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This is in a free fall now.. 2p is on the cards :(
http://www.thesundaytimes.co.uk/sto/business/Industry/article1461425.ece Sums up Alan Minty and Co IMO _ using Enegi Oil as a lifestyle Co. Having been invested here now for 5yrs all I have to show is a massive loss, one false hope after another while AM and Co live the good life - Great article in The Times warning others of the perils of inesting in these types of Co's.
Can't help feeling this is being adversely affected by uncertainty over the Scottish referendum. No doubt legislative stuff regarding the North Sea must to all intents and purposes be on hold until we know the result.
Apologies, just noticed your post. I think it's an avoid as it's just a long list of missed opportunities and timelines. Minty has yet to bring any project to conclusion. Much better BOD's / Companies out there.. All imo
Why do you think it's an avoid?
I seriously think this is an avoid...
Thought you were already in?
http://www.investegate.co.uk/enegi-oil-plc--eneg-/rns/chairman-s-update/201408290700203005Q/
More dribble, 170p to 4p and they say good progress has been made in the last few months. ok lets look at the last 3 or 6 month chart shall we?......
I thought 8p was a poor deal to raise funds at and expected us to rise from there as pockets were lined. How I and many others no doubt would bail out at that now. No news, it seems we really never had any news, just false hopes. 10k and over 70% down - hurting soo much now. Well I think after 4 yrs now I have given up. Set me free enegi I would rather blow it on a holiday now as opposed to dreams and false dawns.
SP depressed because nothing seems to be happening. I have a hunch that the scottish referendum may not be helping because two of ENEG's interests in Fyne and Phoenix are both in potentially Scottish waters. So maybe we need to get the referendum out the way to kick start progress again? The silence from BSE though is deafening.
Not looked into ENEG for a very long time and are shocked to see such a low share price. I think I sold out around 16p and had high hopes for this back then. Really feel for anyone who is still holding and hope it turns around for you. If any of the long termers could point me to whats gone wrong it would be appreciated.
Directors talk
www.***************** ..
http://www.*****************/enegi-oil-plc-exploit-marginal-oil-fields-using-abtechnology-marginal-fields-offer-great-opportunities/ gla..
a small pump to spin off more shares shortly? these guys are the pits and deserve to be incarcerated for their woeful and dismal performance to date. I don't read this board often as this lot really infuriate me (eneg) but I see even Intoo is now having doubts, a reflection indeed of the missing years of an eneg investor!
Into, you among many are questioning their investment with Enegi. I cannot understand the silence, the lack of updates on NF is staggering. I hope a rabbit will be pulled from the hat but I just don't know where any increase in SP is going to come from. I invested in here believing in the NF story, in a well that just needed a workover and here we are now no further forward and a good 3-4 years older and much poorer! I'm well p'd off!
your not the only one i have this one to blown my brains on this one dont no if its worth an average down
So I see. :) No sadly I didn't but well done indeed mate!
Still holding here after 5 years, but getting concerned its all been a scam to pay wages for five years, news is sparse bse seems to be BS and marginal fields years away from delivery and may all collapse due to economics. I hope I have not been victim of another aim scam!
+134% one day guys gla...
pity if you didn't follow me into aey
New study published today confirms significant opportunity from marginal field development ABT Oil and Gas have commissioned a detailed study into marginal field development within the UKCS using innovative low cost solutions. The final report, published today on Oil Voice, confirms both the huge scale of the opportunity and significant benefits for the company, partners, investors and the broader economy. Highlights include: Estimated 1.2 billion boe total recoverable from discovered undeveloped marginal fields in UKCS, yielding a potential post-tax profit of £22.2 billion for operators Marginal field developments could lead to a potential investment of over £26 billion in capital and operating expenditure and directly support 2,500 jobs in the UK Model predicts over £1 billion pre-tax profit from development of three marginal fields containing 10 million boe reserves each As 50% shareholder in ABT Oil and Gas, Enegi believes this study reinforces our focus on marginal fields and demonstrates the potential from this initiative. You can read the full report at Oil Voice and further information on marginal fields, buoyant solutions and their benefits at ABT Oil and Gas.
24 July 2014 Enegi Oil Plc ('Enegi' or 'the Company') Director Dealing The Company has been informed that Dominic Minty has purchased 2,781,377 ordinary shares in the Company from RMRI Plc, which is part of the RMRI group of companies ("RMRI Companies") controlled by Alan Minty, Chairman and Chief Executive Officer of Enegi, on 22 July 2014. The purchase has been made at an average price of 5.5p per share and has been undertaken in an Over the Counter Transaction ("OTC"). Alan Minty has not changed any of his own shareholding and his interest in the Company in his own right and through related parties following this transaction is as follows: Alan Minty 7,608,911 shares RMRI Companies 0 shares Alan Minty's interest in Enegi therefore totals 7,608,911 shares, representing 4.13 per cent of the Company's issued share capital.
Buys showing as sells today