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Enegi Oil Share Chat (ENEG)



Share Price: 4.625Bid: 4.50Ask: 4.75Change: 0.00 (0.00%)No Movement on Enegi Oil
Spread: 0.25Spread as %: 5.56%Open: 4.625High: 4.625Low: 4.625Yesterday’s Close: 4.625



Share Discussion for Enegi Oil (ENEG)


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dutchgold
Posts: 4,749
Observation
Opinion:No Opinion
Price:9.00
Mrtea
4 Sep '12
Minty is a fool if he thinks this will happen....
They caused riots getting Corribb sorted and you think they will allow some small fry destroy the countryside.
 
MrTea
Posts: 864
Off Topic
Opinion:No Opinion
Price:9.00
From Proactive
4 Sep '12
ENEGI Oil (LON:ENEG) has told investors that it has hired Fugro Robertson to independently assess its potential shale resources in the Clare basin, onshore Ireland.

This comes as ENEGI received ‘extremely encouraging’ findings from its initial assessment of the project.

It said that total carbon analysis confirmed that the shale is a ‘rich source rock’ and it has an abundance of preserved organic matter. Separate analysis has also indicated that the shale is less mature than previously documented, and ENEGI says this enhances the potential for gas at depth.

"The latest results strengthen our belief in the potential of the Clare Basin,” chief executive Alan Minty said.

“We look forward to the results from Fugro, which will not only shape our plans for the area, but also give us an indication of the magnitude of resources that we could potentially book in future."

Fugro will carry out further testing on ENEGI’s behalf to get a fuller understanding of the shale prospectivity in the region. And it will prepare an estimate of the project’s in-place resources.

It is expected that the Fugro report will be submitted before the end of November.
MrTea
Posts: 864
Off Topic
Opinion:No Opinion
Price:9.00
Bit of movement
4 Sep '12
Good to see the SP rise but a long way to go to get to the level it should be.
inrhubarb
Posts: 78
Off Topic
Opinion:No Opinion
Price:8.25
rns soon ..last update on ghs
3 Sep '12
Alan Minty, CEO of Enegi, commented:

"Since 2008 we have worked hard to increase the Company's resources and are delighted that the latest test results confirm that the connected oil in place associated with Garden Hill South is in excess of those stated in Enegi's CPR. We expect such efforts to be borne out in the next CPR due in the coming months. We believe that the latest results, the presence of a live petroleum system, and the size of the Green Point Shale justify further development activity in our acreage.

In addition, the results to date not only indicate that the Well is economic and would meet all the Company's current working requirements, but also that there is scope for improvement. Although further testing is required to confirm the extent of improvement, it is now beyond dispute that our Canadian assets have significant potential and value."
inrhubarb
Posts: 78
Observation
Opinion:Strong Buy
Price:8.88
Off iii
16 Aug '12
The SHP price is no indicator or an issue for us, as the funding and drill costs do not effect us one bit . The fact is this is excellent news for Enegi . In the fact that they are drilling EL1070 and have permission to frack and they are doing it next .It means the sdl for that block is back in play and closer than i thought it might be.

It means SHP are intent on proving up El1070 before they then move onto the other acerage and drill two further wells . So the sooner they get El1070 proved up and stimulated then the sooner they will get more funds/ farm ins to assist with the next two drills, it is their GHS basically and the catalyst to their success. The key is the permission to frack and the fact they are not moving the rig to drill either of the other wells, which i thought may have occured if the frack issue dragged on. This news in my opinion should have greater benefit to Enegi's share price than Shp , because we have no cost just the promise of a large farm in deal for the SDL golden ticket. We did see a bump in our own SP this afternoon and that is because this news trickled through . SHP are basically completely fund our golden ticket pass to a multi million dollar farm in agreement for a free drill into an area proported to contain the 'big oil' and thats the lower rights . Good bit of news , well i think so anyway
inrhubarb
Posts: 78
Observation
Opinion:No Opinion
Price:8.88
Spe
16 Aug '12
Shoal Point Announces Plans to Drill and Stimulate a Sidetrack on Well 3K-39 and Plans for 2 Additional Wells in 2013  

     
YingTong
Posts: 18
Observation
Opinion:No Opinion
Price:8.88
SPE
16 Aug '12
I don't think an RNS detailing SPEs permits would be helpful. I think that would look diversionary. It's a GHS update needed.
inrhubarb
Posts: 78
Observation
Opinion:Strong Buy
Price:8.75
Shoal point
16 Aug '12
Might get an RNS soon ..... SPE just put an RNS out about starting to drill EL1070 etc
inrhubarb
Posts: 78
Observation
Opinion:No Opinion
Price:8.38
RNS soon
15 Aug '12
Further updates will follow as the programme is executed. Alan Minty, CEO of Enegi, commented:
“Since 2008 we have worked hard to increase the Company’s resources and are delighted that the latest test results confirm that the connected oil in place associated with Garden Hill South is in excess of those stated in Enegi’s CPR. We expect such efforts to be borne out in the next CPR due in the coming months. We believe that the latest results, the presence of a live petroleum system, and the size of the Green Point Shale justify further development activity in our acreage.
In addition, the results to date not only indicate that the Well is economic and would meet all the Company’s current working requirements, but also that there is scope for improvement. Although further testing is required to confirm the extent of improvement, it is now beyond dispute that our Canadian assets have significant potential and value.”
Enegi Oil
Alan Minty, CEO David Parry, Director
Tel: + 44 161 817 7460 Tel: + 1 604 568 0733
YingTong
Posts: 18
Off Topic
Opinion:No Opinion
Price:8.38
Overdone
13 Aug '12
Or dead cat.

I think the drop was overdone. Though I missed the lows I did pick up a Dec Spread at an average of 8.33.

On the plus side GHS is the near term asset and hopefully we will know one way or the other in a couple of months. Lots of positive signs there, but there is the constant lack of updates which makes me a bit nervous.

The relinquished parts of the licence really had had no development undertaken and were therefore a bit "blue sky".

Certainly seems to be buyers back after the initial over-reaction. Fingers crossed it stabilises 9-10 until proper news.



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