Member Info for oct23

One to watch ---

Register for ENQUEST PLC - Investor Presentation which will start at 24th Apr 2025 at 10:00am BST.

duration 10:00 - 11:00

Where :-

https://presentations.investormeetcompany.com/investor-meet-company/

You'll be able to enter the meeting up to 15 minutes before the scheduled start time.

As it's been flagged they may say payable to those on the register as at the date of the agm ?

From the results -- look on ENQ website for full copy

Extract :----

2025 outlook

▪ 2025 is a pivotal year, with EnQuest focused on delivering a transformational UK deal and accelerating its growth in South East

Asia.

▪ In the UK North Sea 2024 saw transactional activity fall, but with fiscal clarity provided by the UK Autumn Budget

statement, the Group continues to progress several UK transaction processes.

▪ In South East Asia, EnQuest has recently delivered the acquisition of Harbour Energy’s Vietnam business (7.5 MMboe

net 2P reserves, c.5.3 Kboed of pro forma 2025 production); secured the Seligi 1b gas sales agreement (13 MMboe net

2P reserves, c.6.0 Kboed from mid-2026); and been awarded the DEWA PSC (c.500 Bscf of gas in place, c.18 Kboed

production potential).

▪ A 34% expansion in the Group’s RBL capacity at year-end redetermination has boosted EnQuest’s transactional liquidity

(cash and available facilities) at 28 February 2025 to $549.0 million (31 December 2024: $474.5 million).

▪ EnQuest is pleased to propose a 2024 final dividend of 0.616 pence per share, equivalent to c.$15 million, payable in June 2025

following shareholder approval at the Group’s Annual General Meeting.

▪ Net Group production is expected to average between 40,000 and 45,000 Boepd (pro forma basis, including Vietnam volumes).

▪ Production from the current portfolio, excluding Vietnam, averaged 43,037 Boepd to the end of February 2025.

▪ Operating expenditure expected to total c.$450 million; capital investment expected to total c.$190 million; Decommissioning

expenditure expected to total c.$60 million, all on a pro forma basis.

▪ Kraken FPSO lease rate reduces by c.70% from 1 April 2025

Announcement 4/4/25 @ 16.29

Re Milli - ( Pinocchio ) "so why not Uk Northsea home grown gas"

Why would he walk to buy kellogs cornflakes from lidl's 600 yards away for 99p when he can drive in his expensive oversized ( and yet to be recycled ) electric car and go to Waitrose 5 or 10 miles away, and pay £3.25 for the same brand ( or better still get waitrose to deliver ) ???

Pride - just one of the 7 deadly sins

Https://www.investormeetcompany.com/

Register and log in.

This one ought to be interesting, ( bearing in mind offer timescale of April 4th ), the last time the body language looked somewhat tense.

"No company tells you the dividend for a year that has just started? "

My schoolboy accountancy skills and logic would say why not :-

2025 outlook says

§ EnQuest is pleased to propose a 2024 final dividend of 0.616 pence per share, equivalent to c.$15 million, payable in June 2025 following shareholder approval at the Group's Annual General Meeting. (§ Maiden shareholder distribution in 2024, $9 million share buyback completed. )

§ Kraken FPSO lease rate reduces by c.70% from 1 April 2025.

Seems simple, first 2 or three mnths of savings on lease appeases the divi campainers.

F Y I

SERICA ENERGY PLC - Full-year results 2024

When

09:00 - 10:00

Where

https://presentations.investormeetcompany.com/investor-meet-company/se

Did anyone else watch the Serica presentations which are recorded/ archived on https://www.investormeetcompany.com/

The last presentations body language looked significantly more nervous/rattled than the previous year, after having had poor production and having dished out divi's depleting cash reserves - No doubt this is obvious to ENQ.

Oxygen --- Isn't enquest producer fpso still warm stacked and could this be brought into play ?

ENQ is a business, not a charity, I guess any offer / negotiations will reflect this, being a LTH I hope so.

S V terminal ???

Quote :- "Further cash will also be needed for carbon capture, an industry that the Government says could transform the North Sea’s emptied oil and gas reservoirs into storage tanks for carbon dioxide. But carbon capture remains commercially unproven – and controversial. The Institute for Energy Economics and Financial Analysis has branded the £22bn pledged for trial schemes “a waste of public money”. It warns storing carbon under the seabed would require costly monitoring to prevent dangerous leaks. Meanwhile, the Government’s hydrogen plans have also attracted brickbats from critics who say electrolysis is far too energy-intensive for the gas to become a true mass commodity."

I really couldn't bring myself to go thro all that clap trap which has been spouted many times in the past

Quote : - "It’s about the pounds in people’s pockets. " -- so it can be taxed away again.

I read long ago that for every dollar printed, six dollars of dept is created = inflation - sooner or later one way or another taxpayers pay

This is payback time for the East India Co blasting 7 bells of cr4p out of the poor devils to impose their opium trade on them creating millions of addicts- our addiction is the mainly short lived superfluouse consumables littering car boot sales free ads and the dump ---- the old way (still valid) buy secondhand quality rather than new tatt

Get the Stuck Farmer t shirts out --- Prof Gordon Hughes for P.M.

On a smaller scale but same principle, my nice slim battery powered 24/7 wristwatch was made up from 2 chuck outs from the local charity shop for the wonderful price of net zero, (but for the price of said battery), however every so often it stops and awaits a new battery, (as per no wind or sunshine) my backups are then trusty old totally reliable automatics, a flick of the wrist and off we go again.

ROM

RE your link https://www.youtube.com/watch?v=DEbERzYtnD0

from the comments to it - cut and paste to browser the words " pictures from Ireland of hundreds of old wind turbine blades " - dozens of pictures should appear showing thousands of said blades littering the world

Rom - it's simply schoolboy logic, Sabine has been on about for years, but why listen to a scientist when politicians pride is at stake and business takes the kings shilling in the way of subsidies - (ENQ) at SV site ??

https://www.youtube.com/watch?v=awN2w3sGj1w

https://www.youtube.com/watch?v=HIVmSewHqMY

https://www.youtube.com/watch?v=Zklo4Z1SqkE

Watch again Amjad at Davos

https://www.cnbc.com/video/2025/01/23/u-k-is-effectively-slowing-down-investment-and-bringing-energy-industry-to-a-standstill-says-enquest-ceo.html

Https://harrowonline.org/2025/01/27/councillors-approve-plans-for-europes-largest-data-centre-near-m25-potentially-hosting-tech-giants/

https://www.lbc.co.uk/news/what-is-deepseek/

Bit like america spent loads of money to make a ballpoint work in zero gravity ---- the russians used a pencil

Millivolts rising inflection was so annoying I couldn't watch the select cttee mtg right thro - I now find RR has adopted the same feature.

Dumbly

What I do to access articles that want you to sign up or pay up -- open said link, copy/cut and paste headline or majority key words into search bar, a list of providers of same article should appear, if yahoo link appears it will be word for word the same

I like the section further down the RNS re Vietnam --- extract --

VIETNAM

Vietnam has significant potential for oil and gas development beyond its established 4.4 billion boe reserves, with an increase in deepwater exploration in the hydrocarbon-rich South China Sea driving projects which seek to replace the production from mature offshore fields. In addition, there is significant opportunity for late life asset managers, such as EnQuest, to acquire producing assets as established operators have PSCs nearing their end dates.

Vietnam is investing in infrastructure to support oil and gas production, including offshore drilling rigs, pipelines, refineries, and storage facilities. The development of these facilities is vital for enhancing production capacity and ensuring the country's energy security.

Vietnam has also invested in expanding its refining capacity and petrochemical industry. The Dung Quat Refinery and the Nghi Son Refinery are examples of this effort to process domestically produced crude oil and to reduce reliance on imports.

Enq could do several deals like this for less than Serica paid out in Divi's

Https://www.investormeetcompany.com/upcoming-meetings

tomorrow 9 am