Member Info for AIMOilking

Https://uk.yahoo.com/finance/news/britain-gas-imports-surge-miliband-130000685.html

Same time NS production plummeted 6.9%..........Miliband go figure!?

Government figures are now supporting the arguments being made by the NS industry, Trump, the rest of the World including this BB. Starmer must be considering a U turn on NS O&G and probably wondering where he can park Milliband. ENQ long termers will eventually be proved right and rewarded!

Or even Waldorf - after all they are also in administration.

Ooooh - could start getting exciting, just hope AB keeps a prudent eye on the figures/return.

Why would anyone buy 1,000,000 shares at such a high price, unless they were in a rush or pretty sure something was breaking? If the single trade had been broken down into say 4 trades or more, it would surely been worth the extra commission to save a fair few bob. However, I am not complaining, certainly woke me out of my snooze this afternoon.

"Ed Miliband is not known for sound decisions. He’s the architect of the “Clean Power 2030” pledge, a policy so outlandish it makes unicorn farming look like a solid industrial strategy."

Https://www.telegraph.co.uk/business/2025/07/30/keir-starmer-waking-up-to-reality-labour-north-sea-retreat/

Fairly blunt and recent article stating the obvious and perhaps a few politicians will take note.

Auson, I agree, that is an outrageous assertion. It seems that political, corporate and celebrity entities and people can lie and tell partial truths to suit with impunity and to achieve their aims, the strategy being that something always sticks......

Completed a nice little trade in this week, so a few extra free shares added, but seeing ENQ down with Brent @$73+ is crazy, if Brent holds, we might finally see the other side of 14p. Higher Brent will also bode well for the update in around five weeks time.

Today's is not a day to be out of ENQ.

We certainly should be adding a couple of pennies given the undervaluation of this share. I am hoping the ENQ spring is winding pretty tight at the moment for a whole range of reasons.

Going forward AB was talking about an extra 35,000boepd by the end of the decade and that was before Brunei was announced, plus at the last update production forecasts were holding with a significant shut down completed. We now have Malaysia and Vietnam contributing revenue and Indonesia and Brunei should both be producing before the decade is out, plus infill work on all prospects.

Brent is back above $70 and second half costs should be significantly down on H1, just the reduced lease costs amount to around a million dollars a week.

Plus there is the rest of the portfolio, the possible of a series of deals which might include assets from Waldorf and Prax and potentially a larger game changing deal or takeover.

However, the icing on the cake will be the cancellation of EPL............now that would be a sp game changer!

Nice to see Shaw reiterating 29p target just ten days after last stating 29p, I hope that it means they are very confident of their forecast!

29p would be be a 115% increase on todays price and value ENQ at @ £540m, all we need now is Donald to twist Starmer's arm or make fun of his NS O&G policy and perhaps EPL will be cancelled making £540m perfectly reasonable - and the rest! It would be like having been burgled by the Government and getting all your stolen items back.

Let's just hope AB and Serica are sensible and divide the spoils rather than compete and over pay. Does anyone know what Prax has that would fit well with the ENQ portfolio? Having looked at Prax's portfolio, I am not sure what would be of interest to ENQ.

I am sure these workers would have rather stayed within their chosen industry and sadly, they probably could have seen their careers out if recent governments had not killed the Golden Goose with EPL.

Starmer plays at being a monochrome Foreign Secretary whilst Lammy, a slice short of a loaf, hovers in the background, Rayner plots her coup, Reeves fiddles with the books with ineptitude and Milliband writes cheques that will bankrupt the country and destroy industry.

If anyone is a dab hand at Freedom of Information Requests, please ask for the last quarters or any outstanding figures or projections related to EPL tax revenues, Rachel would appreciate a heads up on the creation of another black hole, so that she does not get surprises and blab in front of the House.

If the whole geopolitical and UK situation were a book, it would be so dire that it would be received as a laughable and implausible fiction, the trouble is the working and middle classes will be forced to buy the book, the wealthy are already leaving in droves.

I am starting to wonder what I need to do in all respects, sit and watch the house of cards fall or bale out, I don't expect a bale out from the Government, by that stage there will not be enough benefits to go round.

Just hope ENQ comes good in short order, I might have a few more options then...... or at least a return of the options taken away by EPL.

I have been squeezing my bottle of Bollinger for years...........I am waiting for ENQ to pop!!

I agree, we need volume and without opening an old argument, I still think we need buybacks and 6 monthly dividends, to mop up liquidity, improve shareholder value for long termers and maintain punters interest for the dividends.

I suspect we'll have to wait for EPL to be scrapped or modified to increase ENQ's FCF's before we see appreciably greater shareholder returns.

I assume that ENQ is now closer to 50,000 than 40,000 since the 5,700 from Vietnam is added to the current forecast. There are a whole lot of infill opportunities across the portfolio and Brunei should come on stream in 2029. ENQ management have already stated the development of an extra 30-35,000 from across the Asian patch by the end of the decade or so.

I bought again today, but unfortunately the large trades were not mine.

It is possible that there are no unannounced deals on the table at this moment, so they could be director buys or perhaps, the message is finally sinking in and the Asian activity has significant potential. IR has apparently confirmed that the Vietnamese 5,700boed are in fact net to ENQ, that is a circa 13-14% increase in revenue at circa today's POO. Brunei is another relatively near term bonus that I don't think anyone was expecting. Sadly, unless there is a surprise, the next dividend will be announced with the year end results, but I am expecting better than this year and also by then a much better sp, hopefully largely as a result to changes in the punitive EPL and overall sentiment towards NS O&G.

Great news on Brunei PSC.

Reeves - driving the NS O&G industry and investment overseas, juststupid!

29p is a welcome target, although I think that is where should be today plus some.

I keep adding here for all the good reasons we have discussed and the simple fact that common sense eventually prevails. My gamble is that EPL will be substantially modified with the next 9 months and prior to the Scottish elections, which means probably the next 6-7 months.

The ground work and recommendations have been worked through justifying a change in EPL and the chorus for change is much louder as people become frustrated the Government is not taking action. The fundamental problem is that is that the Chancellor is firmly cornered financially with little room to manoeuvre. However, as all the trends related to NS O&G head downwards at an accelerated rate, accept of course £20,000,000,000 of decommissioning costs which are moving closer and payable by the government. One can only hope that the OBR factor in NS O&G and that headroom could be created by the modification of EPL, increased investment and production.

Someone on the BB said that they thought the Government would do something in the run up to the Scottish elections, I tend to agree as it will be a key pressure point on the Government and rallying call the opposition.

Serica CFO - what a sensible and articulate chap, finally people are putting their heads above the parapet and saying what we have been banging on about for years now.

Send the link to your MPs.

Dumbly you are so polite - "The assumption has to be that people taking such a position are either against the interests of the UK and/or have an agenda they are not being transparent about."

Personally I would have said self interested, incompetent and corrupt.

There are so many subsidies slushing about and if legally, if not morally wrong, if you can jump on the bandwagon, why wouldn't you? We are the fools that are forced to pay the cost, the problem is that the politicians and their mates are all as bad as each other. The trouble is that these greedy piggies will have moved their ill gotten gains offshore before Britannia's cards fold and we sink beneath the North Sea.

Maybe we should ask ENQ for a rig and declare UDI, at least we could have plenty of energy!

Tigar, we might need clarification from ENQ IR, the RNS was slightly ambiguous, a net figure was given but I am not sure if it is 5,700boed or 53.125% of 5,700.

On BBC news video clip, Macron concludes that Larry the Downing Street cat is more intelligent than the other occupants in Downing Street and both Rachel and Keir agree that Larry is more popular. Rachel also proves that she does not know when to be quiet when trying to be ingratiating or was it flirting.........

Macron was smirking at his good fortune to be holding the best cards and negotiating with clueless counterparts and probably wishing that France owned more of the North Sea and all the O&G revenues he would be enjoying........ he has already got the fish!