Enegi Oil Plc is an independent oil and gas group operating in Atlantic Canada and Ireland.
Enegi Oil Price and Volume
Previous Close: 8.625p* (real time prices at ADVFN) Previous Range:8.50 - 8.75* Previous Volume:1031938 shares (up on average)* Trading:below the 50 day M.A. (9.6499) & below the 200 day M.A. (11.1857)*
they never said how much or how often, you are implying its a fair bit and regular, its just as likely it next to nothing and intermittent, with the well being shut in the majority of the time. over the last two years ghs has had let down after let down, wheres the proof this cycle is about to change, my view that the well isn't performing is no different to yours that it is performing, neither has any proof, except mine is based on two years of history and yours is based on optimism.
No need for a proper chat as there really isn't anything to chat about, youre optimistic, a year or two ago I was where you are now. constant let downs and failures have changed my view here
What makes a chat in person 'proper' anyhow?
HeyHey, maybe we will meet in real life one day and we can have a proper chat about this.
The last RNS stated that they were selling oil, are you saying the Company Enegi Oil and its BOD are lying?
kh your full of sh t, everyone should be allowed their opinion, so what if Lod has done a u turn, he isn't moving the sp, the fact enegi cant get the well to flow after several years is the reason the sp is dropping do gooder tell-tales like you are the real problem By heyhey_1
WazBlue, its for the reason that you mention that I am gathering all his posts and going to report him.
He has admitted to it on this BB. Also this is the same reason I seem a little harsh at times, but put it this way if you found this guy in the bar with his hand in your wallet you would go mental, I just try to protect my investment.
The next few months promises significant activity with work programmes across all aspects of the Companys portfolio which are designed to further prove up the potential that the management team believe and have shown is inherent across its portfolio.
The Company is in the best position it has ever been, a position from which the Board expects to deliver significant value as the Company progresses each of its projects. 2013 could prove to be a very significant year for Enegi.
Final ratification of the PSA, following the recent Cabinet approval, is expected from Parliament of the Hashemite Kingdom of Jordan shortly
That the value attributable to the Company is spread across our portfolio that we require further production from new projects in order to balance our portfolio and it reinforces my own, and managements belief, that the Company is significantly undervalued.
The Company has established primary objectives to be achieved by the management team over the next 18 months which include addition of at least one additional production asset;
increase further contingent and prospective resources; leverage high working interests to expand the portfolio undertake detailed analysis of existing geotechnical data in UKCS,
establish the Dead Sea reserve position and submit a seismic and drilling programme to the NRA in Jordan achieve sustainable production and prove up additional resources in the adjacent licence areas in western Newfoundland and strengthen and broaden management team.
Performance so far after two months?
16 months to go. I am making no judgment yet as its still early days, but I would think an update within a short space of time now on one of the projects is due.
I am in a shaky financial state at present and for your to be apparently chuffed that you have pushed the sp down does not sit well with me.
Your admission that you are here to make money, not friends sums it up. I'm sure most decent people would rather do both.
Good bye. By WazBlue
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Enegi are currently testing the GHS well to see if a pump is needed, or can achieve decent flow without one. Surely todays reported transaction means normal closed period rules are not applicable, as they would be privy to flowrates / pump needed. Could anyone with more knowledge of the closed period rules help me out .
No not ISA'ble. Lots of news flow to come here. I've held for a few months now and what I like is they have a number of assets in their portfolio which could ignite the SP but I would regard this as long term rather than a short term punt.
Possibly the short term catalyst is confirmation of consistent production and quantity at GHS but news could come on any of the other assets.
As mentioned in the year end update Enegi said it was looking at "bringing in additional production". Is there a clue in the last rns heading "western"? What are the chances of a swap of a percentage of Eneg western licenses, for a slice of a production from elsewhere in Newfoundland ?
What a good day here. Following up from yesterdays excellent RNS with a strong performance and strong finish today.
Production has restarted at GHF with flow rates to follow
CPR 'best case' prospective resources of 51.02 mmbo at St. George's Bay prospect
Not to mention the shale gas prospects in Clare Basin Ireland or the tie up in Jordan or the Phoenix block in North Sea etc etc all for £13MC.
at 12m Enegi has a good balance of low to high risk reward in it's portfolio split across a wide stabilsed geographical remit. the missing link was the production and now finally this looks well on its way. 50m barrels of oil in NF and ENEG hold it all.
Yep there's not always a lot of logic in the market reggie. BPC potentially have a huge asset but, as you say, too much politics and incompetent politics at that!
I like this share though and happy to see how it all unfolds. :-)
Its a funny game. You have BPC valued at over 50m with their assets that might not even be allowed to drill and yet ENEG is valued at 12m? Production looking good to balance the other assets that have huge potential- in the North Sea , Jordan and Ireland.
St George’s Bay prospect - the CPR comes up with best case’ prospective resources of 51.02mbo which is a VERY sizeable prospect for a company with a current MC £12m!
Production has restarted at GHF without artificial lift and oil sales made - flow test results to follow and installation of pump should increase production further.