Member Info for Krakenoil

Cairns update has removed £50m from our Mcap already. Same old ****te

Hitman you’ve changed your tune of late, kraken has at least 3 years of plateau production before decline takes hold, kraken hasn’t been running at 50k average as confirmed. So decline rates not a factor for this year.

Therapist where do you see net net at end of 2019 ?

Today wasn't what we have been used to, don't want too much of that do we.

Excuse me for asking hitman, But have you been smoking the weed again ?

Every time Cairn opens their mouth regarding Kraken it smashes our SP.

Bit much now. Oversold territory again

I hope we can hold 29p today but its looking unlikely. Let the profiteers move out and the fresh blood move in.

They didn’t give much away, nor write the reserves back on, but they did give a much more positive view along with the oil selling at a premium over Brent

This is the North Sea, rough as hell for most of the year, Offloading in conditions like we are seeing is perfectly fine.

Making her approach now, possible hook up around 7am, oil up this morning as well

Makes you wonder why she’s moves so far away why waiting

We won’t hear anything regarding dividend payments until we are under £1b debt and that debt would need to be re-financed at a lower interest rate or we see oil prices close to $100 and that ain’t happening anytime soon.
Possibly when we get 2021 results announced is my guess.
Let’s focus on our 60p party first as that is likely end of this year. One step at a time

No gap at 23,24p to fill, there is one above 55p

Can’t bloody wait ! What a great night it will be as well. Finally get to put faces to posters

28.72p

Another great finish

With the EIA forecasting average Brent price of $64.50 for 2020 and $67.00 for 2021 along with Shale slow down it turns the risk factor upside down to somewhat a safe bet. And we are still way undervalued. I wouldn't be surprised if we are booking our party this year.

What a great finish 27,74

Tullow - Something stinks to be honest, its got the same feel about it that Afren had before news broke of the Director Fraud that led to the collapse of the company.