Buy and Hold imo. Good luck all
500p possible here in next 6 months. Strong Buy
I have just read 4d may raise funds on day of listing or day after if market conditions allow. After the heavy discount at last placing I am cautious now. I may sell and see if I can get in lower after fund raise if there is one. Good luck all
Within days after the vote. So March.
Fantastic news, great find. I can see the share price over 200p before then. Once on Nasdaq the real fireworks will begin.
Registration of securities complete. Here we go
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001830162&owner=include&count=40
Once US listing occurs this will rerate as valuation gap closes, as this is undervalued against peers.
https://cardealermagazine.co.uk/publish/could-industry-stalwart-tony-bramall-be-about-to-launch-a-bid-to-take-car-dealer-group-lookers-private/217308
80p would be a steal.
Something brewing here NAV is 90p Strong Buy
Bought in here today. These are undervalued and largest share holder increasing holding shows confidence. Follow the money these will be 100p very soon.
EnQuest PLC Agreement to acquire UKNS asset
Intraday Enquest Chart
04/02/2021 7:00amUK Regulatory (RNS & others)
TIDMENQ
RNS Number : 9845N
EnQuest PLC
04 February 2021
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA OR JAPAN OR ANY JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
EnQuest PLC, 4 February 2021
EnQuest signs agreement to acquire equity interest in the Golden Eagle development
EnQuest PLC (together with its subsidiaries, 'EnQuest'), an independent oil and gas production and development company listed on the London and Stockholm stock exchanges (ENQ.L and ENQ.ST), is pleased to announce it has signed an agreement with Suncor Energy UK Limited ('Suncor') to purchase Suncor's entire 26.69% non-operated equity interest in the Golden Eagle area, comprising the producing Golden Eagle, Peregrine and Solitaire fields ('the Transaction') for an initial consideration of US$325 million.
Highlights
-- Adds immediate incremental production of c.10 kboepd, c.18 MMbbls to net 2P reserves and c.5MMbbls to net 2C resources(1)
-- Provides significant value enhancement in excess of US$100 million NPV(10)(1) at a long-term oil price of US$50/bbl, primarily related to accelerated partial use of EnQuest's tax losses
-- Low cost structure with 2021 unit operating expenditure expected to be c.US$5/Boe and life of field operating and capital expenditure anticipated to be c.US$20/Boe(1)
-- Significant remaining development potential, with anticipated field life extending into the early 2030's(1) :
-- Four-well infill drilling programme ongoing, with two of the four wells onstream. The programme is scheduled to conclude prior to completion of the Transaction, which is expected to take place no later than the end of the third quarter
-- A number of unsanctioned activities associated with further sub-sea and platform infill drilling, topsides water debottlenecking and an active well intervention programme are being assessed
-- Various third-party near-field tie-back opportunities being considered to utilise available capacity of the facilities
-- Strong safety record with zero lost time injuries since start-up and zero safety critical maintenance backlog at the end of 2020
-- Materially lower CO2e intensity ratio than UK North Sea industry average
(1) EnQuest estimates
EnQuest Chief Executive, Amjad Bseisu, said:
"We are delighted we have agreed the acquisition of a material interest in Golden Eagle, a high-quality, low-cost UK North Sea development. Upon completion, this acquisition will add immediate material production and cash flow to EnQuest and will allow us to accelerate use of our substantial tax losses. It also demonstrates our continued commitment to the UK North Sea and diversifies our existing production base.
Any holders k