Updates

Enquest

February 2012

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Enquest has announced that production to the end of October averaged 23,944 barrels oil per day (bopd), up 20% on the previous year, while it remains on track to deliver latest guidance for full year average production in 2011 of between 23,000 - 24,500 bopd. Encouragingly, Enquest has more recently announced that it has sanctioned the development of two new fields, Alma and Galia, in the North Sea. These are expected to cost US$850m and will increase proven and probable reserves by 29 million barrels as well as increasing production levels to over 40,000 bopd by 2014. Most recently on 9 January Enquest announced the acquisition for up to US$90m of a 20% interest in two North Sea blocks, which include the Kraken oil discove ...

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Enquest - Forecast to nearly double oil production to 70,000 boepd by FY19 (June 2018)

Enquest - Kraken oil field will transform cash generation (May 2018)

Enquest (November 2017)

Enquest - Giant Kraken field achieves first oil (August 2017)

Enquest (June 2017)

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Enquest - Â£82m equity fund raising boosts balance sheet (December 2016)

Enquest - 43% growth in production (November 2016)

Enquest - North Sea oil firm eyes strong production growth (June 2016)

Enquest - Shares rally as oil bounces (March 2015)

Enquest - North Sea oil producer to double production to 50,000 bopd by 2018 (August 2014)

EnQuest - Pipeline shut-down a small blip (October 2012)

Enquest (July 2012)

Enquest - North sea oil group eyes doubling in production and reserves (June 2012)

Enquest - Eyes 40,000 bopd in 2014 (March 2012)

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Enquest - Large director share purchases make for the strongest buy signal (June 2011)

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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