Member Info for Papegoja

It's encouraging to see support not only from Reform and the Tories but also from a range of other sources and reports confirming what was clear to us shareholders from day one when the EPL was introduced. One can only hope Labour might also adopt some common sense — or is self-inflicted harm still their strategy of choice?

Unless the EPL is changed the NS is dead, in my view. You don't develop anything unless you can make some money in the end.

In Helsingborg!

I think they are in discussion with Ed. I hear he is (our your taxpayers) are willing to pay for electricity even if it is not used.

The price of electricity up in the North of Sweden is so low that it doesn't make any business sense to invest in wind turbines anymore. Our hydro magasins are full of water so the wind turbines are producing electricity that can't be used by anybody because there is simply no demand up in the north. I wonder who picks up the bill when they go bust?

I think there is something cooking either a transaction or an amendment to the EPL. With limited free-float increased interest can move the SP a lot.

Don't you have any by-elections coming up in Scotland that could change the thinking. Both Tory and Reform are hammering them on EPL and how it will kill the O/G industry you have left.

Is there a reason 13 should be some sort of selloff point? I await a positive change to the EPL and following that perhaps some will give up and sell. I can't see 13 being anything special.

What do this Board think about the yo-yo pattern we have in E?. It moves 5% up/down in a day and it moves 2% up/down on individual trades. Is it all down to limited free float or does anyone have a better idea?

Is there any shareholder who holds shares in E through Avanza who knows when the dividend will hit our accounts?

My view in respect of EPL is that many people are now starting to expect some changes to the EPL (professionals as well as people within the government, advisors) I think they are informing their friends about a potential positive change and all of them are now looking at potential winners if that change will take place. Enquest will be one of the winners so I expect higher turnover and increased SP going forward..

If possible, could someone ask about

- Enquest producer (Is it just a cost or do they have more interesting plans?)

- Veri energy(Is it just a cost or is there a business idea behind it?)

I tend to agree with Ed. E will sell its gas/oil at market price. The EPL will of course kill the Oil and Gas Industry in UK , and since UK still needs oil and gas they will have to import it , at marginally higher prices (transport) and with a higher CO2 (transport and inefficient extracting of oil/gas in other countries) and disregarding the security aspect of having access to oil and gas. That is the choice Ed has made.

We all understand the EPL is killing the Oil and Gas industry in the NS. No investments in the industry up until 2030 is like a death sentence for the industry as a whole. However, it doesn't mean that all Oil and Gas companies will die. Some of the companies will survive and I guess our hope is that E will be one of them. So what is best for E? Is it to struggle for 5 more years paying 40% tax and taking advantage of the misery for others or is it better to get rid of the EPL already now? One thing is clear the 60p party will not happen as long as we have the EPL in place.

The report was in my view solid even if it didn't bring any surprises in respect of performance. The dividend was welcome and it will probably attract new types of shareholders. The fact that is EnQuest focused on delivering a transformational UK deal and accelerating its growth in South East Asia makes 2025 very interesting as well especially when they have boosted their war chest to $549.0 million (28 February 2025). If we could only get the UK government to come up with some changes to the EPL or the tax structure in general I think the future looks very positive . My concern now is only the oil price.

E repurchased 55 million of its shares during 2024 for GBP 7,0 million or 12,58/share. I wonder of E is going to use them in a UK transaction instead of cancelling them. If the share price holds at 14,00 they have a value of GBP 7,8 million.

To Stevo 12,

When I look at the pressrelease it states 1 jan 2024 not 2025 (see extract)

The transaction has an effective date of 1 January 2024 and is scheduled to complete during the second quarter of 2025. The headline value of the transaction is $84 million and, net of interim period cash flows, the consideration to be paid by EnQuest on completion is expected to equal c. $35 million.

Enquest repurchased 59 million shares of its shares at an avarge price of 12,58p. Lets move beyond that it will feel good.

Can management/board buy any shares at this point in time?

Ed has confirmed that Great Britain will need gas for the foreseeable future. The country has the option to produce it domestically in the North Sea, enabling taxation of both gas companies and industry workers while also building national expertise. However, both Labour and the Tories have chosen to weaken/kill the oil and gas sector through high taxation, opting instead for imported gas. As a result, Great Britain will lose tax revenue from North Sea companies as they gradually leave, along with jobs in the sector. Additionally, Labour and the Tories have accepted higher gas prices due to transportation costs and increased CO₂ emissions, as imported gas has a larger carbon footprint.

The debate over whether gas is cheaper or better than electricity is a "rabbit hole" discussion that few fully understands. In my view, the government should just simply remove the EPL (Energy Profits Levy) since it makes business sense and will generate taxincome. If they don’t, is till my hope that E will be among the few winners/survivors due to our tax losses

Dear Modestus, please forward this information to Reform & Tory so they can hammer Labour with the it on a daily basis. It makes so much sense on every level so I do not understnad why this is not used. Reading that Red Ed felt so safe in the Parliament makes me sick. I think Starmer and Clair needs some ammunition in order to get rid of Ed.