Energean PLC (LSE:ENOG)
£ 9.92 -0.1 (-1%) Market Cap: 1.82 Bil Enterprise Value: 3.72 Bil PE Ratio: 12.05 PB Ratio: 3.36 GF Score: 74/100
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Full Year 2022 Energean PLC Earnings Call Transcript

Mar 23, 2023 / 08:30AM GMT
Release Date Price: £12.19 (+9.13%)
Operator

Good day, and thank you for standing by. Welcome to the Energean plc Full Year 2022 Results Conference Call. (Operator Instructions) Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Matthaios Rigas. Please go ahead.

Matthaios Rigas
Energean plc - CEO & Director

Good morning, everyone, and thank you for joining our results call today. I will start with a general comment, 2022 was a transformational year for Energean, a year where our vision became an operational reality. I remind everyone, 5 years ago, we were a Prinos only producer, today, we are on track to get to our target of 200,000 barrels a day from the Vitol EastMed region, where our Israel project has commenced production in October. We have now completed commissioning. We have notified our buyers or we started to notify our buyers that all the contracts go into full take-or-pay mode. As we have said in the past, most of our gas is contracted with long-term contracts to very high-quality Israeli names.

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