Egdon Resources' preliminary results for the year ended 31 July 2021 announced today were consistent with our expectations. Production amounted to 90 boe/d (87 boe/d WHIe), revenue amounted to £1.09m (£0.94m WHIe) with a reported loss of £1.80m (-£2.2m WHIe). Cash at the period-end amounted to £1.96m (£1.10m WHIe). The company provided forward looking guidance for the current year of 240 boe/d – for now, we retain our 233 boe/d forecast and will revisit our assumptions based on operational perfo ....
03 Nov 2021
Egdon Resources (EDR) - Preliminary results – Consistent with expectations
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Egdon Resources (EDR) - Preliminary results – Consistent with expectations
- Published:
03 Nov 2021 -
Author:
Brendan Long -
Pages:
5
Egdon Resources' preliminary results for the year ended 31 July 2021 announced today were consistent with our expectations. Production amounted to 90 boe/d (87 boe/d WHIe), revenue amounted to £1.09m (£0.94m WHIe) with a reported loss of £1.80m (-£2.2m WHIe). Cash at the period-end amounted to £1.96m (£1.10m WHIe). The company provided forward looking guidance for the current year of 240 boe/d – for now, we retain our 233 boe/d forecast and will revisit our assumptions based on operational perfo ....