Member Info for Pelle

Hitman

I thought we concluded before here that restriction for dividend is
RCF below 500 mill
Bonds PIK around 130 mill to be repayed.

Is it not correct?

Enq will go from unwanted to poster boy of FCF in 2020

Typo, Except summer maintenance

Hi Hitman,
Yes it’s very well done with Kraken and now I see 36-37k full year.
Basically 45k proven track record during last half year expected some summer maintenance.
I didn’t expect this development based on guidance and past history.

Let’s fix the SP now also:-)

Exactly Hitman,
Its what I want to see also.
Then you have positive news short,mid and long term

Haha Hitman,
But prices spiked at midnight opening so maybe they were awake.
L3 even made detail hedge proposal.

If they just let it pass I will be disappointed again like last autumn

HHH, check PMO hedge.
Q4 at 70 usd

Time to put your estimates.
First price, VIP tickets to Therapist nightclub “undressed”

Prod BOEPD Jan-Oct 69k
Jul-Oct 70k
Net debt end Oct 1550

KO,
Yes, but he can make an offer 25p take it or leave it any day.
If he gets 90% acceptance it goes through.
Seen it many times happen with big owner family.
And with so small MC now compared to FCF its dangerous

Either MC must go up in 2020 or we will see some changes on owner side next year I think.
If AB does it or some new player comes in and also try to get controll or 10-20% I dont know.
Exciting future with 400 mill MC and 600 mill FCF

GKB, Details are important.
But I am not weird kid or old chap:-)

Hi Hitman
I think by year end you only have 50 mill left of the 2020 amortisations.
and by end summer debt is around 1b
GKB calculated Kraken load 75 to Sept. I call it D-day!

KO, yeah but looking back at analyst early this year they were bit right.
If Kraken problems continued or oil stayed low there would not be much cash at bank now after the amortisations.
2020 is complete difference, double FCF and no amortisations basically.

Question is just if AB will play all cards now or some in Feb/March?
Last year he guided production only this time around.
And opex/capex in Feb or March

I think we deserve all cards now

Hitman
Add also
No 50 mill negative capital movement
30-50 mill savings at interest and leasing
30-50 less opex

If they don’t give this sense of this picture on CMD it’s bad.
I would not be surprised if analysts give SP targets of 40-60p if AB puts out guidance for next year with roughly numbers we have in mind here

Hi Hitman
I agree with your answer.
Ans : because the II don't believe Enquest can do it.

And thats the missmatch between AB and market, and then its not enough say look at numbers and send a vague guidance.
Thats what I hope will change on Thursday

Romaron, it’s bit strange in my opinion.
Who finds it hidden under financial calendar?
Why not front page or mention it together with the last report?
No time mention or that it will be weblink.

I am excited about this event that take place every 5 years.

Probably AB told them to turn signal off to prevent SP to go up until Thursday.
2 days more..

Deep discoverer on the way.
Passing Kraken

But if he buy's now he cant present any SP driving information or?
In Sweden its 30 days rule before report, now this is not report but still operational update + CMD.
I remember in spring he bought 1 week before operational update

Whats rules in UK?

Looking back at early year I can agree in analysts was worried how Enq would do it in 2019.
If Kraken production continued underperforme and bit lower oil price there would not be much cash left at bank by now.
Now that didnt happen and next year looks like the complete opposite, big FCF and almost no scheduled amortisations.
That market not picked up on this yet is very strange.
I hope AB give guidance for market and they can do their numbers.

About selling 15% Kraken, I am bit mixed.
Think I am in favour of keeping it and instead go extremely tight on capex H1 2020 and smash down the debt until summer close to 1b.

Squif, you come back new born:-)
Remember we were joking about 20p early year.
And where did the Magnus value go

Lets hope now AB can Neil it:-)