Egdon Resources (EDR LN) has announced robust interim results with production in H1 FY 2018 up 4% YoY to 98boepd. Revenues were, however, broadly unchanged at £0.51m versus H1 FY 2017. Total cost of sales increased from £646k to £845k although this was offset in part by an increase in Other Operating Income meaning that the loss for the period widened only modestly YoY from £734k to £845k. EDR continues to be debt free and has maintained a strong balance sheet wi

23 Apr 2018
Interim Results

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Interim Results
- Published:
23 Apr 2018 -
Author:
Oliver O’Donnell -
Pages:
13 -
Egdon Resources (EDR LN) has announced robust interim results with production in H1 FY 2018 up 4% YoY to 98boepd. Revenues were, however, broadly unchanged at £0.51m versus H1 FY 2017. Total cost of sales increased from £646k to £845k although this was offset in part by an increase in Other Operating Income meaning that the loss for the period widened only modestly YoY from £734k to £845k. EDR continues to be debt free and has maintained a strong balance sheet wi