Edinburgh Oil and Gas

Article Abstract:

Edinburgh Oil and Gas has not benefited from price rises as much as some petroleum companies because gas accounts for some 75% of the company's revenues, and this has also affected its stock price, which has not risen by as much as some petroleum companies. Edinburgh has begun a has storage operation, and the company's coal gas project in Stoke on Trent, England, should bring in a cash flow of over 300,000 annually for over a decade. The company offers growth potential, despite risks from a possible drop in petroleum prices.

Natural gas transmission, Gas production and-or distribution, Gas Storage, Manufactured Gas from Coal, Natural gas storage, Coal gasification, Manufactured gas

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Slick work puts a tiger in EOG's tank

Article Abstract:

Edinburgh Oil and Gas (EOG) holds a 46.7%stake in West Firsby oilfield where the company is drilling a new well. The cost will be some 0.5 million pounds sterling if no result is achieved. The company holds ten stakes in gas and oil fields previously owned by large oil firms. EOG has low overheads so operates the fields efficiently. The company performed well in 1st half 1995 and reported a 378,000 pounds sterling pre-tax profit compared to a previous loss. EOG's profit is estimated at 560,000 pounds sterling for 1995, rising to 650,000 for 1996 by Allied Provincial.

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Slick work at Edinburgh Oil and Gas

Article Abstract:

Edinburgh Oil and Gas reported a rise in production for 1996 and a further rise is forecast. The company could achieve a 150% increase in sales to 5 million pounds sterling for 1997 compared with 1994. The company is acquiring onshore properties and plans to establish a gas storage facility at Hatfield Moors, UK, with Scottish Power as a possible partner. The company's profit is forecast at 800,000 pounds sterling for 1997 by Bell Lawrie White.

Gas Production and Distribution, Gas Distribution, Gas industry, Natural gas distribution

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