in which Egdon has a 30% interest) have commenced. The operations began with a slickline programme where downhole pressure and temperature gradients were acquired. Slickline operations have now been completed and the ongoing work programme includes recompleting the well for installation of a downhole jet pump and installing the associated surface equipment. It is expected that these operations will last around three weeks and that production from the Wressle-1 Well is expected to be reinstated in late September. The downhole data obtained from these activities is being incorporated into the ongoing work by ERC Equipoise Ltd. and the impact of the artificial lift will be included in the independent Competent Person's Report which will be announced once this additional work is completed.공시 • May 19Petrichor Partners LP agreed to acquire remaining 56% stake in Egdon Resources plc (AIM:EDR ) from group of sellers and others for £13.7 million.Petrichor Partners LP agreed to acquire remaining 56% stake in Egdon Resources plc (AIM:EDR ) from group of sellers and others for £13.7 million on May 17, 2023. Egdon shareholders will be entitled to receive 4.5 pence cash for each Egdon share. The acquisition will be effected by means of a Scheme of Arrangement. The cash consideration payable by Petrichor under the terms of the acquisition will be funded from the existing cash resources of Petrichor which are drawn and fully funded. Petrichor intends that existing employees of Egdon will continue to contribute to Egdon's ongoing success and does not intend to make any headcount reductions. Petrichor has received irrevocable undertakings, from the Egdon Directors; Mark Abbott, Kenneth Ratcliff, Philip Stephens, Walter Roberts, Timothy Davies and Martin and from Harbour Energy plc and Union Jack Oil plc, in respect of, in aggregate, 77,382,106 Egdon shares, representing approximately 14.23%. The Egdon Directors intend to recommend unanimously that scheme shareholders vote in favour of the scheme at the Court Meeting and at the Genera Meeting. The scheme is subject to Egdon shareholder’s approval, Court approval, Third Party clearances, to the applicable requirements of the Takeover Code, the Panel, the London Stock Exchange, the AIM Rules and the FCA. The acquisition is expected to become effective in the third calendar quarter of 2023. Andrew Raca and Evon Chan of VSA Capital provided independent financial advice to the Egdon Directors. Antonio Bossi, Chris Hardie and James Bavister of WH Ireland Limited acted as nominated adviser and Norton Rose Fulbright LLP acted as legal adviser to Egdon. Andrew Emmott and Neil Baldwin of SPARK Advisory Partners Limited acted as financial adviser and Fieldfisher LLP acted as legal adviser to Petrichor. DWF Law LLP is acting as legal adviser to SPARK in connection with the acquisition.공시 • May 18Egdon Resources Expects to Delist from LSEThe board of directors of Egdon Resources plc announced that they have reached agreement with Petrichor Partners, LP ("Petrichor") with regard to the terms of a recommended all cash acquisition by Petrichor of the entire issued and to be issued ordinary share capital (other than those shares already owned by or on behalf of Petrichor) of Egdon (the "Acquisition"). It is expected that the last day of dealings in Egdon Shares on the London Stock Exchange's AIM market will be the Business Day immediately prior to the Effective Date and no transfers will be registered after 6.00 pm (London time) on that date. Subject to the Scheme becoming effective, Egdon will make an application to the London Stock Exchange for the cancellation of the admission to trading of the Egdon Shares on the London Stock Exchange's AIM market, to take effect on or shortly after the Effective Date. Following the Scheme becoming Effective and after the delisting and cancellation of admission to trading of the Egdon Shares, it is intended that Egdon be re-registered as a private limited company as soon as practicable following the Effective Date.Reported Earnings • Apr 25First half 2023 earnings released: EPS: UK£0.001 (vs UK£0.002 in 1H 2022)First half 2023 results: EPS: UK£0.001 (down from UK£0.002 in 1H 2022). Revenue: UK£3.73m (up 46% from 1H 2022). Net income: UK£435.0k (down 64% from 1H 2022). Profit margin: 12% (down from 48% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 13% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 3.9%. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.더 많은 업데이트 보기Recent updates공시 • Sep 17Petrichor Partners LP completed the acquisition of remaining 56% stake in Egdon Resources plc (AIM:EDR ) from group of sellers and others.Petrichor Partners LP agreed to acquire remaining 56% stake in Egdon Resources plc (AIM:EDR ) from group of sellers and others for £13.7 million on May 17, 2023. Egdon shareholders will be entitled to receive 4.5 pence cash for each Egdon share. The acquisition will be effected by means of a Scheme of Arrangement. The cash consideration payable by Petrichor under the terms of the acquisition will be funded from the existing cash resources of Petrichor which are drawn and fully funded. Petrichor intends that existing employees of Egdon will continue to contribute to Egdon's ongoing success and does not intend to make any headcount reductions. Petrichor has received irrevocable undertakings, from the Egdon Directors; Mark Abbott, Kenneth Ratcliff, Philip Stephens, Walter Roberts, Timothy Davies and Martin and from Harbour Energy plc and Union Jack Oil plc, in respect of, in aggregate, 77,382,106 Egdon shares, representing approximately 14.23%. The Egdon Directors intend to recommend unanimously that scheme shareholders vote in favour of the scheme at the Court Meeting and at the Genera Meeting. The scheme is subject to Egdon shareholder’s approval, Court approval, Third Party clearances, to the applicable requirements of the Takeover Code, the Panel, the London Stock Exchange, the AIM Rules and the FCA. As of August 29, 2023, the North Sea Transition Authority condition for has been satisfied. As of September 12, 2023, at the court sanction hearing held earlier today the High Court of Justice of England & Wales issued the court order sanctioning the scheme. The acquisition is expected to become effective in the third calendar quarter of 2023. As of September 12, 2023, the scheme is expected to become effective on September 14, 2023. Andrew Raca and Evon Chan of VSA Capital provided independent financial advice to the Egdon Directors. Antonio Bossi, Chris Hardie and James Bavister of WH Ireland Limited acted as nominated adviser and Norton Rose Fulbright LLP acted as legal adviser to Egdon. Andrew Emmott and Neil Baldwin of SPARK Advisory Partners Limited acted as financial adviser and Fieldfisher LLP acted as legal adviser to Petrichor. DWF Law LLP is acting as legal adviser to SPARK in connection with the acquisition. Dwf Law Llp acted as legal advisor to Petrichor, Andrew Emmott and Neil Baldwin of SPARK Advisory Partners Limited acted as financial advisors to Petrichor. Link Group acted as registrar of Egdon. Petrichor Partners LP completed the acquisition of remaining 56% stake in Egdon Resources plc (AIM:EDR ) from group of sellers and others on September 15, 2023.공시 • Sep 15Egdon Resources Announces Cancellation of Admission of Shares to Be on 18 September 2023On 17 May 2023, the board of Egdon Resources plc announced that they had reached agreement regarding the terms of a recommended all cash acquisition for the entire issued and to be issued ordinary share capital of Egdon (other than those shares already owned by or on behalf of Petrichor) (the "Acquisition") pursuant to a Court-sanctioned scheme of arrangement of Egdon under Part 26 of the Companies Act 2006 (the "Scheme"). The scheme document in relation to the Scheme was published on 8 June 2023 (the "Scheme Document"). The Company announced on 12 September 2023 that the High Court of Justice had sanctioned the Scheme at the Court Sanction Hearing held earlier on the same date. Egdon would like to confirm the expected remaining Scheme timetable in full: Last day of dealings in, and for registration of transfers of, Egdon Shares is 14 September 2023. Effective Date of the Scheme is 15 September 2023. Suspension of Dealings in Egdon Shares is 7:30am on 15 September 2023. Cancellation of Admission of Egdon Shares is 7:00am on 18 September 2023.공시 • Sep 01Egdon Resources plc Announces Wressle UpdateEgdon Resources plc announced that operations to install artificial lift on the Wressle-1 well (in which Egdon has a 30% interest) have commenced. The operations began with a slickline programme where downhole pressure and temperature gradients were acquired. Slickline operations have now been completed and the ongoing work programme includes recompleting the well for installation of a downhole jet pump and installing the associated surface equipment. It is expected that these operations will last around three weeks and that production from the Wressle-1 Well is expected to be reinstated in late September. The downhole data obtained from these activities is being incorporated into the ongoing work by ERC Equipoise Ltd. and the impact of the artificial lift will be included in the independent Competent Person's Report which will be announced once this additional work is completed.공시 • May 19Petrichor Partners LP agreed to acquire remaining 56% stake in Egdon Resources plc (AIM:EDR ) from group of sellers and others for £13.7 million.Petrichor Partners LP agreed to acquire remaining 56% stake in Egdon Resources plc (AIM:EDR ) from group of sellers and others for £13.7 million on May 17, 2023. Egdon shareholders will be entitled to receive 4.5 pence cash for each Egdon share. The acquisition will be effected by means of a Scheme of Arrangement. The cash consideration payable by Petrichor under the terms of the acquisition will be funded from the existing cash resources of Petrichor which are drawn and fully funded. Petrichor intends that existing employees of Egdon will continue to contribute to Egdon's ongoing success and does not intend to make any headcount reductions. Petrichor has received irrevocable undertakings, from the Egdon Directors; Mark Abbott, Kenneth Ratcliff, Philip Stephens, Walter Roberts, Timothy Davies and Martin and from Harbour Energy plc and Union Jack Oil plc, in respect of, in aggregate, 77,382,106 Egdon shares, representing approximately 14.23%. The Egdon Directors intend to recommend unanimously that scheme shareholders vote in favour of the scheme at the Court Meeting and at the Genera Meeting. The scheme is subject to Egdon shareholder’s approval, Court approval, Third Party clearances, to the applicable requirements of the Takeover Code, the Panel, the London Stock Exchange, the AIM Rules and the FCA. The acquisition is expected to become effective in the third calendar quarter of 2023. Andrew Raca and Evon Chan of VSA Capital provided independent financial advice to the Egdon Directors. Antonio Bossi, Chris Hardie and James Bavister of WH Ireland Limited acted as nominated adviser and Norton Rose Fulbright LLP acted as legal adviser to Egdon. Andrew Emmott and Neil Baldwin of SPARK Advisory Partners Limited acted as financial adviser and Fieldfisher LLP acted as legal adviser to Petrichor. DWF Law LLP is acting as legal adviser to SPARK in connection with the acquisition.공시 • May 18Egdon Resources Expects to Delist from LSEThe board of directors of Egdon Resources plc announced that they have reached agreement with Petrichor Partners, LP ("Petrichor") with regard to the terms of a recommended all cash acquisition by Petrichor of the entire issued and to be issued ordinary share capital (other than those shares already owned by or on behalf of Petrichor) of Egdon (the "Acquisition"). It is expected that the last day of dealings in Egdon Shares on the London Stock Exchange's AIM market will be the Business Day immediately prior to the Effective Date and no transfers will be registered after 6.00 pm (London time) on that date. Subject to the Scheme becoming effective, Egdon will make an application to the London Stock Exchange for the cancellation of the admission to trading of the Egdon Shares on the London Stock Exchange's AIM market, to take effect on or shortly after the Effective Date. Following the Scheme becoming Effective and after the delisting and cancellation of admission to trading of the Egdon Shares, it is intended that Egdon be re-registered as a private limited company as soon as practicable following the Effective Date.Reported Earnings • Apr 25First half 2023 earnings released: EPS: UK£0.001 (vs UK£0.002 in 1H 2022)First half 2023 results: EPS: UK£0.001 (down from UK£0.002 in 1H 2022). Revenue: UK£3.73m (up 46% from 1H 2022). Net income: UK£435.0k (down 64% from 1H 2022). Profit margin: 12% (down from 48% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 13% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 3.9%. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.Reported Earnings • Apr 25First half 2023 earnings released: EPS: UK£0.001 (vs UK£0.002 in 1H 2022)First half 2023 results: EPS: UK£0.001 (down from UK£0.002 in 1H 2022). Revenue: UK£3.73m (up 46% from 1H 2022). Net income: UK£435.0k (down 64% from 1H 2022). Profit margin: 12% (down from 48% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 13% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 3.9%. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.공시 • Dec 21Egdon Resources plc (AIM:EDR) signed a conditional agreement to acquire Aurora Production (Uk) Limited from Aurora Petroleum Limited.Egdon Resources plc (AIM:EDR) signed a conditional agreement to acquire Aurora Production (Uk) Limited from Aurora Petroleum Limited on December 20, 2022. Aurora Production holds an 18.75% interest in the Edgon operated licence PL090 which contains the Waddock Cross oil field and an 8.33% interest in the IGas operated licence PEDL070 which contains the Avington oil field. The consideration for this acquisition will be the assumption by Egdon of all ongoing liabilities on these licences, including all abandonment liabilities. However, as part of the transaction Egdon shall receive a cash sum from the Vendor of £0.288 million which reflects the current estimates in relation to these liabilities. Aurora Production will at the completion of the transaction grant Net Profit Interests to the Vendor of 10% on each of the licence interests which, in the event that profitable production is established, will result in the Vendor being reimbursed the sum it gave Egdon to cover the abandonment liabilities for such licence. WH Ireland Limited and VSA Capital Limited acted financial advisor to Egdon Resources plc.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Non-Executive Chairman Philip Henry Stephens was the last independent director to join the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Nov 09Full year 2022 earnings released: EPS: UK£0.006 (vs UK£0.005 loss in FY 2021)Full year 2022 results: EPS: UK£0.006 (up from UK£0.005 loss in FY 2021). Revenue: UK£6.91m (up UK£5.82m from FY 2021). Net income: UK£3.30m (up UK£4.98m from FY 2021). Profit margin: 48% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.공시 • Nov 09Egdon Resources plc Announces Production Guidance for the Year 2022-23Egdon Resources plc announced production guidance for the full financial year 2022-23 is 225 boepd-245 boepd.공시 • Oct 18Egdon Resources plc to Report Q1, 2023 Results on Nov 08, 2022Egdon Resources plc announced that they will report Q1, 2023 results on Nov 08, 2022공시 • Aug 09Egdon Resources PLC Announces Submission of North Kelsey Planning AppealEgdon Resources PLC announced the submission of an appeal against the refusal by Lincolnshire County Council in March 2022 of an extension of time to the existing planning permission for the drilling and testing of a conventional exploration well at the North Kelsey site in PEDL241. Egdon holds a 50% interest and is operator of PEDL241. The appeal documentation has been submitted to the Planning Inspectorate (PINS) and the appeal will now be validated by PINS before an inspector is appointed and a timetable defined. The expectation is that the appeal will be decided under the Written Representation Procedure, a process where PINS will consider written evidence from the appellant, the local planning authority and other interested parties.공시 • May 31Egdon Resources plc Announces Approval of Wressle Field Development PlanEgdon Resources plc approved the Field Development Plan for the Wressle oil field in North Lincolnshire, held under licences PEDL180 and PEDL182. The NSTA has also approved the Licences entering their production phase, which will continue through to 2039.Board Change • Apr 28Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Non-Executive Chairman Philip Henry Stephens was the last independent director to join the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공시 • Apr 27Egdon Resources plc Provides Production Guidance for the Second Half of 2022 and Full Financial Year 2021-22Egdon Resources plc Provided Production Guidance for the second half of 2022 and Full financial Year 2021-22. For the second half, company expects a production of 275-285 boepd.Production guidance for the full financial year 2021-22 is 240 boepd.공시 • Apr 22Egdon Resources plc to Report First Half, 2022 Results on Apr 26, 2022Egdon Resources plc announced that they will report first half, 2022 results on Apr 26, 2022공시 • Jan 20Egdon Resources plc announces Results of the Analysis of the Downhole Hole Pressure Data Acquired in the Wressle-1 WellEgdon Resources plc provided a summary of the results of the analysis of the downhole hole pressure data acquired in the Wressle-1 well during December 2021. The interpretation was carried out by ERCE, an independent energy consultancy, on behalf of the Wressle joint venture partners. Egdon holds a 30% interest and is operator of the field. The results demonstrate the significant potential of the Wressle-1 well and the production rates that could be achieved once the surface facilities are optimised and a gas utilisation scheme is in place. Based on the current reservoir pressure and a flowing tubing head pressure of 400 pounds per square inch gauge, ERCE estimates that a rate of 1,216 barrels of oil per day would be achievable, whilst maintaining a flowing bottom hole pressure above the oil saturation pressure. At 300 psig flowing tubing head pressure, ERCE estimates the well could flow at a rate of 1,543 bopd whilst at the oil bubble point. ERCE estimates a reservoir permeability of 80 millidarcies, and the analysis also confirmed the effectiveness of the proppant squeeze in reducing the skin factor from 107 to 0.2. (The skin factor is an estimate of the impairment to flow within the reservoir caused during drilling, completion or the original testing operations.).Reported Earnings • Nov 04Full year 2021 earnings released: UK£0.005 loss per share (vs UK£0.015 loss in FY 2020)Full year 2021 results: Net loss: UK£1.68m (loss narrowed 65% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 51% per year, which means it is performing significantly worse than earnings.Breakeven Date Change • Oct 27Forecast to breakeven in 2022The analyst covering Egdon Resources expects the company to break even for the first time. New forecast suggests the company will make a profit of UK£900.0k in 2022. Average annual earnings growth of 129% is required to achieve expected profit on schedule.공시 • Aug 26Egdon Resources plc Provides Wressle Operational Update; Well Achieves Production Target of 500 bopdEgdon Resources plc provided an update on operations at its Wressle Oil Field Development ("Wressle") located in North Lincolnshire, covered by Licences PEDL180 and PEDL182 and where the Company holds a 30% operated interest. Egdon is pleased to advise that the coiled tubing operation has been completed safely and successfully and the Ashover Grit reservoir has been returned to flow, under extended well testing operations. The well flow is continuing to clean-up and has not yet reached its full potential. The measured flow rates have exceeded 500 barrels of oil per day under a restricted choke setting, which was the forecast rate following the proppant squeeze operation. Company will provide a further update once stabilised flow rates are established in the coming weeks.공시 • Jul 01Egdon Resources plc has completed a Follow-on Equity Offering in the amount of £1.44035 million.Egdon Resources plc has completed a Follow-on Equity Offering in the amount of £1.44035 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 115,228,000 Price\Range: £0.0125 Transaction Features: Subsequent Direct Listing공시 • Jun 30Egdon Resources plc Provides an Update on the Planned Proppant Squeeze Operation At Its Wressle Oil Field DevelopmentEgdon Resources plc provides an update on the planned proppant squeeze operation at its Wressle Oil Field Development located in North Lincolnshire, covered by Licences PEDL180 and PEDL182 where the Company holds a 30% operated interest. Egdon has been advised by its contractor, Schlumberger Oilfield UK Plc, that the proppant squeeze operations at Wressle have been pushed back by two to four weeks. The revised date is due to the contractor's equipment being held on a job over-run in continental Europe. This is compounded by tighter import legislation and visa requirements which are beyond Egdon, and the contractor's control. The contractor has provided assurance to Egdon that its amended timeline will be adhered to. The Wressle-1 well was drilled in 2014 and tested in 2015. The Wressle-1 well has flowed oil and gas from three separate reservoirs, the Ashover Grit, the Wingfield Flags and the Penistone Flags. This totalled 710 barrels of oil equivalent per day from all zones. In September 2016 a Competent Person's Report made independent estimates of Reserves and Contingent and Prospective oil and gas Resources for the Wressle discovery of 2.15 million stock tank barrels classified as discovered (2P+2C).공시 • May 27Egdon Resources plc Receives Consent from North Lincolnshire Council for the Storage of Crude Oil Under the PlanningEgdon Resources plc advised that it has received consent from North Lincolnshire Council for the storage of crude oil under the Planning (Hazardous Substances) Regulations 1992 at its Wressle Oil Field Development ("Wressle") located in North Lincolnshire, covered by Licences PEDL180 and PEDL182 where the Company holds a 30% operated interest. This consent allows full use of the installed oil storage capacity at the site of approximately 2000 barrels and will enable the full production to be realised following from the proppant squeeze, which is expected to increase overall production to 500 barrels of oil per day (150 barrels net to Egdon).공시 • May 19Egdon Resources plc Announces Received All Necessary Consents for the Commencement of the Proppant Squeeze Operation at the Wressle Oil Field Development Located in North Lincolnshire Licences PEDL180 and PEDL182Egdon Resources plc announced that it has received all necessary consents for the commencement of the proppant squeeze operation at the Wressle Oil Field Development located in North Lincolnshire Licences PEDL180 and PEDL182 where the Company holds a 30% operated interest. The proppant squeeze operation is expected to optimise oil production from the Ashover Grit reservoir, one of the three productive reservoirs tested, to a constrained gross rate of 500 barrels of oil per day (150 bopd net to Egdon). The operation is expected to be completed and optimum oil production achieved during June 2021. The Wressle-1 well has been on 24 hour test production since late January with produced oil transported by road tanker to the Phillips 66 Humber refinery and sold under Egdon's existing oil sales contract. Production rates have continued to increase and have exceeded expectations with high quality free flowing oil being produced and no water present. All data confirms the independent prediction that over 500 bopd will be achievable following the proppant squeeze. The well will continue operating on test production until the proppant squeeze operation is undertaken.공시 • Apr 28Egdon Resources plc Provides Production Guidance for the Full Year 2021Egdon Resources plc provided production guidance for the full year 2021. The company production guidance for the full year of 110 boepd -130 boepd compared to 145 boepd a year ago.공시 • Feb 06Egdon Resources plc, Annual General Meeting, Feb 05, 2021Egdon Resources plc, Annual General Meeting, Feb 05, 2021, at 11:30 Coordinated Universal Time.공시 • Feb 02Egdon Resources plc Provides an Update on Operations At the Wressle Oil Field DevelopmentEgdon Resources plc provided an update on operations at the Wressle Oil Field Development ('Wressle') located in North Lincolnshire Licences PEDL180 and PEDL182 where the Company holds a 30% operated interest. Operations to recomplete the well and reperforate the Ashover Grit reservoir interval have been completed safely and successfully as per the previously advised schedule. Following the reperforation and its successful communication with the Ashover Grit reservoir interval free-flow of oil has commenced and the well has been placed on continuous 24 hour test production. The well is currently in the normal clean-up phase as the well is carefully brought on-stream. The Company will provide a further detailed update when flow rates have stabilised on completion of clean-up. Produced oil from Wressle will be transported by road tanker to the Phillips 66 Humber refinery and sold under Egdon's existing oil sales contract.Analyst Estimate Surprise Post Earnings • Jan 18Revenue misses expectationsRevenue missed analyst estimates by 50%. Over the next year, revenue is forecast to grow 182%, compared to a 13% growth forecast for the Oil and Gas industry in Germany.Reported Earnings • Jan 15Full year 2020 earnings released: UK£0.015 loss per shareFull year 2020 results: Net loss: UK£4.75m (loss widened 177% from FY 2019).Analyst Estimate Surprise Post Earnings • Jan 15Revenue misses expectationsRevenue missed analyst estimates by 50%. Over the next year, revenue is forecast to grow 182%, compared to a 13% growth forecast for the Oil and Gas industry in Germany.공시 • Jan 12Egdon Resources plc Announces Wressle Operations UpdateEgdon Resources plc provided an update on progress to first oil at the Wressle Oil Field Development. Wressle is located in North Lincolnshire Licences PEDL180 and PEDL182 where the Company holds a 30% operated interest. Egdon can report that the workover rig and associated services and equipment were successfully mobilised to site during the week commencing 4 January 2021 and that operations to recomplete and reperforate the well have commenced. Operations are expected to be completed to enable the Ashover Grit reservoir to be flowed prior to the end of January 2021 as previously advised. The Ashover Grit reservoir is expected to produce at a constrained rate of 500 barrels of oil per day ("bopd") increasing Egdon's production by 150 bopd when fully on stream.공시 • Jan 08Egdon Resources plc announced that it expects to receive £1.051035 million in funding from Petrichor Partners Delaware, Llc, Jalapeno CorporationEgdon Resources plc (AIM:EDR) announced that it has entered into an subscription agreement to issue convertible loan note for gross proceeds of £1,051,035 on January 6, 2021. The transaction will include participation from Petrichor Partners Delaware, Llc, and Jalapeno Corporation. The note will be convertible into maximum of 69,684,386 shares and maximum of 3,549,020 shares at a conversion price of £1.55 per notes following the issue of the convertible loan notes. The conversion is subject to the holders exercising their option to convert the amount outstanding into conversion shares during the 12 months following the issue of the notes, which can be redeemed by the company 12 months following their issue. The transaction will be subject to approval from shareholders at the general meeting to be held on January 22, 2021.Reported Earnings • Jan 07Full year 2020 earnings released: UK£0.015 loss per shareFull year 2020 results: Net loss: UK£4.75m (loss widened 177% from FY 2019).Analyst Estimate Surprise Post Earnings • Jan 07Revenue misses expectationsRevenue missed analyst estimates by 50%. Over the next year, revenue is forecast to grow 322%, compared to a 14% growth forecast for the Oil and Gas industry in Germany.공시 • Jan 06Egdon Resources plc, Annual General Meeting, Jan 22, 2021Egdon Resources plc, Annual General Meeting, Jan 22, 2021, at 10:00 Coordinated Universal Time. Location: The Wheat House, 98 High Street Odiham Hampshire United Kingdom공시 • Jan 05Egdon Resources plc to Report Fiscal Year 2020 Results on Jan 06, 2021Egdon Resources plc announced that they will report fiscal year 2020 results on Jan 06, 2021공시 • Nov 27Egdon Resources plc Updates on Progress to First Oil at the Wressle Oil Field DevelopmentEgdon Resources plc provided an update on progress to first oil at the Wressle Oil Field Development. Wressle is located in North Lincolnshire Licences PEDL180 and PEDL182 where the Company holds a 30% operated interest. The site reconfiguration works have been completed and the installation of surface facilities is currently ongoing at the Wressle site. To date, the storage tanks and inspection gantry have been installed and work is advanced in respect of the electrical and control system installation. All works have been completed safely whilst operating under Egdon's "COVID secure" operating procedures. Delivery of all remaining equipment is expected to be completed during December, despite the many challenges posed by the impact of COVID-19 restrictions on the current supply chain operating environment. The PEDL180 and PEDL182 Joint Venture has decided to defer the workover operations and final commissioning of Wressle until January 2021, eliminating any possible operating and supply chain issues associated with the December festive period shutdown. As such, mobilisation of the workover rig will now take place immediately in the New Year, with the workover being completed and initial oil flows now anticipated during late January 2021.주주 수익률4EDDE Oil and GasDE 시장7D2.5%-6.1%0.6%1Y-36.6%57.8%0.2%전체 주주 수익률 보기수익률 대 산업: 4ED은 지난 1년 동안 57.8%의 수익을 기록한 German Oil and Gas 산업보다 저조한 성과를 냈습니다.수익률 대 시장: 4ED은 지난 1년 동안 0.2%를 기록한 German 시장보다 저조한 성과를 냈습니다.주가 변동성Is 4ED's price volatile compared to industry and market?4ED volatility4ED Average Weekly Movement5.3%Oil and Gas Industry Average Movement8.9%Market Average Movement6.1%10% most volatile stocks in DE Market13.2%10% least volatile stocks in DE Market2.7%안정적인 주가: 4ED는 지난 3개월 동안 German 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: 4ED의 주간 변동성은 지난 1년간 25%에서 5%로 감소했습니다.회사 소개설립직원 수CEO웹사이트199711Mark Anthony Abbottwww.egdon-resources.com더 보기Egdon Resources plc 기초 지표 요약Egdon Resources의 순이익과 매출은 시가총액과 어떻게 비교됩니까?4ED 기초 통계시가총액€28.90m순이익 (TTM)€2.92m매출 (TTM)€9.39m9.9x주가수익비율(P/E)3.1x주가매출비율(P/S)4ED는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표4ED 손익계산서 (TTM)매출UK£8.08m매출원가UK£1.62m총이익UK£6.46m기타 비용UK£3.95m순이익UK£2.51m최근 보고된 실적Jan 31, 2023다음 실적 발표일해당 없음주당순이익(EPS)0.0044총이익률79.91%순이익률31.06%부채/자본 비율0%4ED의 장기 실적은 어땠습니까?과거 실적 및 비교 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2023/09/17 18:09종가2023/09/14 00:00수익2023/01/31연간 수익2022/07/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Egdon Resources plc는 1명의 분석가가 다루고 있습니다. 이 중 명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Simon Oliver O'DonnellVSA Capital Limited
공시 • Sep 17Petrichor Partners LP completed the acquisition of remaining 56% stake in Egdon Resources plc (AIM:EDR ) from group of sellers and others.Petrichor Partners LP agreed to acquire remaining 56% stake in Egdon Resources plc (AIM:EDR ) from group of sellers and others for £13.7 million on May 17, 2023. Egdon shareholders will be entitled to receive 4.5 pence cash for each Egdon share. The acquisition will be effected by means of a Scheme of Arrangement. The cash consideration payable by Petrichor under the terms of the acquisition will be funded from the existing cash resources of Petrichor which are drawn and fully funded. Petrichor intends that existing employees of Egdon will continue to contribute to Egdon's ongoing success and does not intend to make any headcount reductions. Petrichor has received irrevocable undertakings, from the Egdon Directors; Mark Abbott, Kenneth Ratcliff, Philip Stephens, Walter Roberts, Timothy Davies and Martin and from Harbour Energy plc and Union Jack Oil plc, in respect of, in aggregate, 77,382,106 Egdon shares, representing approximately 14.23%. The Egdon Directors intend to recommend unanimously that scheme shareholders vote in favour of the scheme at the Court Meeting and at the Genera Meeting. The scheme is subject to Egdon shareholder’s approval, Court approval, Third Party clearances, to the applicable requirements of the Takeover Code, the Panel, the London Stock Exchange, the AIM Rules and the FCA. As of August 29, 2023, the North Sea Transition Authority condition for has been satisfied. As of September 12, 2023, at the court sanction hearing held earlier today the High Court of Justice of England & Wales issued the court order sanctioning the scheme. The acquisition is expected to become effective in the third calendar quarter of 2023. As of September 12, 2023, the scheme is expected to become effective on September 14, 2023. Andrew Raca and Evon Chan of VSA Capital provided independent financial advice to the Egdon Directors. Antonio Bossi, Chris Hardie and James Bavister of WH Ireland Limited acted as nominated adviser and Norton Rose Fulbright LLP acted as legal adviser to Egdon. Andrew Emmott and Neil Baldwin of SPARK Advisory Partners Limited acted as financial adviser and Fieldfisher LLP acted as legal adviser to Petrichor. DWF Law LLP is acting as legal adviser to SPARK in connection with the acquisition. Dwf Law Llp acted as legal advisor to Petrichor, Andrew Emmott and Neil Baldwin of SPARK Advisory Partners Limited acted as financial advisors to Petrichor. Link Group acted as registrar of Egdon. Petrichor Partners LP completed the acquisition of remaining 56% stake in Egdon Resources plc (AIM:EDR ) from group of sellers and others on September 15, 2023.
공시 • Sep 15Egdon Resources Announces Cancellation of Admission of Shares to Be on 18 September 2023On 17 May 2023, the board of Egdon Resources plc announced that they had reached agreement regarding the terms of a recommended all cash acquisition for the entire issued and to be issued ordinary share capital of Egdon (other than those shares already owned by or on behalf of Petrichor) (the "Acquisition") pursuant to a Court-sanctioned scheme of arrangement of Egdon under Part 26 of the Companies Act 2006 (the "Scheme"). The scheme document in relation to the Scheme was published on 8 June 2023 (the "Scheme Document"). The Company announced on 12 September 2023 that the High Court of Justice had sanctioned the Scheme at the Court Sanction Hearing held earlier on the same date. Egdon would like to confirm the expected remaining Scheme timetable in full: Last day of dealings in, and for registration of transfers of, Egdon Shares is 14 September 2023. Effective Date of the Scheme is 15 September 2023. Suspension of Dealings in Egdon Shares is 7:30am on 15 September 2023. Cancellation of Admission of Egdon Shares is 7:00am on 18 September 2023.
공시 • Sep 01Egdon Resources plc Announces Wressle UpdateEgdon Resources plc announced that operations to install artificial lift on the Wressle-1 well (in which Egdon has a 30% interest) have commenced. The operations began with a slickline programme where downhole pressure and temperature gradients were acquired. Slickline operations have now been completed and the ongoing work programme includes recompleting the well for installation of a downhole jet pump and installing the associated surface equipment. It is expected that these operations will last around three weeks and that production from the Wressle-1 Well is expected to be reinstated in late September. The downhole data obtained from these activities is being incorporated into the ongoing work by ERC Equipoise Ltd. and the impact of the artificial lift will be included in the independent Competent Person's Report which will be announced once this additional work is completed.
공시 • May 19Petrichor Partners LP agreed to acquire remaining 56% stake in Egdon Resources plc (AIM:EDR ) from group of sellers and others for £13.7 million.Petrichor Partners LP agreed to acquire remaining 56% stake in Egdon Resources plc (AIM:EDR ) from group of sellers and others for £13.7 million on May 17, 2023. Egdon shareholders will be entitled to receive 4.5 pence cash for each Egdon share. The acquisition will be effected by means of a Scheme of Arrangement. The cash consideration payable by Petrichor under the terms of the acquisition will be funded from the existing cash resources of Petrichor which are drawn and fully funded. Petrichor intends that existing employees of Egdon will continue to contribute to Egdon's ongoing success and does not intend to make any headcount reductions. Petrichor has received irrevocable undertakings, from the Egdon Directors; Mark Abbott, Kenneth Ratcliff, Philip Stephens, Walter Roberts, Timothy Davies and Martin and from Harbour Energy plc and Union Jack Oil plc, in respect of, in aggregate, 77,382,106 Egdon shares, representing approximately 14.23%. The Egdon Directors intend to recommend unanimously that scheme shareholders vote in favour of the scheme at the Court Meeting and at the Genera Meeting. The scheme is subject to Egdon shareholder’s approval, Court approval, Third Party clearances, to the applicable requirements of the Takeover Code, the Panel, the London Stock Exchange, the AIM Rules and the FCA. The acquisition is expected to become effective in the third calendar quarter of 2023. Andrew Raca and Evon Chan of VSA Capital provided independent financial advice to the Egdon Directors. Antonio Bossi, Chris Hardie and James Bavister of WH Ireland Limited acted as nominated adviser and Norton Rose Fulbright LLP acted as legal adviser to Egdon. Andrew Emmott and Neil Baldwin of SPARK Advisory Partners Limited acted as financial adviser and Fieldfisher LLP acted as legal adviser to Petrichor. DWF Law LLP is acting as legal adviser to SPARK in connection with the acquisition.
공시 • May 18Egdon Resources Expects to Delist from LSEThe board of directors of Egdon Resources plc announced that they have reached agreement with Petrichor Partners, LP ("Petrichor") with regard to the terms of a recommended all cash acquisition by Petrichor of the entire issued and to be issued ordinary share capital (other than those shares already owned by or on behalf of Petrichor) of Egdon (the "Acquisition"). It is expected that the last day of dealings in Egdon Shares on the London Stock Exchange's AIM market will be the Business Day immediately prior to the Effective Date and no transfers will be registered after 6.00 pm (London time) on that date. Subject to the Scheme becoming effective, Egdon will make an application to the London Stock Exchange for the cancellation of the admission to trading of the Egdon Shares on the London Stock Exchange's AIM market, to take effect on or shortly after the Effective Date. Following the Scheme becoming Effective and after the delisting and cancellation of admission to trading of the Egdon Shares, it is intended that Egdon be re-registered as a private limited company as soon as practicable following the Effective Date.
Reported Earnings • Apr 25First half 2023 earnings released: EPS: UK£0.001 (vs UK£0.002 in 1H 2022)First half 2023 results: EPS: UK£0.001 (down from UK£0.002 in 1H 2022). Revenue: UK£3.73m (up 46% from 1H 2022). Net income: UK£435.0k (down 64% from 1H 2022). Profit margin: 12% (down from 48% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 13% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 3.9%. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
공시 • Sep 17Petrichor Partners LP completed the acquisition of remaining 56% stake in Egdon Resources plc (AIM:EDR ) from group of sellers and others.Petrichor Partners LP agreed to acquire remaining 56% stake in Egdon Resources plc (AIM:EDR ) from group of sellers and others for £13.7 million on May 17, 2023. Egdon shareholders will be entitled to receive 4.5 pence cash for each Egdon share. The acquisition will be effected by means of a Scheme of Arrangement. The cash consideration payable by Petrichor under the terms of the acquisition will be funded from the existing cash resources of Petrichor which are drawn and fully funded. Petrichor intends that existing employees of Egdon will continue to contribute to Egdon's ongoing success and does not intend to make any headcount reductions. Petrichor has received irrevocable undertakings, from the Egdon Directors; Mark Abbott, Kenneth Ratcliff, Philip Stephens, Walter Roberts, Timothy Davies and Martin and from Harbour Energy plc and Union Jack Oil plc, in respect of, in aggregate, 77,382,106 Egdon shares, representing approximately 14.23%. The Egdon Directors intend to recommend unanimously that scheme shareholders vote in favour of the scheme at the Court Meeting and at the Genera Meeting. The scheme is subject to Egdon shareholder’s approval, Court approval, Third Party clearances, to the applicable requirements of the Takeover Code, the Panel, the London Stock Exchange, the AIM Rules and the FCA. As of August 29, 2023, the North Sea Transition Authority condition for has been satisfied. As of September 12, 2023, at the court sanction hearing held earlier today the High Court of Justice of England & Wales issued the court order sanctioning the scheme. The acquisition is expected to become effective in the third calendar quarter of 2023. As of September 12, 2023, the scheme is expected to become effective on September 14, 2023. Andrew Raca and Evon Chan of VSA Capital provided independent financial advice to the Egdon Directors. Antonio Bossi, Chris Hardie and James Bavister of WH Ireland Limited acted as nominated adviser and Norton Rose Fulbright LLP acted as legal adviser to Egdon. Andrew Emmott and Neil Baldwin of SPARK Advisory Partners Limited acted as financial adviser and Fieldfisher LLP acted as legal adviser to Petrichor. DWF Law LLP is acting as legal adviser to SPARK in connection with the acquisition. Dwf Law Llp acted as legal advisor to Petrichor, Andrew Emmott and Neil Baldwin of SPARK Advisory Partners Limited acted as financial advisors to Petrichor. Link Group acted as registrar of Egdon. Petrichor Partners LP completed the acquisition of remaining 56% stake in Egdon Resources plc (AIM:EDR ) from group of sellers and others on September 15, 2023.
공시 • Sep 15Egdon Resources Announces Cancellation of Admission of Shares to Be on 18 September 2023On 17 May 2023, the board of Egdon Resources plc announced that they had reached agreement regarding the terms of a recommended all cash acquisition for the entire issued and to be issued ordinary share capital of Egdon (other than those shares already owned by or on behalf of Petrichor) (the "Acquisition") pursuant to a Court-sanctioned scheme of arrangement of Egdon under Part 26 of the Companies Act 2006 (the "Scheme"). The scheme document in relation to the Scheme was published on 8 June 2023 (the "Scheme Document"). The Company announced on 12 September 2023 that the High Court of Justice had sanctioned the Scheme at the Court Sanction Hearing held earlier on the same date. Egdon would like to confirm the expected remaining Scheme timetable in full: Last day of dealings in, and for registration of transfers of, Egdon Shares is 14 September 2023. Effective Date of the Scheme is 15 September 2023. Suspension of Dealings in Egdon Shares is 7:30am on 15 September 2023. Cancellation of Admission of Egdon Shares is 7:00am on 18 September 2023.
공시 • Sep 01Egdon Resources plc Announces Wressle UpdateEgdon Resources plc announced that operations to install artificial lift on the Wressle-1 well (in which Egdon has a 30% interest) have commenced. The operations began with a slickline programme where downhole pressure and temperature gradients were acquired. Slickline operations have now been completed and the ongoing work programme includes recompleting the well for installation of a downhole jet pump and installing the associated surface equipment. It is expected that these operations will last around three weeks and that production from the Wressle-1 Well is expected to be reinstated in late September. The downhole data obtained from these activities is being incorporated into the ongoing work by ERC Equipoise Ltd. and the impact of the artificial lift will be included in the independent Competent Person's Report which will be announced once this additional work is completed.
공시 • May 19Petrichor Partners LP agreed to acquire remaining 56% stake in Egdon Resources plc (AIM:EDR ) from group of sellers and others for £13.7 million.Petrichor Partners LP agreed to acquire remaining 56% stake in Egdon Resources plc (AIM:EDR ) from group of sellers and others for £13.7 million on May 17, 2023. Egdon shareholders will be entitled to receive 4.5 pence cash for each Egdon share. The acquisition will be effected by means of a Scheme of Arrangement. The cash consideration payable by Petrichor under the terms of the acquisition will be funded from the existing cash resources of Petrichor which are drawn and fully funded. Petrichor intends that existing employees of Egdon will continue to contribute to Egdon's ongoing success and does not intend to make any headcount reductions. Petrichor has received irrevocable undertakings, from the Egdon Directors; Mark Abbott, Kenneth Ratcliff, Philip Stephens, Walter Roberts, Timothy Davies and Martin and from Harbour Energy plc and Union Jack Oil plc, in respect of, in aggregate, 77,382,106 Egdon shares, representing approximately 14.23%. The Egdon Directors intend to recommend unanimously that scheme shareholders vote in favour of the scheme at the Court Meeting and at the Genera Meeting. The scheme is subject to Egdon shareholder’s approval, Court approval, Third Party clearances, to the applicable requirements of the Takeover Code, the Panel, the London Stock Exchange, the AIM Rules and the FCA. The acquisition is expected to become effective in the third calendar quarter of 2023. Andrew Raca and Evon Chan of VSA Capital provided independent financial advice to the Egdon Directors. Antonio Bossi, Chris Hardie and James Bavister of WH Ireland Limited acted as nominated adviser and Norton Rose Fulbright LLP acted as legal adviser to Egdon. Andrew Emmott and Neil Baldwin of SPARK Advisory Partners Limited acted as financial adviser and Fieldfisher LLP acted as legal adviser to Petrichor. DWF Law LLP is acting as legal adviser to SPARK in connection with the acquisition.
공시 • May 18Egdon Resources Expects to Delist from LSEThe board of directors of Egdon Resources plc announced that they have reached agreement with Petrichor Partners, LP ("Petrichor") with regard to the terms of a recommended all cash acquisition by Petrichor of the entire issued and to be issued ordinary share capital (other than those shares already owned by or on behalf of Petrichor) of Egdon (the "Acquisition"). It is expected that the last day of dealings in Egdon Shares on the London Stock Exchange's AIM market will be the Business Day immediately prior to the Effective Date and no transfers will be registered after 6.00 pm (London time) on that date. Subject to the Scheme becoming effective, Egdon will make an application to the London Stock Exchange for the cancellation of the admission to trading of the Egdon Shares on the London Stock Exchange's AIM market, to take effect on or shortly after the Effective Date. Following the Scheme becoming Effective and after the delisting and cancellation of admission to trading of the Egdon Shares, it is intended that Egdon be re-registered as a private limited company as soon as practicable following the Effective Date.
Reported Earnings • Apr 25First half 2023 earnings released: EPS: UK£0.001 (vs UK£0.002 in 1H 2022)First half 2023 results: EPS: UK£0.001 (down from UK£0.002 in 1H 2022). Revenue: UK£3.73m (up 46% from 1H 2022). Net income: UK£435.0k (down 64% from 1H 2022). Profit margin: 12% (down from 48% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 13% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 3.9%. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Apr 25First half 2023 earnings released: EPS: UK£0.001 (vs UK£0.002 in 1H 2022)First half 2023 results: EPS: UK£0.001 (down from UK£0.002 in 1H 2022). Revenue: UK£3.73m (up 46% from 1H 2022). Net income: UK£435.0k (down 64% from 1H 2022). Profit margin: 12% (down from 48% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 13% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in Germany are expected to grow by 3.9%. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
공시 • Dec 21Egdon Resources plc (AIM:EDR) signed a conditional agreement to acquire Aurora Production (Uk) Limited from Aurora Petroleum Limited.Egdon Resources plc (AIM:EDR) signed a conditional agreement to acquire Aurora Production (Uk) Limited from Aurora Petroleum Limited on December 20, 2022. Aurora Production holds an 18.75% interest in the Edgon operated licence PL090 which contains the Waddock Cross oil field and an 8.33% interest in the IGas operated licence PEDL070 which contains the Avington oil field. The consideration for this acquisition will be the assumption by Egdon of all ongoing liabilities on these licences, including all abandonment liabilities. However, as part of the transaction Egdon shall receive a cash sum from the Vendor of £0.288 million which reflects the current estimates in relation to these liabilities. Aurora Production will at the completion of the transaction grant Net Profit Interests to the Vendor of 10% on each of the licence interests which, in the event that profitable production is established, will result in the Vendor being reimbursed the sum it gave Egdon to cover the abandonment liabilities for such licence. WH Ireland Limited and VSA Capital Limited acted financial advisor to Egdon Resources plc.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Non-Executive Chairman Philip Henry Stephens was the last independent director to join the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 09Full year 2022 earnings released: EPS: UK£0.006 (vs UK£0.005 loss in FY 2021)Full year 2022 results: EPS: UK£0.006 (up from UK£0.005 loss in FY 2021). Revenue: UK£6.91m (up UK£5.82m from FY 2021). Net income: UK£3.30m (up UK£4.98m from FY 2021). Profit margin: 48% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
공시 • Nov 09Egdon Resources plc Announces Production Guidance for the Year 2022-23Egdon Resources plc announced production guidance for the full financial year 2022-23 is 225 boepd-245 boepd.
공시 • Oct 18Egdon Resources plc to Report Q1, 2023 Results on Nov 08, 2022Egdon Resources plc announced that they will report Q1, 2023 results on Nov 08, 2022
공시 • Aug 09Egdon Resources PLC Announces Submission of North Kelsey Planning AppealEgdon Resources PLC announced the submission of an appeal against the refusal by Lincolnshire County Council in March 2022 of an extension of time to the existing planning permission for the drilling and testing of a conventional exploration well at the North Kelsey site in PEDL241. Egdon holds a 50% interest and is operator of PEDL241. The appeal documentation has been submitted to the Planning Inspectorate (PINS) and the appeal will now be validated by PINS before an inspector is appointed and a timetable defined. The expectation is that the appeal will be decided under the Written Representation Procedure, a process where PINS will consider written evidence from the appellant, the local planning authority and other interested parties.
공시 • May 31Egdon Resources plc Announces Approval of Wressle Field Development PlanEgdon Resources plc approved the Field Development Plan for the Wressle oil field in North Lincolnshire, held under licences PEDL180 and PEDL182. The NSTA has also approved the Licences entering their production phase, which will continue through to 2039.
Board Change • Apr 28Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Non-Executive Chairman Philip Henry Stephens was the last independent director to join the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공시 • Apr 27Egdon Resources plc Provides Production Guidance for the Second Half of 2022 and Full Financial Year 2021-22Egdon Resources plc Provided Production Guidance for the second half of 2022 and Full financial Year 2021-22. For the second half, company expects a production of 275-285 boepd.Production guidance for the full financial year 2021-22 is 240 boepd.
공시 • Apr 22Egdon Resources plc to Report First Half, 2022 Results on Apr 26, 2022Egdon Resources plc announced that they will report first half, 2022 results on Apr 26, 2022
공시 • Jan 20Egdon Resources plc announces Results of the Analysis of the Downhole Hole Pressure Data Acquired in the Wressle-1 WellEgdon Resources plc provided a summary of the results of the analysis of the downhole hole pressure data acquired in the Wressle-1 well during December 2021. The interpretation was carried out by ERCE, an independent energy consultancy, on behalf of the Wressle joint venture partners. Egdon holds a 30% interest and is operator of the field. The results demonstrate the significant potential of the Wressle-1 well and the production rates that could be achieved once the surface facilities are optimised and a gas utilisation scheme is in place. Based on the current reservoir pressure and a flowing tubing head pressure of 400 pounds per square inch gauge, ERCE estimates that a rate of 1,216 barrels of oil per day would be achievable, whilst maintaining a flowing bottom hole pressure above the oil saturation pressure. At 300 psig flowing tubing head pressure, ERCE estimates the well could flow at a rate of 1,543 bopd whilst at the oil bubble point. ERCE estimates a reservoir permeability of 80 millidarcies, and the analysis also confirmed the effectiveness of the proppant squeeze in reducing the skin factor from 107 to 0.2. (The skin factor is an estimate of the impairment to flow within the reservoir caused during drilling, completion or the original testing operations.).
Reported Earnings • Nov 04Full year 2021 earnings released: UK£0.005 loss per share (vs UK£0.015 loss in FY 2020)Full year 2021 results: Net loss: UK£1.68m (loss narrowed 65% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 51% per year, which means it is performing significantly worse than earnings.
Breakeven Date Change • Oct 27Forecast to breakeven in 2022The analyst covering Egdon Resources expects the company to break even for the first time. New forecast suggests the company will make a profit of UK£900.0k in 2022. Average annual earnings growth of 129% is required to achieve expected profit on schedule.
공시 • Aug 26Egdon Resources plc Provides Wressle Operational Update; Well Achieves Production Target of 500 bopdEgdon Resources plc provided an update on operations at its Wressle Oil Field Development ("Wressle") located in North Lincolnshire, covered by Licences PEDL180 and PEDL182 and where the Company holds a 30% operated interest. Egdon is pleased to advise that the coiled tubing operation has been completed safely and successfully and the Ashover Grit reservoir has been returned to flow, under extended well testing operations. The well flow is continuing to clean-up and has not yet reached its full potential. The measured flow rates have exceeded 500 barrels of oil per day under a restricted choke setting, which was the forecast rate following the proppant squeeze operation. Company will provide a further update once stabilised flow rates are established in the coming weeks.
공시 • Jul 01Egdon Resources plc has completed a Follow-on Equity Offering in the amount of £1.44035 million.Egdon Resources plc has completed a Follow-on Equity Offering in the amount of £1.44035 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 115,228,000 Price\Range: £0.0125 Transaction Features: Subsequent Direct Listing
공시 • Jun 30Egdon Resources plc Provides an Update on the Planned Proppant Squeeze Operation At Its Wressle Oil Field DevelopmentEgdon Resources plc provides an update on the planned proppant squeeze operation at its Wressle Oil Field Development located in North Lincolnshire, covered by Licences PEDL180 and PEDL182 where the Company holds a 30% operated interest. Egdon has been advised by its contractor, Schlumberger Oilfield UK Plc, that the proppant squeeze operations at Wressle have been pushed back by two to four weeks. The revised date is due to the contractor's equipment being held on a job over-run in continental Europe. This is compounded by tighter import legislation and visa requirements which are beyond Egdon, and the contractor's control. The contractor has provided assurance to Egdon that its amended timeline will be adhered to. The Wressle-1 well was drilled in 2014 and tested in 2015. The Wressle-1 well has flowed oil and gas from three separate reservoirs, the Ashover Grit, the Wingfield Flags and the Penistone Flags. This totalled 710 barrels of oil equivalent per day from all zones. In September 2016 a Competent Person's Report made independent estimates of Reserves and Contingent and Prospective oil and gas Resources for the Wressle discovery of 2.15 million stock tank barrels classified as discovered (2P+2C).
공시 • May 27Egdon Resources plc Receives Consent from North Lincolnshire Council for the Storage of Crude Oil Under the PlanningEgdon Resources plc advised that it has received consent from North Lincolnshire Council for the storage of crude oil under the Planning (Hazardous Substances) Regulations 1992 at its Wressle Oil Field Development ("Wressle") located in North Lincolnshire, covered by Licences PEDL180 and PEDL182 where the Company holds a 30% operated interest. This consent allows full use of the installed oil storage capacity at the site of approximately 2000 barrels and will enable the full production to be realised following from the proppant squeeze, which is expected to increase overall production to 500 barrels of oil per day (150 barrels net to Egdon).
공시 • May 19Egdon Resources plc Announces Received All Necessary Consents for the Commencement of the Proppant Squeeze Operation at the Wressle Oil Field Development Located in North Lincolnshire Licences PEDL180 and PEDL182Egdon Resources plc announced that it has received all necessary consents for the commencement of the proppant squeeze operation at the Wressle Oil Field Development located in North Lincolnshire Licences PEDL180 and PEDL182 where the Company holds a 30% operated interest. The proppant squeeze operation is expected to optimise oil production from the Ashover Grit reservoir, one of the three productive reservoirs tested, to a constrained gross rate of 500 barrels of oil per day (150 bopd net to Egdon). The operation is expected to be completed and optimum oil production achieved during June 2021. The Wressle-1 well has been on 24 hour test production since late January with produced oil transported by road tanker to the Phillips 66 Humber refinery and sold under Egdon's existing oil sales contract. Production rates have continued to increase and have exceeded expectations with high quality free flowing oil being produced and no water present. All data confirms the independent prediction that over 500 bopd will be achievable following the proppant squeeze. The well will continue operating on test production until the proppant squeeze operation is undertaken.
공시 • Apr 28Egdon Resources plc Provides Production Guidance for the Full Year 2021Egdon Resources plc provided production guidance for the full year 2021. The company production guidance for the full year of 110 boepd -130 boepd compared to 145 boepd a year ago.
공시 • Feb 06Egdon Resources plc, Annual General Meeting, Feb 05, 2021Egdon Resources plc, Annual General Meeting, Feb 05, 2021, at 11:30 Coordinated Universal Time.
공시 • Feb 02Egdon Resources plc Provides an Update on Operations At the Wressle Oil Field DevelopmentEgdon Resources plc provided an update on operations at the Wressle Oil Field Development ('Wressle') located in North Lincolnshire Licences PEDL180 and PEDL182 where the Company holds a 30% operated interest. Operations to recomplete the well and reperforate the Ashover Grit reservoir interval have been completed safely and successfully as per the previously advised schedule. Following the reperforation and its successful communication with the Ashover Grit reservoir interval free-flow of oil has commenced and the well has been placed on continuous 24 hour test production. The well is currently in the normal clean-up phase as the well is carefully brought on-stream. The Company will provide a further detailed update when flow rates have stabilised on completion of clean-up. Produced oil from Wressle will be transported by road tanker to the Phillips 66 Humber refinery and sold under Egdon's existing oil sales contract.
Analyst Estimate Surprise Post Earnings • Jan 18Revenue misses expectationsRevenue missed analyst estimates by 50%. Over the next year, revenue is forecast to grow 182%, compared to a 13% growth forecast for the Oil and Gas industry in Germany.
Reported Earnings • Jan 15Full year 2020 earnings released: UK£0.015 loss per shareFull year 2020 results: Net loss: UK£4.75m (loss widened 177% from FY 2019).
Analyst Estimate Surprise Post Earnings • Jan 15Revenue misses expectationsRevenue missed analyst estimates by 50%. Over the next year, revenue is forecast to grow 182%, compared to a 13% growth forecast for the Oil and Gas industry in Germany.
공시 • Jan 12Egdon Resources plc Announces Wressle Operations UpdateEgdon Resources plc provided an update on progress to first oil at the Wressle Oil Field Development. Wressle is located in North Lincolnshire Licences PEDL180 and PEDL182 where the Company holds a 30% operated interest. Egdon can report that the workover rig and associated services and equipment were successfully mobilised to site during the week commencing 4 January 2021 and that operations to recomplete and reperforate the well have commenced. Operations are expected to be completed to enable the Ashover Grit reservoir to be flowed prior to the end of January 2021 as previously advised. The Ashover Grit reservoir is expected to produce at a constrained rate of 500 barrels of oil per day ("bopd") increasing Egdon's production by 150 bopd when fully on stream.
공시 • Jan 08Egdon Resources plc announced that it expects to receive £1.051035 million in funding from Petrichor Partners Delaware, Llc, Jalapeno CorporationEgdon Resources plc (AIM:EDR) announced that it has entered into an subscription agreement to issue convertible loan note for gross proceeds of £1,051,035 on January 6, 2021. The transaction will include participation from Petrichor Partners Delaware, Llc, and Jalapeno Corporation. The note will be convertible into maximum of 69,684,386 shares and maximum of 3,549,020 shares at a conversion price of £1.55 per notes following the issue of the convertible loan notes. The conversion is subject to the holders exercising their option to convert the amount outstanding into conversion shares during the 12 months following the issue of the notes, which can be redeemed by the company 12 months following their issue. The transaction will be subject to approval from shareholders at the general meeting to be held on January 22, 2021.
Reported Earnings • Jan 07Full year 2020 earnings released: UK£0.015 loss per shareFull year 2020 results: Net loss: UK£4.75m (loss widened 177% from FY 2019).
Analyst Estimate Surprise Post Earnings • Jan 07Revenue misses expectationsRevenue missed analyst estimates by 50%. Over the next year, revenue is forecast to grow 322%, compared to a 14% growth forecast for the Oil and Gas industry in Germany.
공시 • Jan 06Egdon Resources plc, Annual General Meeting, Jan 22, 2021Egdon Resources plc, Annual General Meeting, Jan 22, 2021, at 10:00 Coordinated Universal Time. Location: The Wheat House, 98 High Street Odiham Hampshire United Kingdom
공시 • Jan 05Egdon Resources plc to Report Fiscal Year 2020 Results on Jan 06, 2021Egdon Resources plc announced that they will report fiscal year 2020 results on Jan 06, 2021
공시 • Nov 27Egdon Resources plc Updates on Progress to First Oil at the Wressle Oil Field DevelopmentEgdon Resources plc provided an update on progress to first oil at the Wressle Oil Field Development. Wressle is located in North Lincolnshire Licences PEDL180 and PEDL182 where the Company holds a 30% operated interest. The site reconfiguration works have been completed and the installation of surface facilities is currently ongoing at the Wressle site. To date, the storage tanks and inspection gantry have been installed and work is advanced in respect of the electrical and control system installation. All works have been completed safely whilst operating under Egdon's "COVID secure" operating procedures. Delivery of all remaining equipment is expected to be completed during December, despite the many challenges posed by the impact of COVID-19 restrictions on the current supply chain operating environment. The PEDL180 and PEDL182 Joint Venture has decided to defer the workover operations and final commissioning of Wressle until January 2021, eliminating any possible operating and supply chain issues associated with the December festive period shutdown. As such, mobilisation of the workover rig will now take place immediately in the New Year, with the workover being completed and initial oil flows now anticipated during late January 2021.
