Member Info for Krakenoil

Also with GE we are not the operator and that’s frustrated AB no end.

The BOD believe GE would be turned around if we were operating the field.

Stevo doesn’t usually get it wrong but if he’s sold out into the rise !!!

Did you mean 12 BTF ? lol

We always rise well on the second day after good news.

See how the market reacts today

Hi Ron,

Not a great internet connection over here so been a slow read in the sun today for me.

The SP was telling a different story of what info I was looking at.

Now I’ve read through it all it seems not too bad at all.

My anxiety going into today has gone now and I’m off for a celebration beer.

Lots to discuss going forward

The next 12 months is looking much better

Now let’s get this transformational deal over the line

We must be looking at Magnus type of deals or extremely cheap producing assets

Would it now be better to have a gross profit level that uses up the Tax credits over the next 5 years or do we target assets that could use them up quicker enabling us to pay down debt faster but end up using up the tax credits before the EPL expires and pay the full 78% tax ? Rock and hard place

Either way we are in a better position than most

There’s always the spring budget to look forward to lol

I’m sure you’ll get another chance before the budget

With all these assets up for sale, who is going to buy them ?

Could always do a BP type of profit share deal with us

Bloody hope we don’t have to wait that long to see 30p again, I’m hoping to see 30p this time next year

AB’s average is a lot higher than that

Https://www.youtube.com/watch?v=tZpr7jLDZvs

They cover EnQuest from 41.10

Inflation down to 1.7% oil prices down to 5 year averages, So how can Labour justify a windfall tax on oil companies let alone raise it ?

Ron is still with all of us patiently waiting for EnQuest to announce this deal. Nothing else to say is there apart from the uncertainty of Labours damaging budget in 2 weeks time.

EnQuest getting on with business as usual.

Https://www.theguardian.com/us-news/2024/oct/04/exported-liquefied-natural-gas-coal-study

Was it worth it ? Just £6500 worth lol

The market is currently valuing us with no SH returns, no debt reduction due to low oil prices and high BE costs and a worthless asset portfolio all down to our MP's WFT robbery, change either one of these and our SP will rise fast

Let’s hope so

For the reasons we have all been discussing over the years and the fact the AB puts his money where his mouth is.

Our debt reduction from $1.8b to $321m during a period of low oil prices was remarkable, I have no doubt he will succeed in turning this company into a top 4 UK producer increasing the MC to a £1b plus company before he retires.

I have faith in him and his team to returning shareholder value

If Labour do ease the windfall tax we will be one of the fastest risers

Your lucky Jeff I'm down double that

Labour !

If we carry on sliding. Stupid phone