Member Info for Krakenoil

Stevo trying hard again lol

Stevo picks what he wants to highlight

He gets off on hunting negatives then can’t wait to post them. Not even a shareholder lol

In 2026, our ambition is clear: maximise the value of our existing assets, continue our disciplined expansion in South East Asia, and use our advantaged UK tax position and operating expertise to execute a material UK North Sea transaction. We expect that successful delivery against these value-led targets will be transformative, broadening our production base, increasing cash flow and enhancing shareholder returns.

Net debt up, we just bought the other 3rd of Magnus so what did you expect?

Dividend increase by a 3rd that shows we are returning shareholders value

I hope we get news on Bressay, update on Kraken drilling and the dividend raised to $20m

If the company wants a higher market cap it’s going to have to raise the returns to compete with the likes of Serica who are paying 6.5% currently ours is around 3.4% against market cap

I don’t think we’ll get news on this next deal but hopefully we get that before the AGM

Net debt will be flat and FCF around $20m

5 minutes before Trump’s announcement:

* $1.5B notional worth of S&P500 (ES) futures are bought in a single clip.

* $192M notional of oil futures (CL) sold.

More than 4x-6x any other trade size during the market close.

Insiders profited from his lies in broad daylight!

Iran denies talks with Trump

Savage !

Biggest daily drop since Covid

It has to be the retailers that are the ones profiteering not the producers

If they can’t see that then we really are being run by clueless morons

Would be good to read the complete note from them if anyone has access or a copy of it

So far today we have seen a proper market mugging morning going on, stops picked off and the week weeded out right across the sector.

Bressay oil slightly heavier that kraken so I’m not sure if it requires blending to become bunker fuel or not. Anyone else know ?

Always a negative spin with Stevo lol

And out of those 2p reserves 128m of them are 1p reserves and that doesn't include the Bressay or Bentley fields that could hold a possible 600m of recoverable oil plus the Bressay gas cap

Pleased for ya !

Oh well we’ll have to have that 30p or even the 60p party without you.

In January 2017 we hit 45p with Brent trading in the 50’s

Cobas most likely selling into every rise now, going to take some time to clear them out.

i’m not an expert on our hedging strategy but roughly a 1/3rd of our u.k. production is sold at spot prices so we are benefiting from the higher prices. so *** packet figures we are trousering around $450k per day in gross profit from the unhedged production at $100bbl

Let’s not forget what was said at the AGM last year and that was SEA FCF would be used to cover shareholder returns as less susceptible to price volatility so the way I interpreted that statement was as SEA grows in size/production and profits then so will shareholder returns and UK income would be first used to pay down our debt/grow the business.

Add in another UK deal on top of the great Magnus deal and like Ron said “We’re off to the races.

Will only be significant for us if prices hold above $90 for 3 months or more, 6 months will a transformational for 2026 FCF and net debt reduction

BFT - Cant help yourself can you lol

Now you've said that we'll most likely finish in the red