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Enegi Oil Share Chat (ENEG)



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mannnan
Posts: 41,105
Premium Chat Member
Opinion:No Opinion
Price:0.48
admin
30 Oct '15
NUOG ...share chat ,not working.sort it out please
mannnan
Posts: 41,105
Premium Chat Member
Opinion:No Opinion
Price:0.63
.
20 Oct '15
• Enegi Oil (LON:ENEG) – And?: Today's news is welcome, but the clock is now ticking and the new CEO need not be afraid of sweeping changes, as the Company has stalled. There is a good portfolio of projects, but now is the time to focus on delivery of a few, rather than increasing the project volume, as project value is derived from cash flow, not just holding them on your books.
knicol46
Posts: 16,930
Opinion:No Opinion
Price:0.65
changes ahead
20 Oct '15
Company changing their name to Nu-Oil & Gas Plc

Reducing the nominal value to be able to issue more shares

Looking at raising up to £1.8m if resolutions at GM passed

Cash as at 31 Dec 2014 £17k

GM 26 October 2015, 1030am in Manchester
mannnan
Posts: 41,105
Premium Chat Member
Opinion:No Opinion
Price:0.63
very strange
20 Oct '15
at the same time all the trade .....20/10/2015 08:49 65,000 @ 0.595
20/10/2015 08:25 5,933 @ 0.555
20/10/2015 08:19 10,000 @ 0.595
20/10/2015 08:17 25,000 @ 0.595 ISDX too
mannnan
Posts: 41,105
Premium Chat Member
Opinion:No Opinion
Price:0.58
what change
20 Oct '15
20 October 2015

Enegi Oil Plc
("Enegi" or "the Company")

Enegi, the independent oil and gas company, is pleased to announce that Dr. Nigel Burton (57), who has over 25 years' experience of the energy and utilities industries, has been appointed as Chief Executive Officer and a Director of the Company with immediate effect.

Nigel's experience includes operational and financial management, debt and equity financing, acquisition and integration of businesses, disposals, IPOs and trade sales. This will be highly beneficial as the Company pursues its strategy to build a portfolio of field or royalty interests in global oil and gas projects where it feels it can deliver a significant cost transformation through the application of new technical solutions.

Following over 14 years as an Investment Banker at leading City institutions including UBS Warburg and Deutsche Bank, including as the Managing Director responsible for the energy and utilities industries, Nigel spent 15 years as CFO of a number of private and public companies, including Navig8 Product Tankers Inc, PetroSaudi Oil Services Limited, Advanced Power AG, and Granby Oil and Gas plc, a UK based E&P company which was admitted to AIM in 2005 and subsequently sold in 2008.

Nigel is a Chartered Electrical Engineer (FIET) and a Past President of the IET. He gained a B.Sc. (First Class Hons) in Electrical and Electronic Engineering and a Ph.D in Acoustic Imaging at University College London.

Following Dr Burton's appointment as Chief Executive Officer of Enegi, Alan Minty will remain on the Board of Enegi in the role of Executive Chairman.

Commenting on his appointment Nigel said:
"This is an exciting time to be joining Enegi as it focuses on developing a portfolio of field and royalty interests in fields which it believes it can effect a significant cost transformation through the application of flexible and cost-effective solutions. Having worked with the team for several months and watched how the MFD Consortium has been created, I believe that Enegi is well positioned to take advantage of the growing number of real opportunities in this field."

Commenting on the appointment of Dr Burton to the Board, Enegi's Chairman, Alan Minty said:
"We are delighted that Nigel has agreed to join the Company as the new Chief Executive Officer of Enegi. Nigel brings extensive experience in the financing of projects in the energy and utilities industries which will be key to the commercial implementation of our strategy. Nigel will replace me in the role of Chief Executive Officer but I will continue to work with the Company in an executive capacity as Chairman, where I will concentrate on strategy and supporting the process of acquiring projects, an initiative I have worked hard to develop for many years. I am pleased to welcome Nigel to our Board and look forward to working with him to further advance the Company."

Save as
inrhubarb
Posts: 407
Opinion:No Opinion
Price:0.58
Changes
20 Oct '15
What changes ??
knicol46
Posts: 16,930
Opinion:No Opinion
Price:0.58
are shareholders aware of the
20 Oct '15
changes coming
mannnan
Posts: 41,105
Premium Chat Member
Opinion:No Opinion
Price:0.58
.
20 Oct '15
Enegi Oil Plc is an independent oil and gas company whose strategy is to build a diverse portfolio of assets with a strong emphasis on acquiring interests in marginal fields. These marginal fields are low risk highly-appraised projects and consequently the Company's entry cost will be low. Enegi will look to develop these assets utilising ABT Oil and Gas's buoyant solutions, which are appropriate and change the development economics of a project. This is also expected to enable the early booking of reserves.
mannnan
Posts: 41,105
Premium Chat Member
Opinion:No Opinion
Price:0.58
rns
20 Oct '15
20 October 2015

Enegi Oil Plc

("Enegi" or "the Company")

Enegi, the independent oil and gas company, is pleased to announce that Dr. Nigel Burton (57), who has over 25 years' experience of the energy and utilities industries, has been appointed as Chief Executive Officer and a Director of the Company with immediate effect.

Nigel's experience includes operational and financial management, debt and equity financing, acquisition and integration of businesses, disposals, IPOs and trade sales. This will be highly beneficial as the Company pursues its strategy to build a portfolio of field or royalty interests in global oil and gas projects where it feels it can deliver a significant cost transformation through the application of new technical solutions.

Following over 14 years as an Investment Banker at leading City institutions including UBS Warburg and Deutsche Bank, including as the Managing Director responsible for the energy and utilities industries, Nigel spent 15 years as CFO of a number of private and public companies, including Navig8 Product Tankers Inc, PetroSaudi Oil Services Limited, Advanced Power AG, and Granby Oil and Gas plc, a UK based E&P company which was admitted to AIM in 2005 and subsequently sold in 2008.

Nigel is a Chartered Electrical Engineer (FIET) and a Past President of the IET. He gained a B.Sc. (First Class Hons) in Electrical and Electronic Engineering and a Ph.D in Acoustic Imaging at University College London.

Following Dr Burton's appointment as Chief Executive Officer of Enegi, Alan Minty will remain on the Board of Enegi in the role of Executive Chairman.

Commenting on his appointment Nigel said:

"This is an exciting time to be joining Enegi as it focuses on developing a portfolio of field and royalty interests in fields which it believes it can effect a significant cost transformation through the application of flexible and cost-effective solutions. Having worked with the team for several months and watched how the MFD Consortium has been created, I believe that Enegi is well positioned to take advantage of the growing number of real opportunities in this field."

Commenting on the appointment of Dr Burton to the Board, Enegi's Chairman, Alan Minty said:

"We are delighted that Nigel has agreed to join the Company as the new Chief Executive Officer of Enegi. Nigel brings extensive experience in the financing of projects in the energy and utilities industries which will be key to the commercial implementation of our strategy. Nigel will replace me in the role of Chief Executive Officer but I will continue to work with the Company in an executive capacity as Chairman, where I will concentrate on strategy and supporting the process of acquiring projects, an initiative I have worked hard to develop for many years. I am pleased to welcome Nigel to our Board and look forward to working with him to furthe
mannnan
Posts: 41,105
Premium Chat Member
Opinion:No Opinion
Price:0.63
isdx volumes
16 Oct '15
16/10/2015 13:50 100,000 @ 0.628
16/10/2015 10:49 16,737 @ 0.605
16/10/2015 09:00 2,229 @ 0.628
mannnan
Posts: 41,105
Premium Chat Member
Opinion:No Opinion
Price:0.63
oil
15 Oct '15
The Barclays strategists argued that with prices at their current historic low levels, energy companies won’t be sufficiently encouraged to continue to produce oil, because they are at risk of losing money.

Additionally, capital expenditures in the oil industry have been rapidly declining in response to the price slump. That suggests supply from existing fields will fall, while new projects won’t come online to replace them.

“With capex expected to fall by 20% globally in 2015 and a further 5-10% in 2016, the stage is set for a supply crunch,” the Barclays analysts said. “After some excess stocks are used up in 2016 and 2017, we believe the price appreciation seen thereafter is likely to be permanent.”

Barclays sees Brent prices rising to $63 a barrel in 2016, $65 in 2017, $74 in 2018 and $83 in 2019, before reaching $85 in 2020.

“What happens to oil-market balances after 2016 depends critically on three main wild cards: a slowing China’s impact on oil demand, the return of Iranian oil and the rate of mature-field decline. Although the first two are potentially negative, we think that an acceleration in decline rates will prove to be the dominant factor driving prices,” the bank’s team said.
mannnan
Posts: 41,105
Premium Chat Member
Opinion:No Opinion
Price:0.63
1
14 Oct '15
buy .
mannnan
Posts: 41,105
Premium Chat Member
Opinion:Strong Buy
Price:0.63
Find North Sea winners
12 Oct '15
A report suggests the UK oil and gas industry is facing its biggest challenge in five decades thanks to a steep decline in exploration activity. Despite £14.4 billion worth of capital investment last year the Oil & Gas UK Activity Survey 2014, published by Oil & Gas UK, the sector’s industry association, just 15 exploration wells were drilled in the UK Continental Shelf (UKCS), down from 44 in 2008. The last three years as a whole has seen the lowest rate of activity in the history of the North Sea as an oil province. The report also indicates capital expenditure could fall to £13 billion in 2014 and decline to just £7 billion by 2016 if drilling for new prospects does not pick up.
This dwindling exploration effort coupled with rising costs suggests the estimated six to nine billion barrels still beneath British waters may never be recovered, even though greater Government support for North Sea operators is expected in the wake of Ian Wood’s review of the industry published in February. Innovative solutions are also likely to be required and we reckon Enegi Oil’s (ENEG:AIM) buoy technology – which offers a low-cost way of developing smaller fields – could be in demand. We also believe Parkmead’s (PMG:AIM) production hub and merger and acquisition(M&A)-led strategy will pay off to the benefit of shareholders.
mannnan
Posts: 41,105
Premium Chat Member
Opinion:No Opinion
Price:0.63
.
12 Oct '15
mannnan
Posts: 41,105
Premium Chat Member
Opinion:No Opinion
Price:0.63
oil
12 Oct '15
Oil prices around the world can expect recovery and continued stabilization in 2016, according to the leader of the Organization of the Petroleum Exporting Countries (OPEC), Reuters reported. Secretary General Abdalla Salem El-Badri said Sunday that investors can be optimistic about the oil industry's future in the coming months.
mannnan
Posts: 41,105
Premium Chat Member
Opinion:No Opinion
Price:0.63
.
12 Oct '15
North Sea contractual marriages spelled out
mannnan
Posts: 41,105
Premium Chat Member
Opinion:Strong Buy
Price:0.63
eneg
9 Oct '15
LONDON (Alliance News) - Enegi Oil PLC Friday said the engineering of the self-installing floating tower solution for the Fyne field had "considerably advanced" and reiterated the importance and potential of the marginal field initiative in Scotland.
"The marginal field initiative offers a huge opportunity for the development and growth of the company" said Enegi Chairman Alan Minty.
Enegi said "significant" work has been undertaken on the floating tower, including topsides design and engineering, structural and foundation design, installation methodologies and operating philosophies.
The self-installing floating tower "is a valuable solution for Fyne and confirmed our belief in the solution as part of the broader marginal field initiative," said Minty.
"On a strategic level, the marginal field initiative provides a way for the company to differentiate itself from other organisations and build...significant income streams and asset value" he added.
"The political environment is clearly aligning in recognition of the importance of maximising oil and gas from marginal fields. The new [UK continental shelf regulator] plans for a new bill to enhance the UK's energy independence and security, including the maximisation of North Sea resources," added Minty.
The company is also considering whether there is merit in undertaking a restructure to acquire the remaining shareholding in ABT Oil and Gas Ltd, which offers buoyant solutions to Fyne field. ABT Oil and Gas is Enegi's joint venture with ABTechnology.
The company has been working on a number of projects to maximise the benefits of the marginal field initiative, which are expected to be announced in the coming months.
"It is clear to us that the future of Enegi should be directed towards the development of these low risk, high value, marginal fields" said Minty.
- See more at: http://www.morningstar.co.uk/uk/news/AN_1409315489394847000/enegi-oil-sees-marginal-field-initiative-as-future-for-north-sea.aspx#sthash.6gEg0XuB.dpuf
mannnan
Posts: 41,105
Premium Chat Member
Opinion:No Opinion
Price:0.65
isdx buy
9 Oct '15
09/10/2015 10:20 30,000 @ 0.685
09/10/2015 09:20 100,000 @ 0.643
09/10/2015 09:12 75,000 @ 0.637
09/10/2015 09:06 50,000 @ 0.643
mannnan
Posts: 41,105
Premium Chat Member
Opinion:No Opinion
Price:0.65
eneg
9 Oct '15
will blow soon
mannnan
Posts: 41,105
Premium Chat Member
Opinion:No Opinion
Price:0.65
interest growing
9 Oct '15
0.69 to buy
mannnan
Posts: 41,105
Premium Chat Member
Opinion:No Opinion
Price:0.63
.
8 Oct '15
Alan Minty, Chairman of Enegi Oil Plc LON:ENEG recently commented: “After what has been a long and often frustrating journey, Enegi is now strongly positioned to take forward and considerably benefit from its investment in ABTOG and the creation of the Consortium. We believe that all the key elements are now in place and expect to add new projects to the portfolio which the Consortium has the ability to economically develop, delivering excellent returns on time and on budget. We look forward to working with all our partners taking this venture forward and delivering on the model and strategy that we have outlined.”
mannnan
Posts: 41,105
Premium Chat Member
Opinion:No Opinion
Price:0.63
Conclusion
8 Oct '15
The MFDC is a genuine example of companies collaborating today to address cost efficiency challenges. By utilising the full range of skills and capabilities from each member of the MFDC, with a firm commitment to the guiding principles which are fundamental requirements if we are to develop small accumulations, collectively MFDC can maximise the return from each project for the Government, operator and consortium alike.
With ABTOG’s proven, appropriate technology and collaborating with specialists to address the cost-efficiency challenge, MFDC can secure the resources contained within marginal fields in the UKCS and furthermore, by exporting goods and services worldwide as basins continue to mature, help to provide a future for the UK oil and gas industry.
mannnan
Posts: 41,105
Premium Chat Member
Opinion:No Opinion
Price:0.63
Benefits of MFDC
8 Oct '15
MFDC provides licensees a consistent group of specialists with experience working on multiple projects with a singular approach. This delivers significant benefits including:
Access to ‘best in class’ solutions
Significant economies of scale in engineering, design, fabrication and operation, as well as standardisation of approach
Class leading experts with intimate knowledge of marginal field project using these solutions
Project and operational risk management excellence
Proven relationships with government and regulatory bodies
Highest standards of safety and environmental management

The objective of the MFDC is to transform the value of marginal field assets which are considered of little value because the resources cannot be economically recovered by conventional methods. Through the application of its solutions and services, these assets can be unlocked and the true value of the resources can be recovered.
By combining the experience that MFDC delivers with fully appraised oilfields reduces the risk profile and ensures that those risks that remain are fully characterised and appropriately managed. Ultimately, the Consortium provides licensees with confidence in delivery that provides assurance to both shareholders and investors.




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