Member Info for Pelle

Hi Jan Don’t they have a huge pile of completed wells but not yet in production yet?

Nothing makes sense what he writes or copy in. Don’t understand purpose

I hope we back to 75 already before deal!

Wonder how much oil will jump the day they do deal with China

Love you, you shareholder at this borders southern petroleum? Market cap 10 million usd Bet you would love if someone paid 250 million for that.

Evening E, How much they roughly export and import last 4 weeks average?

Don’t understand how that’s possible

Going back AB buying history 1,25 million 26 Nov oil at 60 1,9 million 18 Jan oil at 60 So either Enq will do very well with 60 oil or he is death sure oil will be a lot more expensive in future.

Just wait until he give 10p dividend and he will increase buying a lot more. Hope he have some time left for work too

Ouch, his weekly allowance decreased? Or it’s just Monday yet?

Lol:-)

Lol, not only gangster but greedy too. Nice welcome for Trump at UK:-) Someone was busy cutting the grass

Hi Chilting, Yeah, but I doubt it’s a one man job and specially putting a massive hedge would require AB and other directors involvement. Worst case scenario by doing this would been that oil would now be at 90-100 at this time. But I would be happier then ever and start hedge into 2020.

Yeah, but they should have hedged as much as possible last autumn at 80. Then we would safely done 500 million FCF And share would been nowhere near these levels

Interesting guy Timis

Yeah, many have it far worse then Enq.
Enq will do ok this year even with these oil prices.
Think next year they should limit capex as much as possible until paid back more debt or seen more stable oil prices and been able hedge at higher levels.

Some interesting links

https://www.rystadenergy.com/newsevents/news/press-releases/Just-10-percent-of-shale-oil-companies-are-cash-flow-positive/

https://www.dallasfed.org/-/media/Documents/research/energy/energycharts.pdf?la=en

https://oilprice.com/Latest-Energy-News/World-News/US-Forces-Blow-Up-Three-Oil-Tankers-In-Syria-Enforcing-Oil-Embargo.html

Thanks Dol and Jan

Thats nice MO

Let me know if you visit here and could have a beer or wine if you prefer.