Egdon Resources (EDR)# has reported H1 2016 results with revenues increasing 15% YoY to £1.05m (H1 2015: £0.91m). This was broadly in line with our expectations of £1.1m and achieved despite the significant reduction in oil and gas prices. This led to a loss per share of 0.9p vs a loss of 0.8p per share in H1 2015, which was mainly due to non-cash items including accounting for the revaluing of Ceres accruals, pre-licence costs and impairments at Waddock Cross. Operationally
