Member Info for oxygen

Admire your enthusiasm but suspect you’re fairly new to Enquest !

ps. looks like ME issues currently priced into OP., but note Iran pumping like no tomorrow ( 3m bpd. …highest in 5yrs.) who could of course easily raise the stakes, but best we don’t go there.

Under normal circumstances I’d agree some strengthening in SP would now be expected, but with two Wars ongoing, one of which could rapidly escalate, it will be of little surprise if the Market suddenly moves risk off before the weekend locks everyone out. Anyway we’re fortunate if this is all we’re bothered about !

The Markets remain nervous of an escalating ME War as if unable to be contained the OP will be somewhat academic, we will likely see another very Black day. Anyway events elsewhere rather diminish any personal concerns we should have.

If any JSO supporters are looking in, you may find this latest report from OPEC rather alarming

In its annual World Oil Outlook report, Opec said it now believed that demand would keep growing for the next two decades, hitting 116 million barrels a day by 2045. That is about 6 million barrels a day more than it forecast a year ago, with growth driven by India, followed by China and other countries in Asia. Much of that growth will come this decade, it believes, with oil demand on course to hit 112 million barrels a day by 2030.

Of course they’re talking their book but my suspicions are Supplies won’t keep up so the UK really should be taking Energy Security a little more seriously .

Perhaps of little surprise VLX have been targeted given our involvement in critical Defence, Space and Aerospace applications .No doubt a full review will now be undertaken which should ensure more robust protections are in place going forward. Hopefully this was a lucky escape !

Think you’ll find OPEC+ will merely take advantage of any upward swing to flood the Market and keep prices stable. Irrespective whilst others are having their lives torn apart few would wish to profiteer.

Have to say well played by Anavio, these guys are described as vultures for good reason. At least this will shake out many, leaving the rest of us to quietly get on with life knowing one major hurdle has just been jumped. Ps. That’s a lot of NGL we’ll be pumping in !

Romaron. Appreciate the feedback you received from Craig. From recent presentations you could detect the frustration and perhaps anger from the likes of AB / SM / CB , arising from the EPL which I’m sure has more than once been distilled and channelled towards certain politicians, to which AB will have a degree of access. The politics aren’t in our favour but at least Hunt will now be aware of the unevenness and disproportionate effect this tax is having on focused domestic Operators, so it remains to be seen what comes, if anything , from his Nov. statement. Likewise I’m hoping AB will be more forthcoming at the next update, he will be aware many shareholders are becoming frustrated and will be looking for signs of reward, certainly if Brent continues to trend $85/$90.

For me this Share is a sleeper, holding largely untouched for years, still hold faith in AB, yes he’s made mistakes but a lots been thrown our way and new opportunities will now be across his desk. We live in hope. GL.

What he’ll like and what they’ll achieve could be quite different. You only have to glance across to those two huge Chinese operators now in this market to realise what margins they operate on to realise adjustments need to be made.

So much for ‘Online’ being the Market to be in when the Times make this comparison

“In January 2020 the stock market put a price tag of £3.8 billion on Boohoo, briefly valuing the then stock market darling at more than its high street rival Marks & Spencer. Shares in Boohoo have since fallen more than 90 per cent, while M&S have risen 24 per cent “.

The outlook doesn’t look any better either. Thankfully no longer involved.

It’s not the Company’s job to spoon feed nervous short term investors who don’t fully understand what they previously invested in. The Market correction in valve was always going to happen but that’s history, we’ve entered a new chapter. Todays been a good day for those buying.

Just wonder whether RH took some of the blame for Kraken’s earlier outage highlighting maybe a lack of contingency planning for critical plant. That said, I don’t recall Jon Swinney (previous CFO ) ever putting a ‘foot wrong’ so maybe it’s just down to personal ambition. There are a couple of internal candidates who may be considered but suspect AB won’t tell us, unless he lands a high profile external candidate. Any lack of the latter may suggest either AB holds a certain reputation or the Company’s stand alone future is unclear !

@PL75. Few of us who’ve been on this journey for a number of years will likely have never been more relaxed with our investment. We know the SP doesn’t adequately reflect progress to date but that’s really not surprising given the reduced flow of money into UK equities, partly due to the ease we can now access global Markets ( indeed I’m an overseas investor ) and the general unease with all clinical trials before empirical data is provided. Whilst as Shareholders that data will be welcomed, the real catalyst will be from Industry, a fact AS will be firmly focused on. I will be adding on weakness as I’m sure those with available funds will also be. GLA

With what we know so far I guess quite a few of us are hoping the SP will now temporarily crash prior to the P1a Data release, thus quite happy to see those trying to spin negative commentary, you’ll certainly get my tick.

Stevo.

Agree what aren’t we being told ! The decision to approve Rosebank was obviously relayed to Equinor/ Ithaca some time ago to allow for FID considerations, which must surely have only been Board approved with certain guarantees in place regarding Investment Allowances, and one would hope a Fiscal roadmap, supported by both main Political Parties. To do otherwise would seem rather foolhardy given the low level of trust attached to most in Government . Few would sign off that sort of capital on warm words alone !

Not sure what some expected, the figures show the cash burn and the fact external support in some form or another will be required. Hardly surprising many will sell, others can just be patient albeit don’t expect the SP to reflect the potential until that support arrives. Could be a long wait.

Seems FID for Phase 1 has already been taken ;

“Ithaca Energy, together with Equinor (the Operator), are delighted to announce that they have taken the final investment decision to progress Phase 1 of the Rosebank development on the UK Continental Shelf, together investing $3.8 billion in the development”

So again the question is what’s been promised behind closed doors !

Yes now in on the joke having checked who Sujood is…last to ramp Ovoca Bio from 14.25….now 1.6p. Hope he doesn’t appear here too often !

Guess the question is now, has the Chancellor had any input in this decision and what has he promised, as the FID seems to run contrary to economics !

So why is there such a disconnect between the Avacta Fan Club and the Institutional view ? . The SD was supposed to elevate their interest but failed. I’m personally not that concerned as have no intent on selling but just bemused about the feverish level of excitement being shown by some, compared to those holding the real power.