EnQuest (ENQ)

Sector:

Energy Producers

Index:

FTSE Small Cap

12.32p
   
  • Change Today:
      0.30p
  • 52 Week High: 17.02p
  • 52 Week Low: 10.34p
  • Currency: UK Pounds
  • Shares Issued: 1,872.10m
  • Volume: 2,551,385
  • Market Cap: £230.64m

Enquest continues to deliver 'good production performance'

By Iain Gilbert

Date: Tuesday 28 Nov 2023

LONDON (ShareCast) - (Sharecast News) - Exploration and production company Enquest said on Tuesday that it has continued to deliver a "good production performance" from its operated assets.
Enquest said it now expects full-year production to be "around the mid-point" of its guidance range of 42,000-46,000 barrels of oil equivalent per day after average net group production in the ten months ended 31 October hit 43,872 boepd, in line with guidance.

The London-listed group highlighted that following the reinstatement of full production during August, its flagship Kraken asset had delivered 100% production efficiency in September and October and also noted that extensive planned maintenance shutdowns at its Magnus and GKA sites were completed ahead of schedule, with all key scopes executed.

Operating expenditure for the year was expected to be roughly $400.0m, which was $25.0m lower than original guidance, due primarily to lower-than-budgeted diesel and chemical costs.

Cash capital and decommissioning expenditures were both expected to be in line with original guidance at approximately $160.0m and $60.0m, respectively.

Enquest also said that it has entered into a rig contract to return to drilling at Kraken in 2025, with the group procuring a mobile offshore drilling unit for the proposed drilling of two wells.

As of 0930 GMT, Enquest shares were up 1.13% at 14.11p.





Reporting by Iain Gilbert at Sharecast.com

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EnQuest Market Data

Currency UK Pounds
Share Price 12.32p
Change Today 0.30p
% Change 2.50 %
52 Week High 17.02p
52 Week Low 10.34p
Volume 2,551,385
Shares Issued 1,872.10m
Market Cap £230.64m

EnQuest Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
99.31% above the market average99.31% above the market average99.31% above the market average99.31% above the market average99.31% above the market average
94.44% above the sector average94.44% above the sector average94.44% above the sector average94.44% above the sector average94.44% above the sector average
Price Trend
69.2% below the market average69.2% below the market average69.2% below the market average69.2% below the market average69.2% below the market average
17.95% below the sector average17.95% below the sector average17.95% below the sector average17.95% below the sector average17.95% below the sector average
Income
63.59% above the market average63.59% above the market average63.59% above the market average63.59% above the market average63.59% above the market average
12.5% below the sector average12.5% below the sector average12.5% below the sector average12.5% below the sector average12.5% below the sector average
Growth
85.48% below the market average85.48% below the market average85.48% below the market average85.48% below the market average85.48% below the market average
95.92% below the sector average95.92% below the sector average95.92% below the sector average95.92% below the sector average95.92% below the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 2
Sell 0
Strong Sell 0
Total 4
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

EnQuest Dividends

No dividends found

Trades for 31-Oct-2024

Time Volume / Share Price
16:35 164,268 @ 12.32p
16:35 79 @ 12.32p
16:35 20,246 @ 12.32p
16:35 2,048 @ 12.32p
16:35 1,192 @ 12.32p

EnQuest Key Personnel

CEO Amjad Bseisu
CFO Jonathan Copus

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