Enegi Oil Share Discussion Threads

[liquid millionaire] 14/4/2015 07:55

By the way....



Remember that when it comes to AIM stocks there is no such thing as an "outsider"

[liquid millionaire] 14/4/2015 07:54

Talking of....



Wood Group (John)PLC
Wood Group secures EnQuest contract

14 April 2015

Wood Group secures EnQuest contract

Wood Group PSN has been awarded a new five year contract from EnQuest to
provide engineering, design, construction, procurement and commissioning
services to the Thistle, Heather and Northern Producer offshore assets in the
North Sea. The terms of the contract reflect EnQuest's ongoing focus on
reducing costs and improving the efficiency of its North Sea offshore
operations. Effective immediately, the contract includes extension options for
up to a further five years.

Dave Stewart, chief executive officer (CEO) of WGPSN said: "The collaborative
approach we are taking with EnQuest and our ability to deliver cost
efficiencies together in the provision of services to the Thistle, Heather and
Northern Producer assets has secured us this contract, which extends an
agreement in place since 2009.

"The strong partnership and understanding we have built with this key client
positions us well to support them in optimising safety and productivity across
these assets at this challenging time for the sector."

The contract adds to Wood Group's scope of work with EnQuest in the North Sea;
Wood Group Industrial Services (WGIS) holds a contract to deliver topsides
integrity work on the Thistle platform.

-ENDS-

Note to Editors:

Wood Group is an international energy services company with over $7bn sales and
operating in more than 50 countries. The Group is built on Core Values and has
three businesses - Wood Group PSN, Wood Group Kenny and Wood Group Mustang -
providing a range of engineering, production support and maintenance management
services to the oil & gas, and power generation industries worldwide.

Wood Group PSN is a global provider of pre-operations, hook up & commissioning,
operations & maintenance, engineering, construction, project management,
training and decommissioning services to the energy industry. Operating in more
than 40 countries, Wood Group PSN offers high integrity, brownfield services
that support customers to optimise performance, maintain production, reduce
operating costs and provide integrity assurance. www.woodgroup-psn.com

For further information contact:

Wood Group press office
Tel: [phone], email: [e-mail]

[liquid millionaire] 14/4/2015 07:52

Alan Minty, CEO& Chairman of Enegi, commented:

"We continue to believe that the Marginal Field Initiative is a truly global opportunity. The agreements that ABTOG has completed with these major industry players further justifies this belief whilst greatly endorsing and providing further credibility to our initiative. We are pleased with this progress as we seek to bring together a consortium of like-minded industry players with the expertise to deliver the Marginal Field Initiative.

We expect these companies, as well as the addition of further industry players in the near future, to significantly increase the venture's activity. We look forward to working with our new partners, gaining further projects and taking the Marginal Field Initiative to the next stage of its development."


James Kidwell CEO Braemar Shipping Services PLC said:

"We are happy to be partnering with ABTOG on their Marginal Field Initiative. ABTOG's business model and strategy is very timely as the industry is looking closely at costs and how to continue to ensure effective economic future production. We believe that this has the potential to be a considerable initiative. The ability of ABTOG's solutions to significantly reduce the opex and capex on oil and gas development projects and the returns that can be gained will in our view undoubtedly appeal to operators and investors alike. We look forward to working with ABTOG and its partners in taking the venture forward and gaining further projects."


Dean Jennings, Sales Manager, Offshore Production Units, Kongsberg Maritime comments:

"The effect that normally unattended operations could have on operating expense is enormous. We fully endorse ABTOG's belief that normally unattended operations offer significant potential for the advancement of offshore oil and gas production particularly at this time when the industry is focussed on cost reduction.

We believe that our expertise and best in class proven remote control technology and monitoring can deliver leading edge development solutions that can maximise recovery from smaller fields given the significant reduction in opex and capex that they provide. We look forward to working with all the partners in delivering this initiative."

[malctim70] 14/4/2015 07:23

And there's everyone thinking insider trading was illegal.....Good news though
It may help Wood Group to make a decision otherwise they could be left in the starting blocks....

[chinadog3] 13/4/2015 15:27

Perhaps clarification on the WG and/or an alternative investor. We shall see

[rbento] 13/4/2015 15:13

Because all the people who know about tomorrow's RNS need to buy now ahead of it.

[risk1] 13/4/2015 12:56

Where is the no of no reason rns??????

[billiam] 13/4/2015 12:45

Quite a few shares traded now - over 5m. About £50k's worth

[chinadog3] 13/4/2015 10:59

May be a positive update coming?

[taxibabe] 03/4/2015 11:10

Mr Minty "has suffered more loss than any other single private investor". To the best of my knowledge Mr Minty and his RNLI companies have sold millions of ENEGI shares at all sorts of prices including over 30p a share!

[taxibabe] 02/4/2015 12:01

Hi well last throw thanks for that. I guess you needed to take a reality check and as you say it does not look to good for you and other "large shareholders". Now I would invite you to tell Mr Alan Minty as follows. Most of the shareholders on here bought in because of the prospects in Newfoundland and Garden Hill South, we are not interested in the "marginal field" initiative, which by its very description, is "marginal" at current oil prices. We are not interested in issuing more paper to the Minty clan, or its associate RNLI companies, for services rendered which is then dumped on the market; this practice should be stopped immediately. We are not even interested in the shale oil in the Irish sea, which the economics of the current crude price do not support. Being "first mover" , as some on here have suggested, is for companies like APPLE or GOOGLE, with their requisite cash piles, not ENEGI oil. It all about NEWFOUNDLAND and nothing else. As I understand it BLACK SPRUCE can now seize this in exchange for a promise to buy £800.000 worth of ENEGI shares, issued when the shares were 8p. This deal, designed to "put some distance between BLACK SPRUCE and the finances of ENEGI" was good for BLACK SPRUCE, but for ENEGI? The terms of the SHARD CAPITAL FINANCING, now £1.50 million also need to be clarified, and clarified immediately. That they have not been is suggestive that some shareholders are being given inside information which is not available to the rest of us. My gut hunch is its a form of "rachet financing" which ensures a rapidly depreciating share price, whilst SHARD and BLACK SPRUCE end up with the entire capital of the company for a song. Please discuss this with Mr Minty LAST throw, assuming he meets you in the first place!. Then post your results on here.

[last throw] 02/4/2015 08:35

Hi guys

Apologies for not responding earlier but my Enegi-mindset is almost as one in mourning.

I am in close contact with another large shareholder and he is trying to set up a meeting with Alan Minty in the next week or so which I hope might be slightly illuminating.

I have read some very deprecating posts on Alan Minty, some verging on libellous, but as one who has suffered more loss than any other single private investor (I think)I still believe Alan Minty to be an honourable professional man who is fighting our corner but sometimes doesn't keep us as informed as we would wish.

When I need to play the blame game, the mirror beckons!!!

Good luck!

LT

[risk1] 01/4/2015 13:06

Oh no!!! He is on aex hope lightening doesnt strike twice

[chinadog3] 01/4/2015 11:50

Have you sold out Last Throw?

[taxibabe] 01/4/2015 11:15

Looks like its sold out I guess. Most people out of this one or written it off. Dont know what discussions there could be with the Wood Group rbento. This is worth about 1 million and has no prospect of raising more money, like ever
Not sure how shard will get its money back except perhaps selling the Newfoundland assets to black spruce for a small sum. Hard to remember this trading in excess of £1.80 five years or so ago.

[taxibabe] 31/3/2015 09:22

I want to know about the money owed to Black Spruce for their 10 million shares at 8p or is that where the shard capital loan of £1.5 million came into being ?

[rbento] 31/3/2015 09:17

Whatever happened to the Wood Group???? Suddenly no mention.

I will tell you why. The board were fraudulently using them to raise money. There are no discussions anymore and they have failed to announce that the MOU is dead for a very long time.

This company and everyone associated are a disgrace.

[billiam] 31/3/2015 08:57

not the most encouraging set of interim results
loan extension now costing more than the total group assets

[risk1] 30/3/2015 22:31

The ole lad is over at aex i find it quite interesting that the directors there give him a call and reasure him just like they do/did here just hope aex doesnt go the same way as this or he will be skint lol

[chinadog3] 30/3/2015 18:48

yes where are you LT?