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EnQuest's Malaysian acquisition could double its value and boost cash flow from FY27.

Market News
10 Jun 2026
Proactive Investors
View Source
Bullish
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EnQuest is acquiring three Malaysian oil and gas asset packages from Petronas Carigali and E&P Malaysia Venture for a total consideration including upfront, deferred, and contingent payments. This deal will increase EnQuest's production to over 100,000 barrels of oil equivalent per day and shift its focus towards Southeast Asia. The acquired assets have lower operating costs and strong cash flow potential, expected to significantly improve EnQuest's free cash flow starting FY27. Shore Capital maintains a 'Buy' rating with a target price implying over 100% upside, while EnQuest continues to pursue UK opportunities as well.

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