Member Info for mrc_mrc_mrc_mrd

BOD have been found out IMHO

Hi Robs - problem for these results is that average prices up to June were not much higher than average prices in the previous 12 months. After natural declines we might just be standing still.

Obviously next year will be different if we can realise €50++ on average. But we need to get drilling in NL and get the other projects moving.

Wind is particularly disappointing as it looks like we won’t be bidding in the next CfD round. There doesn’t seem to have been much progress there at all.

About time.

I won’t say what I really think the BOD are up to because I don’t have any evidence. Suffice to say the related party shenanigans absolutely stink IMHO.

Gneiss mob can make more money from fees than through the growth of the company. It is not right IMHO.

Thanks Thor

Ant - yes I think $75 million most likely for this year. My 6.5 million barrels assumes 45kbbpd gross from catcher and 30kbblpd from kraken. Which I think is still conservative.

The decline rates assumed in the earn out consideration are very forgiving by the looks of it.

Should hit about 6.5 million barrels this year.

Here are the minimum Production Volumes 2021 to 2025 from the circular:
5,648,400 barrels of oil 3,947,220 barrels of oil 3,002,490 barrels of oil 1,748,890 barrels of oil 1,331,640 barrels of oil

Thor - not sure if you have that correct.

Should get at least $60 million this year from Waldorf assuming the minimum production (5.6 million barrels) and average Brent price of $70.

We get 60% of anything above $52 per barrel this year.

Lol, Yes, Boris is doing a great job keeping the pound in the toilet.

Captain marvel - “ Yeah.......had a rights issue since Jan 20”

Nope, we had a placing.

FCF is significantly higher, refinance completed, good hedging in place.

Valuation implied by the market is very low by historic comparisons. That is just a fact across the whole sector.

Hi Ammu

Good to see you back posting. Usually means you are itching to get back in!!

Kraken is not an issue - that is the word I am hearing.

Romaron - my reading of 3rd party outage is one of the pipelines.

Do i remember something about ceasing gas import from the west of Shetland fields?

https://kingfisherbulletin.org/notice-map?types=activity§ors=oil-and-gas

Rig in position

Therapist - I don’t recall any promises being made. Care to quote some?

L3 is an arrogant poster who rubs the egos and name checks some of the accounting types on the board to seem like a great guy. He doesn’t seem to contribute much other than his perpetually pessimistic view of the company (fine, but why would he be invested if ENQ are such garbage?? Is he a bit thick??)

He hints that there are better oil bets out there, so why does he keep coming back here?

I don’t see results saving the day. Some terrible pricing H2 last year and Q1 this year not that great.

Averages will make it Similar to 2019/20 I think. Lots of positives to say about the future, but I’m sure I am not alone in waiting for movement on some of the projects to real put a rocket up this.

Lol, must have upset L3 Trader.

Therapist - it’s legitimate to mock him I think. The guy seems to think Enquest don’t hit their targets. History tells a different story. This is the first year in a long time that I can remember coming close to a miss.

Doesn’t really matter at the prices if we come in under guidance. I think the cash generation will surprise the market.

I wouldn’t bank on Magnus being 100% just yet though.

Yes just need boris to continue making a total bullocks of the country

You are living in the past if you think it will seriously impact the SP.

Operational issues happen and the people in the engineering teams fix them.

We would know I suspect if this was a very serious issue.

Not sure you will find many who share that belief. It would have taken a lot of Paris flats and legal work to claw back the full award.

Not really lucky. One in the hand is worth 2 in the bush and all that.

Partial sale / carry is the dream scenario. ButI think it will only ever be a dream.

Full sale next best but again what can they get for it (if anything). One in the hand worth 2 in the bush and all that. Would any of the funds actually end up getting invested is the question…or all spunked on fees etc.

Worst case is they are forced to hold and risk not being able to fund the cash calls. Best case in this scenario is they keep the asset but destroy the share price with dilution.

Young people don’t vote Spin

Greta is just awful. Now that she is an adult she needs to come forward with pragmatic solutions. Throwing toys out of pram is not achieving anything. It has been embarrassing to watch her behaviour this week. Still a week of COP to go and she has called it a failure and a waste of time. Well I’m sorry Greta but in the real world there are no magic wands that can be waved.