Member Info for Therapist

Fat fingers ADVFN not the radio station . . .

Enquestrians,

This from Steelwatch at ADVFM. Anyone got a log in to read it?

https://www.upstreamonline.com/safety/enquest-awards-contracts-for-thistle-tank-removal/2-1-742497

GLAXXX

E121,

Very well spotted. Of all the people to "drop an E" it was bloody Nquest. Cracking number indeed.

GLAXXX

Enquestrians,

From Cairn update and reported Kraken FY19 35,600bopd gross, with no alteration to OGA figures, for Enquest this means with November and December being equal Kraken would be producing 45,639 bopd gross for those months which is 1,780 bopd gross better than highest month ever. If OGA is out in line with the Enquest November update (34,286 bopd gross Jan-Oct) then Kraken is producing at 42,170 bopd gross which would still be second best month ever. Either way the Kraken roared at year end.

We knew that but I thought a bit of reassurance was needed.

GLAXXX

Krakenoil,

I assume that is "net debt".

This is spreadsheet logic rather than financial knowhow.

$1.45 billion end 2019 closer to $.9 billion end 2020 (2020 production circa 71800BOEPD).

Look at me and my maths.

GLAXXX

Evening L3 et al,

Gas link for L3. I now have Malaysia at 5% gas inforned by the regional income and oil gas split in the FY18 report.
https://www.dropbox.com/s/lfnlhz8v9hub15b/Enq.Prod.%20Data%20Jan%2019%20-Oct%2019%20-%20Gas%20BOEPD%20Graphs%20and%20Data.pdf?dl=0

I remember the confusion at the Nov 19 Update with regard BOEPD totals. Someone mentioned IR having mentioned a Magnus correction updated in Enquest figures but evidently not OGA. Read a bit of a report explaining unreliability of OGA but is also one of our best sources of data.

Anyhow, looking at the Cairn FY19 Kraken BOEPD figure, that leaves my predicted Kraken producing over 47500boepd for Nov and Dec which is a bit of an ask so I wonder if there has been Kraken data changes also earlier in the year.

My financial model is now mega improved even having decimal points and currencies in the right place!! It's a learning curve. Looking at income I struggle to get to the HY19 £858,000,000 without some additional barrels or a premium to Brent average. With those added I volunteer FY19 $1,646,729,000 income, production 67,070 BOEPD.

GLAXXX

Riskingit,
I also have a Capita diving bell I would lend out but think it will in action for the foreseeable.

Win some, lose some.

Glaxxx

Yes. I sold my own deep sea diving suit a couple of days ago. Local plumber took it as was going off to Thistle to do his "first hot tap" (someone else must have spotted that?).

It was always going to be a ride. Scream if you wanna go faster.

GLAXXX

GKB,
Hadn't seen that one so thanks. I guess without a qualified petrochemical engineer here or further company info we are guessing but frick me it bodes well.

I'm Kraken 5 dollars plus since October minimum from my research.

I think Kraken is roaring.

Qualified with wtfdik.

GLAXXX

Enquestrians,

Don't think this has made the board yet.

https://www.offshoreenergytoday.com/enquest-files-decommissioning-programs-for-north-sea-fields/

Decomm liability as per working interest 65%. What's a secondhand Enquest Producer worth?

GLAXXX

HMH is on my big hug list at the 60p party,

GLAXXX

Colebrooke et al,

I guess if you were religious todays relief would feel a bit like god's peed?? I hope he/she keeps going.

GLAXXX

JJ et al,

I had pencilled a booking at my Sullom Voe strip joint "Enquest Undressed". A certain surprise guest (you know who) well rehearsed to do the dance of the flaming trolls for the delectation of the audience and the shame of his mother.

If invites are extended I'd go crossboard to Avanza Placera as a viking is always entertaining at a **** up.

Didn't post this earlier as on the roller coaster with everyone else and separate from the virtual ribaldry above this rumbles on: https://www.shetlandtimes.co.uk/2020/01/09/strike-action-looms-at-sullom-voe

But don't want to be a party pooper and sure is nice to have a lot less less money. Enquest undertakes Capita as my best worst investment.

Keep the faith,

GLAXXX

Oslo not Oceania . . .but you knew that . . .

For tanker lovers out there.

For some reason I have a "cookie" or similar that takes me straight to Navion Hispania if I open Marine Traffic. She has been at anchor off Gibraltar for about 6 months but is now on the way to Aliaga in Turkey. Unfortunately this might be the last voyage. Google "Aliaga Beaching" and you'll get the drift. I hope the Navion Oceania captain doesn't get confused and go 12 knots into Kraken!!

GLAXXX

Pelle et al,

Had big computer troubles. Not a microsoft fan at present.

https://www.dropbox.com/s/7nitqf1hnakcq1s/Enquest%20Jan%2019%20to%20Oct%2019%20OGA%20and%20Graphs.pdf?dl=0

Tinkered a bit since finding the North Sea/Malaysia, Oil/Gas revenues split in FY18 report. Left October prediction (based on prior 3 months) just because.

October a relative let down to expectations but maybe Malaysia has the surprise in store for us.

Make graphs not war. Peace Out Enquestrians.

GLAXXX

All,

I now have my own little model for finance and production.

https://www.dropbox.com/s/lc8lws3q02rwrig/Enquest%202019%20Financial%20and%20Production%20Estimates..pdf?dl=0

To qualify: I think I am very strong on production, not so hot at financials. I have looked at Fy 17, 18 reports and using the North Sea Malaysia split in the FY 18 report reverse engineered 17 and 18 with my production data to get to a happy place. Then applied that to 2019. 2020 estimate next.

Positive comments or constructive criticism welcome, negative thoughts and I put you in a gimp cage with a troll.

OGA Oct overdue . . .

GLAXXX

Hi GKB,

Not sure what you mean by "supplier" unless it is Enquest as a supplier of expertise to SeaPulse; "The strategic alliance allows Seapulse to access EnQuest’s expertise and capabilities in fast-track offshore project engineering and execution without the cost of duplicating that capability in-house at Seapulse. EnQuest benefits from initial data insight and the preferential farm-in option rights to Seapulse’s discoveries, without the cost exposure to exploration."

Paid for the expertise but those "benefits" are what I was alluding to however as you say the ST comment is either a something or a nothing. Find out tomorrow.

Exciting innit.
GLAXXX

SeaPulse?? Alliance announced in March. Quiet since then . . . . .

I'd be more up for a revelatory RNS tomorrow morning but could also be sloppy reporting.

GLAXXX