BUZZ-Enquest: Concerns on cashflow mount

Wed Aug 19, 2015 3:35am EDT
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** North Sea-focused oil producer Enquest's shares down 7.5 pct at 30.75 pence after co reported H1 results

** Co reported 12 pct fall in rev and 34 pct decline in profit before tax and net costs for H1

** Stock second biggest loser and busiest on the FTSE Small cap index, with nearly half its daily avg volume traded in the first 15 minutes

** Stock biggest drag on FTSE oil and gas index

** Analysts say H1 operating cashflows lower than expected at $83 mln, while capex higher than forecast at $386 mln

** Co kept FY production and capex guidance

** Peer Ithaca Energy also down about 2 pct (