Energean Plc: Conference call takeaways

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Energean Plc: Conference call takeaways

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Energean Plc

Conference call takeaways

Company Update

Energean: projects progressing, gas focus, text 22 June 2026

We hosted a webcast with Energean Plc corporate finance director, Maria Martin, and Global Emerging Markets | Corporate

investor relations manager, Kyrah McKenzie, on June 16. The discussion highlighted a Credit

credit-positive, execution-oriented story. About 80% of production comes from gas in EMEA | United Kingdom

Oil & GasIsrael and Egypt under contracts with floors or collars. Export opportunities could

improve pricing in the future, with up to 1bcm/yr of export capacity after 2028. Kay Hope

Energean’s key development project in Israel is on track for first gas in 1H27, and a Research Analyst

MLI (UK)

second oil train on its existing FPSO will soon add liquids capacity. We are +44 20 7995 9301

Marketweight on ENOGLN 2031€s and on project bonds ENOIGA 2028$-2031$. kay.hope@bofa.com

Ali Dhaloomal

Long reserve life, high productivity, visible cash flows ResearchMLI (UK) Analyst

A main differentiator for Energean is its 1bn boe of 2P reserves, with 80% gas and an +44 20 7996 9107 ali.dhaloomal@bofa.com

18-year reserve life, versus a peer average closer to 10 years. More than 80% of

reserves are in Israel, where each of four producing wells can deliver up to 300mn scf/d

or 50-55kboepd, supporting long-duration, visible cash flows.

Related research:

EM Credit - Europe: Israeli corporates:Israel is the engine, contract terms reduce downside

Leviathan, Energean, Israel Electric

Israel provides about 70% of group production and ca.40% of Israeli gas demand.

Output averaged 113kboepd in 2025, split between 99kboepd gas and 14kbpd liquids. Energean Israel: Capex in 2026 buys growth