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Enquest Share Chat (ENQ)



Share Price: 26.00Bid: 25.75Ask: 27.50Change: 0.00 (0.00%)No Movement on Enquest
Spread: 1.75Spread as %: 6.80%Open: 26.00High: 0.00Low: 0.00Yesterday’s Close: 26.00


Share Discussion for Enquest


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OkayLoki
Posts: 21
Off Topic
Opinion:No Opinion
Price:25.75
RE: RE: Amundsen Spirit
Wed 05:10
Close by is another tanker called Ryman with a draught of 8.3m. Will keep an eye to see if they transfer. Obsessive I know, but hey ho ... beats working.
 
chilting
Posts: 1,365
Off Topic
Opinion:No Opinion
Price:25.75
RE: Amundsen Spirit
Tue 23:42
is now moored in the anchorage off the coast of Southwold.
Ollyrepair
Posts: 35
Off Topic
Opinion:No Opinion
Price:25.75
API
Tue 22:04
Well that's quite a large draw ! Should help with the bullish oil prices.
MatrixObserver
Posts: 1,150
Off Topic
Opinion:No Opinion
Price:25.75
RE: 2018
Tue 20:29
Fair point Ollyrepair

Magnus should be pretty cash neutral until Jan 2019...

If you listen to ENQ presentation, Magnus 2P currently approx 65m barrels, but Neil McCulloch, reckons can add 50+ million to that, also several prospects near by !!!

Matrix will discount Magnus, but in truth is a good asset...

Best wishes
Ollyrepair
Posts: 35
Off Topic
Opinion:Strong Buy
Price:25.75
RE: 2018
Tue 20:20
That's very true but I will leave Magnus out until we know production figures at some point next year.
If oil were to reach $75 next year then that debt won't take too long to pay off.
But for now we are relying on k reaching plateau production early next year.
MatrixObserver
Posts: 1,150
Off Topic
Opinion:No Opinion
Price:25.75
RE: 2018
Tue 20:03
Ollyrepair

Don't forget we can add 25% Magnus from next year... With a further 75% in 2019 (if all works out) !!!

20-30k gross there (when 3 x new wells drilled - 16k in 2016) + SVT and economy of scale savings !!!

Best wishes and good night

MO
Ollyrepair
Posts: 35
Off Topic
Opinion:Strong Buy
Price:25.75
2018
Tue 19:30
So next year providing k produces a net 35k to enq, that would give a total production of 65-70k bopd
Opex=$23 pb, capex reduced to around $330m
Oil at $60 would give Enq a profit of approx $590m
I would have to agree, once k does hit 50kbopd then as Rupert Hargreaves believes Enq share price could even triple from where we are today.
MatrixObserver
Posts: 1,150
Off Topic
Opinion:No Opinion
Price:25.75
RE: 2018
Tue 16:29
Matrix does not care one iota about Solan (will do if in PMO)... Which is due to be fixed in 2019

More interested in Alma/Galia due to be fixed in 2018 !!! Enq confident post fix will do 20k bpd gross (13k net)

With some other work-overs...

and Brent's at $65 and ENQ doing 75-80k, we'll be in the FTSE 250 :-)
oiluser
Posts: 2,092
Off Topic
Opinion:No Opinion
Price:25.75
RE: 2018
Tue 16:13
There was i thinking we were on the enquest bb, discussing the krakken ramp up, or should i say the attempted ramp up.

You are right, solan is a disaster by many accounts but the opportunity to kill its master existed last year and BS is adjusted for the failure. It didnt happen. On the other hand enquest doesnt really have a get out if jail card and thats why this is different. There wont be a long q to buy a share of krakken.

Most importantly, if you can refer to Solan as a failure why are you so damn certain that krakken is a success. So far its proving the opposite.
oiluser
Posts: 2,092
Off Topic
Opinion:No Opinion
Price:25.75
RE: 2018
Tue 16:13
There was i thinking we were on the enquest bb, discussing the krakken ramp up, or should i say the attempted ramp up.

You are right, solan is a disaster by many accounts but the opportunity to kill its master existed last year and BS is adjusted for the failure. It didnt happen. On the other hand enquest doesnt really have a get out if jail card and thats why this is different. There wont be a long q to buy a share of krakken.

Most importantly, if you can refer to Solan as a failure why are you so damn certain that krakken is a success. So far its proving the opposite.




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