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Does anyone know why the price is appreciating now ? I don't see any news or catalyst for this...
I think a ME peace deal will provide the spur for this to move higher. Dividend update due soon too. Undervalued.
I am a fan. Bought more today. Also been in char for too many years but think the combination in the new license is perfect for both companies. Hopefully good progress aoon, in the meantime will continue to take the 10% div yield. Lets hope the company doubles the div as promissed later in the year!
#CHAR CEO confirms there’ll be exploration drilling of the Rissana license area offshore Morocco (CHAR 37.5%, ENOG 37.5%, ONHYM 25%) in 2024. See the latest proactive video with the CEO for confirmation (1.30)
With ENOG aiming to be the largest independent gas producer in the geo political region, it is totally aligned with CHAR and its shareholders. And unlike a major or a super the time to make decisions and act upon them is much shorter. Make no bones about it; if we had partnered with a major or super, we would not be seeing operations commencing at anywhere near the pace that we are and will be seeing. Expect ENOG to really go after all Moroccan offshore areas. They want to go big and they want to go big quickly, and that’s what ONYHM also want.
Everything is totally aligned here for very fast and scaleable progress.
BTW Auctus adds 641p to the SP for the derisking of the Rissana prospective resources.
Current SP is under 10p!
Irrespective of the excellent results and the hysteria surrounding fossil fuels, this will really motor once things have calmed in the Middle East. Meanwhile I’ve topped up on weakness & will enjoy the growth & dividends. GLA
With that update, baffling reaction.
Its in the calendar section of the Energean website as 18th January 2024
Wouldn't bank on that, they have only gone by last year.
Trading update 18th January according to LSE.
Ditto.
Are we due a TU soon?
Need something to stop this daily slide again.
Dividend received today in AJB account backdated to 29th Dec.
I spoke to them and the excuse was due to new year the cheque is clearing and will be paid this week.
I guess if you're reinvesting it's 10% cheaper than 29th.
This really needs the middle East conflict to resolve to start moving again.
Still not got mine & it's 9th January today with payment day supposedly on 29th December. I'm also with AJB. Is there an issue here? Will contact AJB if not in account by close of play tomorrow (10th Jan).
Not got mine either AJB.
They're normally very prompt.
Yet to receive mine either (ii) although mine is set to 'reinvest' so I won't have the chance to hold it in my hands, speaking metaphorically of course :)
Received mine today.
Got you, explains it. Thanks.
Dividend in dollars usually get delayed a day or two. Thats been my experience.
Haven't got mine. I'm with HL.
Anyone received it yet?
I'm with AJB and nothing yet.
Iran-backed militias in Iraq claim to have targeted Israeli gas rig in Mediterranean
https://www.timesofisrael.com/liveblog_entry/iran-backed-militias-in-iraq-claim-to-have-targeted-israeli-gas-rig-in-mediterranean/
Https://finance.yahoo.com/news/intrinsic-calculation-energean-plc-lon-063309201.html
Last I checked we are on course for a 12% dividend in 2024 although this may have changed with the geopolitical upheaval in the ME and with the investment / farm-in news. Things move very quickly though, just this past week the oil price has rallied nearly 8% on the deteriorating situation in the Red Sea, somewhat zealous headlines pushed by Middle Eastern media outlets to spur on the price of oil (no doubt there are vested interests) and welcome relief for the oil producers who were just a month earlier contemplating sub-$70/bbl prices.
So the loan was converted to shares at 838 and then sokd by Kerogen for 938?
Should these 2 RNS have released the other way round?
Matthews Riggs, CEO of Energean, highlighted the importance of this development for the company’s growth as a leading independent gas exploration and production entity.
“This is a significant step in our further development as an independent and leading gas exploration and production company. These assets are particularly attractive to us, because we understand the core geological, commercial, and political issues that drive the region, we have proven success in developing substantial gas sources intended for local markets, and there is an adjustment and complement to the portfolio here our existing and supply potential to additional markets,” he said.