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Brooge Energy Shares Surge Amid Strategic Developments
NASDAQ
BROG
May 28, 2025 | 1:12pm
BROOGE ENERGY LIMITED
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Websiteāļø ATTN Trigger: Stock isĀ SoaringĀ in price.
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BROOGE ENERGY LIMITED (NASDAQ: BROG)
Introduction
Brooge Energy Limited is a Cayman Islandsāincorporated company listed on the Nasdaq Stock Market under the ticker BROG. Through its wholly owned subsidiary, Brooge Petroleum and Gas Investment Company FZE (BPGIC), the company operates midstream oil storage and related services from the Emirate of Fujairah, United Arab Emirates.
Corporate Structure and Workforce
- Parent Company: Brooge Energy Limited
- Subsidiary: Brooge Petroleum and Gas Investment Company FZE (BPGIC)
- Employee Count: 51ā200 (LinkedIn estimate)
- Ordinary Shares Outstanding: 109,587,853 (as of December 31, 2024)
- Escrow Shares: 20,000,000
Business Operations and Assets
BPGICās facilities are positioned adjacent to the Port of Fujairah, recognized as a significant bunkering hub. Key features include:
| Facility Phase | Tank Count | Storage Capacity (cbm) |
|---|---|---|
| Phase I | 14 | 399,324 |
| Phase II | 8 | 601,600 |
| Total | 22 | 1,000,924 |
Services and infrastructure:
- Storage of clean petroleum products, biofuels, and crude oil
- Blending, heating, and additive injection
- High-capacity pumping (up to 16,000 mĀ³/hour)
- Stripping system reducing product loss significantly
Financial Overview (Trailing Twelve Months as of May 2025)
| Metric | Value |
|---|---|
| Stock Price (2025-05-28) | $4.91 |
| Price Change (1-Day) | +53.92% |
| Trading Volume (2025-05-28) | 3,074,160 |
| Market Capitalization | $349.6 M |
| Enterprise Value | $580.2 M |
| Revenue | $76.47 M |
| Net Income | $4.44 M |
| Profit Margin | 5.80% |
| EPS (TTM) | $0.05 |
| Trailing P/E | 63.80 |
| Total Cash | $13.45 M |
| Total Debt / Equity | 398.7% |
| Price / Sales | 3.74 |
| Price / Book | 5.71 |
| EV / Revenue | 7.59 |
| EV / EBITDA | 13.75 |
| Average Daily Volume | 78,835 |
Strategic Developments
- June 5, 2024: Press release details engagement in clean petroleum products, biofuels, and crude oil storage through BPGIC.
- May 1, 2025: 20-F Annual Report confirms 109.6 million shares outstanding and Nasdaq listing under āBROG.ā
- May 27, 2025: Form 6-K reports a conditional sale and purchase agreement for BPGIC and its Phase III subsidiary with Gulf Navigation Holding PJSC.
Market Position and Industry Context
- Location Advantage: Fujairah's position outside the Strait of Hormuz facilitates significant oil flows.
- Independent Storage Role: BPGIC provides strategic storage capacity for oil majors and traders, emphasizing rapid order processing and low product loss.
- Expansion Plans:
- A Phase III facility is under negotiation for refinery operations with a capacity of 25,000 barrels per day of IMO 2020-compliant bunker fuel.
- Additional storage and refining expansions are in the design stages.
tl;dr
- On May 28, 2025, BROG shares rose 53.92% to $4.91 on volume of 3,074,160 shares.
- May 27, 2025 SEC 6-K: Brooge Energy entered a conditional sale agreement of its subsidiaries to Gulf Navigation Holding PJSC.
- A Phase III refinery project and further storage expansions are currently in advanced planning.
- Future developments will depend on the completion of the Gulf Navigation transaction and the execution of the Phase III refinery build-out.
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