Member Info for Tarmak

Hi!

Its easy to make something wrong when its import and export in it.
I working on a solution on the errors and before that will I put in numbers by hand (to get it right).

Have a nice day.

Regards/Kamrat

Hi!

Ko,
You sold out again?

If the price of the share shall normalize against the FCF it will go up, imo high.
How high is depending on the level of divi.

Regards/Kamrat

Hi!

Sorry for using translate again, I shall try to not do it later.

As for GE, I have made a mistake regarding the drilling and its costs (my files Comp.fin at the bottom).

This means that my estimated approx. 37m in drilling costs is eliminated and is instead taxed and deducted from the purchase price.

Is in clear text on page 57 in the prospectus: A four-well infill drilling
program has concluded in the Golden Eagle Area Development with all four wells onstream

https://www.enquest.com/fileadmin/content/Golden_Eagle/Golden_Eagle_-_Combined_Circular_and_Prospectus_dated_30_June_2021__Final_.pdf

Corrects the error as I have time but wanted it to come out in the forum.

Regards / Kamrat

Hi!

gurun told me that JPM was involved in the business of GE so why not send them a mail!

The third mail is sent to James Thompson at JP Morgan.

It looked like this:

Hi james,

I'm an anonymous shareholder in Enquest but I do not have to be if you contact me.
I have researched the company and made some files that may be interesting.

The files are read with a summary (comp) and an in-depth study of finance (fine) and oil and gas (comp Gas & oil).

There are a few more files (and maybe even a new deal that has been hinted at from the company) but you can ask questions about them.
https://drive.google.com/drive/folders/1h_a4jmSsXq2iypyHqoFXfo49pIZzmoid?usp=sharing

Most of it is at least in English but I am a Swede.

I hope you contact me if you have any comments or questions.

If you wonder about me, Iam Writing at the forum of LSE and in the Swedish forum with nickname Tarmak and my signature is Kamrat (meaning comrade).
Tarmak is a Kamrat backwards
Regards / Kamrat

Should I do anything in other way?
Any comments?

Regards/Kamrat

Hi!

As I didn`t get any response from Jamie, I´ll try with Johan (Pareto)(I also given a describe how to read it).
He got my files now and I hope for response.

Regards/Kamrat

Hi!

Epi, Therapist,L3
I have check it up and the earlier year look like this:
Year Net Enquests Part/y Oilprice/y
-20, 6436, 4394, 68,3% 41,96
-19, 8653, 5812, 67,2% 64,30
-18, 8432, 5631, 66,8% 71,34
-17, 8938, 5884, 65,8% 54,13
-16, 9148, 6426, 70,2% 43,64
-15, 8689, 5958, 68,6% 52,32
-14, 3459, 2078, 60,1% 98,97
I will not lay any energy about it and just have it as a following-up-point.
My count is starting from 67% and I hope thats good enough.
--------------------
L3,
You probably right about that my questions did not give what I wanted.
I´m pretty sure that the fault is on me (not IR).

Regards/Kamrat

Hi!

Epi, Therapist, L3
What you write make sense.

Thanks for all work on the describe, Epi and Therapist.
Now I have some workover to do (in my way) and it may take a wile but I will show it when its done.

Regards/Kamrat

Hi!

Epi,
I'm happy to tell you that your thought was wrong.
Not to get it right but we both benefit from it.

It is net numbers (see page 3 in the half year result) that are presented and Jon was moderately amused but as always
polite.
I felt a bit stupid as its so easy to check up but it soon gone.

Regards/Kamrat

Hi!

gurun,
Thanks for telling me about my error.
It became wrong as I dont have the expensives in it so you have to ignore that part.

Here is right numbers:
There is talk of earnings / week and everything becomes a truth with modification.
At present, GE works hidden and taxed until the business date.

(this year"s fcf / days * weekdays / number of shares)
587 248 515/365 * 7 / 1 885 924 339 = $0,0060 / week

It becomes clearer if you only count on H2 with a higher price but still GE-hidden
386 000 000 / 184 * 7 / 1,885,924,339 = $0,0078 / week

Only GE in the last 59 days of the year.
fcf 56 376 965
dgr 59
Week 7
Shares 1 885 924 339
$ 0,0035
Total
H2 number $ 0,0078
/week $ 0,0113

SEK Only GE
Sek 0,031
Total
H2 nr. Sek 0,068
/vecka 0,099

There is a huge difference in how it actually is when Ge is implemented.
So expect it to currently tick in at least $0,0113 / Week and in Sek 0,099 /vecka when GE is finished.

My average price for H2 is also not really correct to use as the price is higher in Q4.
However, there are hedges that can hold back some.

Regards / Kamrat

Hi!

Its find one wrong in that!
Ha, ha

//Kamrat

Hi!

There is talk of earnings / v and everything becomes a truth with modification.
At present, GE works hidden and taxed until the business date.

(this year's fcf / days * weekdays / number of shares)
587 248 515 / 365 * 7 / 1 885 924 339 = $0,0060 / week

It becomes clearer if you only count on H2 with a higher price but still GE-hidden
386 000 000 / 184 * 7 / 1 885 924 339 = $0,0078 / week

I have calculated day production during Q4 with the average price (what I got) in H2 (70.25) and then GE is not hidden.
60 000 * 70.25 / 1 885 924 339 * 7 = $0,0156 / week

There is a huge difference in how it actually is when Ge is implemented.

Completely without GE, it is:
(60,000 - 12,012) * 70.25 * 8.7 / 1 885 924 339 * 7 = $0,0125 / week

So expect it to currently tick in at least $0,0125 / v and when GE is finished at least $0,0156 / v.

My average price for H2 is also not really correct to use as the price is higher.
The production number I use is also a bit low.
However, there are hedges that can hold back some.

Regards / Kamrat

Hi!

Epi,
You are probably right in that and in that case H2 number should be 4200.

I use the net numbers who Enquest shows.
Its time fore a mail again.
I present the answer when I got it.

Regards/Kamrat

Hi!

Sorry for using translate but anyway you got the update.

Given that the GE deal was so protracted, I decided to, in this situation, update the forecasts.
I have done it in two steps and Tapis (Seligi, Malaysia) I have done Brent = Tapis where I previously had a deduction of $ 0.5 on Tapis.
This is because Tapis commuted a little above (premium) compared to Brent for a while.

By the way, I have upgraded the Brent price (where the calculation for VLSFO and Tapis is based in my files.
Changing in forecast (v.41)
V41-44from 76 to 81
V45-52from 78 to 85

In addition, I have added a hedging loss of 30m in H2 which is completely taken out of the air.
So I think it will be one but do not know what size.
--------------------
When Jefferies downgraded us last time I sent a copy of my files to Barkley's (James Hosie).
I got no feedback but maybe he looked a little anyway ...
----------------------
Golden Eagle is incoming (comp-21).
https://drive.google.com/drive/folders/1h_a4jmSsXq2iypyHqoFXfo49pIZzmoid?usp=sharing

Regards / Kamrat

Hi!

Pelle,
About the gas.

In -20 the part of gas was 15%
The same in H1 -21

When I looked at the price and count om them from these periods they line up with c 95% security.
The line up tells me that its probably the higher price we got with some count off.
A barrel of crude usually contain C 4% gas but you can count a bit less as Krakens gas is negligible so around 11,5% is bought .

The reason why I dont count on the higher price in my files is that I dont have a model to do that as I dont log it regulatory.
I use the part of the price i H1 (c. 65% of oilprice) and knowing that I dont counting too high.

Regards/Kamrat

Hi!

I have no response of my statistic of US.
In May I started to look at it monthly and even if I just wrote July they still changing in the numbers of May and June.
Can anyone tell me why?

From now will I dont change earlier numbers and I dont know if anyone is interested anyhow.

It anyway shows that since -15 have the best 5 places increased its production from c 62% to c 70% of all production.
There are (a lot of) small places with expensive activities.

Regards/Kamrat

Hi!

mrc,
Thank`s for responding.

I have just spending a couple of hours to search info booth on Enquest and OGA.
I just haven't the skill.

Regards/Kamrat

Hi!

Tigar,
Thank`s for responding me.
Yes its hard to get fresh news about it.

I did not know that they have the license but I know they should have it.
I have send them that complementary question.

In the same time I asked about the last date of drilling pm 409 (Malaysia).
It shold be in -23 but I dont know when.

Regards/Kamrat

Hi!

Aloj, Simplyme, others
I recommend to save the link.

I updating quite often and if it is anything you wonderer so please Write a note to my mail (I dont look at all post in LSE).
The respond is big for me so thanks.

Regards/Kamrat

Hi!

Aloj,
I havent speak ore wrote English since school, back in the eighties, so when it shall be many words I take the easy way.

Free-handed can be fun as when I wrote about new business (affär på svenska and I use affaire).
Jan did have a fun time then.

I have some favourites at the fora but I try to keep away from discussions cause it take too much time.
I dont like when people just want to rise and fall the sp and thats why I try to produce numbers.

These numbers is not liked from pushers cause they will have exaggerated numbers.

Have a nice week
Regards/Kamrat

Hi!

Tango-Cash,
Kamrat means that one person is friendly and wants others well.

Do not confuse market value with a company's performance.

The fact that Enquest is incorrectly evaluated is the reason why many are here (to take part in the upcoming evaluation).

If you are serious, you look through my files and if you have sufficient knowledge, you will see that most things are based on real data.

Comp -21 is summary.

When delving into the subject, you go to Comp.fin for finance and oil & gas for prices etc.

There are also two files for -22 where one includes a new deal.
Compare them!

Do not forget to check out the top of Seligi's gas.

The link:
https://drive.google.com/drive/folders/1h_a4jmSsXq2iypyHqoFXfo49pIZzmoid?usp=sharing

You can post your numbers on TWR-fora and if i`m interested I look!

Regards/Kamrat