Member Info for Edvin

Another firm has issued a more bullish assessment. Does anyone have more details or context?

If year-to-date output means January-April, it implies April total production was +50000 boed.

"In the UK, the same operational excellence has enabled us to recover strongly following the five-week third-party outage at the Ninian Central Platform in Q1 2026. With EnQuest's year-to-date output now averaging 41.5 Kboed, we reiterate our 41 to 45 kboe/d production guidance for the year."

"More broadly, we are busy on a number of transactional projects in the UK North Sea and South East Asia, and our unwavering focus is to deliver a step change in both our scale and shareholder value. The path to this is to leverage our operating excellence and broad base of commercial relationships. Further enhancing this, in the North Sea specifically, our tax assets have never been more valuable."

We expect EnQuest to generate S&P Global Ratings-adjusted free operating cash flow of about $278 million in 2026 and about $165 million in 2027. This compares with $91.8 million in 2025. This assumes Brent crude oil at $85 per barrel (bbl) for 2026 and $70/bbl in 2027 amid the current Middle East war.

Https://ratings.moodys.com/ratings-news/463553

Https://www.spglobal.com/ratings/en/regulatory/article/-/view/sourceId/101681154

Https://www.fitchratings.com/research/corporate-finance/fitch-rates-enquest-plc-b-outlook-stable-20-04-2026