Member Info for Krakenoil

live Brent just about to hit resistance, if it drops through that then we are looking at $88.8

We were leading the rise this morning, now we re leading the way down.
Just p155es me right off

Back into the 19's tomorrow ?

Down 4.2% from the days high.
Lets try again tomorrow !

The market still suffering with a lack of buyers for mid cap oillies, maybe waiting for the outcome of the Iran deal and what the oil price does. The US increasing production by around 1m by the end of Q3 this year doesn't help but with the holiday season just around the corner should easily cover that. our next TU is the one that should get the market moving for us.

Patience

Reports fcf of 12b - 18% of it current market cap and the media are all over it - ( Huge profits )
EnQuest reported a FCF of 400m higher that it’s current market cap and the media ignores it. Lol

https://www.bradford.ac.uk/news/archive/2022/bradford-students-benefit-from-energy-industry-partnership.php

It’s the same pattern every time

Knocking off 1% on close again.

He also need to look at Bentley - 900mmbbls estimated daily production at 45k based on a 20 well slot platform with 17 duel lateral ESP producers and 3 produced water injection wells, installed with conventional topside fluid handling facilities to process the heavy oil .
The platform will be connected to a FSO vessel (Possible EP) then exported onto shuttle tankers in 500k bbl loads the same as Kraken .
Field life (35 years)
When they tested the production rates of the 6 wells in 2012 over a 68 day period they each delivered production rates of 2600bopd on average.
I wonder if the EP could be modified and attached to those risers ?

Kraken is still offloading at 15 day intervals. Have another go at working out the percentage

http://www.*************.com/60550

Currently sitting at Skagen

https://www.worldoil.com/news/2022/2/4/u-s-shale-back-to-booming-adding-1-million-barrels-a-day/

Biden waivers sanctions on Iran !
Good God ….Worse than Trump

If nothing breaks down !

I'm not here for 35k, if I wanted just 35k I would have invested in BP and taken the Dividends, I'm here because I saw a minimum 3 bagger.
Same reason AB was buying shares. The trouble is the Bad luck doom cloud has never moved from above Enquest's head

I bet we don't see any Director buys for a while either.

Someone selling chunks of stock today, Obviously had enough
Bet we end up in the red
I'm just really annoyed with myself for holding my faith in Enquest deep down I know nothing ever changes here.