Member Info for Krakenoil

Jeffrey we won’t be getting our 30p back unless we can pay a good dividend and that can’t happen unless we increase production massively and how do we do that without taking on more expensive debt?

So why can’t the combined company do it ? #SQZ are undervalued as well.

Both companies will gain from this deal and it will put us in the FTSE250

We don’t have many other options out there.

Sold down the river ! Lol

What you going on about ? No one knows what the details are yet

Sold down the river ! Lol

What you going on about ? No one knows what the details are yet

Looking at our options if this deals does complete.

I would say is transformational for both EnQuest and Serica.

I wasn’t that keen on it to start with but now I’m excited

I doubt we’ll get the details on what’s been offered until late next week.

Certainly gives a bit of time for the price to gain more traction.

Tomorrow should be interesting now the market has had the weekend to look at the potential

Neither looking for a life belt ffs but both trying to manoeuvre around the EPL robbery and pay shareholders a larger slice of the gross profit resulting in a hight Mcap

Let’s not forget it’s Serica that’s initiated this deal not the other way around

Let’s be honest if the deal doesn’t add material value to EnQuest shareholders then there won’t be a deal

In 2027 or before EnQuest could also be debt free.

We aren’t to far away from unlocking a big increase to shareholder value and large dividends.

Any deal has to add more value than waiting 2 years.

Dennis please can you enlighten me on the terrible decisions AB has made over the years ? He steered the ship through very choppy waters over the past 9 years and managed to pay down $1.2b in debt whilst doing it.

Also Has massive skin in the game

I’m not sure this deal is right for us. The value of BB the EnQuest producer and SVT plus our expertise in decommissioning have a value the market hasn’t credited us for. We have a net debt that is falling fast, liquidity that gives us good options and Tax credits that give us the advantage over full tax payers in the U.K.

we don’t need to rush into anything and we certainly don’t need to accept any deal that won’t transform shareholder value.

Let’s see what they are offering we can always laugh it off

I wonder if any news will leak over the weekend?

Could there be another interested party with eyes on EnQ ?

There’s the confirmation from EnQ

Let’s not forget the BB tax credits that will soon be unlocked.

That’s what I mean by 20p per share valuation of the split between the two companies.

We hold all the cards to unlocking the value of both companies so a 50/50 or near as split is fair

I consider any offer under 20p a low ball

Are we going to get low balled !

Let’s hope AB doesn’t throw in the towel and accept a offer that screws us shareholders

HBR UK assets are causing Linda a massive headache and holding the company back from making significant improvements to the balance sheet.

Does she ditch them ASAP or gamble on a government easing on the EPL ?

Tough one !

Does she do a magnus type of deal with us ?

Results for 2024 Not a great read, effective UK TAX rate of 108%

making a loss of $93m

wont be anything left to tax come 2030.

thick as pigs **** the lot of em