Member Info for MatrixObserver

Personally expecting an early morning update/pre-AGM Statement tomorrow, is what spider senses tingling. Would match 2016 pre-AGM statement... Hoping to hear that MJF production application in and 801's flowing... Would be nice, can dream... Good luck all CASPers MO

Good day fellow ENQers Looks like PMO is having a warm welcome to FTSE 250... Will be a week of scary rumours, smoke and mirrors... OPEC Clarity is the ultimate desire... Hopefully #18 this week, before weekend is bettering #17 Commissioning appears to be ongoing, think working as hard as possible to deliver in H1. Plenty activity at Alma and NNS... Good luck all, whether in/out or shaking it all about... Have good week MO

This one quotes the Russian Energy Minister, Alexander Novak... https://sputniknews.com/business/201806171065481750-moscow-riyadh-agree-opec-deal-extension Should be interesting week... Good luck MO

Good day E121 Trying to be realistic, but would be somewhat disappointed if < 8k bopd for at least 12 months when water injection back online and 5 out of 6 currently shut-in producers return to operating, MO hoping for > 10k bopd... Can see two drilling support ships probing around north of Alma and east of Galia... not sure if doing some deep resistivity measurements for reservoir modelling, would make sense... Have other eye on AK... Had FS Cygnus 3rd visit since #17 departed on evening of 9th June... Have noticed considerably reduced time spent at starboard nose last two visits, possibly totalling just over an hour... Can hope AK is close to acceptance sign-off and reduced duration between tanker offloads... Approaching seven full days since #17 left... Will start scanning on 19th, with hope of arrival before 10pm 22nd June (13th day)... Will be patient whilst commissioning still underway, but hoping for 11/12 days Good luck MO

If interested.... Below are gross barrels of oil production figures from OGA, is on a 12 month basis from month of Alma first oil Oct 2015, total of 30 months data to end of March 2018, have tried to be accurate... Oct 15 – Sep 16 Alma 2,557,242 Galia 799,710 Oct 16 – Sep 17 Alma 1,730,100 Galia 190,530 Oct 17 – Mar 18 Alma 272,915 Galia 71,962 Alma Total Oil to Mar 2018 = 4,560,257, 4,995 bpd avg Galia Total Oil to Mar 2018 = 871,672, 955 bpd avg Is probably circa 5.5m bbls produced to date... From first oil can see was approx 40m bbls 2P gross, so a bit more to get yet, also have option of second water injector (W2) "At the start of 2015, EnQuest’s 65% working interest in Alma/Galia was estimated to amount to c.26 MMboe of net 2P reserves. EnQuest is the operator of the joint Alma/Galia development. Alma, formerly the Argyll field, was the first commercially produced oil field in the UKCS and produced oil in the early ‘90s at relatively low water cut using the technology available at the time. With current technology field life can be extended significantly, with the EnQuest Producer having liquid handling capacity of 120,000 barrels per day. Only 30% has so far been recovered from Alma/Galia’s STOIIP (‘stock tank oil initially in place’) of 307 million barrels." Source: http://www.enquest.com/media-centre/press-releases/2015/28-10-2015.aspx Hope find interesting... MO

Can be very volatile on this day, especially later into afternoon... http://www.forex-central.net/options-expiration-calendar.php Can expect volumes to pick-up later if previous witching days are anything to go by... Good luck if trading... MO

LOL KO... MO won't be holding breath ;-} Is interesting times.... Much to be observed, obviously AK is key, closely followed by Alma work-overs, which appear to be well under-way... Have a good-un MO

Can say, if this is result of finance rating upgrade, then glad debt did not receive junk rating... ;-} Not that MO would be anywhere near junk !!! So is irrelevant, but is recognition of ENQ's improving position so is positive turn of dial... If works go to plan think will reach their next target of 60k... "Moody's also said that further upgrade is likely if production increases above 60,000 barrels of oil daily, resulting in stronger cash flow." As KO stated, "Proof is in the pudding" MO is guessing 1 x Malaysian well finished, second is under-way... Think will have Malaysia @ 10k boepd for H2 Magnus M63 well has SPUD date of 10th June... is long well, not quite a long as M62's 7.5km Good luck all ENQers... MO

LOL Chilts... Is called a "Glitch in the Matrix" ;-) Big old boat though, possible 3m barrels... Deadweight: 273409 t Length Overall x Breadth Extreme: 328.57m × 54.5m Year Built: 1974 MO

Good morning fellow ENQers Looks like TL's installation is complete and firmly secured over Alma to anchors around 7pm last night and overnight received first supply ship... AHTS and tugs appear to have departed... Just as well, little stormy today.... https://www.marinetraffic.com/en/ais/home/centerx:2.778/centery:56.195/zoom:14 Supply ship KL Brisfjord, is a fave from Kraken early DC days... No idea how long will take to pull tubing and pumps, clean holes and replace/install new bits... Have TL @ Alma for 3 months before DC4 starts in Q4, but also rumour TL to be sub-let for 1.5-2 months of the 3, unclear as of yet... Best wishes MO

Hey Chilts... If can be honest, think Enquest Producer has put off ENQ ever buying a ship and refurbishing themselves ever again... Can see with Armada Kraken lease... Last status report of Enquest Producer was Nov 2017... "At Alma/Galia, finalisation of the optimisation projects for power, produced water and sea water injection, have led to very high uptimes in Q3 on the EnQuest Producer. As expected at the time of EnQuest's full year 2016 results announcement in March, 2017 production from Alma/Galia has been lower than in 2016, reflecting wells having been shut in, production outages in Q1 due to storm damage and natural declines. A workover programme to replace certain ESPs is expected to be undertaken in 2018." So ship sounds ready for action... Waiting for fixed wells... MO would be disappointed if when 5 wells back online with injector support, not producing over 10k bpd gross... Is MO guess, realise have to repay $30m gross for workover, but anything over 2.7k bpd extra for first year is profit... Is nearly standby-mode until August update... Obviously will monitor fundamentals, but not much else can offer... MO

E121 MO will add proviso that indicators remain same, then MO will join ya :-) MO

E121 Can only see what can see... Sounding like wise monk, lol Think if clever, have some stake at price happy and see how things appear... Is safest option... Can be honest saying, MO happy, SP can meet me later... MO

Hey Chilts... Hope been enjoying ship action... Is VERY hard to call the bottom, so close ??? Best wishes MO

Hi JoeSoap... Only supposed to blow the bloody doors off, lol, fun film... except for ending... Can use shaped charges for directional completion versus bullet, considerably more powerful, will help protect bottom of well also... Suppose will find out soon... Really going back to cave until RNS now... Is in the hands of CASP.... and FK !!! Good luck all MO

E121... Was not Squif characterisation, was ENQ SP, lol Squif, is Squif, MO would never characterise... MO

-4m Draw https://uk.investing.com/economic-calendar MO

Just for education... "Oil floats on water" Is not strictly true, in most cases will, but some heavy oils < 10 API require dilution so can be separated from water... Is rare, but accurate MO

Is OK Squif... is like a battered wife/pet... Is uncalled for, but still happens !!! MO not adverse to value top-up, especially when at silly price... Hope other ENQers feel similar... At some point ENQ will get more respect, not quite sure what will take, hope Aug/Sep giving may help... MO

LOL all, thought had deserted MO on the battlefield... Think might need to phone Gordon Gekko... Is getting silly now, but MO is used to it... Don't be late for dinner... MO