Energean PLCLSE Energean Stock Report

Energean Plc is an independent exploration and production company, which focuses on developing resources in the Mediterranean, where it operates assets that have been producing hydrocarbons. The firm has operations in eight countries across the Mediterranean and the United Kingdom North Sea. The firm operates through four segments: Europe, Israel, Egypt and New Ventures. The Europe segment includes Greece, Italy, the United Kingdom and Croatia. The Company’s flagship development assets are the multi-tcf Karish, Karish North and Tanin fields, offshore Israel. The company holds 100% interests in the Karish and Tanin leases, and in Blocks 12, 21, 23 and 31. The company also holds 80% interests in four licenses in Zone D in Israel’s EEZ, with Israeli Opportunity holding the remaining 20%. Italian portfolio consists primarily of production and development and also includes near-field, infrastructure-led optionality with a total of approximately 40 licenses. In Greece, it has approximately 36 million of barrels of oil equivalent (mmboe) 2P reserves and 78 mmboe 2C resources and operates Prinos.