Member Info for Therapist

Natalita heading North and in our direction. Not updated but could be?. Sticky Vicky could be Flowy Chloe with a fairwind. Don't think that sentence has been written before. glaxxx

Spin, not sure on your route to Hormuz but keep a good look out for the next teekay as you steam, sail, row, punt. Enjoy your input muchly. Mrs Spin should be OK today!

oops wrong file

https://www.dropbox.com/s/om801q6n95b9rtx/Enq%20OGA%20BOEPD%20Estimates%20-%20Apr%2019.pdf?dl=0

Could have been embarrassing. I just had them on to see if they were comfortable .. .

Hi,

I thought i had put this up before so apologies if i hadn't.

https://www.dropbox.com/s/vxvw3pvedncqhbk/Enq%20Prod%20Data%20-%20Dec18-Feb19%20-%20OGA%20Data%20and%20Malay.jpg?dl=0

To clarify this is Enq working interest in all fields with a conversion of gas to boepd added to the black stuff and malysia estimated on recent data.

Nothing of much interest in smaller fields as far as I can tell although Thistle showing some consistency.

GLA xxx

https://uk.reuters.com/article/uk-mideast-iran-tanker-britain/iran-dismisses-reports-about-seizure-of-a-british-oil-tanker-in-gulf-irib-idUKKCN1U107S

Marine Traffic shows Pacific Voyager has reversed course and is going very slowly. Hopefully just someone forgot a toothbrush so they are going back for it.

I'm noisy here today, in my quiet unassuming way, so out of interest revisited the pumpedordumped chart. I specifically posted instructions for people to sell loved ones and body parts to invest in this share and I have gone down six places. Something tells me that pumpedordumped isn't the scientific trustworthy site I had assumed . . . . xxx

Hey Sapperno1,

Thanks for the insight. It is really nice to get info from the "oil face" as it were for someone who knows very little about the reality and "nuts and bolts" of how it all works.
Appreciated.

https://www.bbc.co.uk/news/uk-scotland-scotland-business-48853251?intlink_from_url=&link_location=live-reporting-story

For those interested.

https://www.dropbox.com/s/om801q6n95b9rtx/Enq%20OGA%20BOEPD%20Estimates%20-%20Apr%2019.pdf?dl=0

I've now added a gas conversion across the board on OGA data to get to BOEPD. Do what you will with "shrinkage" but I find this more useful to measure against reported figures.

Soon to be in the top 10. Sell your family members and your own vital organs . . . buy enquest . . . .NOW. xxx

oops. 2% i forgot Alba. Should be ranked in the 50's by daybreak. xxx

Yo Dudes, Ramper 105 here. Didn't know what ramping was till I came here. OGA April figures out. Showing a 1% monthly increase but Kraken not at full steam at that point. Pretty graphs available once I have digested the gas. Be good out there. xxx

Pelle,

Is this the sort of midsommar party you have planned?

https://www.youtube.com/watch?v=1Vnghdsjmd0

(I suppose i ought to do a warning for those of a nervous disposition - official trailer for midsommar out early July)

McLondoner,

I replied twice yesterday but both have failed to appear. Maybe I have filtered myself?

Anyhow in short, thanks for your efforts and explanations. My Jan / Feb figures differ by about 400boepd. I don't know how far back you went for averaging but I guess recent form at Magnus would explain that difference.

Trainspotting isn't far removed from Tanker Watching.

GLA XXX

Hi,

All really interesting stuff being discussed currently so thanks enquestrians.

You're touching on production again and I thought I'd throw in that I added oga gas data to my sheet

https://www.dropbox.com/s/biy0t1an47e9aub/Enq%20BOEPD%20Total%20against%20Kraken%20and%20Magnus.jpg?dl=0

The intention was to find a logic in the difference between OGA and company figures but proved too complex in the end.

My neighbour has leant me "A History of Royal Dutch Shell ", three mighty volumes and appendices. I'm going to know some stuff to impress fairly soon. Look out . . . .

Shouldn't you all be at church?

OGA March 19 figures out for those who like a number crunch. Kraken up on Feb approx 2373 bopd. Overall up 2% on Feb. Going to add gas and deduct shrinkage later . . .

All,

I've had a swift response from Enq. IR. I had seen on the board that some of you had found IR/Ian Wood approachable and helpful and I would now second that. All for little old me, I'm touched. Anyhow;

"OGA data is effectively “well-head” production (i.e. that metered at the field). For many of our assets, there are adjustments to get the sales number made for transportation (we have often referred to this as shrinkage – and it is usually 2-4%) and any produced gas that may be re-injected (this is true at Magnus in particular)."

So

OGA data is useful as a barometer and is probably always best case due to "shrinkage", re-injection and fuelling (although the latter not mentioned in reply).
Company reporting is probably "sales product" oriented.
Still no way of knowing accurate oil to gas ratio unless from company figures.

I think ongoing I will look at the sum of oga oil and gas, apply a bit of shrinkage and see if I can find a happy place where it all adds up close to reported figures. If that ends up looking exciting I'll put some graphs out again.

I hope some of that is useful and thanks for comments but especially McLondoner for helping me along the way.

GLA xxx

. . .and some news is good news . . .

Hi Londoner,

I've pulled associated gas from OGA data and converted MMSCFD to Boe. I know the conversion is approximate for many reasons.

Magnus 2018 Jan to Nov Oil I have as 3383 bopd net to Enquest
Magnus 2018 Jan to Nov Assoc. Gas as 1242 boepd net to Enquest

OGA figures show Gas is approx. 27% of total boepd

Using Jan 2019 as a comparison I have

Magnus Jan 19 Oil 18057 bopd net to Enquest
Magnus Jan 19 Assoc. Gas 6897 boepd net to Enquest

OGA figures show Gas is approx. 27% of production

Looking at OGA figures for Jan to April 2018 against recent Enquest update for NNS (including Magnus) the OGA figure is higher to the tune of around 1450boepd. Why? Different reference periods? Different ways of reporting oil/gas? I have politely asked Enquest IR to help me with that.

I don't pretend to be able to do the complex valuations that a lot of you do but Magnus puts a lot more emphasis on gas and therefore the value of it and I would build that into a model if i was clever enough to have one.

Back to tankers and comedy.

xxx

Hi January,

If the game was being played in bopd, which I think it was, I think I will now officially claim first place. Bopd has to be lower than boepd. I can't prove that the difference is more than half way between the guess of L3 and mine but just having spent an hour or so trying to convert the OGA gas data to boe I think I am safe. I want to be officially recognised as the winner, I want extra canapes if I ever attend an Enquest AGM and I want Teekay to name a tanker in my honour.

Here's a picture from the oga pprs help guide to submitting production data. It's the bit in green that upsets me

https://www.dropbox.com/s/ysijgt2xlefx9t1/Oil%20Field%20to%20Pipeline.jpg?dl=0

OGA shows a much larger number than I anticipated of associated gas production when converted to boe. I think I am going to ask Enquest what relation that number has to their boepd figure because it just doesn't add up.

xxx

L3,

69973 boepd. My Jan-Apr guess was 69,250 bopd so unless someone knows the elusive "e" we can share the imaginary prize. I submit to defeat in any other valuation categories. xxx