Member Info for Krakenoil

Romaron - To confirm JS is still with us ;-)

This stinks !

At this rate (12 months time) we are going to have zero Debt and a FCF of more than our market value !
How on Gods earth is that even possible unless there is something very fishy going on !
Our SP is being blatantly manipulated !

We were 33p this time yesterday !
My God this is disgraceful

Jacob Rees-Mogg MP appointed Secretary of State for Business, Energy and Industrial Strategy.

https://www.oedigital.com/news/499249-enquest-calls-on-uk-government-to-incentivize-investment-in-north-sea-oil

A tanking SP on great results is horrific, understandable on poor figures but not on what we have been presented today.
I feel robbed to be honest, God knows how AB is feeling.
What else can he do other than what he’s done ?
The forces behind this fall are rotten to the core

Some of the media have chosen to headline the rising operating costs rather than our rising FCF and falling debt.
Media will spin anything around given half a sniff
I thought we were on our way back to 37p this morning when we hit 33p
Gutted

11% down from the morning high !
I’m not even sure being debt free is going to help the SP
Seems we get battered on every move no matter if it’s positive or negative.
We are running out of options other than a takeover/merger

Chilting is just trolling the Enquest board for what purpose I have no idea.

What a joke this market is !

Surely the results need rewarding
Come on James Hosie wipe the egg off your face you look stupid

https://www.energyvoice.com/oilandgas/north-sea/442105/enquest-more-than-doubles-profits-on-high-oil-price/

Debt coming down quickly, EPL kicked us in the nuts.
If the oil price holds up through next year then we could be debt free around the end of Q3.
Will the market reward us …. Probably not

Volume has increased today, not quite where it was pre WFT but its a good start.

Oil is within its normal price range, Gas is out of control

How about the funds that took the hedges on, should they pay a WFT as well ?

Come on let’s be frank here The WFT was rushed through very quickly to take the spotlight off of Johnson’s embarrassing mess he was in. It was clearly not thought through and has clearly backfired. I doubt Truss will remove it but I expect her to modify it for hedged oil, debt etc. It’s not a fair way to Tax
I hope see succeeds

The oil market will be a little more settled once Truss is voted in this afternoon as predicted
We still have a Mcap way less than our FCF ! Won't stay like that for long.

We are sitting on 2 large fields that are awaiting a decision to bring into production, Get the ball rolling on both will be enough to boost production and keep it above 50k for the next 10 years at least.
Modify EP to sit over Kraken to suck up the remaining oil and move the Armada over one of the other fields.