Member Info for laidback

$52.77

Why is Enq down ?! Crazy price with $1.5m FCF every day

$52.19

Going back up !

$51.76

$25 FCF per barrel sold !

Enq should be rallying soon too !!

Tarmak
Gobbledygook !
Be clear !

Pelle - speak English please !
Are you saying 2020 FCF is 120m ?

Field life over 20 years

Bressay isa similar field

Both will be pumping 50k per day long after all debts have been paid off !

$53.04

I dont think we will see 10% interesr rates on restructure .... Enq is less geared than most oilers

11p will look crazy in 6 months

I fully expect 30p by end 2021

I estimate $1.3bn

Means 2021 year end debt should be well below $1bn !

Why can't it be that good ?

Kraken oil sells at premium to Brent !

$51.80

If increasing production keeps agreement amongst OPEC members then it is a good thing !

$51.78

All going towards debt reduction !

Any info on current hedging ?

??

1.Reduce debts below $1bn in 2021

2. Buy production to utilise tax losses

If both can be pulled off in 2021 without equity raise then its party time for us shreholders

$51.50

Interesting podcast Romraron

With US production falling this year and demand returning to some extent, we should see pil prices $60-$65 by year end imo

The only advanatge to shareholders of a low market cap is that you cannot rause any substantial equity without wiping out existing shareholders

Does AB want to be wioed out? I don't think so

So expect a a complex loan arrangement to finance any deal, based in future cashflows.

Kraken has another good 20 years .... Magnus probably has another 10 years. So plenty of future cashflow to act as security for loans