Egdon Resources (EDR) reported H1 2015 results below our expectations, with a combination of weak hydrocarbon prices and a lower production rate (-24% YoY) leading to reduced revenues. This led to a loss per share of 0.8p vs a loss of 0.3p/share in H2 2014.

24 Apr 2015
A Balanced Conventional & Shale Portfolio


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A Balanced Conventional & Shale Portfolio
Egdon Resources PLC (EDR:LON) | 4.0 0 0.0% | Mkt Cap: 21.0m
- Published:
24 Apr 2015 -
Author:
VSA Research Team -
Pages:
8 -
Egdon Resources (EDR) reported H1 2015 results below our expectations, with a combination of weak hydrocarbon prices and a lower production rate (-24% YoY) leading to reduced revenues. This led to a loss per share of 0.8p vs a loss of 0.3p/share in H2 2014.