Business
Publication of 2018 Annual Report and Accounts
Publication of 2018 Annual Report and Accounts.
About this update from Energean Plc
[{"type":"text","content":"\n \nRNS Number : 5595W Energean Oil & Gas PLC 18 April 2019 \n\n \n \n \n \nEnergean Oil & Gas plc\n(\"Energean\" or the \"Company\")\n \nPublication of 2018 Annual Report and Accounts\n \nLondon, 18 April 2019 - Energean Oil and Gas plc (LSE: ENOG, TASE: אנאג), the oil and gas producer focused on the Mediterranean is pleased to announce that it has today published its Annual Report and Accounts for the year ended 31 December 2018.\n \nThe full report is available for download on the Company's website at www.energean.com.\n \nA copy of the report has also been submitted to the FCA's National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM.\n \nIn accordance with Disclosure and Transparency Rule 6.3.5(2)(b), the additional information set out in the following Appendix has been extracted unedited from the 2018 Annual Report and Accounts. This information consists of principal risks and uncertainties, related party transactions and the Directors' Responsibility Statement, and should be read in conjunction with the Company's final results for the year ended 31 December 2018 which were announced on Thursday, 21 March 2019.\n \nEnquiries\n\n\n\n\nEnergean\n\n\nTel: 07917 608645\n\n\n\n\nKate Sloan, Head of IR\n \n\n\n \n\n\n\n\nCamarco (Financial PR)\n\n\nTel: 020 3757 4980\n\n\n\n\nBilly Clegg, Owen Roberts\n\n\n \n\n\n\n\n \nAPPENDIX\n \nPrincipal Risks \n \nReserve replacement\nThe Group's long term success depends on its ability to find, develop and acquire additional oil and gas reserves that are economically recoverable. \n \nGeopolitical\nThe geopolitical situation in Israel may adversely affect the Group's business. \n \nHealth, Safety and the Environment\nThe Group is obliged to comply with health and safety and environmental regulations and cannot guarantee that it will be able to comply with these regulations.\n \nProject Execution \nThe Group's success will be partly dependent upon completing the Karish-Tanin Development on budget and on schedule.\n \nProduction\nThe Group's success will be partly dependent upon continuing production from Prinos.\n \nMajor cyber or information security incident\nA cyber-attack could compromise the Group's net...