Member Info for mrc_mrc_mrc_mrd

Bod need to do something soon or this will be back down to half a penny IMHO.

Where are these mega deals they promised?

Chris? Have you had any follow up with the BoD? Seems they might not have been arrow straight with you last time!

Hope and hold doesn’t seem like a very good investment strategy! May as well play the lottery!

I think we might see Brent breach $70 today

Stonking!

https://www.reuters.com/business/energy/exclusive-jx-nippon-seeks-15-bln-uk-north-sea-oil-gas-fields-sources-2021-05-25/

Where are the funds for Ruvuma coming from?

Is there a magic money tree? Or will it be dilution as always. Perms bulls never seem to learn. SCIR can’t afford to gamble. They need to live within their means when it comes to shareholder funds.

It was up about 1% off the lows for the day

https://www.reuters.com/business/energy/mercuria-backed-tailwind-buys-bp-stake-shearwater-uk-oilfield-2021-05-24/

Shearwater sold and BP continuing to operate Andrew.

Brent rocketing but now ENQ dropping back. I can only apologise!

Looks like a great thing for ENQ / Sullem Voe to be involved in. Green/ blue hydrogen, CCUS. Probably some government money in it and potential to extend the life of our assets.

https://cld.bz/Hnu6h1w/22/

Break up ward coming I think!

Chilting - pretty sure blue water own the FPSO?

Production figures are unknown unknowns. You can’t take 13k and apply normal decline rates.

Most likely outcome is the bond holders will run it down until they get their money back then close it down.

Certainly a very poor fit for Enquest.

Chilting - why would anyone take HUR over??

It’s a huge geological failure as far as I understand and Cargoes are sold at large discounts to Brent. I doubt anyone will touch it? It’s a run down job for HUR.

It feels like the bulls are back in charge here now.

Good work Therapist

60p this year for sure!

By year end I expect net debt down to $1 billion, EP sold, and perhaps bother deal on the books

Indeed - somewhere between $500-600 million FCF this year!

Tasty little bit KO. GL m8

I also added a few k this morning. Just a waiting game now for the re rate.

It is certainly an incredible way to do business for a listed company. Where is the oversight on the board?

Were the Gneiss fees value for money? Or just the BOD being lazy and greedy?

It’s a great wheeze when you have a weak PI shareholder base.

This BoD seem to be completely taking the wee wee out of shareholders. Time we had an EGM and get rid.