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EPP Energypathways Plc

1.85
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Energypathways Plc LSE:EPP London Ordinary Share GB00BM9M0884 ORD GBP0.01
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.85 18,000 08:00:00
Bid Price Offer Price High Price Low Price Open Price
1.80 1.90 1.85 1.85 1.85
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Offices-holdng Companies,nec -612k -0.0231 -0.80 491.18k
Last Trade Time Trade Type Trade Size Trade Price Currency
11:40:28 O 18,000 1.87 GBX

Energypathways (EPP) Latest News

Energypathways (EPP) Discussions and Chat

Energypathways (EPP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
10:40:281.8718,000336.60O
2024-04-24 13:54:441.8812,000225.00O

Energypathways (EPP) Top Chat Posts

Top Posts
Posted at 25/4/2024 09:20 by Energypathways Daily Update
Energypathways Plc is listed in the Offices-holdng Companies,nec sector of the London Stock Exchange with ticker EPP. The last closing price for Energypathways was 1.85p.
Energypathways currently has 26,550,000 shares in issue. The market capitalisation of Energypathways is £491,175.
Energypathways has a price to earnings ratio (PE ratio) of -0.80.
This morning EPP shares opened at 1.85p
Posted at 18/1/2024 14:31 by hedgehog 100
16/01/2024 08:00 UK Regulatory (RNS & others) EnergyPathways PLC Corporate Update LSE:EPP Energypathways Plc

"EnergyPathways plc (AIM: EPP), an integrated energy transition company, is pleased to provide the following update regarding its wholly owned and operated Marram Field project (the "Marram Project") and strategic objectives for 2024. ...

Strategic Milestones for 2024

In support of its strategic objectives, the Company is progressing a number of interrelated commercial and technical workstreams in support of a Marram Project FID , which the Directors of the Company anticipate may be as early as in 6-9 months' time, as follows.

-- securing certain long lead items for development;
-- results from tie-back optimisation studies
-- pre-FEED and FEED completion;
-- Field Development Plan (FDP) Government approval;
-- Project FID;
-- Environmental Statement and approval;
-- arranging development financing (debt and equity);
-- UKCS 33(rd) licensing application and]"Out of Round" licence requests;
-- securing additional low emission gas resources; and
-- establishing low carbon technology partnerships

Recent Developments

The Company has secured a first right of refusal with a major subsea equipment provider to purchase two subsea production trees. The Company is going to progress with equipment certification and testing of the trees. This arrangement will remove a major critical path item from the Marram Project schedule, noting that the manufacture of new subsea trees in the industry is estimated to take 18-24 months.

EnergyPathways submitted an interim Environmental Statement to OPRED for consultation with relevant local, regional and national authorities and favourable feedback was received from OPRED. Due to the high shipping levels of the region, a Navigation Risk Assessment is necessary and will now be undertakento prepare the project's final Environmental Statement for OPRED approval, which is expected to take approximately two months. The Company believes it is well positioned to meet the Environmental Statement approval strategic milestone in line with its objectives.

In parallel with these operational milestones, management continues to assess optionality with regards to the development financing of the Marram Project. In this regard, the Company has received expressions of interest, including term-sheet offers, and will seek to progress those discussions in the near-term. The attractive economics of the Marram Project, make the project appropriate for debt financing, with management estimating that in the order of 70% of the development capex could be funded through such a facility.

With regard to business development, EnergyPathways awaits the result of its 33(rd) licensing round application for an additional licence,. The Company notes recent confirmation from the NSTA that it expects to announce the awards of the 33(rd) Licencing Round during Q1 2024.

Commenting on the outlook, CEO Ben Clube said:

"With our AIM admission concluded a few weeks ago, our full focus has turned towards the operational milestones that will define this year and generate material long-term value for our stakeholders. Our intention is to progress the Marram Project towards FID and we are progressing the various commercial and technical workstreams to achieve that critical value-catalyst. The economics of the project are very attractive and the fundamental market drivers for the development of the Marram Project remain compelling - both of which provide confidence that we will achieve FID in the timeframe set out during the IPO process.

We are presently engaged in evaluating tie back options for the development that best position the Company for the development of the broader regional potential. We are in progressive discussions regarding development financing arrangements and are encouraged by the reaction of counterparties who recognise the strong cash flow profile and rapid payback of the project. In parallel, we continue to screen opportunities to build materiality and scale, and hope to receive positive news in the coming months regarding the Marram Project lookalikes that we have bid for in the 33(rd) licencing round, as we seek to capitalise on our early mover advantage in UK Irish Sea, a region with numerous undeveloped gas discoveries, existing infrastructure and the ability to support the UK's objectives in terms of Energy Security and Transition. We look forward to communicating our progress to the market as we achieve the numerous core operational milestones set out today." ..."
Posted at 03/3/2002 20:37 by oxfordbloke
i think its fairly neutral.

the market cap is currently 1.5m against assets of 3m. a discount of 50%

shares 78m shares are being issued at 50p to pay for property worth 39m.

so the asset value rises to 42m. if the discount stays at 50%, then the share price stays at around 25p.

in theory the discount should narrow a bit as the company is bigger. however, the company now has exchange rate risk and regional economy risk in china, which wont help, but is in an exciting market, which might be seen as good.

overall i think we will exit suspension at 25-30p, if the deal goes through.

dont forget, andrew perloff now controls over 40% of this company and can vote down the reverse takeover. his position on this is unknown.
Posted at 28/2/2002 11:29 by chaneale
is thi sreverse take over a good or bad thing for us share holders????????
Posted at 05/6/2001 18:18 by pierre2
I am longing this share depuis long time. Pleeze someone expliquer why me no making money. Who is this Monsieur Alpesh?
Posted at 21/2/2001 15:52 by lord b
EPP up again today, a few people starting to notice. Very good buying opportunity still trading at half price.
Posted at 20/2/2001 10:41 by lord b
Looking very undervalued, shares are trading at over 50% discount to asset value and two excellent deals recently announced where shares have been issued at double the market price, worth a buy
Posted at 20/2/2001 10:39 by lord b
This share is looking very undervalued, they have recently done some great deals, worth a buy, trading at over 50% discount to asset value, two deals have been done where shares have been issued at double the market price, a strong buy
Posted at 07/11/2000 13:42 by voyager2000
MM's falsly put the share price up and thats why the shares are falling back down on no sells. MM's are burning investors dearly onpurpose so they make more money.
Posted at 07/11/2000 12:55 by boyblue
Dear JellyTots

From what I can gather Netcentric is reversing into Manx & Overseas. Manx is bring sold by Desmond Bloom.

EPP is headed up by Bloom's son, Baron Bloom

I think I can see what is going on but what the heck! I am now in for the ride anyway.....

NCS looks good but EPP needs care

Dont let these upstarts upset you.....
Posted at 03/11/2000 14:55 by lord b
THIS SHARE HAS RISEN FROM 20.5P TO 24.5P. THE PRICE WILL CONTINUE TO RISE TO AT LEAST 50P, THE SHARES ARE WORTH 63.2P PER SHARE ACCORDING TO THE LATEST REPORT AND ACCOUNTS.CHECK OUT WWW.EUROCITYPROPERTIES.COM. THIS COMPANY IS GOING PLACES, STRONG BUY. THERE ARE MANY PEOPLE LOOKING FOR LARGE AMOUNTS OF STOCK BUT NOT MUCH AVAILABLE, THIS ALONE WILL PUSH THE PRICE UP TO 30-35P.

STRONG BUY
Energypathways share price data is direct from the London Stock Exchange

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