Enquest Share Discussion Threads

[ammu12] 18/11/2021 08:03

Check your numbers again lol

[bomfin] 18/11/2021 07:53

We added $110,000 million Dollars of gas revenues. That`s worth about 5,000 boepd for the year.

[bomfin] 18/11/2021 07:45

Yes. They must have hedged early into 2022. Perhaps to do with getting the refinancing through. There is a typo in the update I believe. The 328 bopd for Golden Eagle. being the average production for the 9 or 10 days October 22 to 31 average over the year and not production up to Dec 31st as mentioned. It should read October 31st. If so depending on whether you use 9 or 10 days. Golden Eagle production was a bit over 13,000 bopd or just under 12,000 bopd. So Golden Eagle doing well and adding low cost production.

[grahamg8] 18/11/2021 07:45

deleted duplicate

[grahamg8] 18/11/2021 07:44

Golden Eagle generated net $75m which gives a 44 month payback. As long as oil price stays up and there are no technical issues. Net debt unchanged from 2020 after paying for Golden Eagle ie cash free flow is around $400-450mpa against debt of around $1200m. Output and oil price need to stay high for a while longer yet.

[ammu12] 18/11/2021 07:32

Surprised with the poor hedging with Brent above 80 for a while now...I was hoping for more oil to be hedged in the 80's but nothing at all....I hope they realise for hedging Brent in the high 70 or 80's and don't get greedy as oil can go down as fast...

[bomfin] 18/11/2021 07:26

Yes Ammu, I think it is a mixed bag.

In there though is this which actually offsets the Magnus production shortfall quite nicely.

Revenue in the ten months to end October 2021 of c.$950 million, including c.$110 million related to Magnus crossover gas, reflecting the strong price environment and the realised impact of the Group's hedging programme

[ammu12] 18/11/2021 07:19

Doubt market will like it but what do I know....

[ammu12] 18/11/2021 07:18

Group production has been challenging, largely driven by performance at Magnus and a recent unplanned shutdown at Kraken, combined with a supplier driven delay in the pipeline replacement in Malaysia. We now expect production for the year to be around 45,000 Boepd, including the contribution from Golden Eagle since completion."

[bomfin] 18/11/2021 07:13

Mixed bag of an update. Kraken, No serious issue it would appear. Magnus struggling which is surprising as they say there is plenty remaining oil to produce. Golden Eagle production reasonable although I expected more. Think there was quite a long summer shut down which effected average production rate for year to date. I could be wrong about that. GKA hub production iffy. Selegi seems to be doing a bit better. Hmmmm.
Making money but nowhere nearly as quickly as a company generating the revenues they are doing should be. 7 million barrels hedged into 2022 at decent prices secure the business for the time being. imho dyor

[ammu12] 16/11/2021 14:33

Red again wtf

[steelwatch] 16/11/2021 14:29

Due to atmospherics, was unable to see hookup, but the shuttle has departed. According to Port of Rotterdam's shipping webpage:

ALTERA WIND
ETA: 18/11/2021, 08:15

Assuming a full load was taken: previous dispatch was 17 October, so that's 30 days including the unscheduled down time and waiting on weather.

[bomfin] 15/11/2021 19:02

OK, found it.

Revenue from gas and condensate sales(i) 57,850,000 That is Dollars.

The (i) refers to a further note stating that this figure includes onward sales of 3rd party gas purchases not required for injection at Magnus. It is nearly 10% of first half income.

Gas prices are significantly higher 2nd half.

[bomfin] 15/11/2021 18:43

Anyone know how much nat gas Enquest produce? The financial director gave a figure for income from liquid and dry gas sales in the first half and it was a lot higher than I thought it would be. That before the nice spike in nat gas prices also.

[ammu12] 15/11/2021 12:24

Wouldn't surprise me if this finishes red

[sleveen] 15/11/2021 11:10

Ammu12 must have bought back in, no BS today.

[sleveen] 15/11/2021 11:10

Ammu12 must have bought back in, no BS today.

[sleveen] 14/11/2021 14:49

Wrong thread.

[steelwatch] 13/11/2021 16:28

Next Kraken offload booked:

[steelwatch] 13/11/2021 16:14

Next Kraken offload booked:

[ammu12] 13/11/2021 08:35

You change your investment decision based on company's performance. Operationally Kraken is failing FACT....

[gozzy88] 12/11/2021 22:30

Ammu is a funny one all for it when he's long on enquest. Tune changes when he's short turns desperate slating enquest best ignoring the c*nt imho

[ammu12] 12/11/2021 19:19

THE BOOHOO CYBER PARTY IS COMING ??Get your requests in now + tell us what you want to see from us this Black Friday ??