Member Info for Pelle

GKB, Happy to see you found the problem to everything in world, the Swed.

We like sayings...
Sweep first before your own door, before you sweep the doorsteps of your neighbors

Nice summary GKB
and production should be strong now until May/June when maintenance season starts.
I would expect something around 80k winter half year and 65-70k during summer months 2020.
75k and 60 oil with lower opex/capex/finanace cost should still give arond 500-600 mill FCF 2020.

Lets hope they did bite and did some hedging the days after the attacks, it would secure a nice FCF over next 6 months.
Cant always hope for more, we seen that fail a couple of times now already.

Good morning L3

I dont have exact capex figures, but L7 did some breakdown to 135 mill if I remember correct and rounded up to 150 mill.
My rough estimates are also around 150.

Maybe original documents show declines in Kraken / Magnus after 2020 but Enq is also drilling additional to offset that decline. And Kraken didnt really follow estimated prod curve at all.

Happy to hear you care so much about my dividends!
Lets see where we are in 9-12 months

Lost? Only thing we lost is another 1 mill debt since yday!

40p tomorrow:-)

https://www.bloomberg.com/news/articles/2019-09-25/ships-set-to-burn-raw-crude-oil-to-beat-new-clean-fuel-rules

Whats your take on these Trump news now?

https://twitter.com/CNBCnow

Yes, its very strange keeping a share in this tight range for 6 months while major company improvements been done.
Last Friday afternoon when we on the way up someone put in a sales order of 1,8 mill shares in Sweden. That keept it down.
If someone prepares a bid I think it’s normal use last 6 months SP as an reference also.
And brokers are almost completely disconnected, look at marketscreener page.

No, they never gave any extra info between updates. Next update I think early Dec

I do hope Enq did hedging during first 2 days, or last week at 65.
They could not wish for a better oppertunity as their hedging was relativly small at last update at 5 Sept.
It would be great have that as security.

yeah, keeping the markets as calm as possible with promisses that soon be up and running full speed.
And trying to solve the problems down the road.
Lets see where we are in couple of weeks.

2018 Report

At the
end of 2019, the Group expects overall
net debt to EBITDA to be approaching
2x, with the Group intending to operate
between 1x and 2x in the future.

Longer-term development
In the near term, we remain focused on
delivering on our plans to reduce our
debt. We also have the opportunity for
material growth where our portfolio
has significant potential for near-field,
short-cycle development, particularly
at Magnus, PM8/Seligi and Kraken.
After we have reduced our debt to
sustainable levels, and dependent on price
conditions and company performance,
our capital allocation will balance
investment to develop our asset base,
returns to shareholders and the acquisition
of suitable growth opportunities. The
application of our proven capabilities
in enhancing hydrocarbon recovery
from mature and underdeveloped
assets means we are well placed to
pursue long-term sustainable growth.

The Board regularly reassesses the existing dividend policy to ensure that shareholder value is maximised. Any future payment of
dividends is expected to depend on the earnings and financial condition of the Company and such other factors as the Board
considers appropriate.

Haha, thats right!
Dividend H2 next year 100 mill! Debt/EBITDA around 1 by then.
KGB better sell out and find another share without dividend or give dividend away to anonymous Iranian tanker watching assosiation.

Hi Chilting

Yeah, I was going write the same:-)
The cashflow ahead of us will be massive if continue these oil prices, maybe 50% more then marketcap on 12 months.
It got to leave footprint in SP at some point.
Hope they hedging

Agree MP,
Last time I looked SP in April it was the same.
Since then
Oil prices been good
Kraken improved 10-15k
Debt come down 150-200 mill + other things.

Will check SP again in spring

Smalltrader, Cairn and PMO is also effected by oil volatility but have good broker coverage. Look at HL site.

Think AB is happy increase his position on these levels while company is turning around fast.

Hitman, Kraken performance been confirmed now for almost half a year.
So I doubt a few minutes will help.
Something, someone still keeps this down

Are you all 100% sure Iran behind it?

http://www.bilddump.se/bilder/20190921182853-185.205.224.55.png

Mavrick, I wish I knew:-)
It cant be less then 20p atleast with all this production and assuming 65 oil then.
And outlook for 2020 is much better in term of lower cost, better balance sheet and probably only small amortisation left at the RCF for 1 April schedule.

Maybe they reduced debt another 200 mill, I am struggeling with these work in capital changes at P35 last report.
How it will effect H2? Just the debt reduction should then incease SP 50%.
Do we get anymore for 2020 outlook? (Normally market should price in such things earlier in my mind)
And that we basically a safer bet.

Somehow I still think AB holding this SP back and buying as much shares through confusing guidance and limited info to Analysts. Look at the marketscreener finance page. How inconsisten figures and strange estimates.
Maybe buying on a scheduled deal from Swedbank?
Otherwise it must be hard buy 500-1000k each friday basically, its my thought.

Its all very crazy, but we will come out good at some point as AB and Helmuth cant resist buying at these levels.

There some new links with video and photo of work onging in Saudi here

https://twitter.com/aeberman12