Member Info for Renndava

Things about to get interesting…..

- Libya’s top oil field Sharara halts production following protests

- OPEC+ Re-Affirms Commitment to Market Stability: Statement

- Deadly blasts in Iran

- US seeks up to 3M bbl crude for SPR delivery in April

The only issue is the potential of a raise. No other risks as far as i can see. Huge upside and serious potential for them to be taken out the game completely at these levels.

HNY folks - time to blast through the 200dma

Its massively undervalued so wont be surprised if it does blast through 17p. EP FPSO is worth £200m on its own.

Any close above the 200dma would be nice

Dot, is that a view by technical analysis?

Enquest could go and take out the likes of deltic with that money for more exposure to Gas. They are cheap as chips at the minute.

Lots going on behind the scenes. Wonder if they have something lined up to buy into outwith the UK?

Another thought - given Enquest are sheltered from 40% corp tax for tax losses of $2.3Bn it would make so much sense for HBR to get in bed with ENQ on its NS assets. Would it not transform HBRs UK portfolio from loss making to profit making overnight?

Or merge ENQ into it too and take advantage of the tax position?

Surely HBR will be keen to offload some NS assets now? Especially to a company with some tax losses….👀

The completion of 36-2 well test allows a revised CPR. That in itself should be a significant value catalyst for the share.

You'd like to think there is more to all this than just the president opening the mine?

Setup for the opening ceremony looks very impressive. had a my doubts a few weeks back as it looked like things had ground to a halt on site but looks like it was due to the second offtake agreement happening in background. This has huge potential now if lorries start leaving full of coal next week. .

It was explained previously that a hose failed which was the initial issue. Then the valve failed and then the BOP failed to cut the pipe and shut the well in. Cant remember if that was in an RNS or an interview but it has been communicated.

Yeah but Ezhik was alluding to that from 36-2 which is beyond optimistic to say the least!

5000bbls a day and it will be more like 14p

Anything over 1000bopd would be exceptional

They have already said it should be quicker than the 4 weeks previously forecast.

not really cleared anything up and very odd not to even mention the rumours or first sales.

it was always a question i had that if the offtaker wasnt ready for the coal or needing it we wouldnt see any revenue. continue to hold but complete **** show.