Member Info for Krakenoil

Bit of a coincidence that very bullish oil news comes out the same time that the troll disappears ! The same thing happened in 2017 just before the SP climbed fast. He was obviously trying to hold down the price while his employers were accumulating stock. Dirty Tricks

Or unless his work has been done and whoever he is working for has filled their buy order at the current target price !

Looks like Minerb has been banned ! I think this mornings pack of lies has been his downfall !
Good riddance !

Only way to rid this paid deramping liar is for everyone to report every single one of his posts.

Well Barclays has started to increase its Targets today, next moths one will probably be 36p ! Let’s see if RBC can wipe the egg off their faces and admit a silly mistake and give Enq a upgrade !

Maybe Barclays want to try their luck and buy stock under 18p like our desperate Troll does. Oil looks ready to move up out of thee current range we have. $65 -$68 end of the month

I would say Kraken is creeping towards 40k now ;-)

At least !

Closed at 18.48 ! At lease we didn't finish in the red

So if we can average 70k this year with a realised oil price of $63 then we will pay off at least the equivalent of our current market cap from the Debt ! So end of year the Market should value us about 36p at least !

Its the capex that's what we need to look at. Romaron is spot on, not exactly a company in distress is it ! Everything getting plenty of love this year. Far from 2017 when everything was being thrown at Kraken and all other producers left to fend for themselves.

If we can finish 2019 with our debt under $1.5b and production at 70k then it will be a great year.

2019
Opex approx. $27/b
Capex $600m

Production 63.000bopd at $63 doesnt leave alot in the tank does it, approx. $220m But higher oil prices and or higher production does.

We just need Brexit out the way and Trumpet to make a deal with China and I think oil will respond very well. Brexit the unknown is the worst uncertainty the markets can have. Just get it done either way

Bit risky but by the looks of it, hook up had to happen this morning as AK running out out storage.

Hi Guys, didn’t mean to sound sharp as it was aimed at our trolls. Please email IR as to why we didn’t hedge at higher prices, I’m sure Ian will explain.

Show me just 1 oil company that was able to hedge above $80 ? Who in there right mind would take that bet ! I bet most oillies we’re scrambling trying to find someone that would take that on ! Enq probably couldn’t get a higher hedge in place than we have now. AB ain’t bloody stupid ffs !

Should start seeing inventories start dropping in March and pushing up oil prices, Hopefully a change of settlement with it, but we might have to wait for Brexit for that.

If they did try and take action against Opec then surely Opec would just say OK we wont cut but we have have a number of issues on production at the moment ! How on Earth can the US police it !! Impossible

Jan, Based on Brent Averaging $63 and production at the low end I calculate total earnings of $1.5b as well. So if we do see higher oil prices during the year then we could pay a huge chunk of Debt this year.

Currently approx. 90 miles south east of Kraken. Hook up tomorrow morning.