Member Info for AIMOilking

Sorry to see you go. I am fully invested in ENQ, pop back in a year's, perhaps 18 months time to see which of us made the right decision.

Good luck.

As I said the other day, this was to be expected. Both Serica and Enquest are very much going concerns that can make good headway on their own. Given the almost daily geopolitical and economic environment and both low price and POO price volatility, valuing a company or asset at the moment is difficult.

That really leaves distressed sellers as the only opportunity for acquisition/growth - this leaves Waldorf as the mostly play for ENQ at the moment within the NS environment, especially given their stated restructuring date. My guess is that the recent low Brent prices will have heaped the pressure on all parties; Waldorf BoD, the investors and Administrators. I am also guessing that given Waldorf is private, they can't go to the market and the current investors would have first dibs, finding additional finance in the hope the market will pick up is not an option. So, does anyone have any idea as to how desperate Waldorf is at the moment?

If you have a weak constitution or are prone to gagging do not look at the following link: https://uk.news.yahoo.com/ed-miliband-angela-rayner-join-180627980.html

Apart from stating that these two lovely mugs are joining forces to support new targets for NZ on new build houses, the link contains mugshots of the lovely couple......... sorry gagging at the thought......., it appears that Starmer cannot sack Rayner but Labour MP's can sack Starmer and Milliband still has PM ambitions and Rayner is changing horses or at least making sure she is well positioned.

Great Divi Day for ENQ and particularly long termers, plus a nice bounce back from the not so good week.

LONDON (Reuters) -British finance minister Rachel Reeves is being investigated by parliament's standards commissioner, an update to the parliamentary website showed on Wednesday.

Don't get too excited - registration of interests, although depends what the interests are?

Milliband must have the goods on Blair and Starmer - starting to think that Millband is quite good at NZ Liebour Wacker Mole!

ENQ was nicely countering the lower POO today on the back of Blair's comments, but it did not last long. After this morning's high, I am now depressed again - which handout do I apply for mental health benefits - the ENQ sp is doing my head in thanks to EPL!

Blair has spotted an opportunity to grandstand at Milliband's expense. Blair has seen the shift in opinion and calls from a variety of stakeholders and probably had to sit through endless sessions of ridicule from the international elite on his travels regarding UK NZ strategy. He will have also read the runes as to Labour's future as Reform makes it quite clear that Net Zero is going to be a battle ground and is increasingly a threat to Labour, just think back to the last election and think how different the Government would look with proportional representation. In addition, Milliband's zealotry is becoming increasingly subject to questioning and his answers are not holding water as people start to understand the situation and do the maths.

I have to say this board has been on the money since the introduction of EPL and I think we are all agreed that Milliband must go and NZ ambitions amended, I think we are now in the areas of weeks, a couple of months for Milliband's removal. The question is what will happen to EPL, personally I think it will be replaced within six months with an alternative scheme which may decouple oil and gas, along with a fairer tax regime associated with O&G prices. The aim will be secure an environment for investment.

Where does that leave ENQ? Any positive changes to EPL will be an instant benefit to ENQ's sp and MCap, plus bring for example debt targets nearer term. However, apart from Waldorf assets, it might muddy the water for other NS deals including the Serica deal e.g. valuing Tax losses, FCF's etc., we'll have to wait and see.

I have written to Justin Webb BBC4 with a few pointers and words of encouragement for taking on Milliband. It amazes me how long it has taken for the media to cotton on to Milliband but he is so slippery that the media is not metaphorically landing any big punches on target. There is enough ammunition out there for a truly viral car crash interview with Milliband, if only the journalists would do their research properly.

Good summary Steve, it should be sent to all BBC etc political commentators and MP's.

Ed is putting forward zonal pricing - that will alienate half the population of the UK, the half that is already subsidising the rest.

We may have a found a journalistic champion on EPL - https://uk.news.yahoo.com/ed-miliband-angrily-clashes-wilfred-071021617.html

Oilman, I had not thought about this possibility, but a sale of NS assets and transformation of the ENQ balance sheet might not be a bad idea, it depends on the price though and I assume that the the Capital Losses would feature prominently in any such negotiation.

Ed Miliband set to U-turn and ban solar panels made by slave labour and this particularly relates to China where most of our panels come form. Electricity just got more expensive, Ed said 9x cheaper, then it was 3x and throw in the extra subsidies and cost of GB Energy and forget all rational mathematics/economics and green issues related to imported LPG, we must be negative -x by now!?

NS O&G will rise again .............or move to Asia!

I was expecting 10-20% and not necessarily operator, so this is BIG news and plays well into the future sp (hope there will be some upside today along with Brent above $68 again) and also any Serica deal.

Well done AB..........!

Even happier with my additional purchase last week, although decided to hang onto recent LGEN purchase (up 20% which I was going to switch into ENQ at this point, LGEN may weather current geopolitical better and I get my 10% divi to buy more ENQ in due course).

Pragmatic Government:

Step 1 - Remove EPL

Step2 - Ensure log term policies that encourage NS O&G investment and growth

Step3 - Get rid of Millipede into obscurity

Step 4 - Develop a sensible and affordable energy security and transition strategy that includes development of base load nuclear.

Step 5 - Appoint an intelligent Chancellor who has a real understanding of economics and the consequences of their decisions.

Hopefully the above will restore investment confidence in a UK critical industry and wealth generator and of course, result in the return of at least 3 times our MCap - stolen by successive Governments.

I am losing the plot - should I believe this article or should the journalist be fired for peddling nonsense?

https://www.aol.co.uk/money/why-uk-electricity-costs-high-140109692.html

It looks like Farage could be NS O&G's champion, at least he has the ***** to challenge Millipede and public opinion is changing along with the Government's desperate need for growth - NS O&G being the only switch that can be flicked for immediate investment and growth at little cost to the Government and for a longer term revenue gain.

Whilst public opinion may take longer to turn on Net Zero as an ideal, however currently impractical, it will turn quicker now on Energy Security and cost with Russia and now the US messing up trading positions.

ENQ remains in an increasingly strong position as long as POO does not collapse, in relation to any deal with Serica and or with steadily increasing its asset base.

With Brent circa $68, ENQ should be buoyant on Tuesday.

I see that AB has received over £1m of ENQ shares and JC a fair few as well in an RNS slipped in amongst the ongoing avalanche of RNS's. I am not saying AB does not deserve them but I would begrudge the gift of shares less if the sp was at least twice what it is now!

Slightly disappointed the sp is not doing better today with Brent at $66.50+ and the news about the Indonesian Gas Field which I presume was the Indonesian opportunity he was talking about last year. So, AB is delivering his promises, just a little slower than we would like. We are now within 6 weeks of Waldorf's restructuring deadline, so I am hoping there will be news on that front at anytime and Serica news, not particularly bothered, more interested in May update.

Frac, many thanks for the link, potentially extremely helpful as I was unaware and sadly in the process of loosing my Ash trees, the Larch have already succumbed to a mold, the whole area is changing and then you have the "townies" doing their Green Thing, which thanks to Woodlands.co.uk dividing up the countryside involves Townies clearing trees, making make shift shanty cabins and toilets, dumping caravans and trailers, burning their litter and setting the woods alight.

If ENQ comes good big time, I will buy out the Townies when they get bored, usually 3-4 years and return the woodlands to the wildlife. Trouble is I might have to live a long time to save up the dividends..................someone needs to set a bonfire in the right place, I am not sure whether that is under the ENQ share price or EPL policy - perhaps both!

Sparhawk, excellent find and read - answered a lot of questions, although my guess is that figures for 2024-25 and 2025-26 etc are going to look pretty grim. The Government has grabbed a windfall and enough is enough, they need to remove EPL immediately and allow an environment for investment before this valuable industry is lost, the infrastructure is lost, the supply train and jobs are lost and the extraction of this valuable resource (part of any transition) is no longer viable.

Nice to see ENQ a little perkier this morning!

If anyone has a chart showing current and projected tax receipts from corporation tax and also EPL for NS O&G, I would love to see it as I believe it will make interesting reading as it would appear that EPL has resulted in an undermining of UK HMRC tax receipts which may have partly negated the point of EPL in the first place. It appears that all EPL has done for the thieving Government is provide a quick shake-down of the industry and precipitated tax avoidance and the death of the NS O&G industry at an accelerated pace. Ooops..........! And Hunty got knighthood for this.

Interesting post if possible. With Brent crashing through $60 circa $59.61, it might help a little.

I bet Trump is filling the strategic reserve as quickly as possible so that he can sell it down at a profit near to the next election, to show how clever he was - at everyone else's expense.

SO far, my worse week EVER! Although, my LGEN purchase is in profit and swapping into ENQ now would give me 20% more ENQ shares than a week ago, where will ENQ and POO go next is the big question?