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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Energean Plc | LSE:ENOG | London | Ordinary Share | GB00BG12Y042 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
7.00 | 0.65% | 1,086.00 | 1,085.00 | 1,087.00 | 1,097.00 | 1,075.00 | 1,079.00 | 289,472 | 16:28:02 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 1.42B | 184.94M | 0.4576 | 23.73 | 4.39B |
TIDMENOG
RNS Number : 1854J
Energean PLC
18 December 2020
Energean plc
("Energean" or the "Company")
RE-ADMISSION OF SHARES
London, 18 December 2020 - Energean plc (LSE: ENOG, TASE: ) announces that, further to the announcement on 17 December 2020 regarding the completion of the acquisition of Edison Exploration & Production S.p.A., its entire issued share capital of 177,089,406 ordinary shares has today been re-admitted to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the main market for listed securities of the London Stock Exchange plc.
Energean maintains its Secondary Listing on the Tel Aviv Stock Exchange and its shares remain fully transferrable and fungible between the two markets.
Enquiries
Energean Investors and analysts Kate Sloan, Head of IR & ECM Tel: +447917 608645 Media Sotiris Chiotakis, Corporate communications and Tel: +30 6932663877 media relations Morgan Stanley (Sole Sponsor, Financial Adviser and Joint Corporate Broker) Tel: +4420 7425 8000 Andrew Foster Michael O'Dwyer Mutlu Guner
About Energean plc
Established in 2007, Energean is a London Premium Listed FTSE 250 and Tel Aviv 35 Listed E&P company with operations in nine countries across the Mediterranean and UK North Sea. Since IPO, Energean has grown to become the leading independent, gas-focused E&P company in the Eastern Mediterranean, with a strong production and development growth profile. The Company explores and invests in new ideas, concepts and solutions to produce and develop energy efficiently, at low cost and with a low carbon footprint.
Energean's production comes mainly from the Abu Qir field in Egypt, and fields in Southern Europe and the UK. The company's flagship project is the 3.5 Tcf Karish, Karish North and Tanin development offshore Israel, where it intends to use the only FPSO in the Eastern Mediterranean to produce first gas, commencing 4Q-2021. Energean has signed firm contracts for 7.4 Bcm/yr of gas sales into the Israeli domestic market, which have floor pricing, take-or-pay and/or exclusivity provisions that largely insulate the project's revenues against global commodity price fluctuations and underpin Energean's goal of paying a meaningful and sustainable dividend.
With a strong track record of growing reserves and resources, Energean is focused on maximising production from our large-scale gas-focused portfolio to deliver material free cash flow and maximise total shareholder return in a sustainable way. ESG and health and safety are paramount to Energean; it aims to run safe and reliable operations, whilst targeting carbon neutrality across its operations by 2050. These aspirations have been significantly advanced with the completion of the Edison E&P acquisition in December 2020.
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(END) Dow Jones Newswires
December 18, 2020 07:15 ET (12:15 GMT)
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