Operational update: catalysts on the horizon
Egdon’s operational update issued this morning highlights several conventional and unconventional catalysts expected over the next 12 months. Our Egdon valuation remains at 21.5p/share risked conventional value with 26.0p/share for indicative unconventional upside potential; see our note published 17 July 2017 for further details.Egdon Resources is an onshore U.K. focused oil and gas exploration and production business. As of Jul 31 2017, Co. had net proven plus probable oil reserves of 0.6 million barrels and net proven plus probable gas reserves of 1.18 billion cubic feet.
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