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07.11.22 – Energean drilling programme discovers more gas off Israel

LONDON, Nov 7 (Reuters) – Eastern Mediterranean-focused oil and gas producer Energean (ENOG.L) has made a commercial discovery at its Zeus exploration well off the coast of Israel and upgraded its neighbouring Athena discovery, it said on Monday.

Energean’s shares rose by nearly 4% to 16 pounds by 0927 GMT for their highest since the company listed in London in 2018.

Athena could be linked to the floating production and storage vessel (FPSO) Energean uses to send gas to the Israeli market from its flagship Karish field.

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