Updates

Energean

November 2023

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“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 (November 2024)

Energean - Gas producer forecast to return a cumulative 3-year dividend yield of 66% (August 2024)

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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