RE: Hitman. Future CAPEX17 Mar 2019 07:09
Just calculating there two new wells for 27 million and gives 6,1 million barrels thats 4,5 usd/barell.
Calculating on these 62,5 million barrels until 2030 thats approx 2,2 billion FCF
Not sure if these numbers are only fot the 75% deal or 100% field
Just grid down that debt with minimum capax as we discussed, and one day sooner or later we must be treated
as a safe company and get a valuation far beyond today.
P169 prospect
2.4 Planned Development
EnQuest has presented a development scenario that forms the basis of the Proved (1P)
and Proved plus Probable (2P) Reserves. This scenario is based on the following projects,
all of which are included in EnQuest’s development plan and budget.
x Continued production from existing wells excluding M62Z;
x Well M62Z which was completed and brought onto production in May, 2018;
x Well M63 completed and brought onto production in September, 2018;
x 2018 well work on two wells;
x Voidage Management;
x Drill well in 2019 to Canute location in Lower Kimmeridge Clay Formation;
x Drill well in 2019 to Central Area T10/T11.
Each of these projects is discussed in more detail in the following sections. GCA has
reviewed each of these projects and the data provided to assess the reasonableness of
EnQuest’s oil and gas production forecasts for each Reserve category. The best estimate
(Mid Case) predicted recovery to 2030 for each project is summarised in Table 5. 75% of
the future production is attributed to the Base wells.
Table 5: Mid Case Oil Recovery from 1st July 2018 to end 2030
Project Oil Recovery to 2030
(MMBbl)
Base 46.7
M62z 1.7
M63 4.6
2018 Wellwork 1.0
Voidage Management 2.6
Canute LKCF 4.1
Central Area T10/T11 2.0
Total 62.5
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