Market mildly disappointed with production update from EnQuest
As at the end of April, net debt was around U$1.63bn, up from US$1.55bn at the end of 2015
Company
LON:ENQ
EnQuest is an independent oil and gas development and production company. On formation its activities were focused on the UK Continental Shelf (UKCS), with its assets comprising of interests in the Thistle, Deveron, Heather, Broom, West Don and Don Southwest fields.
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As at the end of April, net debt was around U$1.63bn, up from US$1.55bn at the end of 2015
Oil price recovery has allayed short-term balance sheet concerns, says Barclays
The FTSE 100 Index closed 9.77 points higher at 6,353
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Premier Oil and Cairn are developing the Catcher field and Ithaca’s Stella field is forecast to start producing later this year.
Main share price risers and fallers in London at 2.00pm
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FTSE100 managed to close in positive territory on Thursday but it was a different story for the junior market....
The Bank of England kept interest rates unchanged for the 84th month in a row.
Major share price risers and fallers in London at 4pm
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Burberry, Cineworld, Goals Soccer, Restaurant Group, Premier Oil, Anglo America, Antofagasta, Griffin Mining and EnQuest are all in Friday's broker spotlight.
Investments and investor services
EnQuest, Cairn Energy, Helical Bar, Capital & Counties, and WS Atkins are in Tuesday's broker spotlight.
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Resources miner Regency Mines (LON:RGM) is back in the Horse Hill oil project...
The London listed oil firms have waived rights to $10mln of missed calls, and will instead take their former partners stake in the oil field development.
Investments and investor services
London’s FTSE 100 ended Tuesday some 88 points, 1.4%, lower at 6,135 after natural resources stocks once again weighed on the market.
The FTSE100 was also on its way down, losing around 70 points, or 1.1% to 6,151.
Below are the main news-driven share price movements at 4pm
With crude oil prices at around seven year lows it is going to take something spectacularly reassuring to excite EnQuest investors tomorrow morning