Member Info for mrc_mrc_mrc_mrd

Little point in discussing as they have not even confirmed there will be an OO. If there is II interest in obtaining a stake then it could all be done at a premium to market price without even going to existing shareholders.

My monster (for me) buys from post update are now in profit. It was a risk given the initial reaction but hoping it will pay off over the next few months.

So true gotab. It's a decent deal and that is before any upside from further 2C conversion.

I did see the BP Andrew assets were being touted at $80 million which seems cheap, but I can't find reserves figures for that.

These cash shells will struggle to get funding I think to buy something this big, but that might change.

Nm

And the world has finally come to buy it.

Get ready to reap the rewards of the last 6 years of pain IMVHO. This is what we are here for...a few good years is all ENQ needs.

Should be an excellent day for ENQ.

This feels very much like last January. No reason we can't pick up where we left off.

From November lows.

Massive disconnect.

Lol well that's not what he was telling his 10k followers???

It's pretty good considering what a terrible OU we apparently had!

Market is waking up - I think we will see more pile in if we keep having these small rises.

A lot of interest in ENQ.

Maybe the Baron will boost us over the wall at 14p?

This traaaaiiin don't stop

GLA

Looks like we are on for another stonker tomorrow

Hey Ammu - the 18 million barrels have a very low cost of extraction @$20 per barrel opex and capex.

If realised oil price over the reserve life is $50 then they are worth $540 million. Not a bad return in my book when our tax losses can be used to shield that.

Absolutely stonking day.

ENQ feels like a coiled spring. Something gotta give lads. FCF is getting ridiculous.

IMHO..

Should hit 14p by close IMVHO.

Massively undervalued!!!

I guess at a double digits blue day today. Just got that feeling in my old boner

Thar she goes!

$60 paid

Think she will breach at 8am lads

BREAKOUT Tomorrow here IMHO

GLA

https://www.iasplus.com/en/publications/us/industry-spotlight/og/issue-3#:~:text=The%20effective%20date%20of%20E%26P,as%20a%20purchase%20price%20adjustment.

"The effective date of E&P deals usually occurs before the closing date. Therefore, revenue and costs related to the period between the effective date and closing date that are associated with a property acquisition are often accounted for as a purchase price adjustment."

Hi sipp - look at the announcement:

"EnQuest plans to finance the Transaction through a combination of a new secured debt facility, interim period post-tax cash flows between the economic effective date of 1 January 2021 and completion, and an equity raise (collectively the 'funding arrangements')."

Also look at the magnus deal which was exactly the same.

I think there was more detail in the webcast as well which clarified.