Member Info for Krakenoil

They have already said no to that

I wonder why the board have decided to release the half year results almost 3 weeks later than we normally get them.

These Asia deals won’t make much difference to the balance sheet for years

We need U.K. production deals so we can use up the TC on

Could also be filling someone’s buy order at 12.7p

You mean 13p surely

Well James Hosie believes EnQ is currently worth 29p per share and he's obviously got more info than what's available to us so I doubt AB would accept any offer below that. Probably AB's average.

We just need a deal or deals to lift our UK production by 10k and that would transform our balance sheet

Looking more likely that a fire sale of the Waldolf assets will follow shortly, the appeal will only kick the can down the road for a month or two and thats if permission is granted to appeal.

WPUK – Result of the Plan Sanction Hearing

Reference is made to the announcements of Waldorf Production UK plc (the “Company”) on 20 June 2025 regarding the Plan Sanction Hearing (the “20 June 2025 Announcements”).

Capitalised terms used but not otherwise defined herein shall have the meanings given to them in the 20 June 2025 Announcements.

Following the Plan Sanction Hearing held on 23 and 24 June 2025, the High Court of Justice of England and Wales (the “Court”) has today handed down its judgment, in which the Court has declined to grant the Company’s application for an order sanctioning the Restructuring Plan. The Company disagrees with the decision and is seeking permission to appeal. It will make further announcements in connection with the Restructuring in due course. The Company is in ongoing discussions with its key stakeholders, including the creditors that opposed the Restructuring Plan at the Plan Sanction Hearing.

We haven't seen or heard much of Miliband for quite a while I wonder if that rumoured reshuffle has his name at the top of the list. Has Starmer finally woken up smelt the coffee and grown a pair. - I doubt it

I have always defended the teams work and ability to steer through stormy waters but after the imminent "Transformational deal" statement that has now been somewhat forgotten about I'm now questioning if my investment will ever see a return.

We were sitting in a good position last year but we have failed to take advantage of it so far and its weighing on the SP. I'm preying AB and his team do have a transformative deal in the final stages otherwise we have needlessly waisted another years fcf on interest costs

Not looking forward to the half years results either.

We were told last year that the team are working on many deals to utilise our tax credits but 15 months down the line we have signed off on none ! We were even told at the AGM this year that they were aiming to use up the credits within 3 years. I should have asked which 3 years are you talking about ?

Starting to feel like we are being strung along

What's Steve Bowyer done since joining the team ?

It’s like telling the world I’ve finally scrapped my car after the engine failed

But it’s ok as I’ve still got the moped in the garage

Ffs where’s our transformational deal

They already told us they will carry on the dividend programme and it will be inline with the one we received in June this year for 2024 and that will be the same for 2025 paid in June 2026 but at 4.5% it doesn't attract new shareholders as you can get that return without any risk elsewhere. We just need to get the deal across the line so we can afford pay a much larger dividend by the using up the Tax credits and that will lead to a much high share price. Its the amount of interest we have to pay each year that the problem

Agreed it does seem like the transformational deal hasn't gone to plan whatever it may have been.

Looking at Harbour's share price Linda's plan to counter the governments EPL robbery is now paying off. Some said she was to hasty with what she done but obviously she got it right and its working.

Where's ours ? Cos a few thousand barrels in Asia ain't going to cut the mustard neither is a few awards in the trophy cabinet

We are being left behind

Until the company do one or the other we are classed as a typical debt zombie and un-investable from the markets point of view.

Must be the longest negotiation on record!

The SP won’t go anywhere until we have the means to pay a proper dividend, no point with buybacks as they don’t work with low volumes as we have already seen in 2023/24

If we could pay a dividend at the same amount we pay in interest costs we will be sitting close to 60p

Could this be the transformational deal ?

We cannot make much of a dent to the net debt with current production at $70 oil we only have enough FCF to service the interest cost and the EPL and that's why our SP is what it is.

I'm not looking forward to the half year results

We won’t be going anywhere unless we get a big rise in oil prices, pay down the expensive debt or we add another 10k uk production

Doing nothing is causing us damage

We are well into the 3rd 1/4 of the year and we’ve stood still - it’s not good enough!

Where’s this transformational deal ?

I don’t blame investors for giving up.

The market isn't interested in a 4'5% return as the banks provide that without any risk so in order for us to attract investors we have to offer a much higher reward that's worth the risk and the only way we can do that is to pay off a big chunk of the expensive debt or buy UK producing assets making use of the tax credits we have.

At the moment we've done neither so the cash in the bank is doing nothing but depreciate and all we are doing is paying the interest on the debt and handing the rest over to the government.

The board needs to hurry up and do one or the other cos its costing us $70m a year to do nothing