Member Info for mrc_mrc_mrc_mrd

Davde

Problem is it barely pays the overheads. Certainly won’t be seeing a dividend or significant acquisition/project without a placing. The business as it stands does not justify the market cap in my opinion.

Gneiss are expensive….and risk of foxes in the hen house

That would be nice Dumbly but I’m not sure how workable it is.

Enquest are more or less in the top 10 producers so you might not capture many companies with 100k cut off. And how fair would it really be.

A graduated tax based on oil / gas prices would be OK. Or perhaps similar thing to the electricity generators.

Jeffrey - you had 2 months to get out above 30p last year.

You have done nothing but moan here for several years so not sure why you are still here? Are you invested or are you bitter because you sold out at 10p?

I can see the SNP becoming more extreme now. In my opinion we have had 2 great leaders in Salmond then Sturgeon. They have kept the nutters at the fringes.

The problem for O&G at the moment is that the greens have significant influence. That won’t change anytime soon.

It is what it is in any case. We just need to get on with delivering.

The reality is that oil and gas from the North Sea is vital.

The higher our profits the higher the tax take (though my feeling is that 80% of the public are probably too thick to understand percentages)

I’m not giving anyone a “hard time”, except maybe you by engaging with you. We know you love the attention.

Chilting - nobody replied to your post as far as I can see?

I’ve started reporting some of its posts. It is clearly trying to disrupt the board.

Please stop clogging up this board with this rubbish QfO.

1. Wrong
2. No
3. Correct

I can’t see supply meeting that demand in the next 2 years! Prices will have to go up.

Being rewarded for doing a something beneficial to society is a foreign idea to these types.

QfO is an AI bot

Not a very good one

Hi Kamrat,

Oil and gas companies pay 30% + 10% + EPL on production.

All other companies pay 19% corporation tax.

BP and shell will pay 19% on their retail, trading, renewables, shipping, products, refining etc. Their tax on oil and gas production profits are the same as we pay.

I agree about SVT and also that we have enough to keep us busy with BBK and our near field opportunities in the U.K.

Money_mad

Supposedly it is later this year due to scheduling of board meeting.

A dividend would need a board meeting, a normal ops update perhaps would not…?

Could equally be perfectly normal business, and key people just haven’t been available in early Feb this year. I’m not getting my hopes up, but at the least there will be some positive words about the near future I think.

Yep brakes off now I think.

BP and shell stance (lack of backbone and ridiculous cash machine statements) has been hugely damaging to European oil and gas producers. Reality has intervened.

Childling - why do you post here?

Enquest exist to produce oil and gas. They do it efficiently and responsibly. They work hard to produce a product that everyone needs.

Enquest are priced to fail in about 3 years time, thanks to the divestment evangelists, so why should we use our hard won profits investing in unprofitable and unproven technology?

I bet if they dumped that liability Looney then they would do even better.

Crusader - attacking producers and banks has failed. The market is calling bull****.

Your ideal has been tested and found wanting. Rapid transition won’t happen now because underinvestment in fossil fuels has caused an energy crisis.

Again I will ask why you are here if you hate fossil fuels?

Chilting - lol why are you wasting your time posting here if you don’t think it is investable.

We can now see that investors want pure fossil fuels. BP is now pulling back from renewables and their SP is absolutely flying.

To be clear I still see Enquest as pure fossil fuels. SVT is a special case where the diversification is required to keep the site viable.