Enegi Oil Share Discussion Threads

[billiam] 19/12/2014 08:55

Link here:

'On Wednesday Aberdeen-based Wood Group announced a pay freeze for staff, and cut rates for its contractors.

Apache, one of the North Sea's biggest producers, has followed suit and will impose a 10 percent reduction on its contractors' wages from January 1st'.

[billiam] 19/12/2014 07:51

BBC article yesterday advising that Wood Group cutting contractors payments - within wider article that o+g sector in Scotland close to collapse

[chinadog3] 18/12/2014 21:10

Come on now Enegi let's step it up

[joan1234] 18/12/2014 09:18

BUYING

Thursday's agenda: Enegi Oil to grab the spotlight
By John Harrington
December 17 2014, 6:30pm Enegi is working to roll out technologies that reduce costs and make smaller oil fields viable.Enegi is working to roll out technologies that reduce costs and make smaller oil fields viable.
You can tell Christmas is almost upon us, as results from the big boys have started to dry up.
If last year’s results schedule is any guide, we should be due a full-year results announcement from marginal oil field specialist Enegi Oil (LON:ENEG).
The AIM-quoted company is working to roll out technologies that reduce costs and make smaller oil fields viable.
As such, the company is ploughing a different furrow to most oil & gas development companies, but the slumping oil price has still had an effect on the company’s activities.
It recently updated on the pending Fyne field project, saying discussions are continuing between Antrim Energy, Enegi’s partner and the operator, and the Department of Energy and Climate Change (DECC) regarding the development plan.
Separately, Enegi said talks about the broader initiative continue with Wood Group as well as other complementary major industry partners.
Updates on these discussions will be eagerly received by shareholders who have seen the share price crater this year, which has not been a good one for the oil sector.

[haydock] 18/12/2014 08:48

Update today, expected to be interesting ?

[...]

[the stigologist] 15/12/2014 16:08

you would think the fattest shorter in the West would have seen this coming ?

well he can't even see his own feet so hard to see how he can analyse an 'oil' junior

[nick rubens] 15/12/2014 13:25

As usual with owning shares, shareholders will be asked for money rather than their expectation of ever gaining some.

When will we learn?

[risk1] 08/12/2014 18:08

Thanks

Won't they need to raise funds soon LT?

[last throw] 08/12/2014 18:00

risk1

I would be a lunatic to say that I believe where we are is a good place and I am bitterly disappointed at what I perceive as the mis-management of comms over many year as you would instantly appreciate if you were a party to my many conversations with Enegi as well as reading very direct emails that I have sent to them.

However, I do not believe that they are liars and this has also been proved to me over the years that I have held and kept in contact with them.

I was not surprised at today's fall on the news but reckon that they needed to get this out of the way before concentrating on the Wood Group announcement which I cannot believe is that far off.

OK, multi-bagging from here will only take us to where we've been but I do believe that it is possible and that, given a platform to work from, we could yet make it to first-dividend which is what I invested for all those years ago!

LT

[risk1] 08/12/2014 17:41

Pathetic

Where is all the hope that LT alluded to and why is he holding 6 million?

[bam bam rubble] 08/12/2014 17:34

Congratulations to Enegi Oil and CEO Alan Minty, now members of the AIM -99% club.

[last throw] 08/12/2014 11:36

china

Nice one - I was the little pianist!

LT

[chinadog3] 08/12/2014 11:20

Last Throw & Haydock: in a former life were we playing music as the Titanic went down?

I remain in but at a considerable paper loss to date.

[haydock] 08/12/2014 11:11

That's why they never bothered with a pump down the hole.

They were always playing the bigger game, but as we have seen that was the risk inherent in the small oil world, a sea full of sharks.

Now we have the data & may do the deals to take the smaller safer route, a bit like Caza, one well at a time.

That is if we can get the geology to play some sort of ball.

It all takes time & cash, but it can still happen.

We also have the NS, where as I thought the changes in the BOD at Wood may have caused a problem, but they are still on the hook, as yet, oil price permitting.

All told Eneg for the long haul, still a lot of things in at zero in the company valuation.

[last throw] 08/12/2014 10:50

haydock

Reckon you've hit the nail on the head with that last post - when I last spoke to Tej he talked about the growth of technical information relating to GHS which had received huge plaudits from EVERYONE that had come into contact with it.


LT - in for the long haul!

[haydock] 08/12/2014 10:41

Simple the bb. was dead, everyone asleep or sold.

Really quite pleased they have given the yanks the bullet, they were a crew of no substance.
Minty can do the deals, but they have again proved too good to be true, in a poisoness oil world.

Start again.

Its a shambles, in NF but they have forgotten to add to the RNS just how valuable are these licences, whilst they still hold them.

The oil is still there, still as hard as ever to get out, but the suite of info must have been quietly growing.

Always was a skint Minty's real game at GHS.

Time to walk, not run ?

For me it's the same story as QFI, bought high share price comes down to virtual zero, load up for the mad & brave, & if you are patient a big winner.

There are always opportunities, patience is the hard part.
Cheers skint Hay.

[billiam] 08/12/2014 10:33

How depressingly predictable

[last throw] 08/12/2014 10:15

haydock

wake up - can you explain to this thicko please?

LT

[haydock] 08/12/2014 08:35

2 RNS
Black Spruce given the bullet.
Wake up call !!

[haydock] 05/12/2014 09:06

The new proposals include:

An investment allowance covering the whole of the UK Continental Shelf (UKCS, meaning British waters), to reduce the effective tax rate for investing companies.

New financial support for seismic surveys in under-explored areas of the UKCS, working with industry and seeking shared funding models.

Considering options for targeting support at exploration opportunities, using the tax system.

Adding to the tax breaks already in place to help companies with the cost of decommissioning platforms and equipment as they are retired, as well

[unionhall] 03/12/2014 17:29

That's the third time they have posted that ad in the last few years.

What are the odds of third time lucky ?

First they will have to clear the cobwebs from the rig.