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Enegi Oil Share Chat (ENEG)



Share Price: 5.625Bid: 5.50Ask: 5.75Change: -0.25 (-4.26%)Faller - Enegi Oil
Spread: 0.25Spread as %: 4.55%Open: 5.875High: 5.875Low: 5.625Yesterday’s Close: 5.875


Share Discussion for Enegi Oil (ENEG)


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jange
Posts: 24,519
Off Topic
Opinion:No Opinion
Price:11.38
eneg
13 Jun '12
Enegi Oil, an independent oil and gas company, has revealed that the latest results from the PaP#1-ST#3 well at Garden Hill South, Newfoundland, indicate that it is in contact with at least 61.5m barrels of stock tank oil initially in place (stoiip) and 117 British cubic feet (bcf) gas initially in place (giip). Absolute open hole flow potential is expected to rise from 310 barrels of oil per day (boepd) and additional equipment has been purchased to enable the well to flow at higher rates. The company is also currently reviewing the market for the application of buoy technology and making enquiries as to the appetite of other North Sea operators to adopt the technology on currently licensed assets. In case other assets are pursued, the firm has upped its limit of the equity line facility from £7.5m to £25m.
 
chavvinon
Posts: 1,668
Off Topic
Opinion:No Opinion
Price:10.88
ENEG
13 Jun '12
Well that was a fairly good rns, gave a good round up of what to expect for the rest of the year, as pointed out by first-cnr ,no updated flow rates as of yet but that was to be expected as there is no storage on site yet for a higher flow rate, so we wait a wee while longer, meantime the target price creeps ever closer, nae far noo.

chavin on.
Lottie72
Posts: 12
Answer
Opinion:No Opinion
Price:10.75
Upwards now
13 Jun '12
Trades a sea of blue after initial decrease this sp is on its way up.
first-cnr
Posts: 12,089
Off Topic
Opinion:No Opinion
Price:12.00
enegi
13 Jun '12
trades way under the bid
Lottie72
Posts: 12
Research
Opinion:Strong Buy
Price:12.00
dlogighigighigighilogighigighigighi
13 Jun '12
Looking like a fantastic day!
Results to date indicate the PaP#1-ST#3 well ("the Well") is in contact with at least 61.5 million barrels of Stock Tank Oil Initially In Place ("STOIIP") and 117 BCF Gas Initially In Place ("GIIP").
The Company has regulatory approvals for a defined seismic programme covering the Garden Hill Central and Garden Hill North structures.
The Company continues to review the extent of the Green Point Shale over its onshore lease, PL2002-01, and offshore licence, EL1116.
The work programme currently being undertaken by SPE will result in an application for an SDL over EL1070, allowing the Company more time to pursue development of the conventional Shoal Point lead.
first-cnr
Posts: 12,089
Off Topic
Opinion:No Opinion
Price:12.00
rns
13 Jun '12
i was expected test flow results. Nothing new on that. looks like a further delay. they even didn t said when we will get news, just mentioned short, imo it was better say within 2 or 3week or within 2 or 3 days
Lottie72
Posts: 12
Research
Opinion:Strong Buy
Price:11.25
news at last!
13 Jun '12
The link to update is: http://www.enegioil.com/news/corporate-releases It's looking great to me...onwards and upwards. Any comments from you chaps? We needed this.
RandyRangard
Posts: 7,075
Observation
Opinion:No Opinion
Price:11.50
all
12 Jun '12
the 11.33's are in fact buys
RandyRangard
Posts: 7,075
Observation
Opinion:No Opinion
Price:11.50
Mr tea
12 Jun '12
being palyed cautious just now. I think people are truly just waiting sub 10p now. The quicker they just bring it their the quicker we can move on.
MrTea
Posts: 858
Question
Opinion:No Opinion
Price:12.00
Surprise Rise
11 Jun '12
News on the way or is this just part of a larger rebound on AIM?



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