Member Info for Pelle

Sounds like something James Bond would say:-)
Must admit my head start to get overfull of Enquest data and complexity.
Just looking forward to the week at Ritz now soon during the 60 p party.
Do you know if they have swedish coffee there?

Thanks E,

Sounds fair enough.
Sometimes I wonder if you work at Enquest:-)

Chilting, so you think it’s a flat rate now?

Hi Gkb, We only got 10 milj and I assume it’s for issues in past. That’s peanuts in long run. So I assume contract is changed and based on actual production

Hi Kraken Lol...yeah but ask them if swap is possible after you got answer at first question.

Hi Kraken, I think they changed contract last autumn in favour for Enq. Due to the problems. I remember Enq share spiked and Bumi went down. Maybe something to ask from IR?

Hi L3, I like when your relaxed and happy! Then all of us can sleep good at night

Hello E, Yes it’s makes sense RCF 700 year end and mid range AB Davos EBITDA 750-800 milj. Equal 0,9

Hi Squif, Opex was slightly up in H2 but I read before they included the work overs at Alma. Don’t know why it’s opex and not capex. Maybe they include pipeline works for 2019? I think once all work is done we should come down closer to 20 end this year

Hi January, Fully agree! Just forgot small thing, Magnus 20k 100% now for around 6 months Its just to hold on and grind down that debt.

Hi E, You changed to Fernan version of Magnus cash flow?

Hi L3, Please check Fernan post regarding Magnus casflow to Enq witch he checked with IR. Its better for Enq short term. I think there was also mention something in Telefon conf. that weight in favour for Fernan. Then the first 100 milj to BP is splitted over 5 years.

Profittaker, It was only paid 100 milj to BP. And it’s only 2 months update And it’s not really possible extrapolate so simple. Good thing is now for this year we will have a lot FCF from Magnus on top of everything. And Magnus prod looks strong

Morning E

I think this will re valuate the company now with a stable FCF at a lower breaking point.
We will see higher oil prices in spring so I am happy they didnt hedge more in further horizon then Q1 except OZ.
And once oil at closer to 80 again I will call AB this time make sure we put that as floor price for longer horizon.

And Magnus should drill 2 wells this year and peak production was estimated in 2020.
Guess they they lift the production curve now.
One more Magnus please!

Hello E,

Wow, yes you were spot on debt! Its 100 milj reduction last 2 months!
Its very good and Magnus is above wildest dreams!
And I assume we didnt get any FCF from Magnus up until end 2018.
So things will go even faster this year.

This can go back to 30-40p quite fast now

Evening E

ok, I was just going to ask you:-)
Now we are on same page. I think even 65-70 usd will do the RCF in 2 years.
And everyday now with 60+ oil we are going into safer waters

Hi January

Your absolutely right, deal will come soon.
And I think market might already know something, oil already starting recover last hour now.
So its best top up here before its to late!

Minerb, I think you have left us long before this time next year!

Minerb, does market know? Or doesn’t know? Seems you switched logic now