Member Info for Pelle

Hi E,

You know AB is entrepreneur, first in line and show the way for others:-)
I think we soon back in the game with kraken 30+ and POO 65+!
What is more interesting, what asset is next Enq will add ?
This will be game changer if we add more assest without any cash upfront.

Your welcome Fernan,

You and L3 called it most right with flat prod 54k for 2018.
in my view you seem to be one of best knowledge people here.
What is your take on how likely we will see Enq add another asset in this year? Any ideas?

Hi E

Yeah, Enq is bit of pioneers in reducing global supply glut:-)
February will have better oil price and they can produce more now when Opec do the cuts.
Will be interesting future, Kraken,Magnus,Alma

https://itportal.ogauthority.co.uk/pprslive/production-data?start_date=Nov+2018&production_type=OIL&production_unit=OIL_FIELD_UNITS&operator=ENQUEST+PLC®ulatory_jurisdiction=ANY

Hi L3

Yes, Alma was nice to see, maybe can continue increase
Magnus I expected bit higher
Kraken we knew it was lower

I think we already knew 54k ish end year, Kraken will probably be bit lower in in Dec but with 100% Magnus to weight up

Oga Nov data out now!

Hi Boggi

Not sure about that, never heard if my memory is right.
But they taken a lot risk in early days and still do in other companies.
Are you swedish?

Hi Boggi

Family is almost 3rd generation in oil business yes.
But they started several companies and sold of and restarted again a number of times.
Before it was called Lundin Oil for example.
Lundin petroleum was fonded 2001 and put on stock market with small marketcap

Hi Kraken

Think oil will break 65 next week and 70 before end Feb.
Just to sit back relax and enjoy while shorters need close position

Hi L3

Lundin petroleum family often get there investment right, started that company 2001 and share was 2 SEK now 300 SEK. Enq was started with some older assests from Lundin petroleum and Petrofarc if I remember correct.
So Lundin also gave share holders, shares in Enq,Etrion (solar) and IPC oil during these years.

Thanks MO:-)

Good to see you back sometimes:-)
I should do like you and spend less time here

Minerb

If you think Enq and OZ misscalulated and used the wrong opex numbers so loan cant be re-paid.
Then please contact IR and hand over your numbers so they can correct calculation.

And also other things that worries you, contact IR!

Good luck on monday!

Hello MO,

Thanks

You really know the drill:-)
Interesting they drill them like that. Didn't imagine it.

Cant wait to see TL gone, pay the bills, reduce capex to minimum after summer, maximum focus on debt reduction.

Thanks Chilting and E

Not so many tankers on the radar then.
Will be interesting see the OGA numbers for Magnus soon

Hi Chilting

How do you know for example Heather Knutsen is busy?

Have anyone seen movement of Transocean leader?
It was 3 holes to be drilled, do we know if its on second or third one now?

Good morning E

Thanks for leasing cost data, I dont have my spreadsheet here but 2018 I think I put in
Interest cost loans + leasing cost including paydown = around 300 milj
And for this year approx 10% less.

Your right in investment, its very personal.
I also like the outlook here risk/reward and thats why I am fully loaded here.
2-3 really good years here and share can be 5-10 times higher!
But with the massive SP swings up and down during last year, I am bit reluctant to put even more here and understand L3 and thats why I suggested two other great shares.

Really looking forward to next week
Have a nice weekend

Hi TGF

I think we are in good position, OPEC + russian will follow through with promissed cuts and even more.
They did excelent job 2 years ago and will be same again.
Dont understand at all your fear of Putin in this case, he want this too.

Trump might have fooled Saudi once to pump more for Iran sanction and US mid term election.
But Saudi will get that back and Trump also understand that world and US need bit higher average oil prices.

I think we will many happier days in spring:-)

Have a nice weekend

Hi TGF

Dont follow your numbers exactly but I understand the logic.
So basically they need choose between camel or ferrari?
I hope they really thought it through with the cut's

Kraken ,63 bucks? I have 64 on my screen

L3

if you want other oil shares maybe consider Lundin petroleum or Tethys.
Both will pay big dividends this years.