4 Energy Stock Stories for Investor Appraisal
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January 17, 2013
Page 1 of 4
Eni (NYSE:E): Closing price $52.12
The Italian oil major Eni affirms the commerciality of an oil discovery off Ghana, subsequent to an appraisal well finding a large amount of pay. The discovery was made in September, at the block in the Tano basin 50 kilometres offshore,with the Sankofa East X1 well. The firm has now “immediately commenced plans for the commercial exploitation of the oil reserves” at the Sankofa East discovery on the Offshore Cape Three Points (OCTP) Block.