RE: NO - ponzi17 Jan 2019 11:09
Mrgekko I do believe at some point this will swing around and our SP will reach 60p I would love to say this year but I don't think that's possible unless we see Brent towards $90, Yes we have had problems but remember we have farmed out 20 percent of K and moved half our eggs into Magnus, So reducing the risk was a very shroud move, Enq had to move fast to get the deal done as the oil prices were dropping, Yes we are under water with the RI but we bought a asset worth much more than we paid for it and is a much proven one as well that wont cause us and problems, Kraken will get there at some stage, 40k is fine as the oil hasn't gone anywhere just takes longer to get out.
Driving season will soon arrive and hopefully Trumpet can shake hands with China soon.
Look at the Enq charts, it go's up as fast as it drops.