Enegi Oil Share Discussion Threads

[greyfriarbob] 22/1/2015 10:14

Hi Last-Throw have you heard anything worthwhile,or is this really the Last throw?

[whe4to] 09/1/2015 09:11

When YA are finished selling we may just get a rise back to 1.75p....laughable really. News is it what's needed. Are Wood group committed, if they are it's a game changer, if not, well it's NF or bust.....roll of the dice now! GL all :)

[chinadog3] 09/1/2015 08:38

Top Gainer

Get on up!

[chesty1] 08/1/2015 16:32

Well I was in these some time back now & thought I would pop in & see how it has gone....

Ouch ENEG what are you doing.

Is this one dead dog on its last legs or can the pull something off.

Be lucky to all & hope it turns out good BUT the share price says otherwise.

[billiam] 08/1/2015 15:28

With no sign of a date for the AGM, and share price on its knees, is the end finally nigh for Energisers?

[whe4to] 31/12/2014 17:42

All the best Ladies & Gents; here's hoping 2015 see's some value returned to the SP! Happy New Year.

[haydock] 31/12/2014 12:03

Lt.
I will attend AGM if I can, if it is in Manchester.

Machiavellian thoughts, well everything in life is possible of course, but as the whole stranded oil scheme will cost a great deal I cannot see Minty being able to fund it without keeping Eneg on the mkt.

How did he get it wrong over the last 18 months?
By trusting a group of oil yanks who could not raise the cash.

Nowt new there then, an old story on the mkts.

Has to start all over again, in NF, right at the bottom, but we still have some assets, so have to wait & see, like most of my shares Eneg has hit the bottom.

I have miners & oilers nuff said.

However QFi had a similar chart years ago to the current Eneg & only a pie in the sky scheme with no contracts, adding at the bottom paid off.

I see the stranded oil scheme as huge possible money spinner & note that a lot of dosh has been spent, a favourable outcome from the DECC would transform the share price ?

Except Minty has also had to deal with the most poisoness aspects of the AIM mkt
as well as his other problems.
Cash will always be king, so I will read in on the latest RNS & keep my fingers crossed.

You never know 2015 might be the year od NF. production , if nowt else.

Cheers Hay.

[flyingbull] 31/12/2014 11:50

A real challenge for 2015! The January 2015 and the annual oil stock competitions are now on. Deadline for entries is midnight on Sunday 4 January 2015. Good luck!

[haydock] 31/12/2014 11:48

Oilbarrell article today.


By Amy McLellan

Calgary-based Antrim Energy has rebuffed the initial approach from fellow AIM E&P Sound Oil, saying the intended offer does not recognise the full value of the company’s assets and potential. Last month Sound made an intended offer for Antrim of 0.3198 new ordinary shares for each Antrim share, valuing the Canadian company, which is trading below cash value, at 3.44 pence per share or £6.35 million for the entire issued share capital, representing a slim ten per cent premium.

For Antrim, however, this is just too low. Chairman Stephen Greer said the company, which has more than £10 million in cash following the sale of its interests in the Causeway, Kerloch and Cormorant East assets in the North Sea earlier this year, plans to use its strong balance sheet to pursue corporate deals or asset acquisition opportunities. “At last week’s annual general meeting, shareholders overwhelming demonstrated their support for continuing with this strategy,” said Greer.

Analysts at share price Angel Corporate Finance were unsurprised by Antrim’s rejection of the latest approach from Sound – which had previously made an indicative offer in late October – writing last month that “shareholders would be foolish to accept anything less than 30 per cent”. This week the share price Angel team said “Sound needs to build on the background created by its own turnaround story and start to engage with Antrim’s shareholders”.

Certainly Sound has been an AIM success story over the last year as it has gained traction in Italy, with two gas fields now in production and funding in place to drill a series of high impact appraisal and exploration wells over the year ahead.

Adding Antrim would bring a useful cash pot of around £10.5 million and add a significant exploration asset – the offshore Skellig Block in Ireland, where drilling is planned in 2016 – to add depth and diversity to Sound’s own prospect inventory, which includes the potentially game-changing Badile well in Italy, on the books for next year. Costs could be stripped from Antrim, by shutting its Calgary office and closing the Canadian listing.

Importantly the combination would create a larger European-focused upstream player to bring the scale and visibility that is so important in the current market. As Sound’s CEO James Parsons told oilbarrel.com last month, “scale is critical to attract institutions and that means getting above £100 million market cap”.

The slide in the oil price, which has been faster and steeper than feared, only adds impetus to this trend. Writing this week in his well-respected blog, analyst Malcolm Graham-Wood of Hydrocarbon Capital, said that based on “history”; – a reference to recent difficult times at Antrim and the solid performance demonstrated by the Sound team in Italy – “the Sound proposition looks pretty convincing”.

Yet Antrim shareholders will be keen their Board does not let the company, which retains Skellig and some North Sea blocks along with a strong balance sheet, go too cheaply. The market is difficult and unsettled by recent events but it is in times like these that a £10 million cash balance can most usefully be put to good use.

[chinadog3] 31/12/2014 11:33

Now Mr Minty I am getting seriously hacked off.......

[haydock] 31/12/2014 11:26

It's all in a state of flux around Eneg.

[...]

[greyfriarbob] 30/12/2014 19:00

Last-Throw

Good to see you on positive note Again LOL!!!
(Jordan)

[risk1] 30/12/2014 17:24

Yes LT This concerns me greatly

[whe4to] 30/12/2014 17:20

LT, if you don't mind me commenting, you've changed your tune! It was only a few weeks ago, you were stating news on all fronts were due after speaking with the company, and you were execting it to be positive. Why are you suddenly all doom and gloom!?!

[last throw] 30/12/2014 16:19

China

Your point about the offset is well made but it will assist in balancing what is increasingly looking like the slow car-crash that is Enegi!

LT

[taxibabe] 30/12/2014 15:59

There will be no further money injected here either now or in the near future. The pot of gold has run dry.

[chinadog3] 30/12/2014 15:20

LT you seem inclined towards sheer pessimism. On paper I have lost a fortune here. I bought in on the NFL deal and now hang on chiefly for the marginal field initiative. I understood that a major obstacle in realising the WG agreement had been removed but that was a month or two ago. Good luck with your Aminex holding but getting an offset there is not the point is it?

[richgit] 24/12/2014 11:29

Pugugly.

Don't believe the Media Hype.

Opec has stated- It is not their responsibility to support the Oil price
as they infer it is the responsibility of those manipulating it.

This is a huge game of bluff originally inspired by the US that thought they
could bring Russia to its knees as was done to the old USSR.

It is somewhat backfiring as the $Billions, being kept quiet,of bad loans and
debt in the parts of the US shale - that does not work- will come to the fore.

Russia is in far better shape than the Us with 12 times the asset base,as China
supports Russia and Obama has no friends around for a Bankrupt US.


Don't be surprised if in 2015 Oil miraculously finds a better level,and then all look back that the bad news was all factored in at the end of 2014.

Shale Oil is no long term answer to anything,and certainly no answer to a Bankrupt west that simply cannot afford its "Green dreams".

Smog is better than total Financial meltdown when they have no money to invest.

IMHO.

[pugugly] 24/12/2014 11:06

richgit:> :> But is there enough blood ? Saudi now changed game plan to maintain market share ad apparently happy to see price down to $20 (if they can be believed)

Could it be that with the supposed global agreement to reduce CO2 they have realised that a lot of their reserves may have to be left in the ground and are therefore trying to realize as much as possible before then ??

If this could be a half way correct interpretation then we may have to wait a very very long time for the price to be right for us.

The 2nd adgenda is of course political -v- Iran or possibly Russia with tacit American encouragement - So all bets potentially of the table for now.

[richgit] 24/12/2014 10:49

Who would have thought that Oil was NOT the sector to be in during 2014 !

With blood on the streets it is usually the time to buy,and there is sure a lot of blood around Oil stocks,yet all forget the World still needs Oil and there is
$1 Trillion of investments around that are underwater.

It arguably suggests the breaking of the idea that the best thing for future Oil prices is a steady $100 Now-so gawd knows how high Oil could go in the future as so much exploration is now cancelled !!

Maybe ENEG will be in the right place at a time the Markets don't realise it,
which is in their favour.

I daresay the game plan is to wait until the financial injection is made,and for
those underwater to buy like crazy.

Let us consider "value that additional capital is able to generate should significantly exceed the effect of any potential shareholder dilution"

The Business model is sound as the need for many to book potential assets will
be even greater for the Oily Cos.

I daresay, considering the carnage being kept quiet of mega write offs in the
parts of the US Oil shale game that do not work- may lead to some miraculous
rise in Oil prices during 2015.

We know our Fraudster Masters can manipulate Bankrupt assets to the Moon as per the Dow & S&P500.so they can certainly manipulate Oil down....... and Up !!!

When there is blood on the streets !?

[pugugly] 24/12/2014 10:33

Not impressed - Results out and AM not in office to take calls - So why have telephone number for contact and bring the results out on Christmas Eve if not available? .

Dropped from back burner (as a result of the fall in oil prices) to possibly sometime but definitely not now -

If any value left here (If advfn correct market cap only £3M) I could see the coy being taken out by a vulture fund (imo) or am I being too harsh ?

[whe4to] 24/12/2014 09:11

Nothing too bad in the RNS, for me this RNS puts a bottom to the share price at 1.75p. Onwards and upwards; if Minty can close the Wood Group deal early in the New Year, 2015 could indeed be a very good year!!Wishing everyone a Magical Christmas with their loved ones :)

[ammons] 24/12/2014 07:25

"I would be being disingenuous if I did not provide shareholders with my views on the financial position of the Company. Implementation of the business plan will require an injection of new capital into the business, but the value that additional capital is able to generate should significantly exceed the effect of any potential shareholder dilution. The Directors and I continue to believe that the Company has developed a very attractive and unique business model in choosing to participate in the development of the Marginal Field Initiative and that additional finance will be available to Enegi upon completion of certain aspects of its plans."

New capital........