Enquest Share Discussion Threads

[97peter] 22/7/2024 13:08

Enquest and Serica merger and growthToday

With cash assets in both companies at an all time high, oil wells and gas wells outside of NS, plus chance to sweep up lots if smaller O&G companies together could put the new Company - SERIQUEST on par with Larger companies like Harbour???

[bomfin] 19/7/2024 15:27

Interesting I thought that this was given to Parkmead today. It`s an undeveloped discovery and it has a work programme with it.

[steelwatch] 15/7/2024 23:48

Next Kraken cargo booked:

ETA: 2024-07-15 00:01



ETA: 2024-07-17 00:01



edit:

ATA: 2024-07-15 03:43

So, assuming c.30 hrs loading and unhooking, dispatch tomorrow would be 24 days since previous on 22 June, stc.

edit 2: ATD: 2024-07-16 10:07

[steelwatch] 14/7/2024 20:31

Next Kraken cargo booked:

ETA: 2024-07-15 00:01



ETA: 2024-07-15 00:01

[llef] 14/7/2024 14:09

looking at tax credit history,
end 2021 it was $3,011m
end 2022 $2,497m
end 2023 $2,007m

I'm assuming that if oil/gas prices stay where they are, then tax credits will last another 4-5 years before running out

[97peter] 14/7/2024 13:42

Enquest and Serica to merge?

[bomfin] 12/7/2024 09:52

Enough to use up their tax credit? Which is ?

[bomfin] 12/7/2024 07:14

Says they`ll stick with existing fields for the entirety of their lifetimes. That makes sense and is ok for Enquest who have more than 100 million boe to go after in their existing UK fields. Also got Malaysia and the fpso. Adding on weakness.

[laserdisc] 11/7/2024 15:34

UK Government's Department for Energy Security and Net Zero has said the reports are untrue and no official decision has been made.

[mirabeau] 11/7/2024 14:45

Mozza

It is the man's intentions that I find unnerving. Who knows what he's capable of

[hangthedj] 11/7/2024 14:41

Would Bressay and Bentley be deemed "new applications" surely not?

[laserdisc] 11/7/2024 11:00

Thanks steelwatch i follow , did you notice Prax bought some fields in West of Shetlands from Total 2 weeks ago. I mention as that transaction is helpful for ex Hurricane shareholders as it puts the Dcu's at a possible payout for the full amount of the Takeover transaction 12.5p max by 2026. Believe Prax are also in market for further acquisitions

[steelwatch] 11/7/2024 09:50

Cheers laser. Following up on that:

[mirabeau] 11/7/2024 07:39

laserdisc

Interesting, cheers fella

[blackhorse23] 05/7/2024 09:50

More windfall taxes under this government

[steelwatch] 21/6/2024 15:30

Re: #1929 above, ATA: 2024-06-21 04:55


So, allowing c.30 hours for loading and unhooking, dispatch tomorrow would be 27 days since previous on 26 May, stc.

Edit 22 June - ATD: 2024-06-22 10:01
Headed for Skagen anchorage for a STS. Draught 12.1 m

[cumnor] 16/6/2024 18:16

They should be putting pressure on via Scottish Unions now about huge job and revenue loss to Scotland and point out that no sane Green Energy Funds would consider investing their billions in the UK or the farcical GB Energy con with governments that will almost certainly tax the wind turbines once in place. Pension funds wont invest in assets (like wind farms) that cannot be moved and too easy prey to windfall taxes by Governments that cannot be trusted.

[farrugia] 16/6/2024 08:06

what i can't understand is how these companies just stand there and take the blows without reacting...

why don't they join up and take the UK government to court? Surely there must be contracts which have to be respected? How is it acceptable that politicians are allowed to change the rules on a whim when companies made big investments based on past plans and revenue projections? How is acceptable that entrepreneurs who take all the risks aren't allowed to retain an acceptable return on investment? And on what basis can it be argued that oil companies have been making windfall profits when the oil price is back to where it was years ago? And what about loss making years when the oil and gas prices were too low? Lastly, why do the employees and contractors of all these companies not press the government by striking since their jobs are gradually vanishing!?

[steelwatch] 15/6/2024 19:19

How to demolish a production rig (ex-The Dons):

[steelwatch] 15/6/2024 18:08

Next Kraken cargo lift booked. ETA: 2024-06-18 06:00

[ashkv] 14/6/2024 10:28

It appears you have omitted the production levels!!! And assumed flat production!!!

43.8k boe/d average daily production in 2023
47.3k boe/d average daily production in 2022

steelwatch13 Jun '24 - 15:35 - 1928 of 1928
0 0 0
Can't see why the instant panic. Total payments to governments 2023 $48m LESS than the year before.

2022



2023

[heialex1] 14/6/2024 09:32

Goes to show how lowly this is valued.... Doesn't take much to imagine them being able to buy back 10%+ per annum