Member Info for chilting

And it gets better !!!

EnQuest
21.36
1.28
6.37%
21.26
21.40
1,142,750

Yes, very positive and decent volume - bodes well for Thursday.

EnQuest
20.87
0.79
3.95%
20.70
20.88
734,150
08:10:17

16.5 hours and counting.

Load 36 was split in two with two shuttle tankers but both did a STS with the same tanker taking the load to the US.

Two reasons it could fall below the offer price -

1 Not all investors take up offer and not enough investors take up excess shares - very very unlikely.

2. Shorts activity - if they did push the SP below 15p it would only be for a very short period.

We should be looking for an SP around 19-20p intially after dilution rising into the low 20's fairly soon.

Yes, hook up at 14.45 BST.

Its looking like hook up within the next hour or so.

Kraken

The main point is that our observations have been confirmed by Cairn at their AGM - AK is producing consistently at 40-45k per day - a real game changer !!!

AS certainly seems to be moving in now - very slowly - hook up around mid afternoon.

dadean
I am not sure that there is an actual answer - the rise was simply part of the volatility surrounding stage 2.

It was simply one act in the drama that still has to be concluded.

Keep an eye on the market cap over the coming weeks and months that should rise substantially as volatility reduces.

Tanker tease continues but a hook up today is starting to look more likely - AS is maneuvering for what looks like the final approach.

L3
The two partial offloads made one full 550k load - as confirmed at the Cairn AGM with their 45k current production figure. The tanker left for the US with the correct draught for a 550k load.

Assuming AS hooks up today or even tomorrow that trend continues at a conservative 40-45k per day.

While Trump cannot be blamed for past history, the current situation that is developing is a 100% result of his actions - he has willingly followed the Israel's agenda of provocation towards Iran in the same way as he agreed to move the US embassy to Jerusalem and recognise the Golan Heights.

AS is finally getting into position for the hook up from the west-north west - she is just over 15 nautical miles from AK.

I guess they will hook up tomorrow morning.

I think that they have neatly sidestepped supply problems chemistry - they have so far limited demand by not having any Polysulphate and nitrogen compound mixes.

To achieve what they have with just specailist mixes is very impressive and underlines the true potential of polyhalite.

900 jobs today could be 9000 jobs in 10 years time - one company doesn't make a whole industry but you can certainly build an industry around one company - its not just SM that has potential Teesside does as well - especially if the Government and local authorities get their fingers out.

The next few weeks have the potential to be just as traumatic for long term holders as the last few.

One thing we can concentrate on is the market cap - at the moment it is very low reflecting the current circumstances - it is little more than half the average for the last 12 months.

So, even with dilution we can expect the SP to go up at some point and with stage 2 financing agreed the jump in market cap should be significant.

The problem is when will this happen - especially with the shorts about - a lot will depend on who holds the new shares - have they gone to long term holding institutions - patience will be rewarded but it could be a long haul.

Insurer says Iran's Guards likely to have organised tanker attacks.

https://uk.reuters.com/article/uk-usa-iran-oil-tankers-exclusive/exclusive-insurer-says-irans-guards-likely-to-have-organised-tanker-attacks-idUKKCN1SN1OS

AS is moored 18 nautical miles to the north west of AK.

No action yet.

The tanker for the STS, Minerva Maya, is scheduled to leave Scapa Flo for Port Arthur, Texas on Wednesday.

The point is L3 that they have left the door open for an upgrade - even saying that measures are in place to achieve a sustainable improvement - that has to be positive.