Member Info for Therapist

Hi

The Barakah case seems to have been settled in favour of Barakah/PBJV. Just under £14 million. The sum was sitting with the arbitrators so may be accounted for already.

We'll get them next time!!

GLAXXX

https://theedgemalaysia.com/node/734195

Hi

So with NSTA figures for September in and usual Malaysia assumptions I have us year to date at 40.5k against projected year minimum of 42k. Upside is annual maintenance now factored into those figures for last couple of months but also downside Malaysia carry gas in there. A "transformational" boost is needed.

GLAXXX

Hi,

I had a look at Harbour North sea assets on their website today. Most of the non operated assets have a mention of reduced works due to EPL and uncertainty ongoing. Most of operated assets don't. That might be politic but might be interesting.

As an aside the Seascape investor meeting was like seeing an obviously well educated but excited child expecting a sugar rush in a sweet shop when the pocket money finally comes in, from both the CEO and Chair (I think he was Chair). I've seen that before with Orcadian. They mentioned Enquest minimally until the Q and A, where with a direct question they were actually very complimentary, but I thought odd that wasn't a keypoint of the presentation.

Just some musings,

GLAXXX

Or gleaned . . . .whatever.

Hi

Investor Meet Company Seascape meeting at 10:00 tomorrow. Maybe some more info to be leaned.

GLAXXX

60p DYOR GLAXXX!!

Hi,

So anyone have an idea what the extra GKA decomm responsibilities are worth? Enquest have often touted best in field for decomm and Waldorf and other liabilities may be on the table. "Decomm is good" "Fossil fuel is bad" so good PR.

I'm still here although I've given up hope of blowing away the daughters student loan and the mortgage. I feel all dirty like an unrepentent pimp surprised to be at the Pope's birthday party.

GLAXXX

Hi,

It had been bugging me but we were long overdue some subsea intervention at Kraken with a bit of "SCM and CITV Change out work scope at DC1, DC2 and DC3 Drill Centres", as reported by our friends at Fish Safe (keeping fisherpersons safe, so they can catch fish, and not keep them safe). Thank frikk it didn't slip their minds. The first one of course is an SCM or Subsea Control Module and you haven't got a porpoises chance in a UXB zone if you're not on top of that. The second "CITV" isn't restoration of a disbanded kiddies TV channel service to the vessel (that would be yew tree weird) but of course works to the "Chemical Injection Throttle Valve" and we all know we need to keep that one operational in our everyday lives as well as our subsea ones.

Just trying to help.

GLAXXX

Hi

Altera Wave coming our way for another servicing at our hot and heavy funnel of love.

I was with a colleague in London the other day who met a friend working for civil service in ESaNZotUK (sounds like a sneeze.} He said the department were pleased that they were working with "Headflawed Sillyplans" as he only had to read information once to understand it". It runs deep. With my work head on am looking about three years out and budgeting for at least 10% year on year increase on energy costs.

Still here, still hopeful. GLAXXX

Hi

"Enquica "regardless. Eco ring to it with some imagination.

GLAXXX

Hi,

Not sure if Waldorf website decommissioning page is up to date as I believe Wenlock is now with Energean, but there is a programme of decomm. works there and that is often touted by Enquest as a best in field activity. Could they take those liabilities off Waldorf's hands for the right price??

GLAXXX

hi enquestadorians,

a little jan24 - may 24 update for perusal if you so wish.

https://www.dropbox.com/scl/fi/gj1owgn4a0skemhfbjh2q/enquest-nsta-production-data-jan-24-may-24.png?rlkey=cbpdn7hut6mxqn8z20465k0li&dl=0

towards the lower end of annual guidance. no sign of any uptick at gead.

see you on the other side of 4th july and the ****fight that will follow . . . .

glaxxx

Hi Enquestadors,

This is not symbolic, nothing to worry about here:

https://www.pressandjournal.co.uk/fp/news/highlands-islands/6502129/oil-rig-explodes-kishorn-nc500/

So that's a goodbye to Northern Producer

GLAXXX

Hiya Enquestrians,

I have never claimed to be a financial genius but wtf does this even try to mean??:

https://waldorf-production.com/news/

I'm guessing they've wrapped themselves so tight in corporate bewitchery that they won't even smell the doo doos as it approaches the fan. I eagerly await the promised update but in the meantime if anyone can translate what the frikk that means for Enquest then I'm all ears. Scolty Crathes relevant as well as Kraken.

GLAXXX

Hi All,

The discord board had an IR response saying update will be "Immediately ahead of the A.G.M., which this year will take place on 30th May". I interpret this as on the same day. Regardless I'm eagerly anticipating a fantastic update followed by a characteristic share price crash and associated long cool bathe in the pool of shattered dreams and despondency. See you all there. GLAXXX

Hi,

I thought Steve was formidable on the latest FY results presentation. Now been sent in to play with the big boys. Politic in action.

https://oeuk.org.uk/oeuk-strengthens-board-with-three-new-appointments/

GLAXXX

Hi,

1 I think Bressay gas cap was development plan through for approval by end of year and works planned soon after. £60 million. £30 million per year for diesel at Kraken and this would replace 80% of that.

4 Plenty of mention of international growth opportunities but North sea with tax benefits and Malaysia with "preferred operator" status come first. No mention of AB's Davos murmur.

5 Dividends. Lots of intention signalled but no date as far as I can recall.

"Hopper" opportunities was me. Don't give me that jargon . . . . GLAXXX

Hi, The Dolphin presentation yesterday confirmed an April 25 start for expected commencement at Kraken for the 137 day drilling programme. GLAXXX

Hi Stevo et al,

I listened to the meeting earlier. I've tried to find a transcript but I am fairly sure I heard AB mention Indonesia (as hinted at Davos) fairly early on and in relation to an increase in gas in the mix. I think this year a "late life operator top quartile everything" confidence in the North Sea was balanced by an increased future outlook NOT in the North Sea but abroad with "core capabilities" (drilling, interventions and decomm) being mirrored in Malaysia and possibly elsewhere. I don't remember the "we could go elsewhere" proposal being so prominent before even if that is maybe 5. 10, 15 years away. Tie that to the comments on lack of investment and it is politic. Nice work.

GLAXXX

Hi,

I'm calmer now disrupters are more or less absent from the board. Lord knows what Swinney is up to now. I still hold out hope, although pounds down and having been here a while. Thursday will be interesting.

I still occasionally catch up with the Barakah legal case which now has a mid April end date and which if successful is worth approx. $12 million if victorious to maybe spread across the dividend timetable.

PS I also haven't got a clue . . . . .

GLAXXX