Member Info for Krakenoil

AS has done a 180 turn and is heading back towards k

And they have made it clear when they downgraded the k reserves it was just estimated

We are particularly pleased with the performance of Catcher, which is operating ahead of our expectations and where operating efficiency is excellent. While we have reduced our reserve estimates for Kraken, we know what needs to be done to improve the performance of the field and we are working with the operator on several initiatives designed to increase the productivity of the assets on a sustainable basis.

Major shareholders own 47% of Enq, hope that increases this year.

I think we have now turned a corner, no skeletons in the closet, everything is now on the table just need the oil price to climb, k to hold 45k and we should start to climb nicely, AGM should confirm we are on track

Same as that DD ! No more complex deals. Just focus on k fixed, our Mcap and the debt pile over the next 18 months. Slow and steady rise please, AB can start looking at more assets once we’ve had our 60p party lol

I wonder if AB is trying to do another deal with BP for part of the Clair field ? Wouldn’t put it past him, would explain the involvement with SVT otherwise what was the point of it ?

Numis - whoever they are ! Reported now have us under review

This next update for us is key. The market is valuating us as unable to lower debt at current oil prices. Like PMO we must show the debt level has fallen from the end of last year.

CNE also having a good day, their update is tomorrow I believe so that should give us some sort of insight on K. Fingers crossed

That’s a better reaction than the last few RNS’s, maybe these silly day traders have seen the light

How was I deramping ? I was having a dig at the stupid day traders selling on news !

No what i meant was we could have the greatest news in years and all the day traders here would sell out straight away as the always do allowing the mm the drop the price, then as usual walk it straight back up and panic those sellers into thinking they made a mistake and jumping back in but at a higher price. Happens every time with Pmo ! But in reality the sp should go straight up on today’s news

Nothing great but debt reduction on target. Everyone to sell out this morning as per usual, then watch as the mm lifts the price so all those sellers can panic buy again at a higher price !

Squif I will be at the AGM next week and yes I will be asking the question

My sincere condolences Jan, nothing worse than a death of a loved one. Thoughts and prayers for you and your family.

Almost back over 72bucks and we are still in the red. Lol

Hi Jan, yes either tomorrow or Friday I believe. Same as Pmo

Utter madness, I do hope AB makes it clear where he wants the company to be in 5 years from now, Cannot have this politician question time where they swerve answering questions decisively. He has to give a clear vision and make it clear how the company will return shareholder value. Dividend payment have to be part of future growth and attractive towards new investors. Long term shareholders have suffered badly and must be rewarded for that loyalty, This has to be high up the list of priority's as without them this company would have gone to the wall.

Large sell bang on 11am, Someone run out of patience ? Was that you Squif ?