7 Nov 2014 08:09
- Home
- Share Prices
- AQSE Share Prices
- Euronext
- Stock Screeners
- Share Chat
- FX
- News & RNS
- Events
- Media
- Trading Brokers
- Finance Tools
- Members
Latest Share Chat
ENEG.L Share News (ENEG)
ENEG Share
Price
ENEG Share
News
ENEG Share
Chat
ENEG Share
Trades
ENEG
Live RNS
ENEG Share
Charts
ENEG Broker
Ratings
ENEG Directors
Deals
ENEG Financial
Diary
ENEG
Fundamentals
ENEG Short
Positions
ENEG
Media
ENEG.L Information
- There is currently no data for ENEG
Watchlists are a member only feature
Login to your account
Don't have an account? Click here to register.Enegi forms farm-out agreement with Azimuth
Thu, 31st Jan 2013 13:21
Independent oil and gas company Enegi has reached an agreement to potentially farm-out to part of block 3/23 in the UK North Sea to Azimuth, an exploration and production company based in Bermuda. Under the agreement Azimuth will earn a 50% interest in the exploration area, which contains the Malvolio prospect, in exchange for the completion of an agreed work programme that includes certain geological, geophysical and reservoir analysis on both the Malvolio Area and the wider exploration area. This work will take place within the first 12 months of singing the agreement. Alan Minty, Chief Executive Officer of Enegi, said: "We are delighted to have reached agreement with the Azimuth team. We were only offered this block just over three months ago and the fact that we are already moving ahead with our plans for it shows our desire to deliver and prove up the value that we believe is inherent not only in this asset, but also across our portfolio."We know the Azimuth team well and are delighted to be working with them on this project. They are a hugely experienced team backed by leading industry specialists with access to extensive resources, both in terms of data and people. "The combination of our two companies and evaluating both the block's exploration opportunities and its known discovery is without a doubt the optimum way forward. We look forward to working with the Azimuth team and utilising their expertise across this project."The share price rose 6.02% to 11p by 14:20.NR
More News
12 Jun 2014 12:23
Enegi Oil Says Wood Group Unit Has Agreed To Invest In ABT Oil & Gas
LONDON (Alliance News) - Enegi Oil PLC Thursday said that a non-binding memorandum of understanding is now in place setting out the terms of a deal under which Wood Group PSN will take a 50% stake in ABT Oil and Gas Ltd's engineering technology subsidiary, Marginal Field Development Co. Woo
Read more12 Jun 2014 07:36
UK MORNING BRIEFING: AstraZeneca Signs Asthma Deal With Synairgen
LONDON (Alliance News) - UK shares have opened flat Thursday, following negative trading in the US and Asia overnight.
AstraZeneca is the third biggest gainer on the FTSE 100. The drugmaker said it has signed a global licence agreement with AIM-listed biotechnology
10 Apr 2014 11:25
Enegi Oil Alters Production Plan On Fyne Field And Restructures Joint Venture
LONDON (Alliance News) - Enegi Oil PLC Thursday said the development of the Fyne Field is continuing in line with expectations, with Antrim Energy Inc submitting a new Environmental Statement in March and the company deciding to alter its production plan for the site, while it has also decided to
Read more31 Mar 2014 12:27
Enegi Oil Pretax Losses Narrow On Lower Expenses
LONDON (Alliance News) - Enegi Oil PLC Monday said its pretax loss narrowed slightly in its first half as expenses fell at the company. The oil and gas company with a portfolio of projects in the UK North Sea, the Canadian province of Newfoundland, Ireland and Jordan said its pretax loss na
Read more11 Mar 2014 12:50
Enegi Oil Extends John Wood Option Over Marginal Field Initiative
LONDON (Alliance News) - Enegi Oil PLC Tuesday said it, along with Advanced Buoy Technology Ltd, have agreed to extend an option agreement allowing Wood Group PSN, a division of John Wood Group PLC, the possibility to expand its participation in the development of a marginal field initiative.
Read more11 Mar 2014 11:36
Enegi Oil JV extends option agreement with Wood Group PSN
Enegi Oil, which in partnership with ABTechnology owns the ABT Oil & Gas joint venture (JV), has agreed to extend its option agreement with Wood Group's PSN division (WGPSN) until March 31st 2014. The option gives WGPSN the possibility to expand its participation in the development of the marginal
Read more25 Feb 2014 12:09
Enegi Oil Raises GBP2.0 Million As It Unveils Timetable For Fyne Oil Field
LONDON (Alliance News) - Enegi Oil PLC Tuesday said it has raised GBP2.0 million after expenses through a share placing with new investors that will provide it with funding it needs for its Fyne Oil Field Farm-In as a result of new developments there. The placing was conducted solely with Y
Read more