Member Info for Swimmer2026

Tanks that hold the whole structure together!? ha ha ha

John Maynard Keynes said, “The market can stay irrational longer than you can stay solvent.”

WEny, Hopefully that chart answers a lot of questions moving forward thanks for sharing. Holding for 40p+

Beer, well said - i believe in your summary and was about to post something similar. Enquest showing strength and resilience in the face of adversity, which bodes very well for the good times (soon). Cheers...

Hi Pelle they said that with hedging even if the spot price is $80 they can’t just take that on the forward price as each month moves away from top price?? but i agree should have been smarter. maybe its just because Amjad is focused on a a real world oil model and a medium timescale rather than get rich quick decisions. what happened with the job that was available relating to hedging (that would have been a good question to ask - but as it was my first AGM i just listened!)

oh yes thanks for that correction cheers 4.75 plus what ever base rate yep

Hi Pelle, they wouldn’t be pressed on any forecast as expected stating the unknowns of oil price fluctuations. Jonathon Swinney came across very calm confident knowledgeable about the financial modelling he does talking about use of collars, I would be very happy with him if i was Amjad. Although Amjad said something about Hedging being good and bad (sorry can remember exact words). He said Hedging saved enquest in 2015/16 by adding 500 mil to bank but was a bad bet in 2016/17 with taking a hit of 94m and 40m. So in my opinion paying a mastermind hedger 1mil would be well worth it to avoid getting the hedge wrong. I think 4 years was mentioned as a guess at repaying all debt when assuming 70000 and $70. that was in responce to a nice shareholder from bolton (a real jolly older character holding 700,000)

from memory: when asked by Kevin Brenan (a rep) about demonstrating to the markets Enquests ability to refinance Amjad said Enquest’s interest rate was 4.75% so didn’t see any need to look at refinancing and also stated separately that there would be no new major projects requiring debt and every focus would be on paying debt down to 1.5/6 by end of this year. Afterwards Phil Holland reiterated this point to me, saying paying a dividend this year would be a bit daft when the main aim is to reduce debt. Other shareholders seemed to support this strategy.

Good to meet fellow holders especially epiphany and romaron (thank you for chatting). I met many of the directors before and after, all were very nice people. Got home about 9pm as looked round London afterwards. Made some notes will reveiw on Sunday. The best way i could describe the meeting was professional, conservative, open and informative. Afterwards the directors were chatty happy and positive. Magnus was mentioned as ‘like a dream’ to run. Off to work now. Good luck.

ok thank you, what a beautiful morning, enjoy...

is this load 38 or did 36 get split into two part loads making this number 37 sorry if this has been covered already, i’ve recently been falling in love and my heads somewhere else :-) ps i’m still waiting for my letter to attend agm on thursday (they said it will be in todays mail)

* quietly!

Watching and waiting quitely in the background with 100k+ shares, appreciate reading eveyones input on here, miss MO. Registered with iWeb (haifax) to attend AGM they said they would post a letter to me near the time, has anyone else registered and how long does the letter take to arrive? Can i register for the 61p party please Jan? not big drinker mind, so only need 3 pints and i’m gone! Thanks in advance.

Barclays analyst James Hoise reiterated an Underweight rating and GBP0.11 price target on EnQuest Plc

Yes i think they are joking around

I just noticed that all the MMs are now offering/bidding much bigger chunks of 100,000 rather than 20,000 last week, is this observation correct? I guess this also shows extra confidence.

first dibs means get your cheque book out

they do know in advance

woody, the share price has been going down but it is now getting ready to go up...

feels very much like a bottom!