Member Info for oxygen

Totally agree. The Concluding Remarks by AB yesterday just highlighted ENQ’s potential, including the possible uplift in 2C Resources across the portfolio. Magnus alone with only 20% of movable oil in place booked as 2C , and nothing yet for Kraken ( Maureen ) or PM8/ Seligi Gas. For LTH’s this is one to just tuck away, for others it must be highly frustrating . Just hope Analysts give a little more credit to ENQ’s recent financial and operational performance , such as their 8/12 month Well payback ability, rather focus on short term minor issues eg. Thistle , when they get around to updating the Mkt.

Yes, surprised we are still someway off the Jan ‘18 Placing Price of 180p that was required to fund the purchase of Audiens, especially given the progress of this Company over the last 18 months.
That said, I remain comfortable to hold and wait whilst looking forward to the next set of financials.

Just be happy to take advantage of such days , like AB. With a Capital Markets Day on the 21st Nov. & a possible Ops Update by then , this could just be when the start of an upwards SP trajectory begins, barring of course an OP collapse, which personally I don’t anticipate. GL A

Don’t remember Chris Fraser complaining as PI’s rushed in to support his vanity project whilst there was a fair wind in the sails. Typical arrogant attitude of someone who can’t accept there own short comings.

Good luck with your investments although it seems you already realise money is not so important in life ! ENQ will eventually come good in its own time although for me, as I prefer not to inflict stress upon myself, its not an asset that bothers me on a daily basis. GLA.

Not only have the LSE a legal duty under Norwich Pharmacal to disclose this info they also have a moral one as well in wishing to uphold the highest ethical trading standards required. A nice gesture of BUR to pay for the LSE’s costs in producing this data which may see this info delivered rather sooner than later. No impact expected on SP until litigation commences &/or substantial damages awarded...could take years.

I really hope this turns positive for you & others caught up in this mess. I lost on a huge investment a few years ago and its not a good feeling. Unfortunately private investors , often seen supporting new local business developments, get little if any recognition of that early support when financial stresses bring in additional Institutional Funds whose mission statements rarely include any meaningful moral code. Personally believe this project will survive in some form or another but just what will be in it for existing small shareholders we just don’t yet know. Good luck.

Unfortunately AB wont disclose Krakens price point, its one of the frustrations we all have here as good news is never really broadcast, although given his previous guarded comments when asked you are lead to believe its only in the region of $2/$3 a barrel....he must be a terrific poker player.

Suspect not. Every confidence this project will achieve the financial support required but at a cost and that unfortunately will likely be at the expense of equity holders. Hope I’m wrong but i’m not prepared to gamble on that.

Few wish to see their own personal wealth prosper at the suffering of others, none more so I suspect than our own C. Exec. Given the moral dilemma he will face should matters escalate within the ME , I can well imagine he will channel further funds to the family foundation via additional share purchases, whose mission includes the saving of lives including within the region. Well done AB.

Plus CNE are even more reliant on Kraken yet get an Overweight analysis recomm. !

Interesting that JP Morgan have already increased their target on Cairn Energy to 272p this morning, currently sub 200p........anyone would think we are being deliberately ignored !

Agree . There has been a similar slow reaction to PMO’s results and likewise if the world calms down for a few months I’d be surprised if this doesn’t steadily upwards. Anyway I’ve taken 90k of Mrd’s bundle marked for release in 2022.

Strong results and hopefully we can get away with a reduced shutdown of Kraken as the only disappointment for me is the unamended lower prod. guidance figure for the full year.

Mrd....it seems you may have recently bought into ENQ, welcome. As a LTH of 5yrs + ( & a 7 figure
share holding) I’ll still completely baffled by its share movement , so you’ve got no chance. Indeed whilst not welcome I brace myself for a mark down tomorrow unless results are at the upper end of expectations....just hope I,m proved wrong !

Guess the question is where will the share price of Check -It settle once the re purchase of shares is finalised having sold Bulgin ?.

Thanks.

Thought Hammill resigned effective AGM in July ? Don’t tell me he secured a lucrative extension !

Agree. Colin Day holds an impressive CV & has some connection to the industry. Would be nice if his first duty was to buy a substantial no. of shares out of his own pocket. Will hold off selling for 12 months & then review....indeed such a boring share of late I’d forgotten how many I hold !

It may be prudent to first see whether the FCA step into the guarantor loans market as that cloud will likely have some drag and on the SP.