Member Info for mrc_mrc_mrc_mrd

Yep if you can be patient then may see a return

Sell in May

Once it goes onto asset match or wherever prices will likely fall further?

Enquest in a strong position To take advantage of some of the distress caused by EPL.

The company could have announced buy back and all shares cancelled. Nobody would have batted an eyelid in 6 months time when more shares are issued for EBT.

The company is buying shares now that would have caused dilution if they had been issued as new shares in 1, 3, 6 months. I don’t see what the concern is.

Dumbly,

The shares for EBT would have been created at some point in the future (not bought back from existing share pool). For me what they are doing is efficient…why go through admin of cancelling shares when you know you will need to create them again in 6 months time.

SNP policies have been driven by the Greens. I can see cons and SNP being supportive of O&G now which will force labour to shift IMHO.

If the Scottish parties support O&G then it is one less source of negative media noise which can influence the general public mood.

Ask the public if they support banning new licences and they will say yes, but that IMO is because the extremist narrative has been unchallenged due to political expediency

Now that NSTAbz has made his little request we can get on with living in a free world where people can post what they like.

What’s the weather like with you all? A bit grey here.

Last chance to get out

Of course with hindsight it wasn’t as good a deal as it first appeared. At least Enquest didn’t give away all the upside like Waldorf did when buying Cairns stakes in Kraken and Catcher. The deal could have been a lot worse.

We’ve had 3 years of income from GE at annual average of $70, $100, and $82.5. I’m not convinced GE has been the financial failure that some think.

Anyway If we can swap the remaining reserves for a different field where we can add real value then that works for me.

Bressay and Bentley are going to be developed over the next 40 years. A lot of the capex will be up front cost, but we will not be spending $10bn to get to first oil

Stevo

Unlikely AB would be interested…ticks the gas box, but non-operated stakes would make it unattractive IMHO. Lesson learned fro Golden Eagle.

If the price is right then I don’t see why this type of acquisition wouldn’t be considered.

Https://www.linkedin.com/posts/ryancrighton_tesco-profits-surge-as-inflation-falls-substantially-activity-7184147762618236928-hciA?utm_source=share&utm_medium=member_ios

Twallbyoff

You could probably work out some rough diesel costs. Eye watering I think. Gas is mostly going to be a capex cost then very cheap to import (not sure what the deal is with Rockrose on gas pricing). Buys some time for alternative fuels to become viable for decarbonisation.

https://www.netzerotc.com/wp-content/uploads/2023/09/1130-REP-044-R1-AFGT-Kraken-Case-Study-Report-Public-Summary.pdf

https://www.wartsila.com/energy/solutions/engine-power-plants/wartsila-50df-multi-fuel-engine

https://assets.publishing.service.gov.uk/media/5a81a3b4ed915d74e6233591/EnquestKraken.pdf

My guess is a subsea tieback to produce the gas cap.

Heavy oil will need a (heavily modified) Enquest producer

Stevo - early production of Bressay is more or less nailed on irrespective of the change in government. Diesel for Kraken is very expensive and carbon intensive.

A RTO is unlikely to realise value.

Once this delists it required almost no effort to run the company so can be very low cost.

Stevo - Bressay gas is highly likely to happen. Kraken needs it.

What are you on about Stevo?