Member Info for Krok

They will kick everyone out by paying cash they will have earned this quarter)

Not bad)

Same 42p, to be fair)))

ENW prjce will now be under pressure, regardless of Novinsky’s intentions

If I were him, I would have done it next week, having seen what JKX did today

Ahaha, FCA is just an excuse

This is robbery of minority shareholders. Very Ukrainian style

Makes even more sense for Novinsky than for a group of several shareholders as the case is with JKX

All on very thin volumes. Seems no one is prepared to buy and someone needs to sell regardless of the price

May be that some company specific news finally coming. Definitely, not market related

Bizarre and irritating anyway

Ukraine has not been buying Russian gas directly for seceral years

They buy it from Europe but it is still Russian gas. More expensive because of transportation

The link you provided, which everyone uses, is for a pretty illiquid and therefore irrelevant instrument

Just have a look at the volumes, peanuts

Nobody buys gas at these prices these days

It was relevant historically but not any longer in this frenzy time

I think from some point gas prices are somewhat irrelevant for the likes of ENW

Whether it is $1000 or 2000 per mcm, I think ENW still sells its gas for $500-600 per mcm

ENW prices are definitely linked to spot prices, but only to a certain extent

Also, would not be surprised if Smart Energy gets at least part of the upside

Will definitely wait for well results

Then wait to see if we have a harsh winter

Can easily go to 60p

December-January seems to be the right time to exit

seems that 50p is around the corner

700-800 boepd, overall production south of 6 kboepd and we may see 50p share price

Officer, Arakhamia is one of the most odious Ukrainian politicians, famous for many bull**** ideas

Georgian by nationality, born in Russia, lived in Sochi in the south of Russia, moved to Ukraine, then to the US, then back to Ukraine. A friend of Zelenskiy, apparently

More of a clown than a politician for me but anyway

I reckon you mean his latest proposal to limit gas tariffs for businesses

Seems that he is lobbying someone’s interests here. Probably, a large gas consumer. Rumors are that it is Firtash, who stands behind him. He has a large fertilizers business

There will be plenty of powerful oligarkhs and politicians working for them who will be strongly against it

This will definitely not help Ukraine to get further funding from the IMF and EBRD, on which the country relies a lot

This will not help to become self-sufficient in terms of gas supplies

And so on and so on. Plenty of reasons against it

So, highly unlikely, in my way

Significant delay more likely means bad news

If you have an inflow of hydrocarbons, particularly, gas, you know it pretty much instantly

If you well is dry and you need to perforate another horizon or do something else - this takes additional time

It is a fair reference point

ENW’s TSO are approximately two times that of JKX

So equal share prices imply that ENW’s MCAp is two times JKX’s MCap

Justified in terms of reserves. Not justified in terms of production and cashflow

Both ENW and JKX have pros and cons. I have been trading both for several years. There were times ENW looked much better (some factors mentioned above), at some point, however, JKX looked better

So it was a stupid strategy to buy and hold for . I bought and sold both of them several times

Now they are pretty much on par. Both are driven primarily by gas prices and associated revenues. Not much to do with company specific factors

Both can go up to 50-60p. Both have risks, which can do harm to the share prices

If gas prices return to where they were a year ago, prices can easily drop back to 20-25p. So it’s crucial to exit at a right time

Merger between the two? No way, that’s for sure

If we have 700 boepd from the new well, we should cross over 50p

Need a strong buying pattern to move further. JKX had one recently. Now it seems to be reversing

SC is very similar to what ENW already develop

ENW will not commence production there in the next couple of years

500-700 boepd is what they normally get from a majority of their wells. These are reasonable flow rates, it is just well depths which dont help

Selling and sold are not the same. It’s always pretty unpredictable

I am invested in both for now and not planning to sell. When you major upside is gas prices, not company-specific factors, it’s better to be diversified

Re JKX, Kolomoiskiy, on top of various issues in Ikraibe, is also on a sanction list in Russia

I am really surprised YGE has not been taken away for so many years

You can google what has happened to Russian assets of other Ukrainian oligarkhs

Three weeks delay of drilling results - is it good or bad. That is the question

Two new development wells should give 1.0-1.5 kboepd of new production in total, while the third one should explore the potential of the SC license

Not even close to doubling the production

Gas prices is our only friend