Member Info for January2

Hi londoner7,
The hedging requirement was set before "Golden Eagle" completed.
So if you minus out GE production then from what's left aren't they hitting the required hedging threshhold ?

Martinan,
June Brent 113.23
Futures switched from May to June early this morning.

Thank you Papegoja,
That is very interesting. It completes my picture.
The oil sector has held up well this morning even with a very large drop in POO. However we have held up better than others due to recent great rns news and positive recommendations from advisors in the industry.
Thanks again

Hi romaron,
Agree with your post.
However I try sometimes to attempt to understand the daily movement as I am interested to know what is driving it.
Today is a typical example. Historically our SP would have fallen on days like today when oil is down $7 over the weekend, however today it hasn't fallen. Indeed the share price has risen from the open.
Now this is telling me that we have a shift in "sentiment" towards us. Maybe the early signs of a more positive market sentiment torwards oil stocks.
All the best
Juan

Oil down $7 and we are up ?......

Chilting is back in again then ?
Or is DiscoDave back ?
Maybe a top up from AB , rns Monday?
Or even Spindok has found buried treasure while off sailing !

According to my calculations, assuming POO averages between $85 - $115 -

I have Enquest debt free in 2023.

The only question is -
Is it right at the start of 2023 , like first quarter - if we see POO up at $110+ for 2022.
OR
Is it later in the year of 2023, like second half - if we see POO averaging sub $100.

Not sure it makes too much difference really. I mean, $100 POO with 50k bpd gives nearly 2 billion in revenue, massive fcf to clear debt.
Do you smell something guys ??? I smell dividends for shareholders "in the air" for 2023 - can you ?

And Jeff Currie's latest video, from yesterday

Oil supercycle -

https://www.youtube.com/watch?v=vyJwTitFrz4

You are right E121,
For the month of March we are up 41.75%.
21.90p to current SP now of 29.09 is +41.75% in just a month. The SP needs to consolidate and take a "breather". That's a big jump in a month ! All positive going forward though. Next up-date May for a production update ! Unless AB closes bond deal or buys something new !

Agreed, SP moves Crazy here.
Manipulation ?
I know POO has fallen over $3 since yesterday, but still this fall is madness !
I guess we just keep quiet and let the cash keep rolling-in.

KO,
I know how to stop this.
We just release the RNS again today. That will stop the fall.

Not correct .
Old targets.
Why would you have a Buy rating at 30p when the SP is 31p. I
t would be a sell rating if the SP is higher than the target.
= old targets posted by someone who does not understand .

Oops, that's what getting excited does to me !
Well spotted.

They can' get it right ! Their article says our market cap is 730m. They can't add up. Our MC is 570m today.
Their maths is as bad as my spelling !
Perhaps they meant our MC will be at 730m very very soon. Lol.

Pleased to see that we did not panic and hedge more in Feb . Still 8.6m hedged (45%). Which gives 55% of production exposed to these ultra high oil prices. Debt should fall to 800-850 at close of H1 2022. Then down to just 500m at year end. Debt free sometime in 2023.
With $78 hedge and today's POO at $122 we will get exactly $100. With 50k bpd production that's $5m per day revenue. Thus 1.85 billion for the year. Massive, huge FCF off this ! 800m , 900m .

Build it and they will come, running !

Future divi's, Ftse 250. 60p Party- I'm Lovin it !!

Could be right . 33p

And now we are getting it, big time.
As squif pointed out in his post. Buy year end debt will be way less than 500m.

Romaron,
Tullow have high debt and are paying a very high interest , circa 10%.
My guess is they made Sweeney a crazy offer to come and sort things out for them.

29.20p
Tomorrow
33p ???

Wti and Brent now a huge $7.
Last time I looked the spread between them was only $3.
What's changed ?