Member Info for Squif

I see that AB has invested more of the family trust and that is great and the directors have awarded themselves more bonus shares but has swinney, davenport and ricketts actually invested any of their after tax savings?

Epic - they are just catching up with the eia reportof last week which also showed a 9m barrel build. Api report has proved fairly useless of late.

Epic - you are looking at yesterdays Mcap. Today is 463 mgbp. Ok - enq worth a touch more than 75% of Magnus. Big congrats to ab

Of course its not his fault that the market has collapsed but the sp should still be significantly highdr than what it currently is. Enquest now worth less than what supposedly Magnus is worth. Lol

Hi Jan. Agreed - but it hasnt changed for four years with similar fundamentals so it wont change just because you think so. AB is hopeless at positioning whatever value he has created and quite frankly all he has achieved is value destruction. Pmo has a much more credible team evidenced by the greater ev. Enquest market cap just slightly greater than the last two rights issues

Yeah - exactly what one needed. Pelle - agree that fcf will be important in the near term. I feel that 150 - 170 after financing and capex should be possible with an average brent price of 75 and above. As epic noted they have puts at 66 which should guarantee they get the full benefit. This hit us all hard with the h1 results. In addition with the payment from bumi and bp enquest could possibly improve net debt with 200m. Mo - how we looking for next hook-up at kraken and what is Alma producing?

Haha epic. Its all a big joke.

How can AB fail so Gravely to sell in enquest to the investment community. I simply cannot understand with all the pain that shareholders have been theough and all the money that we have pumped in and all the investments that he is making that here we are at 80 dollars a barrell and enquest is barely valued above what has been pumped in through ri. Where the f:;k is the 500m npv!!!!!!!!

Thank goodness that someone was interested and they didnt need to be flogged for 21p. What a relief!

I am struggling to see what value AB has created. At the moment the shareholders are hit by everything thrown our way and we have pumped in lots of money at the same time that poo is around 80. Under those circunstances AB must create value for shareholders. What the hell is going on???

What happens on the 30th october wisdom?

I hope so. It feels like the npv 500m has gone missing somewhere....

Good call Jan. Need to be careful not to post market influencing comments! Hope that it was serious

You too! Would be good IF the long suffering shareholders could get a whiff of something from AB.

Thanks mo! Been on the rosé tonight? Hoping for a repairer spike. Wondering where the npv 500m has disappeared. Have you found it?

You do that epicbaby. Enjoy!

Pot calling the kettle black epicbaby? I guess then barclays are donkeys as well. On this forum we should all live in fantasy land! As barclays wrote “However, the fact that it was necessary despite our prior estimates indicating otherwise highlights the sub-optimal nature of EnQuest's disclosures around what has become a complex operating and financial structure,” Barclays analysts said. “Simplistically, EnQuest is a debt-levered North Sea oil producer that should be quickly paying down debt in the current macro environment. “In reality, we forecast end-18E net debt being flat year-on-year at c$2.0bn as annual EBITDAX growth of c160% fails to translate into free cash flow.” Pelle - theres your answer to cash flow after financing and other AB trickery. 0 in cash flow.

Love your work mo. It is admirable that you spend so much time analysing the ship movements for a share that has basically gone nowhere for 3 years. Is this your day job? How is that paying the bills? Anyway, i understand it as much as what AB is up to. I suspect his plan is to keep on losing money and dilute everyone else and then he will end up owning everything of a company Valued at 100m. Gees - even with the rights issue enquest is valued at 600m. That includes 250 m odd that we shareholders have ploughed in. Love the fact that he says proudly that the npv of Magnus is 500m. No one Values it AB. Look at the sp!

Pelle - would not say that Alma / galia is fixed. We need the narrative from AB. Dont believe it till i see it. Scolty was also a failure and kraken to be honest. Yes at 40k now but is severely delayed. Compared to pmo even the job is meagre. But yes he negotiated a low poo however we were technically bankrupt 2 years ago. What you do with your investments defines success. AB has borrowed 2 bn and turned into a large negative equity.

Yes - a disenchanted one. Too many mistakes from AB have ruined this company. We have gone nowhere the last 4 years and many failed projects