Member Info for January2

Hi romaron,
Just to add to your English lessons.
Check out on YouTube the old series called " Mind Your Language".
It was about an English teacher trying to teach a group of various foreign students. Very funny.

Handbags swinging around this morning !

Admiral of the Fleet. romaron ,
Will do , sir !
Shift, now finished at 4.30pm sir !
Juan, now going to cabin for a sleep !
over

londoner7,
Agreed !
However taking your point - The near term cash flow is going to be a lot higher than $42. H2 2020.
As for 2021 we are way beyond that !
All the best
JAN

Hi TWalbyoff,
LTH cabin,
Sounds strange to me. Repairer Spike should have done the trick ! You should get-in with that password !
Must have been your Hair Style !

Just checked -
The September 2020 half year results saw a impairment solely due to very low oil prices of $410m. I quote from the results as follows;

"Pre-tax non-cash impairment charges of $409.8 million on the Group's tangible oil and gas assets were recognised, reflecting a reduction in oil price assumptions."

NOW - With POO at these current levels $60+ - some of this impairment, if not all of it has to be "reversed back" into the balance sheet ! Surely !
I am hoping for a nice surprise here, when the full year results come out !

Just picked up a few interesting articles on POO.

https://www.rigzone.com/news/wire/oil_climbs_as_goldman_sees_more_gains-22-feb-2021-164686-article/

https://invezz.com/news/2021/02/22/here-are-two-drivers-that-could-send-oil-prices-higher-according-to-jp-morgan-analysts/

Both articles say $70+ is coming very soon !
Goldman seems more bullish.

Dan,
Trying to help you. I will re-post one of my posts from a few days ago , which may help;

-- Looks like we will issue around 200-250m new shares to complete the GE deal. Total shares then will be just under 2B.
Lets use the 2B although we should have slightly less shares than that.
I for the life of me. can't see how we can't get at least 600m fcf. From a revenue of 1.3B. = 60kbpd x $60 per barrel.
Indeed we should be seeing these sorts of numbers in 2022 also.
With fcf of min 600m surely we must hit a market cap of at least 600m sometime in 2021.
M/C 600m = 30p share price with 2B shares.
My First ENQ target share price is therefore 30p - sticking my neck out , I see it by the end of June.

That's the "fag packet " answer to your question. You will have to do the detailed research yourself. Bye the way, have you got a light ?

Hi Tarmak,
Yes, my wife has 6 of them !
I think that she collects them. Just in case.
All the best
JAN

Hitman,
You knew it was him!
You must have felt the love.
You are a Physco.
Sorry I mean psychologist.

Thanks for the offer Amjad,
Yes, please can you buy all the "offer" shares. Please pay all the £40m yourself.
I have spent all my money on Enquest shares and have none left. Empty, cupboard bare, all gone. Finit.
Thanks
JAN
Xxxx

Core Blimey,
We start talking Boats and Dinghy's and the Real Sailor arrives.
Morning Spindok !

18.48p now -
Down at the Harbour , people are just throwing their Dinghy's into the water. They are jumping in after them , just trying to catch the ENQ boat , as she leaves..
Some will make it some won't. I am in the LTH's cabin which is nice and warm and has a great view. The captain is even throwing a party for us when we get 60 miles from the Harbour.
Paddle those Dinghy's boys, it will cost you more and more for your tickets as time goes bye !

Cheers Gareth,
Nice Post. All the best.
JAN.

AA,
She's moving away nicely now. Best you launch that Dinghy soon. May I suggest that you forget the paddle and start the Outboard motor now.

RNS nearly every day to say that they have sold or purchased 500 shares !
Silly.

I thought they were known as a "Bunch"!

Hi romaron,
I see that you think that I'm Spanish.
With all the talk of Oranges and changing my name to Juan. Lol

Yes my surname is Carlos. They call me the "Jackal".

POO.
All healthy in the markets.
As I posted yesterday, Let's see what effect the full year results have in a few weeks. Write backs are due !

oopps typo 18.00p