Member Info for Wiggly

Someone is in a hurry to get in!

Since we received a PM RNS. Is today the day? She is going on another run it seems!

Wouldn't want to be out of this overnight!

I have never seen the MM happy to take this volume without NT (even with price half of what it is today) There is definitely a 'NEW' demand that is driving the rise this week.

I think that is very likely considering the multiple 3rd party validations that we are starting to see ripple through to the market.

Where would they see fair market value is the Billion (multi0 dollar question! I sense they will be buying at multiples of todays price in the not too distant future!

Most certainly a leak! The MM will take a huge number of shares/value on open market.

Searching for clues within the recent CHAR linkedin activity and the 'reactions' from the market.

I note that the E&P Director, Stephen B, from SCDM recently liked the MOU announcement... SCDM is owned by the richest family in France, thus close ties to Morocco.

Lixus would be a similar GAS investment to that which they have in IC, thus they have history of investing in such projects;

https://www.energyvoice.com/oilandgas/africa/239119/foxtrot-to-invest-in-cote-divoire-gas-supplies/

And funnily, the 3 x Buys (37,936, 44,879 and 47,113) all appear as Sells!

Just added a further 129k. Have never been more sure!

TLW + PMO up over 7%, yet ENQ red? This does not make any sense at all!

We are not trading significantly higher. Most other oilers are up and rising!

Fully expecting ENQ to be trading at 30+ this week (assuming Brent remains in range).

I can see momentum starting to build as investors start to build positions in anticipation of the (nailed on IMO) farm out news.

With the quick fire RNS activity I would not be comfortable trading this and I can see interest increasing here from today onwards!

Here's to a good week!

Is she about to blow?

I hope the recent trend continues and we receive a further update next week, as we have for the past two weeks.

My money is on the Farm-in partner announcement.

I think we will be past 25p by COB....

The IIs are having a nibble at the moment.

Any experts that could comment on Hedging, and what is likely possible for ENQ right now?

Does ENQ have the ability to hedge 100% of 2021 production at the current market price?

While I think oil may run some, securing forward production sales at this price level is surely a gamechanger for ENQ and significantly higher than the BOD were likely forecasting Q4 20!?!?

I guess I missed the issue of a substantial amount of shares between Aug/2018 to date. What was the share count during Aug 18?

60p would be great and dare I say fair (assuming oil remains in current range).

Give me 1 reason why we should not, at a minimum, be trading at the 2018/45p levels?

We should really be trading at min the August 2018 levels (+45p). Since then, debt far lower and oil heading higher. OPEX also down.

Very nice. At ~$70, ENQ are generating close to $700m FCF?