Current E Stock Info

Eni S.p.A. (ticker: E) believes its Zohr Prospect, located about 120 miles off the coast of Egypt, could hold as much as 30 trillion cubic feet (Tcf) of lean gas, the company announced on August 30, 2015. According to the news release, the discovery is reportedly the largest in the history of both Egypt and the Mediterranean Sea.

The Zohr Prospect was drilled in 4,757 feet of water depth and reached total depth of 13,553 feet, encountering 2,067 feet of hydrocarbons in the Miocene formation. More than 1,300 feet are anticipated to yield net ...


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