Member Info for MatrixObserver

Speedway getting deluxe service !!!

FOUR tugs... Only get three in Scapa Flow

MO

Have only just realised... Don't be distracted...

HK departed from AK approx 20:30, so will assign standard 26hrs, 500k offload, will double check, will be tricky with big tanker like Speedway.

Can see SVT action in this area...

If quick can see Speedway tugged in

https://www.marinetraffic.com/en/ais/home/centerx:-1.303/centery:60.456/zoom:14

MO

Hello E121, MO doing solo this evening... is excited...

ENQ will now feel confident, with incoming funds etc... Can now go for 2019 super hedge, think maybe 50% - 75%

Is what did in 2015/6

What would you do ???

All the best

MO

Can also say...

Listening to Shetland audio...

MO is proper British, but some of them Shetland ladies are proper difficult to comprehend, lol

Yet, MO loves it !!!

MO

is currently, lol

Might even be getting all calls for full hedge value, can hope...

MO

WOW DA

Are on top form lately !!!! Do need to listen to all 33 mins...

Talking about SVT becoming northern gas hub for all areas around Shetland and even Norway....

LOL, MO was happy with a SVT STS, lol

Have good-un all

MO

DD love ya, as always have...

If holding on 26th is fine, but please for MO, if want rights hold until 2/10

Love ya

MO

To add, think Mortgage Reducer philosophy paved way to outsourcing/leasing to Malaysia/Singapore.

Is short term thinking...

MO

H OilMan1984

MO does appreciate that you are premium member, and MO only contributes his time....

But is really an inaccurate statement...

MO realises EP was known as mortgage reducer, is in past... is now firing on almost all cylinders and will start to repay, ESP failures could be blessing in disguise comparing 16/17 Poo with 18/19.

Anyway, if want so see how ENQ delivers on mature assets.

Please see page 30

http://www.enquest.com/~/media/Files/E/Enquest/2018%20docs/half-year-results-presentation-2018.pdf

Grey is old, blue is new !!!

Don't get me wrong, ask Squif MO been moaning about Alma for at least one year, but is now fixed... Scolty/Crathes next for economical boost...

ENQ not perfect, but at least having a go !!!

MO

MO is doing rights issue support for JPMC and BoA ML, lol

Should ask for MO bonus of option to double up on entitlement, obviously at full RI price :-)

OK will do for FREE...

Good one all, if normal 500k load, then HK should finish at AK approx 20:30

Have good-un

MO + rose'

Chilts

Timetable is in RNS, about halfway down... and also in prospectus

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=ENQ&ArticleCode=lb0pyju2&ArticleHeadline=Magnus_Acquisition_and_Rights_Issue

MO

Lol spot the error !!!!

Should be...

(((Shares held / 7) * 3) *0.21)

Soz

MO only just had two sips of rose', lol, 'onest guv !!

Is easy Dol03...

Number of shares intending to hold before ex-rights on 2nd Oct x 21p

Lol all

MO is enjoying being an ENQer... Is not always easy !!!

Good one all

MO

Cheers riskingit

Thanks for fuel info, if can get OPEX down a bit, every little helps, please also pass on thanks to friend for helping get AK signed-off, sure all ENQers appreciate...

Did read AK OPEX at plateau was forecast around $5 per barrel, is very good even at twice the cost.

"Equates to c.$20 per bbl over the life of the field, c.$5 per bbl at plateau production"

Best wishes

MO

Running the numbers... Can deduce market cap at various stages...

Pre-rights shares in issue = 1,186,084,304
Shares to be alloted = 508,321,844
Post-rights shares in issue = 1,694,406,148

Pre-rights issue (6/9) = 38.6p - MC = 458m (all in GBP)

at TERP price = 33.32p

Pre-new shares - MC = 395m
Post new shares - MC = 565m (is 458m + 107m raised)

at current price = 36.25p

Pre-new shares - MC = 430m
Post new shares - MC = 614m

--

Does not answer the timing questions, but gives you an idea of what is valued at what phases, also consider the £107m raised and added to cash to pay for NPV $500m

MO is having a day off from maths, lol...

Cheers all

MO

OK, is quiet whilst everyone thinks deal or no deal, lol

Thought would post a couple of links where can see what's going on and weather etc, especially as is getting near winter and is today blowing a gale...

Marine Traffic

Armada Kraken
https://www.marinetraffic.com/en/ais/home/centerx:1.300/centery:59.925/zoom:14

Enquest Producer
https://www.marinetraffic.com/en/ais/home/centerx:2.789/centery:56.184/zoom:14

Weather (closest decent weather station)

AK
https://www.windfinder.com/weatherforecast/viking_north_sea

EP
https://www.windfinder.com/weatherforecast/ekofisk

--

With DC4 drilling to commence towards end of month, have thrown in Brucey bonus link...

Transocean Leader (rig for DC4) has secret matrix vision, is currently located approx 30miles south-east of Armada Kraken drilling for Azinor/Cairn, so can see realtime data, is best form !!! can experience 17m waves (not today) and force 12 storms @ 70kts wind...

Anyway, is treat for all ENQers, can be drilling rig captain, please never press button for emergency anchor release... lol

Have good-un

https://www.fugroweather.com/WeatherMonitor.Net/Displays/TransOcean/C20229_1/MONITOR_HMS8C_20MIN.aspx

MO

Hey GD...

MO is in camp that ex-rights date 2/10 is when matters (need to be holding when market opens).

Not sure how others think, but is certainly better to be early than late, lol

Should see Speedway getting"tugged" in to SVT this evening, think HK will probably get there tomorrow am...

Good luck all

MO

Is ok marshall2810, it can be confusing first time...

If you're holding end of play Mon 1st Oct, you should be notified within a couple of days from then, maybe even on the 2nd, if you have good broker... need to have cleared payment approx 2 weeks after if taking up rights etc.

Good luck

MO

Ex-Rights 2/10 @ 8am

Is in RNS, full timetable about halfway down...

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=ENQ&ArticleCode=lb0pyju2&ArticleHeadline=Magnus_Acquisition_and_Rights_Issue

MO

Ya mein L3

Can't see them able to do much with one well on western flank, maybe into south field.

Think will probably need (if like north field), two producers and one injector in the middle, so will probably need another expansion, similar to DC4, really cannot see that progressing for at least two years, but is good to know scope is there...

All the best

MO