ENOG reports free cash flow up 36% and profit after tax up 45%
Energean says first-half free cash flow rose 36% and profit after tax increased 45% year-over-year, despite an Israel production shutdown. Milestones cited include a second oil train in Israel and a new $1.4B gas contract.
Strong first-half results showed free cash flow up 36% and profit after tax up 45% year over year, despite a production shutdown in Israel. 4B gas contract and progress on Katlan and the merger of its Egyptian concession.