Member Info for oldholder

Novisky’s purpose in 2012 was the delisting .But he didn’t succeed because a few people ,like me , didn’t deal with the offer price.
Due to this situation ,good for us bad for him, Novisky has one of the biggest % like no other share holder in AIM and not only.
As a consequence the liquidity of the share is approximately 0.
That is not normal I think.
Time has came to decide ....what ?

Krok
The only thing in my opinion for the enw remains in AIM is only for Novisky to increase his status mainly in Ukraine.
But I think this has a deadline since 2012.
Sell enw , acquire an other AIM company, merge with other are some of many cases I think he can apply.
Because the share as is now has no any chance to be attractive by the seriousness people’s and he knows that even though he is not interested .
Of course I should mention his efforts to increase production by investing money and for this reason has my appreciation.

I think the silence majority of the shareholders prefer the delisting because they don’t have the patience anymore to wait their investment could give money ie divid or higher value of the share.
But for Novisky is an “ asset fame” to have a company in AIM because if he would to delist it since 2012 ,he could .
That’s the problem.
Regarding the price for delist -when and if it comes a day-my opinion is that Novisky should give an attractive price ie 42p ( plus 10% of this 2011) in order to succeed his purpose and to be accepted from the rest of shareholders remained in this share without to receive last years even a penny of earnings.

Dear all and especially the BOD,
After many years awaiting a better price for the share , I think that has came the time to propose to the BOD the following:
As it's known the free float now is 56,374,016 shares (POPE included) and the cash is 43,500,000GBP.
The BOD can make an offer for the rest of 56,374,016 shares with a price of 42p each (10% of the last in 2011) and to pay an amount of 23,677,000GBP.
I think is a win-win situation because the company has ALL the money IN CASH and delisting from AIM can profit the rest of money in cash 43,500,000GBP-23,677,000GBP=19,822,000GBP.
Because for a share to close a day with a trade value of 4.37 GBP , down -5.58% (-1.08) and a volume of 5,280 shares , £799.37 Turnover (on book)I think it’s no need to a company to be listed in AIM.

At last something is moving:
http://www.fixygen.ua/news/20210423/arkona-gaz-energiya.html
As seen they move fast in order to have some definite facts , because there is Ukraine and nobody knows clear how can things end up....

Is the Arcona issue over or not , because according to https://poltava.to/news/60447/ is seen something else?
What's going on?
I don't like to believe that we can have another episode in this series.

Yes , Qual,I am here but not see any movement until the RNS on April regarding the annual report.
But also I am optimistic for the divi which I want to believe will be >4p!
That means the total amount will be 15,000,000£ which means something < 1/3 of the FCC for the year 2020.

Lets see in the past for bpd:
SV-6 Workover 394
SV-12 Workover 883
SV-54 spud 565
MEX-119 spud 1,070
VAS-10 spud 390
MEX-109 spud 778
SV-59 spud 154
Average: 605 bpd
So we can say - afte the abovementioned- that Svyrydivske (SV) gas and condensate field in Ukraine are a kind "dissipated" and the situation in the Mekhediviska-Golotvshinska (MEX-GOL) is seen better.

I am a bit disappointed with enw’s results.I did bet my self 580 bps but 452 I think is absolutely low.
I reckon the average was 605 bps.
Anyway instead of nothing is better-the delay of announcing this thing saw besides.
But everything has always and good things far the bad.
1.The current price , as I wrote yesterday the prices exempt the NG ie condensate and LPG are 43% higher than 2020 and that means 14% plus for current year ie 6,000,000$ in the total revenue.
2.With the current price the cost of the now in production SV-25 (let’s say 12,000,000) is amortised in 2 years and even a reduction of 10% in the third year ( with prices remain constant) gives an annual return of > 20% per year.
3. I observe the spud of the SV-29 with no delay!!!
This means even with the same bpd and some production decline we’ll have a production > 5,000bpd in the 2021 end!
4.Please note the VAS-10 work over has to come in the summer with boost of production.
5. The installation of a new equipment in order to boost LPG in summer also.
6.Ancona project and new well in VAS field.
Conclusion:For me as I have had said in the past the company passed the child illness and has come in the age of adulthood .
It is seen seriously acting without big mouth I refer in the Frank’s days back in 2000’s with 1 bl barrels if you remember.
I am not surprised if I see enw to entry in other fields exempt the oil and gas like distribution, renewable etc as they changed their name and the new name has no “the word petroleum”.
So I am optimistic due to their seriousness.

Currently prices 60 and 58 respectively.Up 43% and 45% respectively than 1H 2020 (42 and 40).
Even higher than 1H 2019 (54and 52).

Kroc congratulations
After your today’s positive comments the price has risen significantly.

The spud was 15 July 2020.
The last drill SV-54 same depth :Spud on 17 October 2019 and the results on 25 May 2020.Total time 7 months and 5 days .
So I suppose that as a possible date it would be the next week -as passed 7 months- since the spud from Tuesday to Friday....

Quick response by Supreme Court.Things as seen get better in Ukraine in financial environment.
Ukraine needs foreign investments as I suppose from the decision.
The BOD takes 10 for the this acquisition after the end of this legal procedure.

Qalbabbass
Yes , the same question I have also with you.

According to the RNS published on 13 January 2021:

"Dismantling of the drilling equipment is now underway, and it is anticipated that initial testing of the well will commence by the end of January 2021. Subject to successful testing, production hook-up is planned to be completed by the end of the first quarter of 2021. "

The question is how long time need for these initial tests in order to take the first results regarding the bopd of the SV-25 .

I believe that not takes more than 3-5 days so hope day by day we'll know.

But the important is most of all the DAILY production of the SV-25 ie: beopd < 600 or > 600 .

Qalbabbass
Yes , the same question I have also with you.

According to the RNS published on 13 January 2021:

"Dismantling of the drilling equipment is now underway, and it is anticipated that initial testing of the well will commence by the end of January 2021. Subject to successful testing, production hook-up is planned to be completed by the end of the first quarter of 2021. "

The question is how long time need for these initial tests in order to take the first results regarding the bopd of the SV-25 .

I believe that not takes more than 3-5 days so hope day by day we'll know.

But the important is most of all the DAILY production of the SV-25 ie: beopd < 600 or > 600 .

Hope tomorrow will have an update for the drill.Time passed.The question is how many barrels per day give the well.
I bet sub 600.In case for more barrels this will change the overall look of the share.
Remain calm and optimistic.The company now has not any relation with the former Regal and the practices applied in the past.
In any case DYOR.

Qalbabbass
I can see a divi of approx. 4+ p , what means 1/3 of the existing cash.

Just a guess.
I have no information.
My prediction is based on only in the past results...

QUIZ:
How many bpd will be the production of the SV-25.
RNS due this week on Tuesday or Wednesday... in any case before the AGM...
I guess approx. 580 bpd and ENW pass the barrier of 5,000 beopd(today 4,444)
Lets see in the past:
SV-6 Workover 394
SV-12 Workover 883
SV-54 spud 565
MEX-119 spud 1,070
VAS-10 spud 390
MEX-109 spud 778
SV-59 spud 154
Average: 605

And of course i forgot the imminent- in May of the current year - divident and NO - IN ANY CASE - buy back with the 30 -40 % of the cash