Thursday's agenda: Enegi Oil to grab the spotlight


(MENAFN- ProactiveInvestors) You can tell Christmas is almost upon us as results from the big boys have started to dry up.

If last year’s results schedule is any guide we should be due a full-year results announcement from marginal oil field specialist Enegi Oil (LON:ENEG).

The AIM-quoted company is working to roll out technologies that reduce costs and make smaller oil fields viable.

As such the company is ploughing a different furrow to most oil & gas development companies but the slumping oil price has still had an effect on the company’s activities.

It recently updated on the pending Fyne field project saying discussions are continuing between Antrim Energy Enegi’s partner and the operator and the Department of Energy and Climate Change (DECC) regarding the development plan.

Separately Enegi said talks about the broader initiative continue with Wood Group as well as other complementary major industry partners.

Updates on these discussions will be eagerly received by shareholders who have seen the share price crater this year which has not been a good one for the oil sector.Significant announcements expected

Finals: LXB Retail Properties (LON:LXB) Enegi Oil (LON:ENEG)

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