Egdon has announced results for FY16 and a £3m placing with Heyco International at 13.5p/share. A £2m open offer has also been announced on the same terms as the Heyco placing. Proceeds are to be used to: 1) progress 14th Licensing Round evaluations; 2) progress the ‘A’ prospect to drillable status; 3) invest in producing assets and conventional exploration; and 4) invest in new opportunities. Egdon’s balance sheet strength and growing unconventional gas position
01 Nov 2016
Growing unconventional resource base
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Growing unconventional resource base
- Published:
01 Nov 2016 -
Author:
Sanjeev Bahl -
Pages:
2
Egdon has announced results for FY16 and a £3m placing with Heyco International at 13.5p/share. A £2m open offer has also been announced on the same terms as the Heyco placing. Proceeds are to be used to: 1) progress 14th Licensing Round evaluations; 2) progress the ‘A’ prospect to drillable status; 3) invest in producing assets and conventional exploration; and 4) invest in new opportunities. Egdon’s balance sheet strength and growing unconventional gas position