Member Info for gregpeck7

It is just consolidating before moving up again.

We are in a transition between winter and driving season, there are always some funny numbers, rule is don’t be surprised. 6 milllion build is nothing, that can be used in a day once refineries start hitting full output... the market is tight but that does not mean there will not be inventory builds in the states.

Agree, there does need to be some confidence restored, but like the laws of physics, when you look at the oil market and you look at the price per barrel, the valuation here is so far off. I wonder if this goes again tomorrow, another 10%, I suspect it does...

So I have had confirmation I can share this.. There is a follow up mail but I will keep that to myself... I cannot wait for the full update after reading this....

Dear *****,

Thank you for your email and support of EnQuest.

We are aware a number of folk track the cargo loads as a proxy for production, and this gives a reasonably good (although not precise) indicator of production from Kraken. Production performance has improved since we announced our full year results in late March and continue to work hard to improve FPSO uptime.

We will issue our usual operations update in May around the time of the AGM. This will include production data to the end of April.

I hope this helps
Kind regards
Ian

Ian Wood
Head of Communications and Investor Relations

Keeps trying to rain on the parade but this is building a base and gathering momentum now, I think multiple II's are filling up across the UK E+P sector... Enquest should be top of the list.

I still see buying at this level as stealing. Has anyone called the cops?

Valuation, these shares are being stolen.

I don’t disagree. This oil price puts enq debt reduction onto steroids. 40p has to be fair value. Looks like 60 to 90 will be the range for a long while, which will be fine. A lot of money to be made here. Be greedy. I would buy on the open, luckily I bought my last batch at 21.3 on Thursday.

Agree, Trump burnt his bridges last year with OPEC, they wont trust him again, until they see zero iranian exports those taps will not open... I think we will be looking at 70 - 90 oil next 12 months.... Shale is also playing ball IMO.

Well oil up a dollar in Asia. This could be a good week. The world is waking up that shale producers are preferring profitability to output and the Saudis are not opening the taps. If Libya goes pop 100 dollar oil is almost a certainty.

This is such a crazy bargain right now, all this production in safe areas, a re rate simply has to happen soon.

For the production figures chaps. Things look like they are significantly improving here.

If kraken is possibly above 45,000 where do we see group production? Could we see an rns devising full year estimates?

Down in the USA. Unexpected, oil going higher. They are really pulling back from shale imo.. going for higher prices.

Dont want to tempt fate but 65 plus looking very very solid.. I can see ENQ having a strong reverse today with some decent volume.. They really are taking the piss on the SP. I added again this am

Annual report a damn good read.. This crashes through 22 and maybe 23p tomorrow.. Neck on the line (and stays there!)

Has barely moved. All other oil stocks have had decent recovery. Cne caused it but I think we will find it was an over reaction. Lots of catching up to do here and I keep adding. I think 25p is coming very soon.

Shares to clear, then its up and away IMO..... Watch the buys....

Still 100m already, you were never going to get 1 billion shares traded day after day.. Sells pretty much dried up, thats the main thing. Looks like its ready to fly IMO. Just need a few chunky buys and it will be off..

Buys as sells, lots of games.. This feels like lift off is coming.

MXO.. Sorry.... Expect thats why its not moved more quickly... Trade in and back IMO.