ENQUF / Enquest bemoans windfall tax despite record cash flows

Shares in EnQuest PLC fell 14% to 15p in early trading on Tuesday after it reported a first-half loss and said it had applied to delist from Nasdaq St more_horizontal

British North Sea-focused oil producer EnQuest reported a loss after tax for the first half of this year on Tuesday, hit by the UK's windfall tax on t more_horizontal

EnQuest PLC is set to be among “advantaged” firms that were offered licences to inject captured carbon in depleted North Sea oil and gas fields on more_horizontal

Enquest PLC (AIM:ENQ) said that the UK windfall tax has changed the investment landscape as it reported a swing to losses for the past year due to de more_horizontal

Enquest has already delayed the publication of its annual results once, due to what it says was the impact of the UK government's energy profits levy. more_horizontal

Enquest shares tumbled 11% as investors took fright at its warning of lower production in 2023 allied to the impact of the energy profits levy. North more_horizontal

Enquest said it has deferred drilling on one North Sea field in 2023 due to the windfall tax or energy profits levy (EPL) and was considering its UK s more_horizontal

Enquest PLC (AIM:ENQ) told investors it remains committed to the UK despite the recently extended and expanded windfall tax which North Sea producers more_horizontal