Member Info for Pelle

Hi Enquester

I think they go under anonymous there

Take the data for them

Hi Enquester

Your talking about stockholm market right?
Did you try this brokerstats?
You can get a free month or something, I already used mine.

Then you can check how many shares the nett sold last.
And present here data diffrent time horizon, week,month,3 months, 6 months

https://www.brokerstats.se

Yes, its been going on for many months. I also don’t understand how many shares they can have

Hi Hitman

If I remember correct it was 90% chance of finding oil all 12 projects together.
so each project 7,5% chance of oil find and we have no idea of size,time frame, cost, share margin.
Its way to early think about anything here but I like the idea you state.

"Provide the people and expertise, work out total cost, add a reasonable profit margin and get paid in bopd"

Hi MO, Ok, thanks. I think I give up OGA. It was anyway only few times during year they were ahead of Enq updates. So now I don’t see much value in it.

Hi F AHL, Did you manage view December data?

Saw this in Swedish page and it’s development over last 2 months for shares followed by 4 or more analysts Enquest sticking out badly Share price up 20% Earning /share -80% 2020 PE up 500% 2020 Is this the reason so low share price? If analysts are getting it so wrong Data from Factset https://www.avanza.se/placera/redaktionellt/2019/02/22/sa-mycket-har-varderingen-stigit.html

If there is a discovery and if Enq win the bid to develop it I still think we are at least 3 years from now that Enq need to put any money in it. And I think they can use existing cash flow for this. Would be nice with another Magnus deal also that can be executed in the next 1-3 years from now Then we have short,mid,long term potential

Hi L3,

Your right about adding a speculative angle to Enq and at no cost in the initial face.
This is what made Lundin petroleum so successful, drilling for discoveries, develop and produce.
Downside is that we have no clue of what percentage and cost we might get or if we even will win a potential discovery bid.
But it sounds good to be in at early stage basically as a prefered supplier for development and operator.

Its hard to guess market.
I dont see anything negative in this.
Dont see much possitive either as is only something that might happen 3-5 years from now

Why they mention debt in RNS?
Interesting : "They're recognised as one of the leanest developers," Seapulse chief Scott Aitken said of EnQuest

Hi Hitman

I also think DC4 wont do much difference to production level, its up to fpso performance.
And I doubt AB would buy so much additional shares on top of RI if he saw problems can't be fixed.
Something closer to 40k would be great.

Hi Hitman,

But a potential first oil I guess is 2025 or maybe even further away.

Regarding DC4, old contract was canceled and Enq got much lower rates for new DC4 contract.
If I remember correct day rate went down from 400k usd/day to 135k.

Doesnt sound like it will afect anything now.
Found info here also
Drillling will be finished after 2 years from now.
They need to find oil
And Enquest needs to bid for it if they want.

But good to be in it longterm
Thats how I understand it.

https://www.maerskdrilling.com/news-and-media/press-releases/maersk-drilling-and-seapulse-enter-alliance-to-execute-global-exploration-drilling-programme

Hi KO

See the Magnus prospect P173 production forecast.
Maybe we could lift that curve to something between 20-25k next year.
Even that curve show prod 10k after 12 years from now.
So I assume Magnus will produce another 15-20 years or maybe more.

Lets hope he can pull of another deal this year

Hi L3

I think next year much less capex going into existing fields and instead save money to make another Magnus type of deal. I dont see how they could spend 200-250 million next year on existing fields.
Even with very limited capex next year I can see production increase 2020 because we will harvest capex we pushed in during this year.
We saw that end 2018, with volumes picking up for Magnus,Malaysia,Alma

Hi L3, How much capex you see going into existing Fields next year?

Hello Ajes

Your SEK investor also? :-)
Only the pdf version I get pages and at P14 I dont see your numbers.

Anyway, finance lease and interest I have just cut down with 10% for 2019.
Magnus 37.5% and vendor loan I am trying tracking separate.
Its good enough for my calculations.

Next year I guess they must cut down capex to 50-150 million.
Cant be so much more work to be done.

Hello Ajes

I have less on leasing cost and interest, around 275-300 million.
But repayment Magnus 25% vendor loan to BP maybe around 75 million. (maybe you included in others)

So in the end we come to about same numbers.

Will be interesting see market reaction.
Looks good with even further production increase but hedging could have been better from last autumn

Give this 2 years more with oil average 65+ and this company must be looking really good.

Hi ProdOpt
Thanks, guess we need to continue live on bread and water and hope god hears our 40k prayers:-)

Had to google about ATM raid, I live in south Sweden so it was not on news here.
In fact it happens often here so news almost dont write about such things anymore

Wow Jan
That was spot on!
What is next next week guess? month/year
Or your still need take in all data and massage it? :-)
Have a nice weekend
/ Pelle