Member Info for Tigar

Surly to turn Kraken or any other oil production green you just need to capture the carbon and deposit it in an old unused field and we have plenty of them.

Enquest must realise that if they don't make share holder returns till we have cleared Debt then by then governments will be putting windfall taxes on oil company profits so nothing is gained by delaying a well deserved dividend.

Jan2
I been out all day just catching up on posts. I liked your post on my ramp, it was a tongue in check one though! I did say if the story is true, it should double.
I Honestly think the market rarely moves because of any post on a BB and will never move because of one of my posts. But if it doubles in price in the next month remember I suggested it might.

Hi romaron
Accepted I may get my fag packet calculations wrong sometimes but never ramp or bull I do like constructive negative posts am fully aware you have to be careful if it sounds too good to be true it usually is? If anyone can see the negative in Enquest post and debate it. I think the story is too good, if true share price should double in my view.

Tarmak
I think you can update much of your calculations on GE from the accounts in Prospectus 2 for Jan1st -31st March lots of details in it like realised oil price $50.8, $15.1m profit , production 11,717bpd Attributable net cash flow of $34.857m with tax to pay of $9.6m My assumption is $34.857 - $9.6m Tax is the figure to be credited from Enquests payment.
But would need a poster like L3 who would know the accountant speak to intemperate correctly.

Jan2
Suppose as shares had to be cancelled and reissued weekend was best technical time to do it. And they probably have to announce things before hand to abide by LSE rules. We may well get another RNS first thing Monday confirming new shares have been listed for 8am trading.
But I suspect the important bit about how much we handed over will not come out yet, hope it does?

Tonight we have no shares? 8am Monday we have new ones with exactly the same conditions but they will include the GE asset that has reversed into Enquests existing assets. Well that is how I read it, game is on as GE assets were valued as higher than Enquests it was a reverse takeover. That could be why market would not recognise Enquests new value till it has crossed the line? We will see next week onwards GE was bought for $17 a barrel, with oil at $85 what is todays value. $370m turned into $600m in 9 months AB is no fool.

It can't do the extra hedges needed fo GE loan uptake any harm, keep layering them all the way up!

The new Enquest with GE doesn't trade until 8.0am 25th October so we might see a reaction to news 25th onwards.

romaron
She went for the High Temp Daiken that doesn't require change of rads As I say it works but expensive to run. Salesmen quote 4.5 cop but also quote high temp does not require Rad upgrade the two don't go together.

Hi romaron
I have a powrmatic vision 3.1kw through wall heat pump it is used as aircon in summer and heating when chilly and extra back up to gas heating when cold. As air to air it is absolutely brilliant brings cold room up to 24degre's in minutes and is very cheap to run. My sister has full Daikin high temp heat pump instalation with standard rads it works fine but cost above what her old oil system did. She has fitted a powrmatic and feels that two would keep bungalow warm a lot cheaper than her air to water neat pump. You only have to look in shops and pubs to see that air to air works I am convinced it would be a lot cheaper and more efficient to concentrate on heating the air than water in rads. And divert spare power from Solar panels to heat your hot water tank it cut my gas bill buy a third.

S/H heat pumps sell for less than a grand so don't think it will make a good investment! The con of heat pumps is they are not that expensive but to get one fitted you have to use approved installer so it costs 12k for 6k worth of kit Just like When I had first quote for solar panels they wanted 18k I got them for 10k but 5 years latter put on daughters house for 4.5k As an aside VAT on heat pump installation from approved installer is 5% but is 20% on self install, but saving never gets passed on!

GE is to close? Guy Fawkes day could be an omen, just hope those Magpies are about then for 34p

2 Magpies for Joy I think they had their effect on the RB 99.75p today

https://www.rigzone.com/news/oil_gas/a/108848/elixir_to_farmout_stake_at_n_sea_tiger_prospect/
Hi Tarmak afraid I have no new to you information on Tiger prospect.
It has seemed to me ever since I heard Enquest had taken up the license that it should be a priority to test it? my logic is we are drilling in the area so a test well at same time must be worth it 90mb would liven up Magnus facilities. I have my fingers X

Would be impressed with your post if you gave examples of Tullow's better figures, I do think they are a good investment but then not many oil companies aren't at the moment! On balance they are in too deep at the banks for me, oil price recovery will solve that but much of the benefits are going to the banks. 10.25% was the refinance for them, that smacked at desperate to me.

Having bought and sold several houses always found the most awkward obstacles were the conveyancers , always on holiday and looking for that bit of paper you sent them weeks ago.

Over $78 now what is going on has AB been seen coming out of Back door of the Bank, It is feeling like something will go Pop could we be building to the biggest day's trading in Enquests history?

Now $77.515 and we have a down day on share price, unbelievable?

If I was AB would steal HBR's thunder Tomorrow?