Member Info for Krakenoil

Afternoon Jan, so do I, yearly Dividend would be fantastic and is what my goal is

He can’t takeover the company without a offer ! That offer would have to be north of 36p to be considered, most of our major shareholders have averages higher than 50p so I’m not sure they would agree

Don’t forget what AB quoted ‘As we pay down the debt it should add the same amount to our Mcap’
$30 per month - maybe the market has woken up

We might actually get our 60p party this year, long overdue

No pump and dump here, just the start of a return to fair value, see you at 34p. A few more repairer spikes on the way ;-D

First repairer spike in a very long time, very well received and long overdue, looking forward to a lot more in the coming weeks. If 23.5p goes then we are going straight back to pre RI of 34p. Then we can start adding the Magnus and Kraken value to our Mcap as both have never been priced in ! Then add the Debt reductions to that ...... 60p party back on track

our production rates will be around 73k average for 2020, that’s fine by me..... Can’t wait for Moody’s update

Brent at $68 - Triggering demand for the stock, if 23.5p goes over the next few days then defo re-rate time

$68 Brent back in 2017 was the trigger that sent our SP from 20p to 36p.
We are almost at $68 Brent !
Buckle up lads lol

Looks like hook up is complete.

Merry Christmas to you all and let’s hope for a great new year !

2020 is our Year x

We should be adding around £30m to our Mcap every month ! Where’s our 2p then ?

UT drops us 2.4% WTF.

Is this a wind up ?

Speaking to IR last year it was the companies aim to reduce the risk at Kraken, don't want all our eggs in one basket ! It may well be why we haven't re-rated yet. Obviously if we start acquiring further producing assets like Malaysia and our debt falls away our risk exposure gets lower and lower.
Next year looks very good - First big year for EnQuest to flex its muscles

What we really want is a portfolio of producing assets that If one were to go down it doesn't put us in danger of liquidation, A farm out of Kraken would be fantastic if we could use the cash to buy another magnus type deal. The risk factor for potential new investors would be minimal, the analysts would see that as a great move and they would increase target prices towards 80p

Kraken had a 3 year plateau rate (50k)forecast before decline set in, we have only had about 8 month of near plateau production (40-45k) rates since production began so we are far from the field rate declining.

We shouldn't be looking at the amount of gas we supply as currently it so small its not worth bringing into the equation.
Focus on just the oil produced.

I got bored waiting for Enq to open, so I bought 50 shares lol

Every dollar is worth about $25m a year !