Libya's National Oil Company Reports Three New Oil and Gas Discoveries [Yahoo! Finance]
ENI S.p.A. (E)
US:NYSE Investor Relations:
eni.com/en_it/investors.page
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Source: Yahoo! Finance
activity is gaining traction again across some of the country's most important producing regions. The highest-profile result came offshore western Libya, where NOC and Eni North Africa drilled the J1-4/16 exploration well in Block D and confirmed a new gas discovery around 95 kilometers from shore. The well reached a total depth of 10,458 feet, with tests on the Metlawi reservoir delivering 14 million cubic feet per day in one test and 24 MMcf/d in a second test under a wider choke. The discovery also marks the completion of the ninth and final contractual exploration obligation under Contract 4/16, originally signed in June 2008. Onshore, NOC and Repsol Libya Branch reported a new oil discovery in Contract Area 131/130 in the Murzuq Basin, around 800 kilometers south of Tripoli. The J1-4/130 exploratory well was drilled to 4,325 feet and is producing an average of 763 barrels per day from the Mummiyat Formation. The well is the fifth completed under the eight-well commitment set
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News
- ENI (E) was upgraded by Rothschild & Co Redburn from "hold" to "strong-buy".MarketBeat
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- This Top Oils and Energy Stock is a #1 (Strong Buy): Why It Should Be on Your Radar [Yahoo! Finance]Yahoo! Finance
- ENI (E) was upgraded by Zacks Research from "hold" to "strong-buy".MarketBeat
- Analyst Raises Eni (E) Price Target to $58.80 [Yahoo! Finance]Yahoo! Finance
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- 4/7/26 - Form 6-K
- 3/24/26 - Form 6-K
- E's page on the SEC website