Australian (ASX) Stock Market Forum

EDE - Eden Innovations

Jump to new
Re: EDE - Eden Energy

jbocker said:
Offer seems to suck! Am I being too harsh? Looks like others are getting a decent bite at the pie (and we dont know who) and us plebs are offerred 1 for 10 (11c) with an option 20c maturing 2014. 20+% of Untaken given to the largest shareholder as priority.

I will still be taking them, all the same.
Click to expand...
Same here: and Ms M seems to be underwhelmed.

If I still hold on the ex date, I'll increase my position also by 10%, but I may flog my 100% before that.
EDE n 13-04-11.gif
 
Re: EDE - Eden Energy

Who manages the share registry for Eden Energy... I can't seem to find them in the Link Market Services, ComputerShare or Registries stock list. And I was given the run-around by Registries who told me Advance ??? manages them. :banghead:
 
Re: EDE - Eden Energy

In a trading halt, reopening on the 31st, may just boost my position in the ASF competition:), but then again... may drop me down the ladder somewhat.
EDE have some interesting developments, I wonder which development this halt may be related to. Any ideas, Hythane, nanofibres or coal seam?
I will pick news on nanofibres.
 
Re: EDE - Eden Energy

jbocker said:
In a trading halt... Any ideas, Hythane, nanofibres or coal seam?
I will pick news on nanofibres.
Click to expand...
Eden Energy (ASX: EDE) has been granted a trading halt by the ASX pending an announcement of 'the results of independent expert reports on Eden's UK shale gas and coal bed methane portfolios.'

Eden's shares are now in pre-open.

The report is to be lodged prior to the commencement of trading on Tuesday 31 May 2011.

A recent publically released report by the UK Government following a parliamentary inquiry, supported the on-going shale gas drilling within the UK.

Eden holds, in joint venture (or in the case of three licences is acquiring), up to a 50% interest in the coalbed methane and natural gas targets, together with a 50% interest in the shale gas measures on 17 Petroleum Exploration and Development licences in South Wales, Bristol/Somerset and Kent.

The licenses cover an area of almost 1,800 square kilometres.

Source: http://www.proactiveinvestors.com.a...dent-expert-report-on-uk-portfolio-16634.html
 
Re: EDE - Eden Energy

It sounds like some test drilling on Eden's gas tenements may occur before too long. Results of that drilling could generate some interest.

Meanwhile, Coastal Oil and Gas has secured planning permission to test drill at the old St John’s Colliery in Maesteg and is due to submit an application to test drill at Llandow Industrial Estate in the Vale of Glamorgan.

Read More http://www.walesonline.co.uk/news/w...on-claims-in-us-91466-28859593/#ixzz1P2yOg57K
Click to expand...
 
Re: EDE - Eden Energy

I am surprised at the lack of discussion about EDE's recent announcement. 13 TCF (6.4 TCF is EDE's share) of recoverable P90 gas is a huge asset if it comes to fruition - the Gorgon project in WA has an estimate of 40 TCF, in comparison. Test drilling results will be interesting. There is lots of opposition, as it is shale gas requiring fracking, but there is lots of support due to the potential for jobs in Wales. The announcement has caused many news articles in Welsh papers, largely due to the controversy of fracking.

If the gas reserves are validated through test drilling and regulatory hurdles are overcome... oh my. In the first half of 2010, 35 TCF of shale gas resource changed hands in the US, for a cost of $21B, or $600M per TCF (article).

Holding, DYOR.
 
Re: EDE - Eden Energy

I am with you on this one Mad Mel! I like this company because it has 3 good potential sources of future upside growth that are independent of each other. It is one of the alternative energy companies I am glad to be taking a punt on.
 
Re: EDE - Eden Energy

EDE represents a "bet both ways". It is in a position to take advantage of the Australian and overseas governments actions on climate change and it also has plenty of other avenues of interest that rely on simple economics through fuel efficiency and new technologies that should be great earners.

Hythane is a good example of a foot in all camps. Effecient fuel usage, less poluting and new technology. Then there is the carbon fibre technology, a foot in all three camps again. Add geothermal and coal seam gas to the equation and there is no reason why EDE is not a stock of interest.

It is interesting how the many interests of EDE are now starting to link together as supporting industries. :2twocents

This stock should at least be on everyones watch list.
 
Re: EDE - Eden Energy

Good story out from EDE on the progress of their hydrogen pyrolysis plant. It looks as if they will be producing carbon nano tubes in the near future and that alone should make the company cash positive.

Unfortunately the market has taken another 10% off the shares since the announcement!!. Hate to think what would have happened if it had been bad news!

Any other thoughts on EDE's future ?

http://newsstore.fairfax.com.au/app...theage.com.au/apps/qt/quote.ac?code=ede&f=pdf
 
Re: EDE - Eden Energy

basilio said:
Any other thoughts on EDE's future ?
Click to expand...

Always seems to over promise and under-deliver, which isn't good in this market, and not good for those holding from much higher levels.

At these prices possible worth a very speccy punt/pure gamble, but they have had numerous, various projects in the pipeline and never been able to capitalise fully on any of them.
 
Re: EDE - Eden Energy

On Edens future, any thoughts specifically on the spin-out of UK Coal Seam Methane / Shale gas interest to a new company float.
I see that current holders will be offered 'prioritory entitlement'. Great but do current EDE shareholders get a discount in situations like this? They are already holders of the asset and thought they would at least be given some shares, or even pay for three get four or whatever.
Is a 'prioritory entitlement' that good an offer in the current market?
 
Re: EDE - Eden Energy

Well that announcement does not impress. Last price 7.8c, Offer goes out to professional and sophisticated investors at 6.4c.
Hip.. Hip..
 
Re: EDE - Eden Energy

Something is happening with EDE. Significant jump in turnover today and SP up 33%.

Last report looked quite hopeful.

Pixel that was a great find. Fascinating and well worth seeing. Thanks
 
Re: EDE - Eden Energy

basilio said:
Something is happening with EDE. Significant jump in turnover today and SP up 33%.

Last report looked quite hopeful.

Pixel that was a great find. Fascinating and well worth seeing. Thanks
Click to expand...

no probs, basilio :)
I hope you got set in time. I was hesitant last Friday, but helped take out today's 1.5 offers.

EDE w 22-01-13.gif
 
Re: EDE - Eden Energy

So the big jump is today,

Up 100% with 21 mill shares T/O . Could be more to go couldn't there ?

xugger !1 I didn't jump in. :)
 

Similar threads

JohnDe
Electricity investments
Replies
8
Views
483
Smurf1976
Smurf1976
ducati916
February 2025
2
Replies
29
Views
2K
ducati916
ducati916
ducati916
August 2024 DDD
2 3 4
Replies
75
Views
19K
ducati916
ducati916
ducati916
January 2025 DDD
5 6 7
Replies
126
Views
8K
ducati916
ducati916
ducati916
April 2024 DDD
3 4 5
Replies
98
Views
9K
ducati916
ducati916
Top