EnQuest reported their H117 results this morning. Given a detailed operational update on the 23rd August, there wasn’t much new information. Unit opex was a bit higher than our forecasts, and has been increased from c$21-25/boe, to $27/boe for the FY, so we will adjust according, although this is expected to reduce once Kraken ramps up. FY capex guidance was lowered slightly, as expected given some already flagged capex savings at Kraken. We don’t expect to make any material chang
07 Sep 2017
H1 results
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H1 results
EnQuest PLC (ENQ:LON) | 15.7 -0.1 (-3.0%) | Mkt Cap: 300.2m
- Published:
07 Sep 2017 -
Author:
Jessica Saadat -
Pages:
3
EnQuest reported their H117 results this morning. Given a detailed operational update on the 23rd August, there wasn’t much new information. Unit opex was a bit higher than our forecasts, and has been increased from c$21-25/boe, to $27/boe for the FY, so we will adjust according, although this is expected to reduce once Kraken ramps up. FY capex guidance was lowered slightly, as expected given some already flagged capex savings at Kraken. We don’t expect to make any material chang