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Energean - Shares hit new high

November 2018

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.

There’s little “new” news to report in Energean’s half year results, following our write up last August. As expected it posted revenues of US$26.3m (2017: US$26.8m) and pretax profit of US$82.1m (2017: loss US$4.4m). This came through a 50% increase in average daily production to 3,801 boepd and a 33% rise in oil prices achieved to US$57.7m. There was an impressive reduction in cost per barrel of 26% to US$19.4.Guidance for the full year has narrowed from 4-4,500 boepd to 4-4,250 boepd from its Prinos fields in Greece, but is then expected to increase to c.11,000 boepd by 2021 through low risk development. But the company itself expects to hit a massive 80,000 boepd by end 2021, fed mainly by the development ...

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Energean (November 2019)

Energean - Shares approaching £10 (August 2019)

Energean - Shares hit new high of 846p (June 2019)

Energean - Shares have gained 49% (May 2019)

Energean - Shares near highs after gas agreement (February 2019)

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Energean - Oil & Gas firm to grow production 20-fold by 2021 (August 2018)

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Energean - Shares hit new high

November 2018

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