Member Info for Krakenoil

Can’t

There was one under the name of NeilHannon but I can remember one beginning with P

Was it the same guy that deramped in the same style for a couple of months just before the stocked rallied hard. Hmm I wonder

I can’t put my finger on it either Jan, but he’s certainly not here 24/7 for nothing

Stevo may I point out Kraken didn’t start production until June 2017, so hasn’t been in production that long and was shut in for quite some time of that due to breakdowns, so you highlighting figures that simply isn’t true.

You are a deramper Stevo

Bit of advice to you is

You know you want to buy stock so just bloody well hurry up, it ain’t going much lower

The key issue with Kraken drilling is timing, noting that the nature of drilling of the western flank, with its requirement for a rig hire, subsea infrastructure and long-range horizontal wells results in a long lead time for equipment orders. Timing is also important with regard to EPL, as it is more advantageous to invest capital towards the end of the EPL window, with the majority of revenues at peak rates coming beyond the EPL sunset.

As a result, we will look to protect Group production rates through investment in low-cost, quick payback drilling at Magnus and PM8/Seligi (as a reminder, both of these assets incorporate platform rigs, with no requirement to hire a drilling rig), while we are also looking into options to execute cheaper sidetrack options at Kraken in the shorter term.

I would have valued 2p reserves higher than what Stevo guess is due to the fact it’s so difficult to get a green light for new field projects. Demand for old fields must be strong, we are on the lookout along with many more NS oillies

I think the new wells at GE will add another 3k to this years production replacing natural declines

SEK The company could buy $100m worth of stock but doesn't guarantee a price rise, Nothing is impossible nowadays

We have been saying the SP can't keep on falling along with the debt eventually its going to react, bloody well hasn't yet has it.

We are facing corrupt eco governments that run a unstable Tax regime (The worst in Europe) who the hell wants to invest under that control ?

I'd take high dividends all day long, at least that earns me something from my investment even if the SP doesn't

Why can’t we have a Mcap of just £250m with zero debt ? So far we have reduced our debt from $1.8b and our Mcap carried on falling as well.

Nothing makes any sense with EnQuest valuation

I think Romaron is correct the only way we are going to get our rewards will be through high paying dividends.

Courage taught me no matter how bad a crisis gets ... any sound investment will eventually pay off." — Carlos Slim Helu

UK-US strikes on Yemen are said to be 'imminent'.

I have never understood how you can become a MP without actually coming from a working background, these MP’s do not know what real work is, how the hell can any of these people tell us what we should be doing and what benefits us.

P155es me right off

Very happy to buy another 400k shares today.

Hertz is selling about a third of its global electric vehicle fleet, citing weaker demand for its electrified rentals. The car-rental company says it will use part of the proceeds from selling about 20,000 EVs in the U.S. to purchase internal-combustion-engine vehicles.

You couldn’t make it up

If Hunty the Prince of thieves hadn’t robbed us with his windfall tax and the slogan “extraordinary profits” we would already be above 60p

I wonder if the new wells are now online at Golden Eagle ?

Quite a large spread this morning and I’m not talking about the wife.

Shame

Unfortunately this will fall on deaf ears - They couldn’t give a toss about wrecking jobs and people’s lives as we have already seen, they only care if it affects themselves somehow.

Honestly these loony’s we now have in parliament would sell their own kids if it was a benefit to them.

They throw the industry under the bus and painted this picture like it was the oil and Gas companies that were the ones that went to war for pure profit