Member Info for Itsaponzi

Good question how much does it take to power AK per day maybe 1000bopd ?? Obviously not 10kbopd that's ridiculous triplecombo..

Work on these figures as it's from the horses mouth !! Opex and capex spend of c$600m and c$275m, respectively in 2019!! Brent pricing, but Kraken gets a c$5/bbl discount (due to being heavy oil). We have given Kraken gross production volume guidance of 30-35kboed (so net is 70.5% of this) -          Sales volumes will be slightly less than production due to entitlement in Malaysia being some 70% of our working interest production. You would have to make an assumption in Malaysia production volumes to make this adjustment. In terms of uses of the FCF post capex, we have the following: Bond interest is 7% on total bonds of c$1bn. At current prices, we expect to only pay cash in Feb/April (and not Aug/Oct). On this basis, cash will be half the total annual interest with the rest PIK. If prices average $65/bbl or above then all is cash, which increases the company’s “breakeven” price slightly. Bank interest is 4.75% plus LIBOR, so around 7% and our base credit facility of $785m is fully drawn. The Kraken Finance Lease is $115 You would need to make a calculation for the cash payments to BP under both the 25% vendor loan and the 75% vendor loan (these are not part of net debt as they are payments contingent on the field’s cash flow). We have said that the 75% loan gets paid in roughly equal instalments over 5 years covering both interest and principal. The principal is c$100m and interest is 7.5%, so you need to apply this interest to the principal in a compound basis for 5 years and then divide by 5 to get the rough annual payment. For the 25% interest vendor loan (which was c$85m originally, c$60m at HY18 per our financial statements), this should be paid off this year. These are the main draws on free cash in 2019 prior to making any repayments of debt (which are mainly the bank amortisation of $205m, Mercuria prepay that will finish in April and Kraken financing from Oz Management being the main ones). Of course, these repayments don’t change net debt as we either have the cash and higher gross debt, or gross debt is lowered through repayments.

What baffles more than anything is Enquest produces say 60kbopd at say $60 with discounts !! So that's around $110m revenue per month and that's low end but Mr market has enquest as making no money cant make debt payments and are virtually bankrupt?? So you tell me WTF is going on that normal people can't see ?? Mcap at £250m Hurricane has a mcap at near £1b with zero production.( about to go into production at 18kbopd never the less ) Market valuations and fundamentals make no sense to me. Algorithms and sentiment is the only driver on company's these days. In favour the mcap is way to high out of favour and you get punished beyond belief.

Must try harder !! Pity this dog isn't...

The only bag AB will pull out will be a sick bag his enquest portfolio has lost £6.2m this week!! How much more can he take let alone LTH. I hope he has sleepless nights thinking that he might lose everything here as will LTH. The Company is a disgrace to be honest and singal digits will be hit after the results because more untold truths. RIP Enquest

I have excepted the dream is over here!! Do you seriously think this will turnaround now even Carin has had enough of enquest and they're partners. Wake up guy's the share price dont lie what's going on here . It's like a football league table at the end off a season it don't lie ..

Because he is deluded and was hoping things would turn around!! He took a gamble but it hasn't worked out now he will lose the family silver. He will explain to the family y he lost £50m on a dream that has failed but that is life because we all gamble to make money. Yes I am ****ed off here because I believed and now i have been royally screwed over here by a CEO that took on new projects and indebted the company to the point of return now. Brumi is screwed and so is this. As they say if it looks a duck and walks like a duck it probably is. And the fact that all other oilys are going nicely on a little bull run and this has lost 30% in 3 weeks tells you want you need to know.

I'm waiting for the RNS were AB has sold a few million shares that will be the straw that breaks the camel back here .. Premier doing nicely y not ride that gravy train to a quid and get some huge loses back here from this dog with mange..

Looks like people selling out here and joining the premier oil party !! Looks like this isn't going to rise now 12p party after results if AB tells a few porkie pies..

Brokers targets hit so let's see what happens today ?? Maybe a drop to start to15.5p then finishing around 17p. If what AB is saying and the results are fine then maybe 22p over the next 4 weeks . But if he has lied then 12p and surely that's the final nail in his coffin as CEO.. GL on the rise today LTH.

He has lied for the last few years the next update will not read pretty. If you can get out tomorrow then you have made a good decision. If you hold be prepared for worst how he got RI away was a master stroke. He has basically ripped you all off good and proper. What a scam or a ponzi scheme the signals were their to be seen brokers were telling you but no one listened.

AB £3.2m lighter after today !!

Finished on its arse ! More pain tomorrow I'm going for 12p by Friday..

Consolidation is next here maybe a 5 to 1 ratio at least the share will good even though it isn't??? And you can have your 60p party. Surely anyone holding this now is completely mad as other oilys are better bets. Even premier looks good compared to this shambles .

Cairn trying to make a come back if that helps anyone !! Its painfully to watch imafraid turn off and go out for a walk and come back next year ..

I'm totally baffled y he bought millons of extra shares probably knowing something like this was going to happen !! It makes no sense I suppose at least AB the Captain will go down with his ship. Such a honorable man if i say so .

So Brokers targets hit now and called all this !! What happens now ???

The Market was right and brokers were right !! And no one listened I think its damage limitation now for AB. It's a shame I did believe once but now I don't. Time to move on and look for a multi bag to get all my loses back here . I know some will hold for grim death but this going to 14p now .. Then maybe dead cat bounce back to 18p were you should all get out .. I said Restructuring later this year which will wipe out shareholders once and for all just like GKP did ..

How can Cairn and Enquest have different opinions on Kraken P2 reserves ?? Don't they speak to each other around a table in meetings. Just more uncertainty at the end of this day the market will decide. At least we know y the share hasn't moved recently all them downgrades were far wrong now . GL.

32 days ?? So 15kbopd 10k nett to Enquest plus running fuel so basically its keeping its lights on !! AB you need to say something this is not acceptable..