Energean PLC (LSE:ENOG)
£ 10.12 0.095 (0.97%) Market Cap: 1.86 Bil Enterprise Value: 3.73 Bil PE Ratio: 7.26 PB Ratio: 7.73 GF Score: 71/100
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Full Year 2021 Energean PLC Earnings Call Transcript

Mar 24, 2022 / 08:30AM GMT
Release Date Price: £11.78 (+4.06%)
Matthaios Rigas
Energean plc - CEO & Director

Thank you, and good morning, everyone. We are very pleased to be announcing our 2021 results to date, which are in line with what we had guided the market in our trading update in January, record financial results from 2021 driven primarily from a very strong operational performance. And the key message that we are reiterating today is that our flagship project, Karish, is on track for first gas in the third quarter of 2022. We will be talking about that during the call today.

Today, also, we will be announcing our first dividend policy, which we consider to be sector leading. We are very confident about our ability to produce sustainable and stable cash flows from our Israeli and Egyptian business, which is underpinned by long-term gas contracts, giving us predictability of our numbers for the future, and giving us the confidence to be announcing a very strong dividend policy to reward our loyal shareholders.

But Energean is not just about Karish. We are a business that is investing also in growth, continuously. We have 4 projects that

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