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TSX Lithium explorer International Lithium Corp prepares to drill at Raleigh Lake Watch Now

TSX Lithium explorer International Lithium Corp prepares to drill at Raleigh Lake
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Enquest Share Chat (ENQ)



Share Price: 19.00Bid: 19.13Ask: 19.20Change: 0.00 (0.00%)No Movement on Enquest
Spread: 0.07Spread as %: 0.37%Open: 19.00High: 0.00Low: 0.00Yesterday’s Close: 19.00


Share Discussion for Enquest




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L3Trader
Posts: 673
Opinion:No Opinion
Price:20.08
RE: It's a gas
19 May '19
Hi Therapist,

Please ignore the following passage of my message "note 2 of the table does nor square with what is stated in the top row. So, I would have to read the report in detail to see if I could reconcile the notation."
It is all fine, it is about the totals, so all makes sense. Note 3 in there: "Gas Sales refers to the total gas export stream that has been forecast, including both gas that is indigenous to Magnus and that which is composed of recirculated imported injection gas. The Reserve of Sales Gas attributable to Magnus is 27.7 Bscf. " helps but does not solve the riddle as we do not know the part of the gas used as Fuel that is produced by Magnus.
Hope that somehow this will help...
 
L3Trader
Posts: 673
Opinion:No Opinion
Price:20.08
RE: It's a gas
19 May '19
Hi Therapist,

I suggest you read the rights issues prospectus, namely the GCA's report in there:

https://www.enquest.com/fileadmin/content/Corporate_actionsPDFs/Rights_Issue/RIProspectus.pdf

In there you can find on page 203 of the file (not of the report) a table with projected production and sale of oil and NGL and gas for the lifetime of the field (given the assumptions made at the time the report was written) for the mid-case scenario.

As you will find there is a bit more of boepd besides oil. For 2019 NGL bdp would be 659. There is also the other gas but note 2 of the table does nor square with what is stated in the top row. So, I would have to read the report in detail to see if I could reconcile the notation. But I bet that the gas figure in there amount to b/w 1,000 and 2000 boepd...

Btw, given the production data you retrieved from the OGA and that you shared, oil production is above the projected figure of 16.789 bopd.

Btw, can you access Kraken's production for March?
You posted February's net production as 20390. So that makes it 28922 gross.

Chilting, many thanks for your data on the partial offloads #36. I hope AB can confirm production b/w 40K to 45K bopd day after day, week after week.

GLAll
Therapist
Posts: 109
Opinion:No Opinion
Price:20.08
It's a gas
19 May '19
Hi learned enquestrians,

I'm trying to get my head around the value of the "e" in boepd and assume it is all associated gas. From OGA figures I estimate about £1.75 million current potential value per year from North Sea with vast majority coming from Magnus. I know we use some of it for fuel and injection so can't sell it all. I know there is Malaysian gas also but have no numbers. Compared to annual report 2018 which has annual condensate and gas sales at $43.1 million there is quite a disparity. The annual report does flag up an unquantified cost against that 43.1 figure (purchased gas being sold). So we produce condensate and gas, sell some, re-inject some, regain some of the injected stuff, buy gas in and do any of the latter three options to that. Can anyone with more knowhow tell me whether the income from gas is actually significant? Or let me know gently if I have it all wrong. xxx




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