Member Info for Pelle

What did he say?

Thats only Avanza bank, include the other Banks and probably need multiplying with 3-4

While waiting for UK…. and AB 9 years now.

There is another good play.

Africa Oil who had presentations in both London and and Oslo last week.

Solid investment on Nigeria production alone but the big thing now is next week the Total capital market day about Venus and Nara discovery in Namibia.

Africa hold 6% indirect via Impact UK.

One big discovery found last year.

Funny thing is today Africa oil slipped out ^wrong^ slides at their website indicate discovery 2 and 3 also.

You can find the photos here https://ceo.ca/aoi?filters%5Btop%5D=1

I still believe UK will change tax eventually in autumn.

But this play looks good with catalyst near term.

We are probably talking 20k shareholders in Sweden and some are 80+ old.

Not that easy just sell, open accounts, and buying,selling in UK needs to be called in by phone to bank trading desk.

Https://twitter.com/shellenberger/status/1699564637195497818?t=PK9FmQ43UMnO0sQCAhJlig&s=19

Https://x.com/gbnews/status/1699504277226402290?s=46&t=J4Nk3yw99T2-2YOreiEIHg

I also checked and it doesn’t add up H1 2022 either

Government needs to be friends with oil and gas companies again. Otherwise this transition to green energy won’t work.

Loosing 13% production is a lot.

Basically small Enquest symbolise the big picture also.

Enquest don’t have any huge spare money to invest in green energy.

Thanks Martinen

Something going on?

First dribble with the date 5/9 of results.

And now webcast a week later?

Think it never happened before.

Any thoughts, some more news on the way?

What is SP live now?

Https://12ft.io/proxy?q=https%3A%2F%2Fwww.energyvoice.com%2Frenewables-energy-transition%2Fhydrogen%2Fuk-hydrogen%2F528289%2Fscotland-hydrogen-pipeline%2F

Https://ravarumarknaden.se/ultra-tight-market-for-medium-sour-crude-and-middle-distillates/

Today should see some recovery in SP.

Oil above 85 and Kraken premium might have increased in August also.

Remember also that this time Enquest have very limited upside hedges. So should realise 85 usd.

Remember the strong H1 2022 with oil 110-120 we got only 89 usd so not far away from that.

Https://uk.finance.yahoo.com/news/britain-fall-behind-key-net-050000520.html?.tsrc=applewf

Sorry, I mean of course they will pay the small bond left. Regarding the 500m RBL it says original. So I assume due to EPL they can’t use the full 500m anymore

I think they have generated good FCF May-July around 30m/months. The 150m loan will pay for the RBL.

70m tax also need to be paid in autumn.

After this I would assume amortisations will be much smaller and shifts focus to growths and shareholder returns. This starts to be interesting again

Ron, lets start in Sweden :-)

Have a nice weekend

Nice 👍 must be very little amortisation what needs to be done forward now as all loans mature not until 2027. Please start buy backs on Monday!

There an article in upstream today about spud of wildcat drilling PM 409 Malaysia starting September