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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Emerald Energy | EEN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 747.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 747.50 | 747.50 |
| Top Posts |
|---|
Posted at 25/10/2020 10:14 by chestnuts I met Bob at a EEN agm, a true gent , had many a good conversation with him, he will be missed. |
Posted at 25/10/2020 09:56 by pendragon2 Learned a lot from Bob as the EEN story unfolded to make a lot of people very happy and I much regret his passing. Sad news. |
Posted at 23/10/2020 07:35 by brad44 That is sad news. Hope all other ex Eeners are doing well, after een I went in to TPL frying pan to fire!!!! |
Posted at 14/1/2019 18:21 by archie meads I'm afraid the take-over details escape me but you could try putting your request on "captainfatcat" 's thread, which was more often used towards the end, and on the GKP thread, where a number of EEN old timers sometimes turn up. Alternatively, search for a poster called 7kiwi, who, if he's still around, may know who you need to contact. Good luck. |
Posted at 14/1/2019 18:11 by crmatthews Hi All,Its a long shot and I wonder if anyone could help me? I bought 22,000 shares in Emerald Energy EEN at penny share level on the AIM probably 1994 or thereabouts. I have mislaid my share certificate and wondered if anyone could help. My email address is book@elbaprivatehire All the best Clive |
Posted at 26/12/2015 20:19 by seangwhite The next EEN is PCI and its following the old Irish oil company pattern.GLTA |
Posted at 24/12/2014 18:42 by dfgo Merry Christmas to the old EEN gang have a good one. |
Posted at 04/3/2013 20:01 by efagie kiwi.the fields mainly, imo, been some workovers and joinups. gigante for example has 2 months at nil, 2 at less than 50bopd. for dec at 1020bopd, year daily average 765 bopd. also of note the full production values now. total for december at 6314bopd, year average 3868bopd. 2011 at 6496bopd daily average. fortuna and totumal have been poor for a while, mostly at 0. yet fortuna has an average daily for year at 51. and dec is 226. pimiento's new field is 224bopd. maranta for dec is 665bopd year average 592. new field agapanto(sp) giving 121bopd for dec year average at 46. campo rico = 2308bopd for dec at a year average of 2044bopd. ombu = 1975 for dec, 375 average for year. 3 month over 1000, one at 300+ the rest below 25. interesting addition 3 new areas. cardon, nogal, s/w of ombu. manzano slightly n/w.. another interesting bit. think gpx have the, let go bits of, emeralds putumayo 14 block. helen was it. they also have a llanos50 block. was that an een block too? though the management point may be valid, given when canacol started up and their productions at 18715bopd year average, though down from the 2011 of 22,000... ken. |
Posted at 13/3/2012 07:02 by stefield mate, i was incredibly lucky, i piled in at 180 when news of een bid came and got out around 300p when the indian bid came. i then bought some back and still hold a few but not that many. i believe it will get sorted eventually and dont see them losing the licence, but who knows how long. |
Posted at 16/9/2009 04:08 by pendragon2 A sort of contrary view, though you all know I think the take-over price should have been nearer 10quid, though not as high as Bob's 12, as things are now.If I were to take a bidders view of EEN and the acceptance of its takeover valuation, it might go something like this: The business is in good shape, however the oil price uncertainty is an issue. The income looking forward will include a fall off in production at CR and Vigia, which have contributed most of the cash seen in the last five years, until Syria came along. Ecopetrol backing in to Gigante a couple of years back meant G1A stopped contributing significantly to the business and now gives the company less than 500bopd, (with proportionally high production costs) though it enabled the drilling of G2. As only 50% of G2 production is attributable to EEN, assuming that means between 1000 and 2000bopd, it will be some time before the exploration costs are paid off. In the mean time Ombu/Capella needs to be financed and though it may be a very significant discovery, uncertainties in the oil price mean it will not turn a clear profit for at least 5 years, if not longer. EEN's share of Syria is about 25% of production, so 4,500bopd max for at least a couple of years when the field production centre is working. The contract sees EEN's share fall as production rises and a series of one off payments arise. Will another $50m for a larger processing facility really pay for itself in a reasonable timescale? The operator has a slightly different interest to EEN and the national company yet another set of interests. However, the margins in Syria narrow as development in B26 proceeds. For all its attractions, EEN's rate of development is becoming more long term and will suite a larger company with strategic rather than commercial priorities. from the seller's point of view: EEN's management defined their interests as 'low cost, low risk' exploration. The company is gradually moving away from these parameters and the rate of increase in the market cap we have seen is unlikely to continue. Previously fund raising has been rather small scale, some tens of millions. The figures arising in the foreseeable future are closer to the hundred million which will bring far greater dilution than previous rounds. Trying to fund development from income is an option, but three large commitments - Syria, Gigante and Ombu - would be a strain on the business. The business will grow, but the chances are that this kind of growth would not be reflected in the share price either because of dilution or the inability to pay dividends. Does it make sense to move the management team to another business opportunity. I think probably yes, if there is a chance that the currently weak share price of SEY brings in the possibility of a significant recovery when the business is stabilised. Are SEY's opportunities in the field as promising as EEN's? Possibly, but there are always risks. However, is there a chance that the concert party can realise a substantial increase in the value of their holdings via SEY over 5 to 7 years? Probably yes. Is that likely to be greater than the increase in the value of EEN? Probably yes. Is there an uncertainty in the global economy that to wait might make it more difficult to reposition in the coming year, meaning it makes sense to sell now rather than wait? Possibly yes. EEN has moved from 25p to 7.50 (1:30) under the concert party. Will EEN's share price get to around 100 in five years (1:15) - perhaps but probably not. SEY has a depressed share price for several reasons. Is is possible SEY will move from 1.30 to 39 (1:30), I doubt it, but moving from 1.30 to 19.5 (1:15) could be achievable fairly quickly, say 3 good years..... Obviously managers get the opportunity to exercise their options, as they leave the company, so that is attractive for them. By whitewashing the concert party situation earlier this year, the concert party now have a window of opportunity which will not recur if there is a further round of fundraising which would dilute their interest, perhaps below the critical level at which they lose effective control of EEN. Do the concert party wish to concentrate on EEN for the rest of their careers or follow new opportunities? Why not go now? My position. Without the current management, EEN becomes a completely different business and the new owners can be expected to exercise their control (with or without the full bid succeeding) with a different strategy to the concert party. I think this reduces the company's prospects in the medium term and makes me feel it is time to move on. I'm not keen on accepting the bid, but am acquiescing. Without key managers, I don't want to see the bid fail and I would now expect AB to resign at, or after the AGM, whichever way the decision goes. (btw: I recall putting 8.40 in my prediction for the share price at end 2009, but can't find the full poll at the moment. How many of us are ahead of our predictions by accepting 7.50 now?) A graph from the share price on Jan 1 though 7.50 in October would let us all know) |
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