EnQuest on track for 2012
Enquest, the FTSE 250 oil and gas company, said average 2012 production would be around the middle of previous full year guidance.
Enquest, the FTSE 250 oil and gas company, said average 2012 production would be around the middle of previous full year guidance.
The firm also said that its co-founder and chief operating officer, Nigel Hares, was stepping down from the board.
However, he will remain at the firm four days a week, advising on future strategy and development.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Enquest said production from 1st January to 31st October averaged 21,569 barrels of oil per day, in line with its expectations and reflecting the second half weighted phasing of its 2012 drilling programme.
The company added it was moving outside of the UK North Sea, having established a presence in two new oil basins in Norway and Malaysia.
Amjad Bseisu, Chief Executive, said financial performance, production and cash generation were on track for another strong year.
MM
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Will UK inflation rise ahead of BoE meeting?
August’s inflation report will be published at 7am on Wednesday, 17 September, one day before the Bank of England’s next rate-setting meeting
-
Thousands of savers with £250k pensions take cash over tax-free money and IHT fears
With a record £70 billion withdrawn from pensions in the year to March, experts are concerned savers are making knee-jerk decisions without advice that could affect their long term wealth