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ENOG Energean Plc

1,091.00
-15.00 (-1.36%)
Last Updated: 11:05:40
Delayed by 15 minutes
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
  -15.00 -1.36% 1,091.00 1,089.00 1,094.00 1,106.00 1,085.00 1,100.00 424,503 11:05:40
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 737.08M 17.27M 0.0427 254.57 4.39B

Energean Oil & Gas PLC Epsilon First Oil (3577V)

08/04/2019 7:00am

UK Regulatory


Energean (LSE:ENOG)
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RNS Number : 3577V

Energean Oil & Gas PLC

08 April 2019

Energean Oil & Gas plc

("Energean" or the "Company")

Epsilon First Oil

London, 8 April 2019 - Energean Oil and Gas plc (LSE: ENOG, TASE: ), the oil and gas producer focused on the Mediterranean, is pleased to announce successful completion of drilling operations of the extended reach well, EA-H3. The well was brought into production on 1 April and is currently producing at a stable dry oil rate of more than 1,000 bopd on a restricted choke.

The well was drilled to a total measured depth of 5,679 meters and has penetrated 689 meters of the Epsilon sandstone reservoir, in line with pre-drill expectations. Energean will continue to monitor and fine-tune production parameters to ensure optimal production from the well.

The EA-H3 well was drilled using the Company-owned drilling rig, the 'Energean Force'.

Enquiries

 
 Energean                    Tel: 07917 608645 
 Kate Sloan, Head of IR 
 Camarco (Financial PR)      Tel: 020 3757 4980 
 Billy Clegg, Owen Roberts 
 

About Energean Oil & Gas plc

Energean is a London Premium Listed FTSE 250 and Tel Aviv Listed E&P company with operations offshore Israel, Greece and the Adriatic. Energean has 349 mmboe of 2P reserves and 48 mmboe of 2C resources across its portfolio.

In August 2017 the Company received Israeli Governmental approval for the FDP for its Karish-Tanin gas development project, where it intends to use an FPSO and produce first gas in 2021. Energean has already signed contracts for 4.6 bcma of gas sales into the Israeli domestic market. Future gas sales agreements will focus on both the growing Israeli domestic market and key export markets in the region. In Greece, the Company is pursuing an ongoing investment and development programme to increase production from its Prinos and Prinos North oil fields and to develop the Epsilon oil field in the Gulf of Kavala, Northern Greece.

Energean has five exploration licences offshore Israel, and a 25 year exploitation licence for the Katakolo offshore block in Western Greece and additional exploration potential in its other licences in Western Greece and Montenegro.

www.energean.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

April 08, 2019 02:00 ET (06:00 GMT)

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