Member Info for hitman1a

Think he had about 20,000 in Sep 2018.. but a purchase of 200,000 is substantially more in comparison. So thank you John, we appreciate you.

But 200k seems similar to Farina Khan so perhaps it's the going rate for a non-executive Director these days to avoid any house embarrassment.

I wouldn't read anything special into it.

I recall many years ago meeting Bricktycoon, He mentioned billion dollar upside potential of Sound Oil , I see the same here in terms of strengthening the balance sheet , once you add 2H 2021 profits , deferred tax adj, fresh equity and 2022 FCF . I don’t think it’s about high production anymore as the debt is reducing substantially each month .

Exactly , he never told us when he got back in .

He could have said so and encouraged others to get in for a short profitable trade following his trades.

Looks like the stewards are looking at yesterday’s race . Our over weight jockey on secondment from our Far East subsidiary might not have the correct visa and vaccinations. I have a copy of his cv in front of me and it looks like he’s also a part time diver., will know later in the day but one of our stable lads says it’s all good and knows a Director who has just increased his equity stake as well.

GL , open 21p , and then move up to 22p ,

Would prefer the tight oil market to be over Q2 and Q3, which would give a chance to get to 25p over Q1 naturally based on FCF and a better stepping stone to 30p over Q2 .

But it looks like flight numbers will pick up earlier than expected so 25p plus might occur before the Jan update .

If Brent moves to $85 next week , 30p is the target by end of Q1 .

That was a good race.. Enquest did well biting onto Tullow's tail for most of the race.. to place second.

Harbour was last.

Final lap. Enquest still has a chance.. It's lucky we are sitting in the grandstand as you wouldn't want a close look at what this beast looks like close up.. How Management gets this out on the starting blocks each event is a mystery. Just be glad we don't get the details.. 3 legs.. 3 eyes.. and I'm not even talk about the over-weight jockey.

But Tullow looks like it's getting tired.. Enquest can sniff it's ass.. 3.18% v 2.86%

This is going down to the wire.. get your camera ready.

Tullow has a clear lead now .. 3.02% v 1.99%. 4 legs and one good eye on the straights gives it a clear advantage over Enquest's 3 legs and 3 good eyes. This is one strange runner than turns up at every meet.

But don't count Enquest out yet.. there are quite a few laps to go and Enquest can use it's tail to cling onto the inner rail as it's goes around the bends..

It's all about knowing your weakness and making it a strength.... it's not about appearance..

GL.

I saw the Tullow horse in the paddock last week.. Yes it might have 4 legs, but it's only got one good eye..

At the moment it's .. 3.06% v 2.73%,... Tullow still has the lead going into the last hour, but a photo finish is on the cards.

I think some insiders know Enquest is a 3-legged horse.. Spectators like us who watch from the grandstand think the tail is the fourth leg.. still .. if can finish in the top 3.. your a Winner like Michael.

GL.

I think Enquest is one of those horses that stays at the back of the pack for most of the race, gets the tow from the horses in the front and then tries in a good Brent environment like today to get to the front towards the end for a photo finish.

You can make money by betting it places in the top 3... but going for a straight win seems risky.. UT EofD : 20.95p
GL.

Bit like my vision.

Thought we would see 20p by year end.. but a few days later is fine.. still ....better go and see the Optician and see if any adjustments are needed for the year ahead..

GL

HNY L3T

1. I must admit if Magnus does 15k in a good month, that's fine with me.. Even extra 2022 drilling might only keep us at this level. As of today.. I believe it's running within spec, but Enquest doesn't release monthly numbers.

2. Do I think the Malaysian court issue is linked to the delay in attaching the new riser.. perhaps yes.. IE: you not pay me, my brother in law who owns the only diving company in Malaysia won't attach it..

3. I just about recall the 2018 AGM.. I stressed the need to pay off debt and AB wasn't concerned about $2b in debt . Maybe he had a lot of confidence in the assets.. Perhaps he now feels he has better assets.. we just don't know.. but I believe if we roll forward a year and arrange a new $500m bond, our firepower for another large acquisition of say 20k/boped is on the cards. As we know, we can commit earlier and complete a year down the line. Hopefully just a straight purchase using cash reserves and overdraft facility which we know had already been arranged, so long a bond of as yet an unspecified amount is arranged.

Add in deferred tax adjustments, recent equity infusion, 2H 2021 profit and debt reduction and 30p could be here by July 2022.

Same place again..19.22p
I was just reviewing AB's recent purchases which are now in the money.. so a good start to the year.. He doesn't seem to have any issue buying in the 19p range.. Any old/new investor looking for a quick decent return of 20%/25% would do very well here over the next few months.

All we have to do is deposit $50m each month in the bank.. So what if we have issues .. they happen all the time.. Only thing different is we are now in deleveraging mode with med/high oil prices which bodes well for presenting some decent equity numbers for google at somepoint down the road..
GL

https://www.tradinghours.com/markets/lse/hours

Market closes at 12.30

Brent dipping.. look forward to OPEC+ meeting next week and 20p.

Still a chance of 20p today , slim but could see it at the close as the UT

Managed a top up at 18.40p just before the data.. seems like a very tight oil market already, albeit Brent is now below $79 again.. but I think it does indicate the US is just getting back to normal.

But we missed our 2021 production targets and in turn our profits.. so the SP took a hit.. as it would do for any other stock. Try again for higher prices over the next 6 mths.. although I expected to be closer to 20p by now..

Have just seen 18.80p flash.. wonder what the close will be.?

Thanks..
https://www.marketwatch.com/investing/Stock/ENQ?countryCode=SE

Brent is doing very well today.. $79.27 , Jump tomorrow to 19p seems possible unless there are a number of investors with orders to fill in low 18p range.. Low volume but I aim to buy early as I expect 20p by Friday and 22p by next Tuesday..

We should have a market cap of £500m (26.5p) with Brent in the $80s. All the conditions are right to see a boost of 10p from where we are today. (£540m) : 28.6p