Member Info for Pelle

Lol GKB, well I can wait and its not much difference to house arrest today

Beerbull, Lol... dont you think they will release me when they see my other 20 buy's in the past?

Hi GKB,
Agree, this is far worse then earlier attacks shooting down US drone and the tankers.
OIl supply is also far worse impacted then hitting single tankers.

Evening E

Aha, Helsinki. I been 1 time but didnt find it so interesting from what I remember. Or I just didnt find they right areas.
Yeah, we know Magnus deal in detail by now:-) Very clever done by AB back then and details 25/75% timing and profit split all very clever designed.

Lets hope good times ahead of us now, we really deserve it after all these years:-)
I find it unbelievable Enq is still below 20p or was maybe:-)

Look forward to Monday!
Have a nice weekend

Hello E,
Yes, this will be exciting times.
You go to Copenhagen or?

Squif, its new movie released here 11:01 by BTFATH.

Squif, did you not see the guardian movie?

I think this will be the catalyst to spike oil prices and Enq to get out of that range.

Barclays also upgraded to 23p and they had 11p half a year ago.
More banks will follow and Moody’s update probably.

I also get a feeling we might be bit to pessimistic in our assumptions.
And that HMH might be on to something.
We seen both AB and Helmut buy at 60 usd oil level.

Anyway sooner or later we will leave this SP levels behind if oil stays on these levels. Imagine we can run out 1500 mill FCF and be debt free in 3 years.
Once it’s considered a safer bet that this will come true the SP must go up more in the front then in the end.

Hi GKB,
I was also interested in this opex question but no-one answer me before.
Looking at Enq report 2015
2014 opex 42 and 2015 30 usd.
So partly the low oil price environment have helped reduce cost and efficiency in my opinion.

My question was more like, what is normal opex now for other operators for a Magnus field?

And what is an cash price 10k production at such field.

I think that would be interesting know more about

Squif, to leave 20p level?

Thanks Colebrooke.
Crystal clear!

BTFATH1, thanks:-)

Maybe will not believe me but I actually bought 200k more shares for family at end of the day yday.
Intention was first to wait another 1-2 months and see oil prices and Kraken production.

Maybe we will leave 20p for good on Monday:-)

BananaJoe, I filter him today.
Imagine the potential in doing more such deals and almost risk free I would say.
Big money for both BP and Enq.

Yes, this fire looks really bad.
It must effect oil price much more then the tanker attack’s before

Venezuela fields was in bad shape and declined production already before sanctions. That will take years to ramp up production.

Neil, I am as honest I can be.
Cost, I only see 100 mill and those Enq now got back in first 9 months this year.

The rest is profit yes profits they share.
Do the match yourself with profit margin of 40 usd today and 20k/day field that Enq get 62,5% from.

https://www.aftonbladet.se/nyheter/a/Wbd0ea/trumps-teori-darfor-ar-jag--ibland--orange

Twalbyoff, I think another 6-12 months hardcore debt reduction.
We will see how fast things progress.
Halfway into H2 already and our FCF estimates range from below 100 mill to above 250 mill with basically same oil price assumption.

At least we know things progress fast at current oil prices

Twalbyoff,
I have 70k and 60 oil.
End 2020, debt 1b so RCF and Oz could be gone
2021 another 500 mill FCF

But I guess they will keep a debt of around 1b

Yes, they made the deal 2-3 years ago for 25% and had option to buy the 75% for 100 mill before end 2018.
With they exercised.

I mean make another deal now on similar terms and pay BP 100 mill 2021 something.
Fits Enq perfect because they will then have a lot cash.

Neil, no misleading.
The only cash Enq put up was 100 mill in last autumn for the 75%
These 100 mill Enq got back first hand during last 9 months before start share 50/50
Go read report!