The next catalysts for EDR include the second tranche of results for the 14th UK Onshore Licensing Round and any associated licence awards, as well as results from the drilling of the Biscathorpe and Laughton exploration prospects in H2 2015, targeting 15mboe of gross resources. Risks to our valuation include the potential for disappointing drilling results and farm-out delays.


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First Results from the UK Shale Race
- Published:
19 Aug 2015 -
Author:
VSA Research Team -
Pages:
10 -
The next catalysts for EDR include the second tranche of results for the 14th UK Onshore Licensing Round and any associated licence awards, as well as results from the drilling of the Biscathorpe and Laughton exploration prospects in H2 2015, targeting 15mboe of gross resources. Risks to our valuation include the potential for disappointing drilling results and farm-out delays.