Member Info for Krakenoil

9am

And I don’t think Barclays have been more right that wrong and I don’t believe we are sitting at fair value ! In 2016 when the company had to raise with the OO we were on our knees and the SP reflected that, oil was in the low 40’s ! Now we are in a far better position and the SP is about the same ! So no way do I believe we are fair value ! Fair value would in my view be around 55 - 60p ! Say what you want but you do like to post negative posts ! Strange for someone who says they are invested don’t you think ?

Romaron when I said Brent just fell off a cliff, I made that comment at 3.30pm - Brent dropped from 75.6 to 74.5 in under 30 seconds ! How would you describe that ! As you are so negative towards the company may I ask why your invested ? Sounds like you need to move on !

What’s all the talk of ukog delisting on Twitter then? Someone stirring it up again ?

Romaron, why on earth would I be happy when things are not going well ? I have been invested in Enq since early 2015 ! I hold a considerable stock ( To much to be honest) its my frustration towards the stock that gets the better of me sometimes! We are producing the highest rates we have ever done, the oil price is at $75, debt reduction and our SP is up a measly 4% in a year from when oil was $54 ! Our piers have doubled there mcaps in the same period of time ! I see the great potential as it’s in front of us. I topped up £43k worth the day after the AGM as I thought we were going to bounce as surly we cannot be this cheap ! But the market still doesn’t reward Enq, I am frustrating waiting for the market to value the company fairly! At the moment we are nowhere near a fair value! Do you agree ?

Evening DD good to hear from you ! Looking like oil is trying to rise again after this afternoons so called Build ! I don’t personally believe any of it !

Will the oil price shrug off the build/lies what ever we want to call it ?

And the yanks want OPEC to pump more oil !! WTF This is the time that the oil inventory's should be dropping ! We haven't seen any real drops for weeks now

Brent just fell off a cliff

And Brent Climbed 60% from this time last year !

Auson, If you over lap PMO and Enq over the last year PMO share price has climbed 107% ENQ Climbed 4% Not really the same is it !

I will relax when the manipulation is nipped in the bud, maybe in October when we pay another chunk of the debt off we see the SP stabilise and the Brokers start looking at Enq as a growth company and not a shat AIM Stock as we are being perceived

Ha Ha Ha ! Made my chuckle that Jan. We all know the fundermentals look good but as Chilting says we do need a much different aproach to our current PR ! Not even a word when the Armada left port, nothing on first oil ! I thought that was terrible to not inform shareholders of our biggest ever investment has just produced its first oil ! At least PMO put pictures up on Twitter of Catcher when it left port heading for the North sea, Same again on first oil Bla Bla Bla, Same as Tullow do with there assets and news, it Keeps people intrested !

Jan my frustration is the fact that the company allow that to happen making Enq appear un investable. The ease to manipulate the Value of the company should not be in other companies hands.

Anyone else getting the feeling something isn't right ? We are not responding to any upward rise in oil price any longer but we drop much more percentage wise when oil drops. Making me nervous !

How nice would it be to see the company promoting itself like we promote it on here ! Fundamentals are there and the world need to know ! Come on shout it from the roof tops !

I have solved my confusion and wasted time with the AB - Double A share holding. They are basically one and the same. P 83 of the 2017 Report under Statement of Director's shareholdings and share interests: 'Amjad Bseisu 103,258,316(2) (2) 103,141,033 shares are held by Double A Limited, a discretionary trust in which the extended family of Amjad Bseisu has a beneficial interest. The remaining 117,283 shares are held by Amjad Bseisu directly.' I actually hold more shares than AB by one measurement (the 117,283) but throw in the unvested/vested etc. and AB's holding could be 116,135,028. The Bseisu's benefit more than anybody if Enquest is a success. Jonathan Swinney holds a potential total of 8,334,479. Most posters don't seem to be interested in the Directors holdings but I feel a more holistic approach can be revealing. There is an interesting graph on the same page that shows Enquest performing in line with the FTSE AIM All-Share - Oil & Gas and only really outperforming between (roughly) June 2012 - May 2014. The collapse of oil was like hitting a brick wall. It would be nice to get back on track. We had broken free of AIM all share Oil/Gas levels but now we are lumped in with them. Therein lies our problem and it is cheap of the management to make them our peers. We aren't an AIM share and it concerns me that the management wish to use the comparison of under achievers. 'The FTSE AIM All-Share Oil & Gas has been selected for this comparison as it is the index whose constituents most closely reflect the size and activities of EnQuest.' If the management think we are like an AIM share then no wonder the analysts do the same!

I assume you have emailed the company the squif ? We all need to keep on until they actually do move forward and start promoting the company

January, yesterday Iran gave the middle finger to the US with that statement ! Don’t think Trump will stand for that even if if the EU try to hold the deal together! Iran want a fight and Trump being the Bully he is will take up that offer !

Auson I think the current share is undervalued by 25p to be quite honest !