Member Info for Krakenoil

Bumi had better build 10 of them then !

MO I must say it’s great to have you back, please keep it up. I’m keeping my eye ball on Amundsen spirit

Hi MO You probably bang on but can the crappie boat handle it ? That’s the problem

Share buy back and dividend payments won’t happen until Debt levels are around or under a billion dollars less than we have at the moment so no point talking about it.

There is light at the end of the tunnel but we never get any closer to it even from crawling to walking to running ! Enq is just hated by the market for some reason ! I read another story printed this morning about the trading update that just highlighted the poor performance from Kraken, skipped the fact of production had grown and debt reduced. Will this ever change ?

I just don’t know why we haven’t moved after that update ! We have hardly any off book volume! (Pi’s) We are just being moved about by the MM and the algorithmic trades and until that changes we are stuck

EIA Inventories: Crude: +1.263 Mb Gasoline: +0.513 Mb Distillate: -2.257 Mb Cushing: +1.441 Mb Production: 11.9 Mb/d Total Demand: +1023 Kb/d (21.838 Mb/d) Total Petroleum Inventories: -3.4 Mb

Well that's not what I would have expected after yesterdays OU

E where do you honestly see our Mcap later this year if we manage to hold $70 Brent from Q2

E that’s what I remember! I was sure there was also something in the 2017 results. As you say this must be poleaxing Bumi’s profit

Hi Pelle yes I’m going to have to ask the question, surely if the FPSO is underperforming then surely we don’t pay the full lease cost ! Why should we pay for something that cannot do the job required? This is the only hurdle we have now and considering heavy oil is sold at a premium to Brent then we need production near the 50k expected, maybe Bumi had better build another one and swop it over lol

Can anyone remember reading the contract between Enq and Bumi for the Armada Kraken? I’m want to find the part that covered poor performance from the FPSO ! I’m sure it covered compensation from Bumi and I’m sure all repairs are paid for by Bumi

Bang on Ammu 19.4

Lets see where the UT trade will close us out.

Chilt this has been going on for weeks now, even before AB made his last purchase. It’s only Enq I’ve seen this sort of thing going on !

98% of the Trades going through are these tiny algo trades, we still haven’t encouraged new Pi’s yet, but tomorrow could be a better day once the news filters out, Brokers will have to move towards a more positive rating that they currently have. Bloody annoying though! Both Tullow and Genel having a better day than we are, but the stupid saying “Sell on news” now holds down most updates good or bad !

Is that in preparation for the holiday paid from the oncoming profits heardy
Good luck too ya...….. You didn't bump into Lse2000 in there by any chance lol

White I sold about £100k worth in May last year, used it to trade Pmo and a few other AIM stocks, then sold half of that before the oil price crash, so yes I'm still underwater but thankfully I did as its enabled me to buy the same amount of shares back for half the cost. Badly Underwater with PMO, still underwater here but not far away now. I always remembered MO taken some off the table and being able to buy back in much cheaper. Glad I did.

Just bought another 58644 shares.
Broker upgrades coming.

We just need a few broker upgrades now, surely RBC and Barclays will have to issue new ones in the coming days.