Member Info for Krakenoil

Planning a return to Dividend payments would be well received by the market but first things first focusing on reducing debt to a manageable level if we have to weather the storm again with low oil prices. Enq being Relatively Risk free would be fantastic, but that’s at least 2 years away if we get average oil prices at $70

bloody phone EEERRR Heard

WTF ! How do you attract large Investors with paying a Dividend then ? Never herd such rubbish

Should be the start of the inventory Draw downs, will we see $80 oil next Month ?

Low volume again this morning, should pick up later this morning as oil climbing back up

Bit like saying Man City didn’t win the league as all the other teams points add up to more than City’s so technically they won. Give it up FFS !

Money making

Paying a Dividend can’t realistically happen until 2021, but needs to be announced at next years AGM. Debt reduction this year and next, then concentrate on our next asset purchase along with Dividend payments, that should give the SP a huge lift.

Only got the headline

At least Brent having a good go at the bounce. Another drop in the rig count takes it down to the lowest level in a year.

I must say well done to Epiphany your posts have been outstanding of late. Very impressive indeed.
I would say if your reading this board and are a new investor to EnQuest or thinking of investing in EnQuest then you must read Epiphany posts.

I dont usually congratulate people on these forums but I have to make a exception.

Epip - No getting a big head !

$68.7

Thanks for that Romaron, resorting to playground potty mouth. That just about sums you up doesn’t it. I take it you we’re that posh, smartly dressed kid at school who thought he was a cut above the rest but unfortunately got bullied by the scruffy hard nuts. Let me remind You, you ain’t a cut above the rest and not once have I insulted you. I hold well over a million shares here and yes I do get upset and frustrated....(My hard earned) so what ! I chose not to attend today as we are not in the position I hoped we would be. The questions I wanted to ask weren’t appropriate for our current position. I went into work and tried my best not to let today’s sell off make todays frustration any worse. Runkare !

Would have been nice to have seen how the market would have reacted to the update if oil had held its own today, This is the second or third time we have suffered a tanking oil price on the same day of news. Blimey When will this ever turn positive for Enq ?

By Informing the market that we have reduced our net debt by 50m dollars we have dropped our market cap by 50m quid !
Strange days !

Only problem being the bloody FSPO keeps on breaking down

Thought you sold out yesterday ?

Epip So are you not even slightly annoyed or disappointed with our update this morning ?

Now dropped more than Enq after Enq had a poor Trading update this morning ! Strange

Brent now rolling over to add to that