Member Info for Ammu123

AGM Update confirms production in line with FY expectations, capex cut by 40% ($80m 2020 impact) & opex by $20m. Net cash of $339m at Q1 2020 end. "The Company continues to deliver operationally and is well-placed to face these twin challenges [COVID/low prices]".

Current mcap 100m

300m++ in cash.
The current mcap is a joke and anything sub 10 on the RNS would be amazing.

She’ll divident slashed and RRE approved.
Shows how strong rre cash reserves are.
Buy now and forget for 6 months and this should be back to 2000.

Up again to 26.
Sp is getting ridiculous now.

I hope this share respond appropriately with all the positives....

Jan where have you been ! I missed you...

Also there are lots of contractors on day rate pretending to do "design work" on £800 day doing f all staring at the screen all day long.
Its all a game and ive been there and done it....

of a share this is.

All oilies up 10%++ and this **** is up 3%. On top of that we have Master RSI posting....

Or am I getting excited for nothing ?

Cna has been rising for the past 4 days.
I reckon there is some news coming don’t know if it’s related to spirit or not.

New, if there is deal been made it would needs to be rns. You don’t wait for the oil price to recover etc.

Cna rising so maybe they’ve sold Spirit to rre ?

Cna

Reason I.e acquisition?
Come on ffs this is getting ridiculous. Might as well take billion debts as sp seems to react better.

Wtf

AGM tomorrow?

Better than estimates.
Bodes well for tomorrow.

https://oilprice.com/Energy/Energy-General/Brent-Oil-Price-Could-Double-By-December.html

Yes also will have an impact on production however enquest will be leaner and more profitable.however, unfortunately loads of oil and gas redundancies in Aberdeen and indirect impacts on supply chain.
People say low oil price is good for the economy I don’t think so it is. Oil should be between 50-60 and loads of jobs depends on on i.e supply chain etc.
I know loads of valve manufacturers which I go to will be impacted because of low oil price....

To me this sounds like reducing breakeven cost further for enquest. Gearing itself for low oil environment.....