Member Info for oxygen

I think Nvidia’s results tonight, and forward guidance suggest AI isn’t in a Bubble as others would have you believe, but on a path of genuine growth. As VLX are well positioned in their exposure to this Data Centre growth, these latest Broker targets look readily achievable.

Good set of results with realistic forward targets, we are into Insurance after all. Have now raised my exit price.

Always promised myself if ever AV. Reached 700p I’d sell the lot, not too sure now !

Impressive stuff & Divi.uptick. What’s not to like !

This is a great vote of confidence in Enquests future, unlike recent commentators believing otherwise.

Excellent Presentation highlighting remarkable chemistry from such a small team. This won’t satisfy Traders though as they see the timelines, but those with patience will be happy. Back late 2026 !

Interesting Market reaction so far, clearly the science is too difficult for many.

Don’t forget for the period September to December 2025, the Group has c.1.6 MMbbls of production hedged, using swaps at an average price of $71/bbl.

Have added today !

Triton the ‘ Achilles Heel’ but it’s what you get with complex kit approaching 30yrs old.

The wait here is frustrating but I do gain some comfort from AB’s words within the HY Results, so I’m not going anywhere until he delivers.

“EnQuest's growth strategy remains robust, with a focus on delivering a transformative UK acquisition”

“EnQuest's business development team remains very active in both the UK North Sea and South East Asia, as the Group pursues transformative growth “

By 2030 the UK should have a new Government, and one that supports the NS albeit by then it will be on life support !

Telegraph this am :

Rachel Reeves has suggested Labour will soften its crackdown on North Sea oil in a blow to Ed Miliband’s net zero ambitions.

Speaking on Monday night at a Business Mtg, the Chancellor pledged to support “homegrown energy” and said this included oil and gas extracted from the North Sea.

Ahead of the Budget, we should be publishing our North Sea strategy, which I hope will give some certainty to [the sector] to be able to invest in the UK.

That’s a big win, well done BGO.

So OPEC + agrees to add 137K in October with a potential up to 1.65mb over the year. Agree bearish albeit OPEC increases have fallen short of the pledged amounts as most members are pumping near capacity. Only Saudi Arabia and the UAE are actually able to add more barrels into the market. Hopefully Brent will hold above $60.

Probably of more concern is who’s joining Milibands team, another NZ fanatic !

Managed to get a couple more 250k parcels early this am, only one shows here !

AIM. My money is on a Cabinet Reshuffle after the Autumn Budget / Conference season. If the Markets take fright over RR’s Autumn Budget, Starmer needs a fast backup plan & that’s a new Chancellor, albeit I’d prefer to see a new Energy Minister. Change both and xmas falls early this year !

Guess there is a small glimmer of hope that the rumoured Windfall Tax to shortly be applied to Banks, replaces that covering the O&G Sector !

Agree, CC sounds desperate to tell more, and we’ll likely find out why on the ESMO data readout !

The BoD don’t seem very bright here. Now they even confirm a lower floated offer is OK, guess they may be surprised should that suddenly now get amended. Sorry for those stuck in here.

Feel we may struggle on Production during Q2 given Magnus was shut-in later in April, for circa 4 weeks given that pipeline outage ( AGM Op’s Update ). That said forward guidance should be positive which is what Markets like !