Member Info for Papegoja

I would like to know what happens to EP, as far as I understand it is only a cost for us. I also would like to understand how Veri will make any money?

I think the MUSD 15 is a bit conservative (representing 4,5% of the market value) However, many on this board as well as AM and the likes are LTH so I guess it will have a quite an impact on the SP. With decent production and oilprice it looks positive.

Thats why it is so important that E starts to purchase its shares asap. Reduce the number of retail traders and keep the LTHs

At the last Annual meeting held on 5 June 2023 the shareholders gave Enquest authority to purchase its own shares in the market up to a limit of 10% of its issued ordinary share capital. I think it is a good opportunity and has been a good opportunity for Enquest to start before it becomes too late/expensive. Just imagine what could happen to the shareprice if this happened. You buy 10% for coffee money!!

As a principle I don't have anything against a real WFT. So what is a real WFT?

If we start 1973 the price of oil was 28 USD. If the price had followed inflation that would be equivalent with 165 USD today. If we say the starting point is USD 60 which was the price in 1974 (following the oilcrises)then it would be equivalent with USD 354 today. Today the price is USD 82. I can't see any need for a WFT and I fail to understand the politicians in your Kingdom.

E is repaying its debt, closing down i Sth and now stopping the reporting to Canada. Part of it positive for the SP and part of it not. Any how, it does follow a pattern. Something must be cooking within E, my guess it is to make E more attractive for new shareholders. Lets wait and see

I think we have to leave with the fact that E is an almost dead share at the moment. There are more than 1,9 Billion shares issued and the turnover is a poor 2-8 million shares per day. That means 0,1-0,4% of the shares are shifting hands every day. Following this Board I can almost name everybody who is buying and who is selling. I can't see any new heavy shareholders coming in and i guess the shareholders we loose are the ones who disappear due to natural causes. Until this change nothing will happens. We don't even follow the oil price anymore. In my view this will only change when E decide to repurchase shares or introduce dividend. This can happen within three weeks time but more likely at the Annual Meeting.

I think there is more to be said about the Viaro Energys purchase of 15% of EP and Bressay. Why did they pay almost MUSD 60 unless something is cooking inside Enquest. What do they know that we don't?

Today and since many years back, EP and Bressay are just costing us money and I can't see how we can develop Bressay without someone else coming in with a lot of capital.

Something is going to happen soon.

Thanks Romaron,

Do you think we will do it ourselves or can we expect a new partner coing in? I expect the latter and within short.

Thanks voice,

So now we share Bressay with Viaro (not the the strongest partner but still money is money). We are getting closer to shareholder returns or perhaps not.

We have 85% in Bressay and EP and Viaro the balance. Next step being gas tie-back solution to reduce Kraken emissions, as well as an early production solution project at Bressay. All that sounds good, however I miss a partner with sufficient cash to start this project and if we are going to finance it ourselves then I expect the shareholder returns are postponed, again. Anyone who can bring some light on the cost to open up Bressay?

When it comes to EP its clear to me that E is selling 15% of the total value of EP. However, its not clear to me if E is selling 15% out of its 40% or are they selling 15% of Bressay? Anyone?

Also, the increase in SP today is a big and pleasant surprice to me. Could it it be that we are coming very close to 0,5 to EBITDA and shareholder returns are in the cards now and we are attracting new shareholders??

First day without the possibility to trade E shares in Sweden and this is my view on it. From 5/9 50% of the E- shareholders left Enquest. Approx 30 miljon shares were sold (net sales) with a vaue of between MUSD 5 - 6 (A small percentage of total shares and less than Es oilsales for one day).

The 4000 shareholders at Avanza that didn't sell are either LTH or people who do not care. We can now only sell shares if we call our broker and ask him to sell/buy and we also need to pay courtage that is more expensive. This willl clearly reduce the interest in E and reduce the turnover. I think most retail owners will do nothing and wait for "good times", whenever that will happen. I also think the bots are crying in Stockholm since they took care of 80% of the trade before E decided to close down Stockholm. We look forward to information about any M/A, Enquest Producer, Management plan for shareholder returns, etc etc.

To chirowama,

Whykeep the price down in order to issue shares at 13 p if you instead could issue shares at a higher price?

Dear Krak,

I appreiciate the comments from Stevo. Please drop the crusade agains him.

From Stockholm I can reportt that approx 48 % of the shareholders at Avanza has now left Enquest since 5/9. We are around 4300 that will now trade through a broker at a higher cost. I assume in this group we are LTH or totally uninterested in E.

Turnover in Stockholm today 534,000 shares with a total value of less than USD 100,000.

To Chiromawa,

Why do you say that we have new buyers interested in the SVT? Is there a way for you to identify buyers? In Stockholm the turnover is very low and I can't see any sign of anything apart from Avanza shareholders in E are exiting.

So another 230 Avanza shareholders left yesterday (4700 left). Since 5/9 Septemebr 41 % of the avanza shareholders has left. If there is any trend now apart from Avanza shareholders leaving the trend is that Avanza is not a net seller every day. The remaining shareholders are adding shares. Its like the LTH on the LSE.

To Krak,

I think IR is sitting on this information.

Being a shareholder in Sweden (trading with Avanza) i note that 38% of the Avanza shareholders have left Enquest up until today since 5th of Sept. Many retail holders do not really care about E and they will probably just get involved if and when they would like to sell (and it is not now). When that happens they will understand that they need to call there broker instead of placing there order themselves. They will also find out that it will cost them a bit mote to do the transaction. With that said I don't expect much to change on or before the 19th of Dec. There are still 5000 shareholders at Avanza and around 30 exit every day..

Being a shareholder in Sweden (trading with Avanza) i note that 38% of the Avanza shareholders have left Engest up until today since 5th of Sept. Many retail holders do not really care about E and they will probably just get involved if and when they would like to sell (and it is not now). When that happens they will understand that they need to call there broker instead of placing there order themselves. They will also find out that it will cost them a bit mote to do the transaction. With that said I don't expect much to change on or before the 19th of Dec. There are still 5000 shareholders at Avanza and around 30 exit every day..