Enquest Share Discussion Threads

[american idiot] 24/3/2019 10:01

Last year there were many offloads around 15 days apart so yes, easily doable. Not quite the 50k plateau we were expecting but combined with production elsewhere performing well we are on target to meet market expectations in 2019.

12 days of course would be better :-)

15 days - 500k / 15 = 33k day

12 days - 500k / 12 = 41k day

70% for Enq.

"FPSO performance has been the main limiting factor in achieving Kraken's full production potential. As such, our clear operational priority is to improve Kraken's FPSO uptime and efficiency. We are working with the FPSO operator on a number of improvement initiatives.

......

Furthur scope for improvement above as well though no guarantees of course.

[leoneobull] 24/3/2019 09:53

AI, good morning. Do you think regular 13 to 15 day offloads are feasible?

[american idiot] 24/3/2019 09:51

Great stuff Steelwatch. I make that 15 days since the last offload (9 March)

Thats as good as its ever been with the potential for better to come still as instrumentation is finely tuned to adjust for DC4.

Production in the first two months of 2019 is 67,700 / day

I estimate Kraken production in the first two months to be around 20k with one breakdown into January and then furthur delays for whatever reason in February.

Current guidance is for FY production 63k - 70k per day.

If Kraken hits expectations of 30k - 35k day then we would hit the top end of expectations come year end...Allowing of course for scheduled maintenance / bad weather etc.

Have a great Sunday folks.

[stansmith3] 24/3/2019 07:55

sorry if the truth hurtskeep listening to position posters and idiots if it makes you feel better

[steelwatch] 23/3/2019 21:41

AI - post #6805 - good spot. Spot on!

[chrismultisante] 23/3/2019 18:31

You speak PISH so filtered.

[stansmith3] 23/3/2019 16:01

andysafe to say mallorca is part of a crewjust a question of who else is in itstumpy - long and strong enq - well until he was looking for a cheap reentry seems to have been unmasked recently..as for oneduechebag aka wet the bed and master kleenex, jury still out there..

[leoneobull] 23/3/2019 06:10

India writedown of more than a billion......you could've even get enq's name right. Buzz off to the Cairn shorters thread please:-)

[stevenstevo] 23/3/2019 01:05

Enq will definitely reach 21p next few weeks , also in pmo which should also benefit from the rise in poo which a few analysts have envisaged. But for easy money angs is a must over the next few months, take a look dyor.

[steelwatch] 23/3/2019 00:05

Cairn Energy downgraded sharply as City is made to wait for India decision





so not all down to Kraken.

[wiseacre] 22/3/2019 23:51

On a point of information (or misinformation in the case of Leonebull) Cairn's share price fell from 215p to 175p on 12 March after announcing its write down on Kraken. That is not down a couple of per cent as alleged by Leonebull. Since the announcement just 10 days ago its share price has fallen nearly 25 percent. Yes cratered!

[andypop1] 22/3/2019 22:09

Mallorca,
It's bust to boom with you, how can your opinion of a company change from talk of a cash call to the possibility of dividends all within a matter of days?
That was a rhetorical question as the answer is plain to see.

Good to see you added on the “sharp dip” despite some still fearing a dive in the share price.
The fearful ones have been proved right today with a drop of over 10% from yesterday's highs.

I do wonder if the charts foretold today's demise, there was a mention of some shampoo earlier and no doubt the big Mac was at play.

One poster had the audacity to suggest it may be linked to the oil price!
Lol (sarcasm).

Charts do not work on a heavily indebted oil company with limited assets to exploit that commodity especially when the flagship producer comes up short.

I said the same when I was holding, unlike some my view does not change depending on my position.

[svenice7] 22/3/2019 13:15

From 2018 resultsDividendThe Company has not declared or paid any dividends since incorporation and does not plan to pay dividends in the immediate future. However, the Board anticipates reviewing the policy when appropriate, the timing of which will be subject to the oil price environment, the capital structure of the Company and its expected future cash flows.

[mallorca 9] 22/3/2019 12:09

American Idiot …

yes I agree but I didn't mean 'fear of the unknown'.
What I meant was that some still fear a further dive in the share price … just because of what they have been through here in the past 6 months.
It takes a little while for confidence in the rise to build.
Once the momentum is clearly upwards then many will buy in.
I added this morning on that sharp dip.
67700 barrels per day in Jan and Feb … impressive.
There is even reference in the results to a possible dividend pay out once the debt is fully under control.
Now that would be a game changer.

[leoneobull] 22/3/2019 11:51

The share price of cairn didn't crater, it was down a couple of per cent...and you forgot about the 1 billion plus Indian impairment

[s34icknote] 22/3/2019 11:49

Managed to build a few at 19 pWas surprised they dipped. Holding pmo and ENQ now .Sitting tight for the long term 12 - 18 month view Sicknote

[american idiot] 22/3/2019 11:41

Wiseacre,

Come back when you can at least get the operators name correct.

[wiseacre] 22/3/2019 11:37

Earlier this month the share price of Cairn Energy cratered when it announced a 20% write down in the value of its stake in Kraken. But according to the operator, Enquest, everything in the garden is lovely. I know who I would rather believe. I warned punters this was a stock to be avoided when the share price was 27p. I have renewed my short.

[american idiot] 22/3/2019 11:32

Mallorca,

The fear of the unknown was removed yesterday.

67,700 bbl in the first two months whilst Kraken performance was dire. 6.5m bbl of Brent hedged at $66 average.

With DC4 online we can hold here with confidence :-)

Looking forward to seeing more regular tanker offloads from Kraken in the near future.

Buy the dips, sell any spikes.

[gregpeck7] 22/3/2019 11:20

Took some more this am. Buy the dips here.

[mallorca 9] 22/3/2019 11:02

There is still quite a bit of fear in the share price which may hold it back for a while.
Once confidence builds we may then see a good jump upwards.

[profitaker] 22/3/2019 10:56

Very useful SW. Many thanks.

[steelwatch] 22/3/2019 10:42

Printable results webcast transcript here: