Member Info for mrc_mrc_mrc_mrd

Yes, unfortunately GKB is deficient in some way and has been sucked into conspiracy world. It ruins lives so I really hope he is not in too deep!!!

On the CNOOC front I see it as an advantage that they are under pressure in the west...they are already trying to sell Scott - maybe they will be looking to exit NS. Not sure ENQ have deep enough pockets to pick up their stake in Buzzard, but scott and GE would be do-able for ENQ.

Yes little dip to 19p brought in some very strong buying

Always more volatile after a big rise. Retail needs to get used to seeing this SP. All good to have some consolidation.

I fancy a recovery in POO so have spreadbet some call options.

We didn't get much of a pullback last time. The media is pushing nerves around OPEC meeting but I think market is looking further ahead now and will buy any weakness. Bit of fun on an ENQ red day anyway!

https://www.barrons.com/articles/100-oil-more-possible-energy-stocks-monster-upside-51614272755

Therapist - rough seas and gale.

https://www.metoffice.gov.uk/weather/specialist-forecasts/coast-and-sea/shipping-forecast

This deal is immaterial. Enquest literally had no value assigned to this!

We have targets to be getting after at Magnus and Kraken.

Let someone else develop it and we can cash the cheques.

AA, hope you enjoyed the garden. My afternoon was garbage!

https://www.google.com/finance/quote/SCIR:LON?window=5Y&comparison=LON%3APMG

If you think PMG is bad just look at how bad SCIR has been!

AA - we have had enough vision from the SCIR over the last 10 years.

What we need now is delivery. Just pick a vision and bloody we'll get on with it!!

Sheikh - you sound like a bit of a bell end.

https://www.londonstockexchange.com/news-article/ENQ/eagle-discovery-farm-down/14877867?showDisclaimer=true

Hi AA - PMG have executed a strategy, we will see if it comes good. It's one thing to buy some land with good wind and consult with siemens. It's another to think that you can assess multiple renewable energy and circular economy and "vector" opportunities without a deep understanding of any of it. If Tom started investing in energy storage I would be equally as concerned.

Tom Cross brings value by being a do-er. He makes deals and has proven track record of starting and growing businesses. He has been unlucky with the commodities cycle but that all seems to be coming good now.

It's funny that PMG is what SCIR could have been. It was the model they seemed to be going for and part of the reason I bought in when the BOD came on board.

Plethorus - the debt is being refinanced. We are throwing off cash and have a large cash buffer.

ENQ have already hedged a significant amount at $50 floor which IMHO provides enough downside protection for this year. Once we know the amortizations then perhaps hedge enough to cover those.

I hope ENQ don't have flappers in charge of the hedging program that panic and sell as soon as the price rises a few dollars. Consensus for 2021 is $60 so why panic?

Therapist - I think it relates mostly to monies owed prior to ENQ involvement. ENQ are bringing the case as operator.

You can get a free trial of law 360 if you have a business email address.

As someone with a bit of experience in the energy sector I did not get a warm feeling from the audiocast. These guys have gone from oil gurus to "energy" gurus, and I just don't think it is credible. We need a whole new BOD here.

If we can clear these guys out and get in BODs with relevant experience then the SP will fly.

Sadly I get the feeling these guys are arrogant enough to think they can just change the name above the door and do it all themselves with the help of a single relevant BoD member.

Yes, you are probably right. Hopefully once we have some clarity on funding needs of perth. The SP will do multiples and we can either use the cashpile to drill, or issue shares at a much higher SP.

Seems like TC has given the nod - from the arden research June last year...

"Inclusion of Skerryvore is based on the strong view of Parkmead management that this could be drilled by late 2021"

Absolutely stonking day.

Well done all holders.

I've got an insane amount riding on this bad boy now

I will be pretty happy if we drill skerryvore this year. Need a bit of excitement as well as solid development progress

Hitman - the reason I see such a high value is that we have a massive gain out of inflation which is widely expected.

Everything that was holding us back (debt, low POO) is now a positive.

AB has done really well to invest during the last 6 year slump and we are now in a great position.