Member Info for Krakenoil

It wouldn't surprise me if they change their mind at the last min from the new agreed mechanism and increase the EPL percentage to 100% from $95 and above and say we will allow you to offset investment against profits under $95

Profit it would save approximately £15m per year using the gas cap

Could you imagine what Linda Cooks response would be lol

Basically we sell to the highest bidder so from the info available it’s at the top end of Dated Brent

Habour would leave immediately then the rest would have no choice either, it would be the final nail in the coffin and most likely would leave the government the decommissioning costs

They would all leave the U.K. if they tried to do something like that

Bottom line is if this current blockade continues and dated Brent stays where it is now for 6 months we will have trousered enough FCF add that to the pot we already have and we can effectively pay off the debt

This current oil price is transformational for EnQuest

Only part of the production is hedged if that’s what you mean

Dated Brent this morning $132

Kraken oil $140 -$150

And we are 18p lol

Probably something to do with this :

CHINA IS VERY HAPPY THAT I AM PERMANENTLY OPENING THE STRAIT OF HORMUZ. I AM DOING IT FOR THEM, ALSO - AND THE WORLD. THIS SITUATION WILL NEVER HAPPEN AGAIN. THEY HAVE AGREED NOT TO SEND WEAPONS TO IRAN. PRESIDENT XI WILL GIVE ME A BIG, FAT, HUG WHEN I GET THERE IN A FEW WEEKS. WE ARE WORKING TOGETHER SMARTLY, AND VERY WELL! DOESN’T THAT BEAT FIGHTING??? BUT REMEMBER, WE ARE VERY GOOD AT FIGHTING, IF WE HAVE TO - FAR BETTER THAN ANYONE ELSE!!! PRESIDENT DJT

Dated Brent selling at $132 a barrel today yet the paper price is $95 and we are struggling to hold 19p

Paper price is for June and priced as if the war is very close to ending and ports to open up quickly and return to normal loadings but in reality ports will take quite a time to return to normal (you can't just flick a switch) and the tankers jump back into their normal patterns

Who would have thought that 12m barrels shut in and off the market wouldn't be classed as a supply shock and how long can the oil price be manipulated with shorting overwhelming longs

Back then oil was classed as black Gold, its now classed as a environmental destroyer.

I honestly don’t understand why we have such a poor market value

It 2022 our SP was trading mid to high 30’s with oil prices nowhere near the highs we are selling at now I know we have EPL to pay but our net debt is lower and our balance sheet is far stronger

Couldn't have timed it any better, The market is yet to understand how good that deal was.

I still can't get my head around our SEA production and how we are taxed/royalties are calculated specially when our hedging covers that as well.

BTF put the mockers on the SP again

If Drax power station burned our Coal instead of the imported wood pellets the emissions would actually be far less.

Miliband won't tell you that either !

Just like Covid lockdown oil prices went negative on paper but not a single barrel was sold anywhere near that

What I don’t understand is why the paper Brent oil price is just over 100 bucks but Brent oil is actually selling around 140

The strait is closed and the market has lost 16m barrels from it but still the paper price is far lower than when Russia invaded Ukraine when the market lost almost zero barrels

If the EPL was removed or the new mechanism put in place of it we would be 50p plus