Last 2.38 GBp
Change Today 0.00 / 0.00%
Volume 55.5K
As of 11:05 AM 10/21/14 All times are local (Market data is delayed by at least 15 minutes).

enegi oil plc (ENEG) Snapshot

Open
2.38 GBp
Previous Close
2.38 GBp
Day High
2.38 GBp
Day Low
2.38 GBp
52 Week High
02/17/14 - 10.13 GBp
52 Week Low
10/1/14 - 2.38 GBp
Market Cap
4.4M
Average Volume 10 Days
549.3K
EPS TTM
-0.02 GBp
Shares Outstanding
184.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for ENEGI OIL PLC (ENEG)

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enegi oil plc (ENEG) Details

Enegi Oil Plc, an independent oil and gas company, is engaged in the identification, development, and operation of hydrocarbon assets primarily in Atlantic Canada, Western Ireland, the North Sea, and Jordan. The company holds 100% interests in an onshore petroleum lease, PL2002-01(A) covering 4,500 acres; and 2 offshore exploration licenses, EL1070 comprising 254,608 acres and EL1116 covering 523,815 acres located in the Port au Port Peninsula, western Newfoundland. It also holds 100% interests in an onshore petroleum licensing option, ON11/1 covering 122,317 acres located in the in the Clare Basin, Western Ireland; and in Block 22/12b covering an area of 42,007 acres, and Block 3/23a comprising an area of approximately 25,205 acres located in the North Sea, the United Kingdom. The company was incorporated in 2007 and is headquartered in Manchester, the United Kingdom.

10 Employees
Last Reported Date: 12/19/13
Founded in 2007

enegi oil plc (ENEG) Top Compensated Officers

Executive Chairman and Chief Executive Office...
Total Annual Compensation: 178.0K GBP
Chief Financial Officer and Director
Total Annual Compensation: 110.0K GBP
Company Secretary and Executive Director
Total Annual Compensation: 15.0K GBP
Compensation as of Fiscal Year 2013.

enegi oil plc (ENEG) Key Developments

Enegi Oil plc Provides Updates on Phoenix Discovery

Enegi Oil Plc provides the update on Block 22/12b, containing the Phoenix Discovery in the Central North Sea. In 2010 the previous operator, Apache, drilled the 22/12a-12 appraisal well. Under the well release guidelines the results of the well remained confidential for four years. In August 2014 the details of this well including the associated logs and reports were made available. The information contained in the well data has confirmed that the oil bearing sands at Phoenix are contained within a simple and relatively low risk fo ur way dip closed structure and the advanced technical work carried out by license partner, Azinor Petroleum Ltd, has successfully characterized and isolated these oil bearing sands from their surroundings. Using the new information, the subsurface model has been updated, revealing that the base case STOIIP for Phoenix is likely to be in excess of 16MMBO. This provides further confidence to the company's view, as previously announced on 3 July 2014, that Phoenix is a suitable candidate for development as part of the company's marginal field initiative. The 22/12a-12y side-track penetrated the reservoir outside of the Phoenix structure and, although it did not encounter hydrocarbons, the additional data obtained has added confidence and robustness to the depth model and pre-existing knowledge of the reservoir. The company considers that the Phoenix project is now ready to move ahead to the next stage and that there is limited necessity for further appraisal activity.

Enegi Provides Update on Block 22/12b in Central North Sea

Enegi provided the following update on Block 22/12b in the Central North Sea which contains the Phoenix Discovery. The work programme, pursuant to the terms of the Farm-in agreement entered into with Azimuth Limited, is nearing completion. The results to date are very encouraging, as seismic and local well studies are able to resolve and prove the presence of oil bearing Forties reservoir around the previously drilled 22/12a-10 exploration well. This means the target has effectively been de-risked, with minimum case reserves being identified within a four-way dip-closed depth structure. The Partners' efforts are now focused upon resolving the volume of oil contained by the stratigraphic closure in the surrounding area.

Enegi Announces Board Changes

Enegi, announced the following Board Changes. Professor Mike Bowman has been appointed to the Board as a Non-Executive Director. Mike has over 30 years' experience in the field of development and production geology. For most of his career, he was employed with BP, where his final position was Vice President of Geoscience and Subsurface. He is now Professor of Development and Production Geology at the University of Manchester; in addition, he is an advisor to Dana Petroleum, Sonardyne PLC and First Reserve Investment Bank. Alex Lamb, Chairman of BEL Valves has resigned as a Non-Executive Director having been appointed to the Board when Enegi was listed on the AIM.

 

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ENEG

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Valuation ENEG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 37.0x
Price/Book 0.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales 42.8x
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