Member Info for Krakenoil

It’s actually good news Terry as is getting Labours economy damaging loonie policies out in the open for the public to see. We need a conservative government to turn the other way and push both North Sea oil and gas and also green energy- a balanced approach is essential and the public will know that. It’s time to change the WFT

The market has already priced Labour’s loonie policies in. If they carry on like this the pubic will turn against them. Labour are giving the conservatives have a lifeline here and it’s easy to build on. The public hate Just stop oil and this could be a vote winner, Labour just taken a £1.5m donation from just stop oil activist

We need to get on with Bentley and get one of the wells in to production, then we are pretty secure for the future, use up the tax credits paying a nice dividend each year as oil prices rise with declining world production.

Was price did you sell at and what price you hoping to buy the stock back ?

Who did you borrow the stock from then Terry ?

We are screwed until we pay off the bond obligations.

I can’t believe we are where we are.

Back in trouble again.

AB given up buying as well

I see both Tullow and Harbour are recovering yesterdays losses while we are still bobbing around yesterdays lows with no volume.

The market must be pricing in us not being able to meat our obligations due later in the year.

The overwhelming shorts on oil is unstoppable even OPEC’s words yesterday were no match if fact caused more to pile in.

Truly painful

Back under £300m

How depressing these markets are unless you're sitting on the short side.

The Tories have everything to lose by not reducing he WFT, Losing the North Sea industry is a massive problem, its a massive percentage of our economy, Huge numbers jobs within the industry will go if they carry on as they are.

They have to do something asap

BTF you really think it will be better under labour?

We can’t offer the market anything other than a hope. And currently we are no nearer to SHR than we were 6 months ago.

We are still a debt zombie

We are still stuck in the downward trend along with oil prices, There doesn't seem to be any sign of that changing either.

We would need to see Brent above $80 for around 4 weeks and our SP above 18 for the same.

We are sitting bang on support and I hope we don't take another dive over the next week or so.

Our SP performance has been dismal and that's being nice. 3 steps down every week seems the norm this past year.

A buyout maybe our only way out of this slow death Tax

Massive draw

Crude -12.456MM, Exp. +2.0MM

Gasoline -2.053MM

Distillate -561K

Cushing +1.762MM

SPR drain -1.6MM

§ At 31 March April 2023, the Group's net debt position was c.$678 million, a decrease of c.$39 million since 31 December 2022 but an increase of c.$54 million versus 28 February 2023, primarily driven by the unwind of the c.$50 million positive February working capital position. Cash and available facilities totalled c.$276 million at 31 March.

Who checked it lol

Quite a few mid sized sells going through today. Someone's given up hope

We haven't see any drop in debt since the last update, could be just the way they account.

For SHR's we need the debt to be reduced considerably over the next 6 months.

Why has AB stopped buying stock ?

The whole North sea industry is in big trouble if we don't see the WFT removed, lowered or a floor put in place. I mean how stupid can these idiots be that are supposed to be working for us, putting us first as a nation.

These out of touch bastards in West minster have created a big woke mess that's spiralling out of control. No stopping it now

The talk of shareholder returns has gone.

I’d make sure we weren’t making any money either, at least the government are getting their 35% of frack all as well !