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"Ten production declining" - forecast production for 2022 will be close to 2019 i.e. 75k bpd . Derampers will focus on detailed negatives and ignore the very positive big picture. The rig (and possibly rigs) is contracted for 4 years for self financed production growth which at current oil price will be through profits
Not a lot.....
Hedging is pretty poor for H1
But how much of TLWs production is being sold at $70plus ?
It's a bit weak mate, I really am disappointed in ya - they just don't make em like they used to.
Anyway - $76.50 and rising.
https://oilprice.com/Energy/Energy-General/Why-Short-Sellers-Are-Desperately-Trying-And-Failing-To-Sink-Recon-Africa.html
Probably the same situation with Tullow...
25% down in a month - this is a joke...does domeone know something that we do not?
demon is back. Obviously suffering from mental health issues. I read demons previous posts while I was taking a long leak and he is full of nonsense.
Sure, I've added today.
Bonk are you still in fres ? H1 update on Tuesday should be a massive movement up as long as PMs hold on Monday and Tues.
;)
Bonk, mate why you wasting your time on the dark demon like this ? ignore it. Hopefully if oil touches 77 we can start to see a move.
1.1m ENQ shares just gone mate, just over £1/4m, do I buy now here at 45s cos the price seems to be rising here after that big dump at ENQ, is that your mob?
Brent now at $76.14 - do I need to hurry to follow you in here or??
Bonkers how old are you mate ??
Can’t be in your 20’s...
Sound like a 16/17 year old kiddo
Well I'm gutted mate - I offed all me ENQ at 24p for the big buy in here at upper 30s and you've not moved it for us - how long do I have to sit on all this cash waiting for 30s?
Ammu mate, where's the 30s you promised us?
Brent about to breach $76 - you're such a let down!
Lol, Tullow consists of 15% of my portfolio and it's my only oil and gas stock.
I'll be adding at 40-41p if it ever goes there. If it doesn't oh wells, 15% will do.
I'm really losing interest in oil and gas stocks, ENQ and TLW inclusive.
How thick are you Slft? There was a shutdown hence the average of 32k...
The current production is 35k. You bought tullow in the 50’s and didn’t buy enq in the 18’s with same Shyte on enquest board from where you got embarrassed.
AnywYs market has spoken with regards to enquest and tullow. You will remain ignorant as usual...
Also, I wouldn't be surprised if you sell ENQ for TLW in the next couple weeks either.
Look forward to your stupid blatant ramping.
Sorry Ammu, but OGA data doesn't lie.
ENQ production has been averaging between 31-33k for the first four months.
ENQ reported production @ 32k for first four months.
You talked about decline of TEN.
First half production at TEN = 17.4k
TLW's guidance takes into effect of decline in H2. FY guidance for TEN = 16.2k bopd
So H2 guidance for TEN = 15k, and i'm sure TEN will outperform guidance at current decline rates as the new drill in Enyera comes online later in the year.
Having fun boiler room boy? ;)
Knock it down for us then, there's a good chap.
Slift you do know there was a shutdown on Kraken.
Current production is 34-35k...Plenty of cheap drills in 2022 to take production to 40k. Poor Slft could have bought enquest in 18’s but bought tullow in the 50’s LMAO
"Struggling ??? I won’t call 35k production as struggling"
Yes, struggling.
First quarter production @ 32k
No way Kraken will produce 35k bopd in 2021, and production will further decline in 2022 as no drills. Expecting production to be between 28-33k in 2022 for Kraken.
Struggling ??? I won’t call 35k production as struggling
No, I don't think I deramped.
And no, if I wanted to, I can buy ENQ right now. ENQ has mitigated short term impacts with golden eagle, but that field is relatively small adding only 18m reserves over the next few years.
But as i've said unless there is an attractive proposition (with low development costs) to bring Bressay to production the future of ENQ is questionable - especially as ENQ's flagship Kraken is struggling and declining with no drills planned to offset the natural decline.
Slift you got embarrassed from enquest board sp when you were deramping it in the 18’s and tullow was in the 60’s.
I am sure in your heart you know you should have bought enquest rather than this. Obviously you won’t admit it....