Member Info for WEny

+3.5% in Stockholm

Thats a good start Pelle! :)

Anyone know how big part of Enquest total production that is lsfo? More than 90%?

https://finance.yahoo.com/news/north-sea-oil-producer-siccar-120213901.html?guccounter=1

https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/edited-transcript-enq-l-earnings-173919788.html

He is so spot on in that intervju Pelle, i could not put it any better myself.

More of the same.

https://www.manhattan-institute.org/green-energy-revolution-near-impossible

Here is one former high level CEO in Sweden question it and some more things :). Got fired soon after.
Good intervju but sorry just in Swedish.

https://www.youtube.com/watch?v=qyRvmnd8W-M

Were will all that money go NH?

This was interesting from Arts twitter:

Being an accountant, I wonder if the shale companies are not too soft with their amortisation rate to embellish their results...amortisation should reflect the economic benefit/service potential of the riggs...
Art Berman
@aeberman12
·
Oct 22
Tight oil companies have brilliant accountants. Manipulation of full-cost accounting methods have kept the companies more attractive to investors than they deserve to be.
Michel Metzger
@michel_metzger
·
20h
My God, you are right! Concho is amortising its oil fields assets in 18 years! Exxon in 24 years (just did the maths)… this is fraudulent... -36% should mean an amortization in 3-4 max. five years... it means that they carry false assets in their balance sheet!
Art Berman
@aeberman12
·
19h
Exactly. Chesapeake's Aubrey McClendon was a master of full-cost accounting. Another interesting trick he used was to incorporate his land department so that its costs did not affect Chesapeake Energy's books!

This message was from Avanza and Smilla to you:

Eftersom jag inte skriver på lse men jag kan svara angående olja från olika fält som Enquest opererar, uppgifter har jag fått från IR som har varit vänlig att hänvisa till länkar för att söka info ifrån.

Olja som produceras i Malaysia PM8/Seligi går under Terengganu Condensate och är den högst betalda oljan i världen +$10 på Brentpris.

Quality: Light Sweet
Sulfur level: 0,00%
API gravity: 73,10

Olja från Kraken som har ett eget Benchmark och betalas 3-5 USD över Brent.

Quality: Heavy Sour
Sulfur level: 0,7
API gravity: 14

All övrig olja säljs under Brent/Fortis och betalas med Brentpris.

Brent- Ninian-Blend

Quality: Light Sweet
Sulfur level: 0,40
API gravity: 37,50

Fortis Blend

Quality: Light Sweet
Sulfur level: 0,79
API gravity: 38,70

Haha i know, when i was there before the spoke some kind of Alien-english

gkb47- Thats sounds fun, in that case i have moved to Newcastle and watched all the games at St.James Park.

Green is a calming color i found out.

I hope we have a Swexit right after Brexit.

Yes but i mean that if the participated with their 51M shares they would have 73M after the rights issue, and now they have 51M again for some reason?

The trustees of the EnQuest Employee Benefit Trust (EBT), which currently owns 51,628,456 Ordinary Shares, representing approximately 4.4% of the issued ordinary share capital of the Company, have irrevocably undertaken to take up in full its entitlement under the Rights Issue in respect of the Unallocated Shares held in the EnQuest EBT, subject to and to the extent that the Company and/or another member of the Group provides the Trustees with sufficient funds to do so. The Trustees have also agreed to vote and/or procure the vote of all of its holdings of Unallocated Shares in favour of the Resolutions in accordance with the terms of the EBT Deed.

https://investegate.co.uk/enquest-plc--enq-/rns/magnus-acquisition-and-rights-issue/201809070700030971A/

Hi Pelle.
Did not the Enq employee trust had 51 Million shares before the Rights issue?

The link does not work for me.

Is AB so rich that he could buy up the whole company? If rumours from this article is true he has maby 5-10% of his capital placed in ENQ.

https://www.theglobeandmail.com/report-on-business/careers/careers-leadership/amjad-bseisu-the-ultimate-outsider-in-from-the-cold/article4575930/