Member Info for Pelle

Hi E

Thats great detail information about interest.
I have some possitive update for my spreadsheet:-)
So 130 milj for 2019

How much do you have for the Kraken leasing cost?
(interest + reduction of leasing loan)

Minerb

Have you checked Mood's last update on numbers based on 65 usd oil 2019?
Enjoy weekend and dont forget to check oil price today.
Did you manage to close shorts today?

Hi L3

Dont worry about the oz loan, its designed so they will pay it of within 5 year with some margins.
I Dont know exact details whats included, leasing cost and capex but it really doesnt matter in big picture as this is just 10% of Enq loan's and if something included/excluded in oz it will opposite on Enq.

Your right about interest calculations but will go down this year with 25 milj barrels and bit less amount too.

Minerb

I forgot to say, please present your Magnus numbers here and we happy to review them

Minerb

Please do the numbers yourself for Magnus, everyone else here have done it.
Include both the 25% and the 75 %.

Minerb

Sorry to hear, so you lost money last months or bank taken your shares and your angry because there was a short term drop in oil prices last months?

Yepp Kraken, its too late short Enq now.
Magnus should really do magic to our cashflow as its not only the 75% its the 25% also.

Hi L3 Oz deal, I think numbers are realistic If assume 30k 15% I get 1,6 milj barrels Assume 20 usd opex Oil at 60 FCF 40x1,6 = 64 milj /year If leasing cost also should be included Its another 10 usd/barrel less So 30x1,6 = 48 milj

Haha gkb:-) Good one, fits perfect here!

We ? I doubt you paid anything for Magnus. Oz loan is cheaper then the RCF it replaced. So please continue replace more loans with cheaper ones and debt reduction will be even faster

Have you considered Magnus close to 20k and the cash flow deal from that? Kraken at 30-35k is guidance, if we come close to 40k its jackpot.

Fully agree Kraken, In spring we will be back at 70-80 range and debt reduction will be massive. Looking forward to the 60 p party in summer

Yes, I think we will see 70 oil already in February. Cuts start to impact from now on and they will cut even more in February.

Hi Romaron

You were bit disappointed because no one gave a opinion or feedback on your view.
Now you say " so many closed minds" :-)
I think most here just trying to be realistic and honest what they think.

Hi Romaron

If stars on POO align and Enq starts to pay down debt quickly the price tag (shareprice) increase a lot.
I dont know how much money AB have access to or how he is related to these other owners.
AB have not increased his % through the last years, just a couple of million extra shares now at low price on top of his part in open offer and RI.
For AB to take over this I would consider very long shot. ( or as Soder said zero chance)
Maybe , maybe we could see some merger with some other company to faster get use of Enq tax position and put the combined companies on a more solid ground. But long shot to.

Main road for Enq will be to continue as last years, pay down debt and try increase production with another Magnus typ of deal that doesnt need any money upfront now.
So I will keep my eyes on how fast debt reduction goes and I was not impressed by July-Oct 50 milj from operations with those oil prices.

And if someone would offer me 30-40p today I would be happy to take it as there many other companies gone down 50% last months.

Hello

Soder posted this 23 Jan.
Based on his posts, I consider he know little bit what he is talking about.

Squiff, don’t worry. There is zero appetite from any credit provider (banks, hedgies etc) to lever up oil companies. Unless AB can pay off over 1.8 billion of debt on his own he has no ability to action a buyout. Literally zero.

Hi E,

Yes, remember I heard that too

Thanks,

And Kraken's statement on US saudi imports.

Looking at Crude import country of origin, US imports of saudi
I see its up vs last week and up vs 4 weeks average.
So we dont see cut's bite really yet

or?

Hi Kraken

Where do you see it?

Don’t Mine RuBbish, Oil will be back in 70-80 range before end Q1