Member Info for colebrooke1972

Kraken delivering consistent production with DC4 wells performing. Debt reduction consistent production the SP and market cap will respond.

Despite the increase in oil prices, the rig count is going nowhere. Expectations placed on US production growth are wildly optimistic.

Javier Blas @JavierBlas 3h3 hours ago The last thing that the medium-heavy sour oil market needs: Russian crude Urals flows via the Druzhba pipeline into Poland and parts of Germany halted due to organic chloride contamination. Heavy oil is in high demand! No Venezuela heavy oil hitting the market and US shale pumping light oil. Kraken heavy oil will be in demand #crudequalitymatters

Excellent feedback from the company. Thanks for sharing.

Sentiment has improved markedly on this share over the past few months which can add significant percentage gains. Still incredibly undervalued.

Bullish for oil and EnQuest: SAUDI ARABIA IS WILLING TO RAISE OIL OUTPUT TO COMPENSATE FOR POTENTIAL LOSS OF SUPPLY IF U.S. ENDS IRAN OIL WAIVERS BUT KINGDOM MUST SEE IMPACT ON OIL MARKET FIRST - SOURCE FAMILIAR WITH SAUDI THINKING

The mother load 45,000 boped from Kraken alone!

Based on the load timeframes Kraken including two production trains and DC4 wells current production @ 40k - 45k boepd Pushing 70k boepd total production means the current market cap is ridiculous

Kraken key improvements: 2 Production trains now running and DC4 wells now online producing. Enquest production ramping up!

#API Private weekly US oil inventories Crude surprise DRAW #Crude -3.096 (+1.711 exp) #Distillates +2.330 (-0.846 exp) #Gasoline -3.561 (-2.133exp) #Cushing -1.561 See what EIA brings tomorrow. In the meantime expect Brent to pass $72 bbl.

Further proof that Zama is a 2 billion barrel monster! RNS Zama-2ST1 appraisal logged 873 feet of gross oil bearing reservoir. UBS base case target for PMO with oil at $70 bbl is 170p.

March won’t show the full impact of Kraken DC4 wells coming online for the whole month. April will give a better outlook.

EBITDA increases ~$150m at $70/bbl vs. $60/bbl". So think about the impact on leverage/debt pay down of an incremental $150m of EBITDA. Especially vs. a market cap today of $485m (~30% of the MC)...!

Exactly NSeaOG!

That's more like it 80p on the cards! POO reacting to the Orange One threatening a US trade war with the EU.

CEO has bought close to £1M worth of shares since January at an average of 19p. Guess he knows better?

Since January of this year the CEO has bought over 5 million shares at an average 19p. Director confidence in the production turnaround 70,000+ boepd

Great quote which can be applied to Enquest: The best performing stocks ever still had multi-year periods of underperformance when the fundamentals backfilled into the price. The hardest part of achieving multi-baggers isn't holding through the gains - It's the lulls in stock price and boredom that push you out of them.

Magnus has significant potential, with only around half of the c.2 billion barrels of oil equivalent in place recovered at the end of 2018.

It’s a start but still undervalued versus peers based on production and debt ratio. Onwards and upwards to fair value...

BBC News coverage of Dev Clever educational technology. Students get virtual taste of WW1 warfare. Quite impressive!

https://www.bbc.co.uk/news/av/uk-england-birmingham-46131822/students-get-virtual-taste-of-ww1-warfare