Member Info for Krakenoil

Financial Times -

Government could force pension funds to invest more in UK assets !

If we didn't have tax changes every year in the UK they probably would be already.

Drop the windfall tax and allow pension funds to invest in our North sea again.

I honestly cannot believe what Labour have done since getting the keys to number 10

It’s really is unbelievable

Proper Shocking

Https://www.dailymail.co.uk/debate/article-14087709/ANDREW-NEIL-Starmer-climate-change.html

Jefferies dropped its target to 14p from 17p due to Labour increasing the EPL rate just before our September update.

Two Tier Kier

Value of the pound falling.

Debt climbing

Unemployment rising

Growth falling

Living standards falling

Manufacturing falling

Inflation rising again

Borrowing rates rising

Illegal immigration rising

Crime numbers rising.

Two tier Policing

Two tier Judicial systems

Mental health rising

Labour are doing a fantastic job of wrecking the country within such a short amount of time.

They could always blame the Tories and Brexit for it I suppose

Pete You do realise there are market rules and restrictions in place for buybacks. We have a very low average daily trading volume that's stopping ML from buying more shares

I suggest you look up the FCA rules on buybacks

Blimey it’s 8.17 and we haven’t had an opening trade yet.

Must be a record

Stevo just wanted to clarify that current (net) costs of the Kraken lease to us is currently $115,161,150 per year. or $315,510 per day

From the first of April 2025 this drops to $35,989,365 per year or $98,601 per day (net) to us

So next year total Lease cost (Net) to us is $55,511,175

A Saving of $59,649,975 for next year.

Quite a saving over this year

If you don’t have any faith in him why the hell are you invested?

At the AGM AB said this transformational deal could land within 6 weeks or 6 months maybe he shouldn't have given a time frame.

Doesn't really matter as in 4 years time Labour will be booted out anyway and all this stupidity will be reversed.

Just agreed to cut the UK emissions by 81% by 2035

So the windfall tax on just the oil and Gas producers, the end of our steel production, the Scottish refinery closure, the tax raid on farming, the ban on Gas boilers and the Ulez have really been put in place for the above.

Instead of all the lies and deceit why don't they just come out and tell us straight what they have signed us up for.

C#nts

ML still has £5,750,000 to use up before the end of the year

It’s taken just over 6 months for them to spend the same amount on buybacks.

Reform are the only party that have stated they will remove the unfair windfall Tax (EPL) and push for more UK Energy independence/Production.

Two people I know were made redundant yesterday.

Both part of big departments that have now been shut down due to the Labour Budget. The increase in staff costs now making it unsustainable so both being shipped out to India.

How many more facing the chop from the actions of this stupid Government.

Did they not think about where the extra money is going to come from to support higher staff cost for the private sector ?

Or did they just say Fcuk Em

A Trump wins what does that do to oil prices

Stevo I totally disagree with that comment about the future savings being priced in to our current market cap.

I expect our SP to slowly increase over the next 6 months and if the company can pay a dividend in 2025 after whatever deal is due to land then I expect the SP to reflect that as well.

A £50m dividend could be easily achieved next year reflecting a market cap of at least £500m

We don’t want a merger

Magnus type of deals are perfect

Opec will continue with agreed cuts through December