Member Info for Krakenoil

Good AGM again the board interacted with everyone for longer than the other years.

A few points to discuss tomorrow

Sorry to Ron and Hitman I had to shoot off quick

EnQuest remains focused on delivering transformative growth within its North Sea business and is in ongoing discussions with multiple UK counter-parties.

Beyond this Enquest sees significant upside across its existing Asia portfolio and is in advanced discussions around a further new country entry

Spreading the risk

This government are hell bent on destroying the North sea, they obviously don't want the Tax income from it either.

Labour should be offering to supply the EU with oil and Gas rather than them buying it from Russia fuelling their war machine.

The stupidity is world leading

To make record high investment

https://t.co/A2WYd9sbsK

Nothing positive other than Magnus production at 22 levels

Still looking for a transformative deal

Bit more desperate to get the message across to the government this time a little too late to be honest

Net debt up

No talk of returns

Still no transformational growth

Proper dig at the government

How will the market react today ?

I’m going

Https://newspaper.mailplus.co.uk/data/6099/reader/reader.html?#!preferred/0/package/6099/pub/20812/page/18/content/989926

Https://worldoil.com/news/2025/5/23/trump-criticizes-uk-north-sea-tax-for-discouraging-drilling/

Investors not wanting to hold into the trading update on Tuesday or do we have a leak of bad news ?

Doesn’t fill me with confidence

Its all talk unfortunately. The market has given up proven by the total lack of daily volume and the sinking Mcap

I had high hopes for my investment here with Enquest, my wife calls me a idiot for holding on for so long. She says once a dog always a dog. I really want to prove her wrong but I'm not sure she will be.

I'm now worrying that Tuesdays update will be another blow and even more value will be wiped from my battered portfolio

It pains me to say it but maybe Stevo was right

I’m running out of patience with Enquest.

After the AGM I’m going to have to consider my options I know we’ve had terrible luck over the years and a poisonous government but this isn’t doing me any good.

Doesn’t seem to be much left out there to make use of our Tax credits and I can’t see what other options there are to call a Transformational deal.

If we plod along like we are we can’t pay much of a dividend if any and even if we had the cash in the bank we can’t pay off the debt until October 27

Times have changed and Debt is not your friend anymore.

Are we ever going to see shareholder value return or do we have to accept that this is reality and we’ve been left holding the baby ?

Did anyone watch the Serica web cast this morning.? Wondered if there was anything said about why the deal failed

The Serica update read well and the message to the government will fall on deaf ears as per usual but at least the industry is increasing the pressure.

Better late than never

Https://www.thisismoney.co.uk/money/markets/article-14731299/Windfall-tax-destroying-North-Sea-oil-threatening-growth-analysts-warn.html

Https://www.enquest.com/fileadmin/user_upload/46880_EnQuest_AR24_NoM_V6.pdf

I see this years AGM is at a different venue than the last few years.

Anyone else from this board going to attend apart from the few usual's ?

Farage all ready stated many times he would scrap the EPL immediately

Labour won’t listen to common sense

They don’t even look at what the local elections are telling them.