image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

SIGN UP NOW
Updates

Energean - Shares hit new high of 846p

June 2019

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • ENOG
  • Price:
  • 800p
The strong run up in the shares preceded Energean’s drilling offshore Israel, which came up trumps and it duly confirmed a significant new discovery at Karish North, sending the shares to a new high of 844p.Management said the well successfully encountered gas in the main sands and guidance is for a discovery of 1.0-1.5 TCF (trillion cubic feet) gas in place, which could equate to recoverable resources of 875 BCF (billion cubic feet). Karish North should be commercialized via a tie-back to the Energean Power FPSO platform, which will be located 4.5 km from the Karish North well.Following further evaluation the rig will return to drilling the three Karish Main development wells.Considering we only highlighted t ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

Energean (April 2024)
Energean (January 2024)
Energean - War fears leave shares on incredible soon-to-be prospective PE of 2.7 (December 2023)
Energean (November 2023)
Energean - Increased 2P reserves by 20% (May 2023)
Energean - First gas at Karish to increase production nearly six-fold to over 200,000 boepd (December 2022)
Energean - Gain to date: 170% (October 2022)
Energean - Gain to date: 46% (July 2022)
Energean - Shares hit new high of 1279p (May 2022)
Energean - Gas focused producer eyes c.180,000 boepd by FY’23, dropping PE to just 3.3! (December 2021)
Energean - Gas focused e&p firm to increase production from 3,300 to 167,000 boepd (February 2021)
Energean (November 2019)
Energean - Shares approaching £10 (August 2019)
Energean - Shares have gained 49% (May 2019)
Energean - Shares near highs after gas agreement (February 2019)
Energean (January 2019)
Energean - Shares hit new high (November 2018)
Energean - Oil & Gas firm to grow production 20-fold by 2021 (August 2018)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X