Eni finds more oil offshore Mexico containing up to 200M boe

  • Eni (E) says it made a new discovery in its Block 10 area of the Cuenca Salina Sureste basin offshore Mexico which could contain 150M-200M boe in place, according to preliminary estimates.
  • The company says the Sayulita-1 deepwater well found 55 meters of net pay of good quality oil in the Upper Miocene sequences.
  • According to Russia's Lukoil (OTCPK:LUKOY), Sayulita-1 is the second consecutive successful well drilled under its partnership with operator Eni .
  • Eni says the presence of nearby discoveries increases the viability of developing Sayulita, as several Block 10 prospects could be developed together.

    Over the current book year the total revenu from the company based in Rome will be 64.53 billion euros (consensus estimates). This is hugely more than 2021's revenue of 43.99 billion euros.

    Historical revenues and results Eni plus estimates 2021

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    The analysts expect for 2021 a net profit of 3.06 billion euros. According to most of the analysts the company will have a profit per share for this book year of 81 cent. So the price/earnings-ratio equals 12.94.

    Huge dividend Eni

    For this year the analysts expect a dividend of 81 cents per share. Eni 's dividend yield thus equals 7.73 percent. The average dividend yield of the oil & gas producers equals an attractive 2.79 percent.

    Based on the current number of shares Eni 's market capitalization equals 37.43 billion euros. 32

    Historical stock prices Eni

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    At 13.35 the stock trades 0.32 percent higher at 10.48 euros.

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