The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
The key issue with Kraken drilling is timing, noting that the nature of drilling of the western flank, with its requirement for a rig hire, subsea infrastructure and long-range horizontal wells results in a long lead time for equipment orders. Timing is also important with regard to EPL, as it is more advantageous to invest capital towards the end of the EPL window, with the majority of revenues at peak rates coming beyond the EPL sunset.
As a result, we will look to protect Group production rates through investment in low-cost, quick payback drilling at Magnus and PM8/Seligi (as a reminder, both of these assets incorporate platform rigs, with no requirement to hire a drilling rig), while we are also looking into options to execute cheaper sidetrack options at Kraken in the shorter term.
I would have valued 2p reserves higher than what Stevo guess is due to the fact it’s so difficult to get a green light for new field projects. Demand for old fields must be strong, we are on the lookout along with many more NS oillies
SEK The company could buy $100m worth of stock but doesn't guarantee a price rise, Nothing is impossible nowadays
We have been saying the SP can't keep on falling along with the debt eventually its going to react, bloody well hasn't yet has it.
We are facing corrupt eco governments that run a unstable Tax regime (The worst in Europe) who the hell wants to invest under that control ?
I'd take high dividends all day long, at least that earns me something from my investment even if the SP doesn't
Why can’t we have a Mcap of just £250m with zero debt ? So far we have reduced our debt from $1.8b and our Mcap carried on falling as well.
Nothing makes any sense with EnQuest valuation
I think Romaron is correct the only way we are going to get our rewards will be through high paying dividends.
Courage taught me no matter how bad a crisis gets ... any sound investment will eventually pay off." — Carlos Slim Helu
I have never understood how you can become a MP without actually coming from a working background, these MP’s do not know what real work is, how the hell can any of these people tell us what we should be doing and what benefits us.
P155es me right off
Hertz is selling about a third of its global electric vehicle fleet, citing weaker demand for its electrified rentals. The car-rental company says it will use part of the proceeds from selling about 20,000 EVs in the U.S. to purchase internal-combustion-engine vehicles.
Unfortunately this will fall on deaf ears - They couldn’t give a toss about wrecking jobs and people’s lives as we have already seen, they only care if it affects themselves somehow.
Honestly these loony’s we now have in parliament would sell their own kids if it was a benefit to them.
They throw the industry under the bus and painted this picture like it was the oil and Gas companies that were the ones that went to war for pure profit
I can't understand why someone hasn't challenged the government in court over the EPL charge and the statement of "Oil and Gas companies are making extraordinary profits and this is expected to continue"
That statement is wrong and should be challenged to "Some oil and gas companies"
They should also compare the oil and gas companies to the Banks over the past few years and see who made a bigger profit - They might want to add in a few MP's to that as well
I'm surprised AB hasn't taken us private.
We are 14 months away from a massive reduction in costs.
I wouldn't be surprised if we all get screwed over before that happens - There must a reason the SP is being so suppressed
I Fracking hope not
Why does our market cap keep on falling as the debt is being reduced? We should be seeing a seesaw effect going on, debt on one side Mcap on the other. There surely has to be a point when this starts to happen.
Jefferies Mark Wilson forecast a P.E. of 2.7 for 2024 but still he gives a poor target price.
Unbelievable