Member Info for Krakenoil

Looking back at the production forecast along with decline rates back before the field was operational production rates of 50k over the first 3 years before decline
We have never seen production rates of 50k so I would say the field has less of a decline rate due to the fact production has been around 33k tops since it started.

Just wondering if our short side has increased, I can't understand the current price movement against oil prices.
15% drop over a couple of days isn't just a few profit takers.

Profit taking mixed with a bit of panic = short term weakness
Equivalent of 5p a month FCF coming in
Soon be having a go at 40p
Buy the dips

-9.1%
That’s a rough day !
That’s the whole of April’s gains gone in 2 trading days.

Yes but with what scientists are saying is far less affective than the foreign produced ones.
Only 57% of the population over 60 have taken up the booster
The Sinovac vaccine is struggling even with the Omicron variant !

I thought we'd turned a corner !

I’m sticking with the Chinese panicking over Covid restrictions and their new variant damaging demand

SPR release not working so let’s try another variant
Panic usually does the job !

Vaccinate your population ffs

Anyone who thinks AB would let a fund like ARCM attack the SP now needs their heads testing.
AB has been waiting far too long for this recovery within the oil sector and there’s no chance he will let anyone try and embarrass him and is company.
This isn’t PMO and we haven’t got a corrupt CEO who couldn’t give a rats arse how he earns his money. We have a CEO that’s steered our ship through the storm and has his own hard earned tied up in it.
They say put your money where your mouth is and he did just that…. And carried on throwing his money where his mouth is.
He will start singing like a canary towards the end of the year once we have this years huge FCF banked.
There’s no better investment out there than this.
We’re still building

Miserable day for EnQuest but still 1% up over this week

Isn’t it funny when long term holders here suddenly change their tune once sold out…. Sold way too early as well.
Oh well !
Hitman you still coming to the 60p Party or you giving it a miss ?

Buy the dips !
Morgan Stanley just increased its third and forth quarter price forecast for global benchmark Brent by $10 due to a even greater than expected supply deficit.
H2 2022 is looking likely to tighten even further

Romaron must be selling his stock looking at this mornings price movement lol

Best advice - EnQuest !

Ask Chilting for some advice, done me a massive favour or are you still riding that high horse of yours

Kraken firing on all cylinders, A tie into Bressay will see the Armada pumping daily rates of 35k plus for years to come.

Opportunity to buy this morning before we resume the steady march into the 40's.
Don't miss out

Let’s not forget the amount of FCF coming in with current oil prices the Debt is easily paid off by then
Looks to me Enquest is holding the upper hand, the wording that allows the debt to be paid early puts people off as there money will be tied up at 9% interest but may not even get 2 years out of it !
Tullows bond look far more attractive as there’s will take far longer to pay off with the terrible hedges in place

Strange reaction to the EIA report, oil falling on another large draw down. Strange times