Member Info for OilViking1

If the latest deal goes through, Enquest will be most similar to the oil company DNO with about 60% of its production in Kurdistan and about 40% in the North Sea of ​​Norway. With almost the same reserves and net debt. The only difference is that DNO has a market capitalization of about 1.8 billion USD.

The rise in Enquest's share price should therefore be enormous. The share price should go to at least about 60-70 GBX.

And if the EPL changes and Amjad gets a deal in the UK, I believe it will be over about 100 GBX.

I told you all not to follow what some very negative people wrote about the company.

I agree with Profitaker. I see no reason why the price shouldn't be above about 60p. Still very cheap considering the recent deal.

Just compare with similar companies with production over 100k per day.

Krakenoil

Great to hear. Can you tell more for those of us who weren't there?

Stevo is wrong again

My 2026 FCF projection at realised prices as follows:

Zero at $60 oil

$220m at $85 oil

Stevo

I'm still saying 58 usd but you said 70 usd. You can't have multiple numbers. Mine is 58 and yours is 70.

Stevo12

I may be a little optimistic but you are too negative. So maybe the breakeven is somewhere between what you and I are saying. But closer to mine. Breakeven around 62 USD per barrel.

Now I'm leaving this discussion about costs. Because the oil price this year will probably be over 85 USD per barrel. And Enquest will probably get a deal for producing assets in the UK

Stevo12

OPEX $450M (many years it has been lower than the guidance)

CAPEX $160M

Abex/decom $60MU

Leases $65M

Net interest $60M

Breakeven is approx $58 per barrel

Breakeven is around approx $58 per barrel. But because of the hedging program, breakeven is around approx $55 per barrel.

Crazy and believe that breakeven is at $70 LOL

Sekforde and Stevo

As you wish. As long as you two are happy.

Latest target prices from Cavendish and Shore Capital give about 40p for Enquest. Enquest has still more to give. And this without any changes to the EPL. Imagine the target prices if the EPL changes to OGPM.

Sekforde sold his Enquest shares at 10p. Bought Serica shares at 150p.

Sold serica shares at 180p and bought harbour shares at 250p.

He has made a maximum of 40% up.

He missed 120% up in Enquest. Stevo managed to convince him well LOL.

Now he is very bitter.

Stevo has such distorted numbers that he starts referring to analysts. He can't stand by his numbers anymore.

Nope it is not achievable. Especially not with the rusty Triton.

Anyway, I'm going to stop writing with you. You twist numbers and leave out details to match your intentions.

Finally you've lost your bet with me about Breakeven. Pay up and keep quiet about Enquest. Write whatever you want about Serica.

Hahaha 1 billion FCF for 70 USD oil and Enquest debt prisoner. Are you kidding me hahahah.

And you don't have a clue about PSC.

Stevo12

Your are wrong. According to my calculations as follows

According to management guidance on costs. capex and production of 45k/ BOEPD for both companies. Breakeven per barrel compares as follows

Serica $48/barrel

Enq $52/ barrel

The disconnect between the two valuations is just crazy

Stevo12

Your are lying. According to my calculations as follows

According to management guidance on costs. capex and production of 45k/ BOEPD for both companies. Breakeven per barrel compares as follows

Serica $48/barrel

Enq $52/ barrel

Stevo

What a clown you are. You twist the numbers to suit your intentions. The cost difference is max about 100 million USD. Serica pays about 50 million more in Capex. And in free cash flow the difference is only about 30 million USD. So no, the market capitalization difference is not fair.

You are misleading people with your numbers. Talking about bankruptcy for Enquest when the stock was down to 10 GBX was not smart on your part. The stock went up about 120% a few months later. There is more upside. At least about 200-500% more, depending on what happens next. So stop with your ridiculous talk.

Stevo

You and sekforde are idiots. Serica and Enquest are almost identical. Enquest just has a little more net debt. Therefore, Serica earns a little more but not much.

sekforde

you haven't made a **** of money switching between companies.

and for the record, my and stevo's bet on breakeven is for 2026. what am i going to pay for.

and the costs for serica and enquest are almost identical after enquest bought out bp of the magnus field. so to you and stevo, stop spreading ****.

if there were to be a consolidation between enquest and serica, it would be 45% enquest and 55% serica.

don't listen to stevo12, he knows nothing. bull****. he claimed that enquest would go bankrupt when the company's share price was 10 gbx, all time low. since then the stock has gone up 120%. lol. in my opinion, the stock should have been over 30 gbx by now. so the potential is still great.

he's talking about 2p reserves. enquest has about 162 million 2p reserves. serica has about 140 million 2p barrels. and enquest has about 5 times more 2c resources than serica. for 2026, enquest's capex+abex is about 220 million usd but serica's is about 250 million usd. for almost the same production. the list could be made much bigger.

We have never had any bets on net debt. We all knew that net debt would be around 400 million USD.

Yes, that's right, we have a bet on breakeven for Brent oil. I have said 55 USD per barrel and now you write 70 USD per barrel. Oh man, you are so wrong.

For your information, 70 USD per barrel gives Enquest free cash flow of about 140 million USD.

And finally you have had so many mistakes. It wasn't long ago you were talking about bankruptcy for Enquest. Hahahah LOL

In my opinion, Enquest is one of the best companies on the stock exchange.

I’ve written repeatedly that Stevo12 is constantly wrong. Ignore what he says