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

26 Apr 2016
VSA Morning Flow Test

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VSA Morning Flow Test
- Published:
26 Apr 2016 -
Author:
VSA Research Team -
Pages:
4 -
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