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Investegate |Energean PLC Announcements | Energean PLC: 2020 Full Year Results


 
London, 19 April 2021 - Energean plc (LSE: ENOG, TASE: א) is pleased to announce its audited full-year results for the year ended 31 December 2020 ( FY 2020 ).
 
 
2020 was clearly a challenging year, but nevertheless a successful one for Energean. We completed our acquisition of Edison E&P, agreed to acquire the minority interest in Energean Israel Limited and made solid progress on our flagship Karish gas development.
 
Strong momentum has continued into 2021; we have sanctioned the high-return Karish North and NEA/NI projects and successfully completed a $2.5 billion bond issuance at extremely attractive rates, significantly extending the average maturity-profile of our debt.
 
Our focus in Israel is delivery of first gas from Karish and commencing our 1 billion boe growth programme. Together, these actions will significantly advance us towards our target of paying a meaningful ....

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Investegate |Energean PLC Announcements | Energean PLC: Acquisition of Minority Interest in EISL


 
· $432 million of gross assets
· $157 million of net assets
· $0.5 million of net losses
 
The Company believes that the current Minority Interest financial data is not representative of the value of the assets, or the future cash flows that will be generated by the assets, due to the stage of development of the assets contained within EISL.
 
 
Some of the information contained within this announcement is considered by Energean to constitute inside information, as defined under the EU Market Abuse Regulation, EU No.596/2014. By the publication of this Announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain. The person responsible for arranging for the release of this announcement on behalf of Energean is Russell Poynter, Company Secretary. ....

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