Member Info for January2

Just had my post removed. Shame I thought it was funny. Ammu must have "Snitched" on me ! They have removed his annoying wind up post too ! All is fair in Love and War Ammu.

And yes the lost production has been replaced !
That was what AB said on the Audio, so no one should be taking credit for noticing that, as it is what the company said it had done !
Yes I feel good about the business for the future. Another great deal from AB. People are just working out how good it actually is ! If Oil goes to $100 we will have purchased it for Christmas.

Hi KO,
I agree the system on here sometimes gets a few wrong, but not a huge amount !
Take a look here and on the London stock exchange . Traded 12.7m
Buys just under 8m and sells just under 5m - Buys win today !
It was all a bit of a surprise/shock today, when the dust settles this will turn around and the deal will be seen as positive by the market ! Mark my words !
Finally KO - Even if you are taking a negative stance, there was NO rush for the door today ! Please check the level of buys !
This was not a PMO type of reaction from investors - just confussion. She will rise in the coming days ! DYOR, my views only !

Shares purchased today up to circa 4p =

BUYS - 7.3 m
SELLS = 4.7 m

Many more buys than sells today ! So overall investors like it !!!!!
Don't they say follow the money ?

romaron,
I am on the same page as you here.
My fag packet has got rather full with numbers everywhere. Although I do see the deal adding to our NAV, just can't put an exact figure on it , yet ! Got to be worth 5p min on the SP (100m on MCap).
Being just a simple man and looking at the big picture - I believe that AB and the board have directed the company through what must be the worst year on record for "Low Oil Prices". Not only have we survived (unlike some) we actually PAID down some of our debt in 2020. Therefore I think I can TRUST the board during 2021 and beyond when we are seeing much better oil prices. We are NOT a "one trick pony" anymore (Kraken) and thus should be seen more favourably by investors going forward. We do not know full details yet, hence the market fall today but I feel sure this will turn very positive agin very soon.
Finally, I do not see a 60p party on the horizon yet, but I do agree with Hitman's 30p by the summer !
All the best
JAN

Oops, forgot decom costs possibly a fair bit, however the deal still adds a 3 figure sum to our NAV, at todays oil prices. Maybe a lot more should oil go higher !

18mmB are net to Enquest.
At $55 Price of Oil that's $1 billion revenue.
Minus Deal cost of $350m = gross profit is $650m.
If Enquests share (26%) of Costs/Capex comes in at $250m , which means total operator spend of $1b.

-Then $650m minus a further 250m Leaves net profit of 400m
Summary The Deal adds 400m to the value of Enquest. Or NAV.
Looks a very good deal to me ?
Am I missing something ?
So why all the moaners ?

Later Today.

The market does not like uncertainty. There are still details on the deal to be released which always worries the market. This is why we went red this morning. I feel confident when everyone looks deeply into ENQ's results for 2020 and the deal, we will turn blue again !

Hi romaron,
Yes details of the deal/finance still to come.
However 18m b of oil at todays prices gives revenue of just over 1b.
Not bad for 350m

Net debt reduced to 1280 from 1413 in 2019.
Give Enquest their due - net debt reduced by 133m in 2020. The year POO went negative. This is a great result !
NO ONE on this board expected net debt to be down to 1280.
Indeed those like L3 were posting much higher.
Production came in higher too !
I am pleased with the Ops update and can see the financial gain for ENQ regarding the acquisition.

Yes , like the film -

"The first of the few"

- Big boys buying !
I bet the Swedish guys have not heard of the above film ? Or maybe they have !

Lol Pelle,
Good to have friends !

And some English links too !
Live Monica, I think she was one of my old girlfriends from the Eighties. The little Minx !

With Brent at 57.88 as I type.
I would expect Kraken oil to be getting $60 + from the market.
Indeed with POO at $57 should see us hit 60 for Kraken.

Up-date Thursday, was always my guess ! But who really knows !

- 2p reserves from year end 2019, will have seen 19m used during 2020. Plus any "add backs" during 2020, Bressey !
- Would be great to see y/e debt fall below 1300, however more likely 1310- 1330.
- Production must be over 50k and nearer to 55k surely !

Ant,
BP results today were disapointing. Large losses.
This has negatively affected the Algorithms on our stock too.
Thus stopping any charge ahead we may have had.

HMHn,
Agree with your point of view. I am expecting dividends to be discussed/mentioned by Enquest at some point this year. My thoughts are that they could give some sort of dividend guidence during H2 2021 (this year). Assuming oil stays over $55.

JAN

Nice post Spin,
May I add to your comment that " Dinosaurs already roam around Bruxelles I am told..."
I would like to add that Dinosaurs roam around the Enquest board too !
I should know, because I am one of them !
All the best from
A nearly extinct JAN

Hi Pelle,
you are right on that. But if you check - half year / full year/ and ops later in calender you can see

Thurs & Tues favourite days !
best
JAN

Hi Pelle,
My guess is Thursday.
It is a guess, however Enquest do like to release on a Thursday. So history tells us.
So I am going for the 3rd Feb.

No snow here, and even if there was, the wife always wins !
But thanks for the thought !