|
Energean PLC - FTSE 250-listed gas exploration and production company - Finds gas of between seven and 15 billion cubic metres at Hermes exploration well offshore Israel. The company names acreages, which are areas of land, after Greek gods. ‘Detailed analysis of the data collected by the well is ongoing, with the aim of refining volumetric estimates and potential commerciality for both the discovery and the full area. The Hermes discovery has helped to de-risk the nearby Poseidon and Orpheus structures, which represent attractive potential future appraisal targets to fully assess the potential of the area around block 31,’ firm states.
Further, the Stena IceMax drillship will drill the Zeus structure, which Energean expects to contain around 10 to 12 billion cubic metres of gross unrisked gas resources. The company will drill a sixth well with Stena Drilling Ltd, presumably at the Hercules prospect offshore Israel.
Current stock price: 1,409.00 pence, up 0.7% on Thursday
12-month change: up 58%
Copyright 2022 Alliance News Limited. All Rights Reserved.
|
