Updates

Energean

November 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.

Half year results for Energean showed adjusted cash profit before exploration (EBITDAX) rising 41% to US$23.6m on sales up 52% to US$40m with production up 3% to 3,920 barrels oil equivalent per day. For the full year guidance is for 3,400-3,3600 barrels.The original growth story is that Energean has legacy production assets in Greece and gas fields at Karish and Tanin in Israel, which could exponentially increase production and the latter are still on track for first gas in Q1 2021. The recent Karish North discovery and other upcoming drilling opportunities could also add a further 10 trillion cubic feet gas to reserves and resources.But even this opportunity in Israel has been overshadowed by the huge US$750m upfront acquis ...

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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 - 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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