Member Info for Krakenoil

Positive news !! Didn’t you see the RNS yesterday then ?

Today was always going to be a little subdued due to recession fears all over the news, I think we are in for a good few weeks providing oil prices don't tumble

Breakout must be on the cards after that update

Stevo - Shocked and please with your comments, bit positive for you lol

Stumpy I'm now sure how the market can ignore the cash in hand, steady production and the debt reduction from here. The Mcap will have to reflect this soon as fundamentals always balance out in the end.

Next year looks transformational with the K lease dropping so much and the new wells being drilled.

Looks like we will have another partner for Bressay soon.

Bressay will get the green light this year and I believe they will begin work on the field soon after

Should get a few positive broker notes popping up now.

They can't spin this update around

Enquest shares are so cheap your basically buying 2 for 1

The market should like that update

Stevo - If they do drop the WFT it certainly will be a fun few weeks afterwards

Crude 12.02MM, Exp. +3.35MM

Distillates -1.915MM

Gasoline -3.658MM

Cushing +710K

Production 13.3MMb/d

Without the EPL ever being enforced or threatened our SP would already be 60p plus

BTF I can’t remember a TU where we haven’t fallen significantly on open.

Even on the good news we get sold off.

I’ve given up hope to be honest until the EPL is modified in our favour.

Well surely he has made a windfall then and should be subject to a permanent windfall tax, let’s say 78% of the £75 and while we are at it maybe all shops and the supermarkets should be taxed the same as they do make a windfall before and during the Christmas period.

I can’t believe the North Sea industry isn’t screaming blue murder right now. The public brainwashing from our government has been and still is made up of lies and propaganda. Why isn’t the industry coming out with a proper fight. It’s like this government ignored the horror of the Russian invasion and used it as a weapon against our own North Sea as if it was them who invaded Ukraine for the sole purpose of massively profits

When I talk to my friends and family members they all believe what the government told them - the oil and gas producers are profiteering massively with mega high oil and gas prices. I just reply and say so why are countries without their own oil and gas reserves paying half of what we do for gas and electricity then ? As you say our oil and gas is sold on the open market to the highest bidder and we don’t see any of it. Have a think about it.

So it looks like we got demoted from the small cap index yesterday. That probably explained the high volume along with the sudden drop.

They have been steadily increasing over the years, they had 3.9% December 22 now 6%

They see value here

Why hasn’t this been released on LSE ?

Someone showing confidence

Someone is playing with us at the moment and to be honest that must be quite easily done on low volume to introduce a bit of panic.

As we have seen a number of times before the SP can jump up rapidly.

I’m not to bothered and I’ll ignore the short term moves, wish I had traded it but hay ho if I had sold a chunk the price would have jumped straight after and I would be even more annoyed. I bought the dips over the past few months and I hope at some stage that will proven to be a winner.

I have faith in AB to produce Shareholder value, show me another CEO putting their money where their mouth is like he has and I’d invest in that as well.

If we can maintain production this year, pay off a big chunk of the debt then we will be positioned well to cope with a hostile Labour government. I’m just waiting for the public to start the fight back on all these communist policies and Labour U turns.

The Tories need to step it up

I see the Kent farmer were protesting yesterday and this will grow up and down the country, people have had enough of being pushed and pushed by our politicians

Things are changing fast and rage is starting to take over.

Looks like the Tories have a plan of letting Labour shoot themselves in both feet.

If the Tories have half a brain cell between them they will realise pushing ridiculous policy targets on people to fast is a step too far.

Labour have made a rod for their own back

Stevo, Your comments regarding Bressay and Bentley are wrong, Both Bressay and Bentley are already captured under existing licences. So once we can land a economic development concept and get it approved by the regulator we can absolutely move forward with both projects. Labour are talking about "No new licences "and that relates to exploration Such as the recent 33rd round. So it doesn't impact any of our current strategy.

With the potential extension of the EPL it would negatively impact the sector but could be a positive for anyone like us holding TAX credits as we would be better placed to take advantage of any operators leaving the basin though acquisitions

I think we are sitting in a pretty good position

We need to buy a few tractors and copy the French farmers. I’d happily spray cow sh ite all over Westminster and the idiots in Orange

He needs to stop illegal immigration and come out with the truth over net zero costs

Get a grip on the amount of crime we have

Labour could easily make a mess of it