The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Production data out. Seems Magnus further increase in November. Would be nice if someone put together all data.
https://opendata-nstauthority.hub.arcgis.com/datasets/NSTAUTHORITY::-nsta-field-production-pprs-wgs84/explore?filters=eyJPUkdHUlBOTSI6WyJFTlFVRVNUIFBMQyJdLCJQRVJJT0RZUiI6WyIyMDIyIl19&location=55.325390%2C-0.567550%2C5.88&showTable=true
Mrc, we also dont have but we have:-)
Just in Malmö with 300k people.
Heleneholm, bought in oil in case it’s needed.
And limhamn is pure oil and started running yday.
https://sv.m.wikipedia.org/wiki/Heleneholmsverket
https://www.sydsvenskan.se/2022-12-12/efter-vinterkylan-limhamnsverket-eldar-olja
Hello,
I heard your electric price in UK is crazy now.
Here in Sweden also but not that extrem yet.
But a couple of Oil power plants are running now or on alert mode.
Are you running power plants on oil now?
Must be a lot of oil for this if all Europe doing this.
This Orrön now made 1,5m usd profit in Q3.
It’s a spin-off of Lundin energy when it was sold.
It’s the renewable green electric part of Lundin.
Bad part is that packed it with the Sudan court case liabilities also.
Turnover and profit is like 1% of Enquest but it attracts a valuation of slightly higher Mcap than Enquest.
AB can now offset WFT with pumping in 100-200m into CCS and renewable energy.
And hand over such a company to shareholders in few years. Worth multiples of the Mcap of Enquest today.
That’s what I believe we will see
https://www.placera.se/placera/telegram/2022/11/25/orron-energy-rorelseresultatet-blev-15-mln-usd-3-kv.html
This one also old re-post
It was another guy from discord noted it’s old
https://youtu.be/fYGPdvDdD6s
From Enquest IR to Swedish guy.
IR also confirmed in another mail hedging losses are deductible
You’ll appreciate that the details and definitions which underpin the amended EPL mechanism have not yet been released and, as such, concrete answers can’t yet be derived. This is evidenced by the disparity in cash flow impacts being modelled by analysts in their initial notes on the amended tax for EnQuest and our peers. Equally, if we did provide an estimate of the tax impact, that would effectively be a profit forecast, which is not something we have done or will do.
However, based on our understanding of the new EPL mechanism, the basic calculation is arrived at as follows:
UK Revenue
(less) Opex (excluding depreciation and interest costs)
(less) Magnus profit share
(less) Kraken Lease – principal element
Taxable Profit (pre-Capex)
(less) UK capex
(less) Tax relief = 0.29X Capex (investment allowance totals 1.29x capex)
Taxable Profit
EPL applied at 35% to taxable profit
Kind regards,