Nu-oil And Gas Share Discussion Threads

[thecashmoney] 16/2/2019 07:39

15/2/2019
23:04 thecashmoney: Very soon this is going to be the talk of the city . North sea decommission costs in the billions. A headache for operators . However a once commercial asset , that is no longer commercial could be developed by MFDEVCO ( 50 percent owned nuog ) . De com cost of 50 m , deferred for for upfront payment and royalty in revenue. A 50 m cost can be substantially reduced it's a win win win for all. Best of all the potential for growth is unbelievable. If a field takes 3 generators at 55 MW on a ten year lease that's 75 m a year . If only half of that flows to Nuog and I'll work on only 50 percent opex capex 18 m on a forward P/E of 10 that's 180m m cap. That's a share price of 18p. That's only one deal ,How many are going to take this opportunity? DYOR CM

[thecashmoney] 16/2/2019 07:38

15/2/2019
23:04 thecashmoney: Very soon this is going to be the talk of the city . North sea decommission costs in the billions. A headache for operators . However a once commercial asset , that is no longer commercial could be developed by MFDEVCO ( 50 percent owned nuog ) . De com cost of 50 m , deferred for for upfront payment and royalty in revenue. A 50 m cost can be substantially reduced it's a win win win for all. Best of all the potential for growth is unbelievable. If a field takes 3 generators at 55 MW on a ten year lease that's 75 m a year . If only half of that flows to Nuog and I'll work on only 50 percent opex capex 18 m on a forward P/E of 10 that's 180m m cap. That's a share price of 18p. That's only one deal ,How many are going to take this opportunity? DYOR CM

[thecashmoney] 16/2/2019 07:38

15/2/2019
23:04 thecashmoney: Very soon this is going to be the talk of the city . North sea decommission costs in the billions. A headache for operators . However a once commercial asset , that is no longer commercial could be developed by MFDEVCO ( 50 percent owned nuog ) . De com cost of 50 m , deferred for for upfront payment and royalty in revenue. A 50 m cost can be substantially reduced it's a win win win for all. Best of all the potential for growth is unbelievable. If a field takes 3 generators at 55 MW on a ten year lease that's 75 m a year . If only half of that flows to Nuog and I'll work on only 50 percent opex capex 18 m on a forward P/E of 10 that's 180m m cap. That's a share price of 18p. That's only one deal ,How many are going to take this opportunity? DYOR CM

[thecashmoney] 16/2/2019 07:38

15/2/2019
23:04 thecashmoney: Very soon this is going to be the talk of the city . North sea decommission costs in the billions. A headache for operators . However a once commercial asset , that is no longer commercial could be developed by MFDEVCO ( 50 percent owned nuog ) . De com cost of 50 m , deferred for for upfront payment and royalty in revenue. A 50 m cost can be substantially reduced it's a win win win for all. Best of all the potential for growth is unbelievable. If a field takes 3 generators at 55 MW on a ten year lease that's 75 m a year . If only half of that flows to Nuog and I'll work on only 50 percent opex capex 18 m on a forward P/E of 10 that's 180m m cap. That's a share price of 18p. That's only one deal ,How many are going to take this opportunity? DYOR CM

[thecashmoney] 16/2/2019 07:38

15/2/2019
23:04 thecashmoney: Very soon this is going to be the talk of the city . North sea decommission costs in the billions. A headache for operators . However a once commercial asset , that is no longer commercial could be developed by MFDEVCO ( 50 percent owned nuog ) . De com cost of 50 m , deferred for for upfront payment and royalty in revenue. A 50 m cost can be substantially reduced it's a win win win for all. Best of all the potential for growth is unbelievable. If a field takes 3 generators at 55 MW on a ten year lease that's 75 m a year . If only half of that flows to Nuog and I'll work on only 50 percent opex capex 18 m on a forward P/E of 10 that's 180m m cap. That's a share price of 18p. That's only one deal ,How many are going to take this opportunity? DYOR CM

[thecashmoney] 16/2/2019 07:38

15/2/2019
23:04 thecashmoney: Very soon this is going to be the talk of the city . North sea decommission costs in the billions. A headache for operators . However a once commercial asset , that is no longer commercial could be developed by MFDEVCO ( 50 percent owned nuog ) . De com cost of 50 m , deferred for for upfront payment and royalty in revenue. A 50 m cost can be substantially reduced it's a win win win for all. Best of all the potential for growth is unbelievable. If a field takes 3 generators at 55 MW on a ten year lease that's 75 m a year . If only half of that flows to Nuog and I'll work on only 50 percent opex capex 18 m on a forward P/E of 10 that's 180m m cap. That's a share price of 18p. That's only one deal ,How many are going to take this opportunity? DYOR CM

[oldsnrtom] 16/2/2019 00:25

If history repeats itself 0.7p will be 0.0015p soon 🙄 and your initial £100,000 will be £1.25

Minty rocks 😂😂

[oldsnrtom] 16/2/2019 00:21

What's the % loss on £1.81 to 0.7p????

If you had invested £100,000
You would have roughly £350

BOOM 😂😂😂😂8514;

[oldsnrtom] 16/2/2019 00:19

It's not hard to see lots of similarities here as they kick the can down the road from a start price of £1.81 to the current price of 0.7p!!!!

What would a financial advisor say to that progress????

Lol

[oldsnrtom] 16/2/2019 00:18

More pishy waffle

Energi Oil is a UK based fracking company with plans to extract shale gas in the Clare Basin in Ireland

[oldsnrtom] 16/2/2019 00:16

Wood Group is an oil services giant that has confirmed plans to take a 50 per cent stake in the Marginal Field Development Co.

????????????

Lol

[oldsnrtom] 16/2/2019 00:16

Enegi Oil, the Manchester-based oil and gas exploration company, has revealed outline terms of a closer relationship with Wood Group which is set to help exploit marginal offshore fields.

Wood Group is an oil services giant that has confirmed plans to take a 50 per cent stake in the Marginal Field Development Co.

[oldsnrtom] 16/2/2019 00:14

where I will concentrate on strategy and supporting the process of acquiring projects, an initiative I have worked hard to develop for many years.”

????????????????????????????????

[oldsnrtom] 16/2/2019 00:13

Specifically this bit of pish!!

Burton said: “Having worked with the team for several months and watched how the MFD Consortium has been created, I believe that Enegi is well positioned to take advantage of the growing number of real opportunities in this field.”

Alan Minty said: ” Nigel will replace me in the role of chief executive officer but I will continue to work with the company in an executive capacity as chairman, where I will concentrate on strategy and supporting the process of acquiring projects, an initiative I have worked hard to develop for many years.”

[oldsnrtom] 16/2/2019 00:12

This is even better!!!


Enegi Oil, the independent oil and gas company, has appointed Dr Nigel Burton as its new chief executive.

Burton, who has over 25 years’ experience of the energy and utilities industries, replaces Alan Minty, who remains on the board as executive chairman.

The company will continue to pursue its “marginal gains” strategy to build a portfolio of field or royalty interests in global oil and gas projects where it feels it can deliver a significant cost savings through the application of new technical solutions.

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Burton spent 15 years as CFO of a number of private and public companies, including Navig8 Product Tankers, PetroSaudi Oil Services Limited, Advanced Power AG, and Granby Oil and Gas plc, a UK based E&P company which was admitted to AIM in 2005 and subsequently sold in 2008.


He is a chartered electrical engineer (FIET) and a Past President of the IET.

Enegi has a 50% stake in ABT Oil and Gas (Abtog), which is spearheading the Marginal Field Delivery Consortium aimed at putting in place technology to exploit oil and gas discoveries considered too small to be developed by conventional methods.

The company’s operations are focused on opportunities around the Port au Port Peninsula in Newfoundland, Canada, the Clare Basin in County Clare, Ireland and the UK North Sea.

Burton said: “Having worked with the team for several months and watched how the MFD Consortium has been created, I believe that Enegi is well positioned to take advantage of the growing number of real opportunities in this field.”

Alan Minty said: ” Nigel will replace me in the role of chief executive officer but I will continue to work with the company in an executive capacity as chairman, where I will concentrate on strategy and supporting the process of acquiring projects, an initiative I have worked hard to develop for many years.”

[oldsnrtom] 16/2/2019 00:09

More pishy waffle only 2018

PVF, Enegi Oil Sign Garden Hills Farm-In Deal

 Thursday, May 24, 2018 - 8:10am

   7 

Enegi Oil has entered into non-binding heads of terms with PVF Energy Services under which PVF will farm into production lease 2002-01(A) in western Newfoundland, the company said on May 24.

The company anticipates that the head of terms will lead to the parties entering into a definitive agreement within 75 days, subject to all legal and regulatory approvals having been obtained or waived.

The heads of terms sets out that PVF would farm-in to the lease in two stages, (i) completing a 3-D seismic survey covering a minimum of the area of PL2002-01(A) in return for a 21% interest in the lease. The seismic, which is expected to cost in excess of CA$5 million (US$3.8 million), will be funded 100% by PVF and (ii)following the completion of the seismic, PVF will fund a new well into PL2002-01(A) in return for a further 49% interest in the lease. PVF will fund 100% of the cost of the farm-in well, anticipated to be in excess of CA$12 million (US$9.3 million). The location of the farm-in well will be determined by agreement between Enegi and PVF.

The final costs incurred by PVF to undertake the work program as set out above, if different from the expected costs, will not affect the interest earned by PVF.

The company anticipates that a new well will target areas of hydrothermal dolomite down-dip from the current PAP#1-ST#3 well, which demonstrate enhanced connectivity and porosity and are therefore believed to be able to deliver higher flow rates. Increasing production rates will significantly increase the total volume of oil that can be commercially recovered from Garden Hill and, as a result, drilling the proposed well will improve the economic return from the lease.

In return for funding 100% of the costs, PVF will also earn interest in the site infrastructure in line with their interest in the lease. Nu-Oil and PVF will be liable for abandonment obligations in proportion to their lease interests. Enegi Oil Inc. will remain as operator of the lease until completion of both stages of the farm-in.

PVF continues to work towards restoring production from the PAP#1-ST#3 well. As announced on May 8, the Department of Natural Resources has approved the program for the production test at the PAP#1-ST#3 well at Garden Hill, and preparations for this test, which is expected to last between 30 and 90 days, are currently under way.

[oldsnrtom] 16/2/2019 00:05

More pish

htt p://www.thebusinessdesk.com/northwest/news/92855-enegi-oil-s-shares-gush


November 19 2010

 |

TheBusinessDesk.com

 

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SHARES in Manchester-based oil exploration firm Enegi Oil have jumped by almost a quarter to 20.25p after the company revealed favourable results of a progress report at its Garden Hill South site in Newfoundland.

The site is being developed by Dragon Lance Management Corporation, which said that prospects for the site’s most advanced well, PaP#1, had exceeded expectations.

It said the report was capable of “sustained production” of 200 barrels of oil per day (bopd), or 300 bopd if a pump or artificial lift was installed. The company had indicated earlier this year that the well was economically viable at 60 bopd.

DLMC said that production rates could increase as its work-over of the well completes.

Alan Minty, CEO of Enegi Oil, said: “The update from DLMC is very welcome and confirms our long held belief in the potential of GHS.

“These are exciting times for the Company and we look forward to receiving and providing the market and our investors with further updates, as we continue to benefit from DLMC’s practical and operational experience.”

Enegi farmed out production responsibility at the PaP#1 well in December last year, in a deal which gave dragon a 30% stake in the project but reduced Enegi’s capital outlay.

[oldsnrtom] 16/2/2019 00:02

More waffle

ENEGI OIL PLC AIM ticker: 'ENEG'

12 December 2011

Enegi Oil Plc

('Enegi' or 'the Company')

EL1070 Update

As announced by the Company on 16th August 2010, Enegi via its wholly owned subsidiary PDI Production Inc. ("PDIP") entered into a farm-out agreement with Dragon Lance Management Corporation ("DLMC") with respect to development of the deep rights in EL1070 ("EL1070 Farm-Out Agreement").
Further to the announcement by the Company on 6 December 2011, Enegi is pleased to announce that it has received confirmation from DLMC that it, and its investors, remain fully committed to the EL1070 Farm-Out Agreement and are currently waiting on drilling operations on the 3K-39 well to be completed and on the results of the subsequent application for a Significant Discovery Licence over the EL1070 area.
Under the EL1070 Farm-Out Agreement DLMC are obliged to:

[oldsnrtom] 16/2/2019 00:00

March 2012, 15:59

Source - SMW

Enegi Oil's (LON:ENEG) shares were down by more than 15% in late afternoon trading despite it being pleased with initial results from the workover programme at Garden Hill South property in Newfoundland. The company says the workover is continuing as planned and the PaP#1-ST#3 well has been flowed using various choke sizes and the associated pressure response from the wellbore is being continually monitored. The majority of the injected chemicals and spent acid have been removed with the lower water content seen recently indicating that this phase of the workover is nearing completion. Once all the injected chemicals and spent acid have been removed, the well will be shut-in to allow the bottom hole pressure to recover prior to embarking on a long term flow test to determine the long term sustainable production rate.

[oldsnrtom] 15/2/2019 23:58

That's dilution of the largest magnitude. Now 0.7p

[oldsnrtom] 15/2/2019 23:57

2008 Enegi ico price was £1.81 pence per share.

Unbelievable

[oldsnrtom] 15/2/2019 23:55

Same old waffle 5 years on

[oldsnrtom] 15/2/2019 23:55

Enegi Oil Plc is an independent oil and gas company whose strategy is to build a diverse portfolio of assets with a strong emphasis on acquiring interests in marginal fields. These marginal fields are low risk highly-appraised projects and consequently the Company's entry cost will be low. Enegi will look to develop these assets utilising ABTechnology's buoyant solutions, which are appropriate and change the development economics of a project. This is also expected to enable the early booking of reserves. The Company's current portfolio is made up of operations focused on opportunities around the Port au Port Peninsula in Newfoundland, Canada, the UK North Sea and Jordan. The Port au Port Peninsula is located in western Newfoundland, which, alth ough lightly explored, is in an active petroleum system with light oil having been discovered on a number of occasions. The Company's licences in the UK North Sea have discovered hydrocarbons on them and have been selected based on buoy technology operating criteria. The Company has also entered into the highly prospective Dead Sea and Wadi Araba Block in Jordan with its partner Korea Global Energy Corporation. ABT Oil & Gas is a joint venture company owned 50/50 by Enegi and ABTechnology. ABT Oil & Gas's strategy is to build a portfolio of marginal field opportunities which can be developed using appropriate and proven technology. The application of the technology in developing marginal fields has the potential to significantly change the economics surrounding a project thus making it viable to develop. ABT Oil & Gas will only consider projects that are based upon discovered hydrocarbons, thus are deemed to be lower risk, and will look to gain an interest in the project in return for providing an appropriate development solution. The Company's initial area of focus is on the UKCS.