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Share Name Share Symbol Market Type Share ISIN Share Description
Enegi Oil LSE:ENEG London Ordinary Share GB00B29T9605 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 0.475 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.05 -4.86 -2.90 1
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.475 GBX

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Date Time Title Posts
22/12/201511:23MASSIVELY UNDERVALUED.11,339
05/10/201518:22enegi oil-
31/12/201415:11Enegi Oil Plc - 2013 is the Year10
08/11/201418:59Enegi Oil169
03/2/201208:492010/NO1/OILPLAY34

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DateSubject
21/10/2015
08:20
last throw: Billiam Some years ago I was advised by Tej to "read between the lines" on anything to do with Enegi so this announcement did not really surprise me BUT I believe it is one of several in the offing. By the by, had I told Tej to go play with himself when he made the above statement and sold up at that time I would be hundreds of thousands of pounds better off so WTFDIK???? Right now 2p would do me though - so, it's 2p or not 2p that is the question!!! Seriously though, I have heard a whisper that Alan Minty, whom I believe to be an honest bloke despite the slings and arrows etc, has been enjoying the best nights' kip he's had in many a long year - he probably knows something that he wants to share with us but cannot ...... just now!! Patience is what's called for now as ever was!!! All IMVHO of course! LT
16/10/2015
07:13
richgit: The decline of investment by Oil Cos is not something that can be turned around overnight,so investment will stay in a trough of a vicious circle of repercussions for too low Oil prices. That suggests Oil will gradually rise in price until there is an inevitable supply crunch in years to come- and then even higher Oil prices !? ABTOG offer an affordable solution to Cos desperate for any extra revenue and of course - Asset addition to flimsy balance sheets. This really is potentially a great scenario for ABTOG. Prove it in one situation and it will roll and roll for years like the snowball/avalanche scenario. That`s what the big names involved with ABTOG foresee. An incredible risk/reward that at some point Investors foresee that with ENEG. No advice intended.
30/9/2015
09:36
richgit: There is an element of logic that the Big Names in the Marginal Field Delivery Consortium are not involved for mere fun or time wasting. This could be one the greatest ideas to take shape in the Oil game,that PI`s have consistently value at 0,yet seemingly those Big Names foresee somewhat far beyond 0 (or what is the point ?). So how do we then value Eneg`s other assets,which are also valued for near 0 ? On a longer term risk/reward there is much potential for PI`s to be incredibly wrong about ENEG`s future and of course the future for Oil. All the cutbacks could bite us all back very badly in the future,as even the Saudis in this all out Oil War dont want to risk pumping more and more water at these prices.
30/9/2015
09:03
petersmith3: PPG - one of the safest aim stocks with 10-bag potential! Plutus has already been awarded management contracts for 5 X 20MW generating sites. Rockpool Investments has managed to raise £17.8 million in EIS funding. Each 20MW site could potentially generate on average £340,000 net annual profit for Plutus, even if only running for 120 hours per annum. So 10 sites (the stated target within 3 years)would be likely to produce £3.2 million in net profit to Plutus, equivalent to 0.43 pence per share. If all 10 are contracted under the Capacity Market, this would add another £1.5 million in net profit (equivalent to a further 0.20 pence per share), making a total of 0.63 pence net profit per share. This is all well and good, but it is already on the cards I understand that this 3 year target of 10 sites will be smashed in the first year. I believe we could be more than double that number of sites by August 2016, in which case we are talking of between 1.5 pence and 2 pence net profit per share. So the price target for the share should be a minimum of 20 pence by August 2016. If this comes about (20 sites plus) the sentiment and probably further institutional investment stakes will ensure that it goes north of 25 pence a share. So this would mean a 2,500 % increase on the current share price.
31/7/2015
10:49
richgit: At a guess there are 2000 + analysts claiming to be Oil experts,and I must have missed the 1 that spotted what was coming-so I cannot feel too bad for getting Oil so terribly wrong,as it became a sledgehammer in a Financial War It doesn't help though,yet as all mainstream analysts are anti-Gold,that is where the bulk of my money has headed. Is sentiment towards Oil worse than Gold ? That could be a good sign if so-and all we can say is ENEG is not dead yet, though it will take a turn in sentiment to bring in buyers. How much more can the US, destroy to fill the coffers of the Gangster Banks and their leveraged derivatives. We also know the Gangster Dracula (JP Morgan/The Fed) will just as soon take the long side from the profits of their short anything on the Planet. But when ? ENEG`s plans are coming to fruition, and ironically in such a dire Oil Market the Customer potential has multiplied. Will the Oil Price War run its course as demand is still predicted to rise beyond 2020. Will the Saudis be pumping more water before the US Oil shaler debts implode- who knows !. A game that surely hits truth at some point,and then maybe ENEG will be taken more seriously.
02/4/2015
11:01
taxibabe: 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.
31/12/2014
11:48
haydock: 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.
18/12/2014
09:18
joan1234: 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.
31/7/2014
19:45
richgit: Last Throw When you have read the RNS(further down)you will note that this is all above board,in so far that RMRI are related Cos to Mr Minty and known to all Shareholders. Many of the shares held by part of the RMRI Group were sold into the Market between 18-24p) Whether the rest were held hoping they would rise in value (I cannot comment) The Group may require the funds (I cannot comment)-However Dominic being allowed to purchase them at each agreed Fair Market price is nothing sinister in itself . The idea He has bought at 10p and 5.5p and is going to dump at 4p sounds rather fanciful to Me. I would have thought getting those shares at a fair Market price-( above Market price ) looks a good buy to me. Cenkos would argue that Dominic would know what Alan Knows and what the Market knows and thus no insider trading. If RMRI need the Money,or to take some Tax loss,then better Dominic took the stock than shoving it through the Market RNS Number : 5487Y Enegi Oil PLC 23 December 2010 Enegi Oil Plc ('Enegi' or 'the Company') Issuance of Shares/ Director Holding As announced on 29 October 2010, companies, including Risk Management Research Institute Limited, controlled by Alan Minty, Chairman and Chief Executive of the Company (the "RMRI Companies), have provided services to Enegi, including geological, financial, legal and administrative services. These services were provided under the terms of the consultancy agreement dated 1 October 2007 (the "Consultancy Agreement") referred to in the Company's Admission Document. It was also announced that the invoices from the RMRI Companies for services rendered between 31 December 2009 and 30 September 2010, which amounted to GBP548,000, and also interest free interim funding, which amounted to GBP909,000, were to be satisfied by the Company issuing new ordinary shares in Enegi to Alan Minty or his connected companies. The terms of these arrangements have now been agreed:- 1. 3,491,473 new ordinary shares have been issued to the relevant RMRI Companies in full and final settlement of the invoices (which equates to an average issue price of 15.7 pence per share and was determined by reference to the mid market price of the Company's ordinary shares on the dates of the relevant invoices from the RMRI Companies); and 2. 4,636,904 new ordinary shares have been issued to the relevant RMRI Companies in full and final settlement of the interim funding (which is an effective issue price of 19.6 pence per ordinary share). The number of shares to be issued in respect of the satisfaction of the interim funding is equal to the number of shares that were sold by the RMRI Companies to provide the interim funding. As a result, the Company has issued in aggregate 8,128,377 new ordinary shares in the Company to the RMRI Companies. Alan Minty has a controlling interest in the RMRI Companies and, as such, these arrangements constitute a related party transaction for the purposes of Rule 13 of the AIM Rules. The Directors, excluding Alan Minty, consider, having consulted with Cenkos Securities plc, the Company's nominated adviser, that the terms of the transaction are fair and reasonable insofar as its shareholders are concerned. Following this transaction and admission of the new shares, Alan Minty will have an interest in 14,937,288 ordinary shares in the Company, representing 17.0 per cent. of the Company's enlarged issued share capital. An application for admission of the new ordinary shares has been made and Admission is expected to occur at 8.00am on 31 December 2010. RMRI Companies continue to provide services to Enegi under the terms of the Consultancy Agreement. In order to preserve cash in the Company, the Company may elect to settle future invoices from RMRI Companies through the issue of new ordinary shares. If this does occur, such arrangements would constitute a related party transaction for the purposes of Rule 13 of the AIM Rules and a further announcement would be made. In conformity with the FSA's Disclosure and Transparency Rules, the Company notifies the market of the following:
09/7/2014
08:12
haydock: Nicked with thanks from 3i. 007nick Having spoken with lots of people in the industry, I believe Enegi are proceeding down the correct route with their strategy. Whilst I am not currently impressed with the current share price, I believe Enegi have a great future and would like to explain why to those who doubt it. We all understand the current problems with the E&P market ,as recently highlighted by a financial times article. Basically, as stated there has been a huge drop in confidence in the probability of exploration success and history shows this is justified. Enegi have been aware of this problem for a long time and realise that if the problem is severe for the mid-caps and majors, it's a lot worse for the small caps like Enegi. It is the exploration risk which is the problem and the cost of the various exercises and work programmes to reduce such risk. Even following through the risk reduction exercise, there is no guarantee that any project will end up in production. Investors, have different 'risk appetites' and near-term production opportunities are very popular but the only sure production investment is when you purchase production........and even then, there's no guarantee the 'purchased' production profile will be as predicted. Conversely though, the reverse might also apply; there may be more upside than initially anticipated. Another issue in all of this is the need to continually raise more funds to complete the work programmes to advance the projects until production is achieved or the project is shown to be marginal. Shareholders don't like that because of the continual dilution and related uncertainty, which produces a dilemma all round. If you are considering investing in Enegi, you should ask yourself - should a small cap be involved in exploration plays or anyway where there isn't frequent news or a quick way to production. If your answer is yes, then you probably shouldn't be investing in Enegi, look elsewhere. Consequently the outlook for many small caps is bleak as they cannot change their business model. Enegi (more likely Alan Minty) have been smart, they realised this and have been working hard to change the formula, this will enable us to survive and create value. HOW ENEGI WILL CREATE VALUE . As with any asset, the project moves through a range of value-measuring metrics from prospects to resources to reserves. Reserves are traded because they have specified values and the underlying strategy of management is to move to the reserves state before production. Moving to production requires the complex investment and financing and frequently changes the ownership of the project and that's why so many projects are traded between the 'reserves' and 'production' phases. Obviously, production is worth more than reserves but looking at say, the value of reserves in the North Sea, these might trade at between $10 and$15 per barrel depending on the project. Let's say a company has 5 projects with a 50% stake in each and each project following FDP has reserves of 10 million barrels. Then, a company would have 5 x 5 x $10 million = $250 million of reserve value.($375 AT $15). This shows the potential of ABTOG's model and the company by virtue of its IP and business model is able to acquire its stake in projects for between £1 to £2 million per project. Getting to FDP might take 6 months to a year so portfolio can be built at speed. I really believe this is the right way for small caps to go NOW, not getting involved in large scale exploration projects. Re-reading Sir Alan Wood's report, really highlighted this and put Enegi's strategy into perspective.
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