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BAYLIS - 18 Aug 2010 17:27

Chart.aspx?Provider=EODIntra&Code=ENQ&Si EnQuest Background
EnQuest PLC ( is an independent oil and gas production and development company focused on the UK Continental Shelf . Its assets include the Thistle, Deveron, Heather, Broom, West Don and Don Southwest fields. Gaffney, Cline & Associates (GCA) certified that as at 1 January 2010, EnQuests assets had total net proved plus probably oil and NGL reserves of 80.5MMBbl. As at 1 January 2010, GCA has also net certified oil and gas best estimate (2C) contingent resources for individual assets. The aggregate of the oil 2C contingent resources on an unrisked basis is 67.5MMBbl, and of the gas contingent resources is 30.6Bcf .

On 6 April 2010, EnQuest was formed from the demerged UK North Sea assets of Petrofac Limited and Lundin Petroleum AB. EnQuest was admitted to trading on both the London Stock Exchange and the NASDAQ OMX Stockholm. On listing, EnQuest PLC went into the FTSE 250 index and OMX Nordix Index. Its assets include the Thistle, Deveron, Heather, Broom, West Don and Don Southwest fields. It has interests in 16 production licences covering 26 blocks or part blocks in the UKCS, of which 15 licenses are operated by EnQuest.

EnQuest believes that the UKCS represents a significant hydrocarbon basin in a low-risk region, which continues to benefit from an extensive installed infrastructure base and skilled labour. EnQuest believes that its assets offer material organic growth opportunities, driven by exploitation of current infrastructure on the UKCS and the development of low-risk near field opportunities, rather than exploitation of high-risk exploration opportunities.

EnQuest intends to deliver sustainable growth in shareholder value by focusing on exploiting its existing reserves, commercialising and developing discoveries, converting its significant contingent resources into reserves and pursuing selective acquisitions. EnQuest is focused on increasing production from its existing assets in its core hub areas. It believes that it has excellent operational, execution, subsurface and integration skills and it seeks to become the development partner of choice in the UKCS.

EnQuest believes that it has the technical skills, the operational scale and the financial strength to achieve its objectives and to take advantage of the production and development opportunities in the UKCS.

Stan - 22 Aug 2010 22:01 - 2 of 142

Anyone know if these are stamp duty free to buy like PFC which they came from please?

BAYLIS - 13 Sep 2010 13:05 - 3 of 142

Stamp duty to pay.also on omx.

irlee57 - 23 Sep 2010 14:05 - 4 of 142

any thoughts on this share, only going one way at the moment.

Stan - 23 Sep 2010 14:46 - 5 of 142

Don't think that it is Company specific Irlee as most oilers on my watch list have been down over the last couple of days. Not including oil engineering outfits that is.

irlee57 - 23 Sep 2010 14:52 - 6 of 142

thanks for that.

irlee57 - 01 Oct 2010 14:01 - 7 of 142

one of my most soporific shares in my portfolio is wakening up today.

irlee57 - 07 Oct 2010 10:49 - 8 of 142

the wake up continues.

Stan - 07 Feb 2011 11:45 - 9 of 142

Lorito Holdings dumping continues, below the 10% announcement today.

Stan - 06 Jul 2011 08:46 - 10 of 142

The Treasury has buckled under pressure from the energy industry by trimming its 2bn windfall tax on North Sea oil producers to provide loopholes for early stage, less profitable offshore drilling operations. Just four months after Osborne imposed a special levy on oil and gas exploration to fund a drop in petrol duty, the Government yesterday altered its plans by allowing companies to offset greater start-up costs against tax.

News not had an effect on the SP of ENQ.. so far.

HARRYCAT - 29 Nov 2011 11:16 - 11 of 142
EnQuest has sanctioned the development of the Alma and Galia fields, subject to anticipated regulatory approvals.

The $850m project will add a fourth hub to EnQuest's existing operating base, will increase its net 2P oil reserves by 29 MMboe and is expected to increase production levels to over 40,000 Boepd in 2014.

CEO Amjad Bseisu said: "The Alma and Galia development shows the continuing growth of EnQuest and the breadth and depth of its capabilities, from subsurface to production.

"The project reuses existing facilities and is designed to ensure that abandonment costs will be minimised.

"Alma, formerly the Argyll field, was the first oil field in the UK and was abandoned at relatively low water cut using the technology available at the time.

"With current technology field life can be extended significantly. This type of opportunity fits the EnQuest model of finding fresh opportunities in mature assets."

Stan - 29 Nov 2011 15:53 - 12 of 142

Proving a good little trading outfit this.

Stan - 13 Jun 2012 09:24 - 13 of 142

The Amjad Bseisu Trust adding a few more today.

Stan - 14 Jun 2012 15:45 - 14 of 142

Volume up again in these today, wonder if somethings cooking?

Stan - 07 Sep 2012 09:31 - 15 of 142 So that's why they are up today then.

Stan - 14 Sep 2012 09:24 - 16 of 142

These have had a good run (and more to come "perhaps") but taking a profit for now.

Stan - 09 Nov 2012 09:30 - 17 of 142

Enquest Widens it's net

Stan - 10 Dec 2012 17:59 - 18 of 142

Baillie Gifford & Co add today to go above a 5% holding today.

Stan - 17 Jan 2013 17:28 - 19 of 142

Recovered well after yesterdays North Sea leak and dip in SP, good recovery play and should be more to come here in the near future IMHO and DYOR.

Stan - 18 Jan 2013 18:24 - 20 of 142

Back up to 125p with more to come hopefully.

Stan - 22 Jan 2013 15:49 - 21 of 142

Limit orders taking me out 125p. Will do for now.
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