Share Name Share Symbol Market Type Share ISIN Share Description
Enwell Energy Plc LSE:ENW London Ordinary Share GB0031775819 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  2.10 4.78% 46.00 748,601 16:35:23
Bid Price Offer Price High Price Low Price Open Price
45.40 47.00 48.00 42.10 43.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 42.17 16.41 2.87 16.6 146
Last Trade Time Trade Type Trade Size Trade Price Currency
16:22:07 O 38,193 47.0836 GBX

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Date Time Title Posts
28/10/202116:52Enwell Energy cash rich O&G producer (former RPT)274
08/6/202010:01Enwell Energy cash rich O&G producer (former RPT)-

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Enwell Energy Daily Update: Enwell Energy Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker ENW. The last closing price for Enwell Energy was 43.90p.
Enwell Energy Plc has a 4 week average price of 34p and a 12 week average price of 26.20p.
The 1 year high share price is 48p while the 1 year low share price is currently 17p.
There are currently 318,366,876 shares in issue and the average daily traded volume is 102,409 shares. The market capitalisation of Enwell Energy Plc is £146,448,762.96.
officerdigby: A better explanation yesterday of the revenues coming in and where they were being spent on and for what ultimate purpose yesterday would have ENW share price on a nice on-going upward trajectory. But alas. It's now down to those in know and those who can work it all out themselves to see the potential value here!
xxx: I have also been here since those times. Things are going well operationally, but for this to be reflected in the share price, shareholders need to be able to access that value. Rather than awiat events, I would encourage people to contact management and suggest a dividend, if they are of a similar opinion. Hope is not a strategy.
maloneyt: Yes we have just gone above the price 0f 38p that the new management offered shareholders ALL THOSE YEARS AGO !!! I can't understand why the company doesn't want to pay a dividend, most of it would go to the holding management anyway, as they are the majority shareholder, and there is only a small free float, hence the reason the share price has been at this level ALL THOSE YEARS. Increasing production levels, and a lot of cash, but hardly anything happens to the share price ?? Come on ENW get a move on.......Look at JKX !!!
n13518: Since May 21, ENW has been rising steadily based upon increased production and improved Gas and Oil prices. We are close to the offer price,I think, 40p that was paid by the existing management to the previous majority holder. The current owners are close to their breakeven price. Good to see the shares recover but historically, these have a long way to go, hopefully UP.
officerdigby: ENw needs catalyst. In JKXs case. It was highly productive well and then interims showed cash ballooning. Previously it was at a low because of court rental issues. JKXs most productive asset us at EOL on reserves. Despite new well production is falling. ENW makes same money right now but all of it is reinvested in wells and developing new parts of assets eg VED. Or proving new assets SC. Production is increasing.. See who wins.. ENW, needs one of these wells to be stunner dropping £m's to bottom line with current prices. And SC well to prove up bought reserves C to P2. Don't expect management to start trying to sell the company to the market!
n13518: As a long term investor, I am pleased to see the improvements but ENW/RPT has a habit of kicking shareholders in the teeth. On Dividends, from the results today: "On 25 February 2021, the Company completed a reduction of its share capital through the cancellation of its entire share premium account. This reduction of capital created distributable reserves of the Company, which enables the Company to make distributions to its shareholders in the future, subject to the Company's financial performance. However, the Company is not indicating any commitment, and does not have any current intention, to make any distributions to shareholders".
vk1971: Have read your blog on JKX and ENW. Very well written. Potential is surely there and your analysis is fair albeit more focused at the macro level. There is something to be said about the declining production of both but they have also somewhat reversed these declines with latest wells. For ENW we are still awaiting results of the latest SV 29 well but the rising cash pile for JKX and stable huge cash for ENW gives support to share price. There is also flip side to that especially on JKX as Capex has been reduced. I also think that your assumed average HY21 gas prices are too low and are more likely to be around UAH 8,500-9000 for first 6 months so more like $320 rather than $230 as you assumed. Furthermore for the last 3 months you can easily assume almost double that at an average of UAH16,000 or whopping $600 for thousand m3. Like you, I have invested in both at low prices when I saw that after initial Covid impact both JKX and ENW have stayed quite low and saw that as an opportunity (I am at ENW at 14.75 and JKX 19.7). Can you have a go at projecting a revenue/profit for last 3 months for both ENW and JKX? Thanks
barry7376: I emailed the CFO several months ago, one point raised was about dividends and the reply was there is no plan to start paying dividends and they wanted to fix/cleanup the share capital (who knows for what reason, they stated admin?). So I've given up on receiving divis unfortunately. I'm thinking/hoping that maybe Smart Energy will take it off AIM as they dont need the cash (no need for placings) so what is the point of them being on AIM? Maybe they will buy out remaining free float 13% at 45p. But yes its very frustrating watching the share price move so little especially when spot gas prices are at all time highs. Todays RNS was quite decent and expected a larger move on the share price, 25p is still massively under valuing the company.
maloneyt: Some of the shares traded yesterday were bought above the offer price for some reason. What do they know that we don't ?? Also exactly at the same time JKX share price went down, ENW share price went up !! could it be that JKX are in talks to take over ENW I wonder ??
vk1971: well there is few of us I guess who are still invested. Don't like them releasing this late on Friday even worse is why did they pay Arkona half of the money of $4M knowing that licence can still be challenged in lower court. I am bit confused as to why is this allowed in lower court when apparently Supreme Court has already ruled in favour of Arkona. In RNS they say correctly that remainder of their payment which is another $4M is protected and doesn't have to be paid but what about money already paid? is this going to be lost if Arkona loses? RNS obviously shows confidence in Arkona winning so maybe situation is not that bad but you'd think them thinking about this before and not paying them anything until fully resolved. I hope this will not impact ENW share price on Monday as it is already too low comparing to their cash and the fact that last piece of news was positive well result increasing ENW production by approx. 10% and share price hardly moved on that. If this goes lower Ill prob buy more
Enwell Energy share price data is direct from the London Stock Exchange
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