Member Info for Tigar

"So how could the government afford to cut bills by £150 in the recent budget?"

They arn't, they are moving £67 of green costs from bill's and not adding £84 of costs that were expected to be added to bills in April so it angers me that the claim of £150 is spun as a cut in bills not the £67 that is going onto general Taxation instead.

I am mystified, doesn't take much. I presume Enquest has been wrong footed but agree we now have a great partner.

They seem to think that the costs of net Zero end when it is installed, not that you have to pay the interest and the money back, and constant replacements needed as hardware wears out. We have a wonderful Drax power station that will hopefully be connected up to carbon capture which will mean billions of subsidy wasted as it might as well burn coal if it works.

Suspect we will be waiting for the bones of Waldorf no end to EPL must be final straw for them, towel coming in. But what is the big deal, Harbour NS assets? New Year should be interesting.

Initial rate is SOFR+4% I have a feeling this means we are taking over Waldorf question is what haircut its lenders will take. loads of decommissioning liabilities outway their assets?

I would expect AB is interested around our spere of interest and not NS.

The deadline for bid submissions for the Estuary Cluster via the MBR online portal is 16.00 local time in Malaysia (08.00 GMT) on 1 December 2025.

Petronas said it would evaluate bids during December and into January 2026, with the aim of informing the winning company/consortia in January through a Letter of Award for the PSC. The official signing of the Estuary Cluster SFA PSC is scheduled for April next year.

Consultant Welligence Energy Analytics on LinkedIn noted that the Estuary Cluster is located approximately 30 kilometres from the nearest existing infrastructure on EnQuest's PM8 Extension, and it neighbours Ping Petroleum’s Beta Cluster and is adjacent to Jadestone Energy’s Puteri Cluster.

I took a few more Today. reasonable hedges and we have to say if we are worth £200m how much is Waldorf worth after decommissioning liabilities £1? plus a big Magnus type deal in wings?

Magnus looks good we have invested in new wells and suffered from pipeline closure so this probably accounts for no payments needed to BP 100% of capex is recoverable before any share for BP, I see we paid $104m EPL this is legal robbery But I know the accountants have a field day with ledgering all the figures but I think $104m is 38% of a figure that leaves 62% of that figure $169.6m that are somehow on our ledger. As long as they can rummage up $20m for a divi.

I like many? have my divi reinvested so glad at doldrum share price at moment. Pay day Wednesday.

By 2050 everyone of those windmills will have had to be rebuilt 2nd generator. 3rd set of blades? Have filled up to my limit in anticipation of upcoming fire sale purchase or a divi.

I am afraid Miliband believes his porkies and is surrounded by a band of subsidy vampires who worship his wisdom and will suck us dry with his signed contracts that may be difficult to unwind ourselves from. He has convinced Starmer he is the king maker and he owes it all to him, and our only hope is for Starmer to see the light and call an Election before he is overthrown. And too many contracts have been signed.

And that should end the 9 x cheaper bulls--t

That is an impressive piece of kit!

https://www.enquest.com/global-operations/uk-decommissioning/heavy-lift

Have we any Idea of BASF current holding, have they been selling?

We obviously require a NS deal to use our Tax credits, I have been thinking as BP are reopening the Merlach field in NS could that be best run by us perhaps a Magnus arrangement would be in best interests of BP, something should surface soon even if it is just 100% ownership of Kraken.

To me the crux of this is not the $100m share buy back it is the BASF potential buy back we have cash to buy some but what is their minimum price they will sell at, I suspect it will be at least £2.60p, about the share price when deal was struck yes we had the £3.60p headline assumed value but doubt BASF will wait that long, expect we will soon see them doing a deal for a large chunk.

Hi NSS

I bought more at 193 just before update sold after at 230 so my core holding breaks even now, so have a sell order on about 15% of my stake at 250 am relaxed about it going through before Divi date, if it does I have a profit I could plough back on a fall, if not I just get Divi that's my thinking see no reason to fold especially with this divi. Like your post's usually reassuring.

Problem is they are going for growth as it can fund a wild public sector spending boom, they have worked out how much it could bring in and spent it, but before it has happened. ENQ will be 60p and HBR £6 I am convinced of it new house and car on order!

Not so sure about well balanced?

" Harbour is effectively a graveyard for game-ending assets. That might rule out the shares for some." No mention of Argentina Mexico etc but hey ho it's one viewpoint.

Suppose herd instinct is better than the dartboard.