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Chilting - your analysis is so lazy.

I for one think AB has played a blinder by not releasing good news on a red day. He probably has a cunning plan to time the news release to get the most momentum behind it!!

;)

Lol what is wrong with you banana joe

Looks like someone else lost the faith and dumped their holding.

All good for our friends at Gneiss and Prolific…the death spiral is right on schedule I guess

Hopefully our friend BTFATH1 is paying attention.

Maybe he will move his buy order up to 33p and miss out again!!

I want us to keep all the tax credits! ENQ made that investment in good faith and it cost shareholders dearly.

ENQ now in a position where they might actually make use of them.

I do feel this has been a drag on the SP. Should kick the idea out a month or 2 IMHO. Rishi will have BP and Shell lined up to make some investment decisions before then and it will all be a great victory.

Windfall tax is a stupid idea. I doubt the opposition are even fully in favour…they just smell blood. It wasn’t so long ago they were desperate to appear pro business.

Ed put on a good show though.

Unfortunately the BODs have drained all the funds and will be out with the begging bowl…just as finance tightens in the global economy. SP could drop further in response to a relinquishment of Tanz assets…though long term it might be a good thing.

https://www.bloomberg.com/news/articles/2022-05-14/uk-north-sea-sees-chance-for-political-reprieve-in-energy-crisis?srnd=premium-uk

The BOD need a little nudge out the door I think.

They have grown a little too comfortable sucking at the teet of shareholders.

Oxygen - yes I thought the same. A lot of money made by supermarkets during lockdown. Maybe the gov should cash in on that??

Or start taxing Amazon properly??

I don’t think it will happen personally - BP and shell will be asked nicely to announce a new investment (which they would probably be planning to make anyway). Rishi will let them know the monetary value that he needs.

Energy firm windfall tax has not been ruled out https://www.bbc.co.uk/news/business-61408522

Interesting point in here about potentially having a revenue threshold to keep smaller companies out of a windfall tax.

Hopefully AB has been keeping up his donations to Boris and we might be OK.

Also, quite a sensible article for once…no space given to the opinions of daft and anonymous climate change protestors

I did wonder if this could be a Waldorf load as petronordic came from Catcher and draught of 12.9m.

A simple investor- what is your source for BP $12 billion in U.K. tax credits?

Enquest have theirs from the failed alma galia project expenditure and Kraken.

Lol, yes just buy the dips BTFATH1 IMHO BWTFDIK

Part of the problem with a SHAG now is that Prolific Basins and Fitzpatricks have a lot of influence.

You will need to gather PIs with a sizeable percentage. A lot of the big holders from last time will now have had their holding diluted away.

AA- I was discussing the company?

Malaga - you make a good point and this board (BOD) needs to hear more voices like this.

Chris can be subtle - He claims to be balanced, but really, 30% improvement in EBITDA at AD does not balance out the disasters that are Ruvuma funding woes and possible relinquishment, Gneiss money for nothing fees, grubby related party deals, Prolific Basins death spiral financing.

Chris - we only have 50% of EAG. The capital cost is an unknown here - I suspect substantial if it is doubling EBiTDA.

It does sound promising though. As I have said for over a year, SCIR should take any offer for Ruvuma and use proceeds for AD. Holding out for a better price is stupid. Shareholders getting hammered by dilution caused by the uncertainty and of course these insane fees being paid to Gneiss.

Lol Chilts - this guy?? Called Attenborough an idiot? Posts on his own companies forum?

https://www.channel4.com/news/revealed-north-sea-oil-company-chief-exec-claims-climate-emergency-is-fake