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Energean

November 2023

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.

“Operational challenges” during the pre and post commissioning ramp up phase at the flagship Karish field saw Energean reduce full year guidance from 125-140Mboe / day to 125 Mboe / day. H1 production came in at c. 106 Mboe / day. Management has indicated these issues are now resolved and in terms of outlook it’s encouraging to see new developments: Katlan (final investment decision by FY’23) and Orion-1 (a high impact exploration well in Q4 ‘23). The Q2 dividend was confirmed and it’s on track to deliver its transformational near-term targets of 200,000 boepd, US$2.5 billion revenues, a monumental US$1.75 billion EBITDA before exploration costs and leverage dropping to 1.5x in H2 ‘24. Annual dividends are expected to soar ...

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Lords

On the Beach - Full year profit “at the top end of the range”

Energean (April 2024)

Energean (January 2024)

Energean - War fears leave shares on incredible soon-to-be prospective PE of 2.7 (December 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 hit new high of 846p (June 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)

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Energean

November 2023

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