Share Name Share Symbol Market Type Share ISIN Share Description
Enquest LSE:ENQ London Ordinary Share GB00B635TG28 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 25.50p 25.00p 25.50p 25.75p 25.00p 25.00p 2,247,355 16:29:52
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 646.3 175.9 18.4 1.5 295.65

Enquest Share Discussion Threads

Showing 8326 to 8348 of 8350 messages
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DateSubjectAuthorDiscuss
15/9/2017
14:37
In the interim webcast selling 20% is still one of the options, it must by now be worth more than a simple pro rata of the costs, given Kraken is now essentially de-risked?
sleveen
15/9/2017
11:34
..which would have included the unexpected distressed acquisition from First oil: https://uk.advfn.com/stock-market/london/enquest-ENQ/share-news/EnQuest-PLC-Acquisition-of-additional-interest-in/70474877 I wonder whether Chevron might be interested, being heavy oil specialists and if they like what they see when it gets to Pascagoula.
steelwatch
15/9/2017
11:15
Sleveen, They already tried to sell it once back in 2016. Though it is in a very different state now. But why sell now, when it is fully up and running in a few months (and risk is less) it will be worth a lot more: EnQuest PLC, 18 July 2016 Potential farm out of 20% of Kraken to Delek EnQuest PLC ("EnQuest") is pleased to announce that it is holding discussions with Delek Group Ltd ("Delek") for the sale by EnQuest to one of Delek's subsidiaries of an interest in the Kraken development ("Kraken"). EnQuest confirms that EnQuest and Delek have signed a non-binding memorandum of understanding and are working towards executing binding transaction documents. Delek is today releasing information concerning this negotiation as part of its disclosure obligations with regard to a separate transaction. The key terms of the proposal are currently as follows: - EnQuest to farm out to Delek a 20% working interest in Kraken. - Delek would bear its share in the project capex from January 1, 2016. - At completion, Delek will advance USD20 million to the Seller for a period of up to 5 years at an annual interest of 3% which shall be returned to Delek in the event that its costs are not covered by revenues within 5 years from the completion date. - The parties are discussing mechanisms for additional contingent consideration, to be set out in binding transaction documents. - The parties may, prior to completion, by agreement and subject to requisite third party consents (including that of EnQuest's lenders), convert the transaction such that Delek may acquire a subsidiary of EnQuest which holds a 20% working interest in Kraken. There is no guarantee that a final agreement will be reached. EnQuest announced previously that in addition to its ongoing cost reduction initiatives, it was also pursuing a range of further opportunities for debt reduction, including potential asset sales and farm outs. The transaction is subject to EnQuest's lending banks' consent. EnQuest continues to closely monitor and manage its funding and liquidity position in light of the current market environment and is engaging as appropriate with its credit facility providers (including banks and bondholders) in this regard. N
wallywoo
15/9/2017
09:42
If ENQ sold 20% of Kraken, does anyone have a estimate as to what the selling price might be?
sleveen
14/9/2017
18:41
ENQ appear not to have a PR dept........first ever tanker filled with lovely K oil and sold and not a peep!.
discodave4
14/9/2017
17:07
So much for the share price following the oil price ?
harry rags
14/9/2017
08:35
That takes me back.. I was offered a job there in '98... I turned it down as they wanted me to convert to "American", LOL.
steve73
14/9/2017
07:52
Load transferred and both vessels have departed Scapa Flow. Minerva Atlantica is bound for the Pascagoula refinery, Mississippi. http://pascagoula.chevron.com/abouttherefinery/whatwedo/typesofcrudeoil.aspx
steelwatch
14/9/2017
07:28
steel, the Brent/WTI spread has been increasing over much of this year.. Harvey was the icing on the cake. As US domestic production has increased, WTI price has been suppressed.. As the RoW production has been reduced (by OPEC), the Brent price has increased. IF (or more likely, AS) US domestic production falls (due to relatively rapid decline from shale wells, and if further shale investment is denied) then I'd expect WTI price to rise to meet Brent as US demand for imports increases (rather than Brent price to fall towards WTI, although with such a dynamic market it will be impossible determine what actually happens, other than the spread will close.)
steve73
13/9/2017
03:22
thanks steel... The GOM refineries are better able to handle the heavier middle eastern (& Venezuelan) crudes, and with the higher domestic production there is probably a lack of heavier grades and so perhaps a slight premium (compared to what they would typically fetch.) Mind you with such a high Brent/WTI spread, I'd be surprised if it were at a premium to the much higher priced Brent, although of course, it will certainly get sold to wherever it fetches the highest price.... i.e. wherever the refiners can extract the most value.
steve73
12/9/2017
19:42
A large tanker, MINERVA ATLANTICA, has been moved alongside Navion Britannia in Scapa Flow. Looks like the cargo is being transferred for shipment elsewhere, possibly to one of the GOM refineries. I recall Steve Jenkins (Nautical Petroleum)saying Kraken crude might go there as highly desirable for blending and naptha and, it was suggested, might sell at a premium to Brent.
steelwatch
12/9/2017
10:39
Navion Britannia loaded and headed for Scapa Flow.
steelwatch
11/9/2017
09:29
A bit more confidence in the share price this morning as the first offload gets away... I've just been looking again at the figures... If we (i.e. ENQ) produced 97bpd (average of the first 6 months), then this was a total of 17.7kbs. Assuming this was net to ENQ (70.5%) then 25.2kb total, or 3.2 kbpd for the 8 days to the end of Jun. If we assume todays offload was 550 kbs (which is a typical NS shuttle volume), then the average production rate from July 1 to today was around 7.4 kbpd, which sounds a little low when you consider ENQ claim they are currently operating at around 30, but they did say that they'd suffered with very poor uptime and slow re-starts. If, as they claim, many of these instability problems have now been addressed, and they can produce reliably at 30kbd, through the first production train, then the next shipment should be around the 29th of this month. Hopefully they can use some of the current (clean) production to set-up the 2nd production train, and then they can clean up the remaining wells to that train without seriously affecting the current 30kbpd of production.
steve73
11/9/2017
08:10
Any comment / idea on how first offload went? I saw Navion Britannia arriving at Kraken during mid-morning. Thanks!
simopalla
10/9/2017
16:42
Ignore the [Sat-ais]. It's just the FPSO position reported earlier than the terrestrial which was about 30 minutes ago.
steelwatch
10/9/2017
13:14
So why aren't fundies then?
discodave4
10/9/2017
10:32
Fairly safe short. Heading for single digit share price
mallorca 9
10/9/2017
10:03
Shuttle tanker within 30 miles of the fpso now
steelwatch
09/9/2017
09:56
Thanks bloomberg, like this bit:And to date, Kraken wells has had rates above expectations. We have – we feel we'd derisk the subsurface now. We're seeing wells doing well above 10,000 a day and production cumulative from six wells doing over 30 – well, over 30,000 a day.We are loading our first cargo, which will be loaded next week. And we are on course to get the production up to 50,000 and getting DC3, the last drill center done by the end of the year.Let's see if we get another tanker before the end of the month!.DD
discodave4
09/9/2017
03:32
Navion Brittania has just left R'dam heading for Kraken... looks like we're "in-the-money".
steve73
08/9/2017
07:39
Enquest's (ENQUF) CEO Amjad Bseisu on 2017 Half Year Results Conference Call - Transcript $ENQUFhttp://www.seekingalpha.com/article/4105177
bloomberg2
08/9/2017
06:17
Wonder who bought the 5.8m shares yesterday? Can't be a private investor. Someone is confident Kraken will deliver.Brent heading towards $55 this morning.
colebrooke
07/9/2017
20:24
HNR Two wells successfully drilled with abundant oil and gas samples extracted! Fracking and FIRST OIL next month! Don't miss this train!
happyholder123
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