Energean ( (GB:ENOG) ) just unveiled an update.
Energean plc reported a significant increase in production and financial performance for 2024, with a 24% rise in group production and a 25% increase in revenues. The company continues to develop its assets, with key projects in Israel and Greece, and has secured substantial funding for its Prinos carbon storage project. Despite geopolitical challenges, Energean maintained high operational uptime and is focused on long-term growth and sustainability, supported by strong gas sales agreements and a commitment to reducing emissions.
More about Energean
Energean plc is an oil and gas company operating primarily in the East Mediterranean region. The company focuses on the exploration, development, and production of oil and gas assets, with a diversified portfolio that includes operations in Israel, Greece, the UK, and other countries. Energean is known for its flagship Karish and Karish North fields in Israel and is actively involved in carbon storage projects and decommissioning operations.
YTD Price Performance: -17.43%
Average Trading Volume: 314,532
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.61B
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