Member Info for Krakenoil

Make us very valuable with the amount of tax credits we have, he did say it would only be the majors that will have the WFT increased

Romaron things are moving forward. This was part of a reply to a few questions I needed to ask IR back in early November.

We continue to work with the NSTA to try to unlock a development concept that works at Bressay, with Bentley seen as a longer-term option. We have made several proposals to the NSTA, but none have met with their approval thus far.

Sounds to me like the proposals are being debated and must be close to an acceptable plan for Bressay. Another partner would help finance the project.

The timing could work very well with the EPL

Jefferies classed us as a non-growth company that doesn't pay shareholder returns, that was the cause of this current weakness in our SP

Their note was blunt and they chose to ignore everything else going on including the importance of our expensive debt reduction etc.

I'm expecting a good market reaction to our next update, maybe a few positive broker notes to follow.

Our results are due on the 28th March and that will be the point we get a set plan of returns in my opinion.

I also think we may see another partner buying into Bressay and the EP soon.

We have more positives than negatives that we don't get recognition for.

Doesn't help that the US is increasing production each month, un disciplined Record production

US greed is going to flood the market again

How stupid can you be

If the governments Tax attacks aren’t bad enough the woke markets are now attacking producers.

Either selling out with big losses or shorting the stock.

Markets are turning their backs on us.

The attack on oil and Gas companies is under way, the government WFT and now the woke larger funds

Even though we all need oil and gas they want to destroy every producer.

I just don’t know Jan. I’m panicking now.

Labour will most likely drive in the last nail with a even higher tax grab

Monkey our SP just keeps on falling, I've almost given up all hope now.

We are a stones throw away from yearly lows again and that looks likely to be broken in the coming days

Please show me some positivity as I'm all out of it.

We must get the green light for Bressay before Labour get in

Its very unlikely we will see returns until 2025 when the lease cost for Kraken drops, I think we are in for another year of disappointment and waiting.

Our MC has fallen over the past year even with quite large debt reduction.

Then we have the incoming Labour Party that will be even more anti oil and Gas

Someone gave up and sold 4 lots of £50k chunks of stock just after the bell

F@cking ridiculous.

The green light for Bressay is what I’m hoping for, find another partner, offset the investment against the epl charge over the next 3 years taking full advantage of it, Drill the western flank at kraken and maintain production until 2028 paying us shareholders some returns.

Romaron - Look at those sells showing up after the bell. Someone playing games with this ?

What's causing this today ?

I would imagine AB has already had discussions with other companies over a merger or a takeover and he has probably been blunt and said unless the bid is above his SP average then he wouldn’t even consider it.

He wants a profit on his investment otherwise he probably looks at it as a big fail

Someone has to police it otherwise who’s next

I have ! Nothing left down the back of the sofa either.

Comparing both companies, I’m struggling to understand our current valuation

Who knows that could change overnight if SQZ were to make a bid

Just done a dummy sell of 1.5m shares and was given a price of 12.56p

So someone will take the stock

Down another 2.5%

FFS why ?