Updates

Enquest

February 2019

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.

With a relatively high cost base and onerous debt, it was inevitable Enquest bore the brunt of the oil sell-off.Nevertheless, its latest update (covering the 10 months to end October) showed average group production rising 53% to 54,268 barrels oil per day (bopd) with Kraken, its big new field in the North Sea, averaging gross 31,427 or net 22,156 bopd. The latter was held back by a small number of “system outages and equipment repairs” that limited performance while a rig has been delayed, but is now on location and drilling away.Enquest’s initial group production forecast for 2019 is for a 20% increase to between 63-70,000 bopd with growth driven by additional equity in the Magnus field, improved performan ...

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Enquest (June 2020)

Enquest (May 2020)

Enquest (January 2020)

Enquest - Debt being paid down quickly (October 2019)

Enquest (July 2019)

Enquest (May 2019)

Enquest (March 2019)

Enquest (November 2018)

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)

Enquest (April 2017)

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)

Enquest (February 2012)

Enquest (October 2011)

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

Enquest (October 2010)

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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