Energean PLC (LSE:ENOG)
£ 10.4 -0.33 (-3.08%) Market Cap: 1.91 Bil Enterprise Value: 3.82 Bil PE Ratio: 12.64 PB Ratio: 3.52 GF Score: 74/100
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January 2024 Energean PLC Trading and Operations Update Call Transcript

Jan 18, 2024 / 08:30AM GMT
Release Date Price: £9.33 (-0.74%)
Operator

Ladies and gentlemen, welcome to the Energean January Trading and Operational Update Presentation. My name is Laura, and I will be your operator for your call this morning. I will now hand you over to Mathios Rigas, CEO.

Mathios Rigas Energean plc;CEO

Good morning, everyone, and thank you for joining our call today. Let me start today with some highlights of our results, our trading update. I think the biggest message that I want to give to everyone today is that 2023 was a year that Energean turned the corner and became a major gas producer in the East Med. Full year production of 123 barrels -- 123,000 barrels a day is representing a 200% increase versus our '22 numbers and that continues to grow.

Peak production reached 150,000 barrels of oil equivalent per day, and our exit was about 143,000 barrels. So we have become a major producer of gas in the East Med, and we continue to grow our production base. Panos will go through our financial performance, but it has been a solid year with close to $1.4 billion of revenues, EBITDAX of $925 million

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