Updates

Energean - Gain to date: 170%

October 2022

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.

The shares soared above £14 after Energean reported a robust operational performance and fast tracked commencement of a maiden quarterly dividend of 30 US cents (costing US$50m), around three months ahead of schedule. This is expected to rise to 60 cents a quarter as production from its flagship Karish gas field in Israel, where first gas is expected “within weeks,” ramps up. Net debt was US$2.2bn.Interim results showed revenues of US$339m, EBITDAX (i.e. EBITDA profit less exploration costs) of US$198m and production of 35,400 barrels oil equivalent per day. Full year guidance is for 34-37,000 barrels (ex Israel) changed from previous 35-40,000. Israel (i.e. Karish) is expected contribute between 15-25,000 in Q4 this year.EN ...

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Lords

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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: 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 - Gain to date: 170%

October 2022

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