Member Info for Krakenoil

I think you are right Aim I also think we are going to see daily volumes increase the closer we get to the Budget, The government have the perfect opportunity to blame the Windfall Tax disaster on the Tories, change it and take advantage of the Positive headlines that would follow, Its going to be a interesting 6 weeks.

I'm looking forward it

I've bought more.

The pressure on this government to lift the death (EPL) Tax is so high they can't put it off much longer.

We cant be far away from getting this deal across the line and

we are so undervalued I'd be silly not taking advantage of the low SP, as soon as one of the above is announced the SP will rocket.

I have questioned my Investment over the past few months or so as frustration gets to me sometimes but we just have to put that to one side and focus on why we invested here.

Stevo - The bond market is much different to the last time we refinanced so that comment you posted is BS and you know it.

AB and his team are doing a fantastic job and my faith in them to make EnQuest and our investment a massive success is 100% we just have to carry on being patient.

Stevo, If I were a bond holder I would be delighted to extend the loan term considering the low risk and the returns being made.

As you've just proven with buying more at the price you've just paid.

Here goes Stevo again with the fear mongering lol

He really can’t help himself can he.

I thought you weren’t going to comment on this board again or is that another lie ?

When I spoke to IR about the Waldolf assets they weren't interested in taken them on other than the Kraken share but I suppose beggars can't be choosers now as most assets already deals have already been done.

And we certainly ain't going to use up the Tax credits within 3 years buying them are we, not unless oil hits $180bl

She also said the government agreed that a windfall tax from 2030 will be profits over $100 a barrel

but if you wait until 2030 to change it you wont have a oil and Gas industry to TAX

So Harbour don't believe the government will change anything to do with the current Tax (EPL) charge until 2030

Poor bloke has just opened his electricity bill.

I still have faith in AB

I’ve bought more

Its our debt and the cost of it that's weighing our MC down

Serica doing a fantastic job so far this last year, if I was a Serica Shareholder I'd be happy.

Have we backed the wrong horse ?

Serica has got this deal done quite quick by the looks of it, we have been going on about a transformational deal for 18 months.

20p not 29p

Canaccord Genuity increases their target price from 19p to 29p with a (Buy) recommendation

Let’s see what Jefferies say in the coming days

Debt

Need to pay the best off first then monster returns will follow

Https://www.thisismoney.co.uk/money/markets/article-15128405/EnQuest-Governments-windfall-tax-North-Sea-oil-globally-uncompetitive.html

What we do all know if the government changes the EPL to a much fairer system and separates oil from Gas our SP will triple with a very short period of time

AB seemed very confident that the government will change the EPL shortly, it was if he wanted to say more on it that he actually did.

If I was a betting man we are going to see the EPL changed during the budget

They are moving forward with Bressay just not quite at a FID position

Good luck everyone for tomorrow

I hope it’s not a negative one