Member Info for Krakenoil

Tullow still tramping onwards and upwards.

sorry gross profit !

Every $5 the oil price rises gives Enq another $105m in profit per year ! And it’s making Kraken more valuable!

Not too long before we get the confirmation of Kraken being signed off. Acceptance is weighing down on our sp at the moment, we have a lot of making up to do. It this oil price rise happened in 2016 our sp would be around 70 -80p settlement certainly lacks in the sector, but that’s starting to change, the rising oil price cannot be ignored for to much longer !

And your moaning !! Couldn’t make it up !

who's not making money iffy squiffy ? DId you buy in over 40p ? Or was it 50p ? Maybe it was over a quid ! or you just a disgruntled loser !

Enq falling behind on the charts compared with the other mid cappers such as Tullow and PMO, so that makes for a dam good buy !! Catch up coming ! More logs on the fire please AB

Mind you I’ll take 5% a day ;-)

Come on Enq give us a repairer spike .......pleeeeeesssssseeee xxx

Something holding this coiled spring down lol

Estimated gross Kraken capex cost is $2.4billion (EnQuest has a 70.5% working interest) Opex per barrel excluding the FPSO c.$5/bbl in the early peak years, or c.$20/bbl over the life of the field. These numbers will probably be slightly lower now due to the impact of weaker sterling since they were published. The FPSO will be treated as a finance lease and it it equates to c.$10/bbl - so it would appear as a finance charge if that is what you were referring to vis a vis 'interest payments'. If you were referring to EnQuest's financing costs then it would depend on which part of the funding in place was being considered - different rates apply to different parts - best source of that would be in the restructuring materials from last autumn - its all spelt out there - especially in the prospectus. And more generally financials re Kraken have of course been revisited in EnQuest publications repeatedly since the project was sanctioned but there are good summaries on the website from the time of the original sanction presentation (end of 2013) and the Operations Update presentation at the end of last year - although evidently some items have changed with the project capex in particular being 25% lower.

David if you email IR they will spell it out for you ! Its not difficult is it, its not poor form its there for everyone to see.

I see PMO have just received a rating from Barclays of 85p ! When are we likely to see a improvement with ours .

Bit strange Fernan, every time I’ve asked IR a question they answer it quickly, try emailing Ian wood. I had all the figures given to me in layman’s terms as well.

Crude Inventories: Crude: +1.758M Gasoline: +2.005M Distillates: -3.849M Cushing: +1.452M

I’m going to have a guess at -4m draw tonight

Also is the market being patient/nervous with the oil price at the moment as it may be another quick price spike due to the ME tensions! Could all blow over and drop the price back to the 67 range.

Yup that’s the problem at the moment, shorts have control

I think tomorrow could be the day for a repairer spike if we see a draw tonight !

At some point this will be unleashed! Just how long can it be held down ? Once we clear 30p again then we should head towards 40p quite quick.