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Hi pelle.
Fully agree but i have given up predicting price movements with this Sp. I did think this morning that maybe we do indeed have a case of the tail Wagging the dog. Although enquest didnt downgrade kraken assets it was quite clear whom the market truly believed. If cairn indeed revises up their evaluation of the 2p kraken assets again this could have quite a big impact. From memory they scrubbed 30% which for little enquest corresponds to about 30m barrels. Hopefully with the capex projects they have Lined up this may translate to larger asset revisions. But tbh ab is really a spent force as the CEO. I agree that he has Steered the company through some tough Times and as romaron writes we were probably bankrupt around the time of the first Ri. But we need a Fresh face at the wheel and why not Bob. He could step up and ab could become a major shareholder and non Executive director. I do believe the potential isvthere and Malaysia could be a good upside.

Fully agree pelle. I have spoken highly of Ian Wood in the past but if this indeed comes from him then a) it doesnt make sense and b) is share price influencing and c) does not align with earlier information. I have also been thinking if sp is 19.4 p with brent at 67 what is the sp if we drop again to 60 which ishighly likely ....

Hitman - they tried with some vague statements around roi and npv that were difficult to relate to. If we believed that then the Mcap would be over 1bn and we are sitting around 400m

Tbh right now any upward sp movement is completely due to brent. Downgrade movement is Both related to brent and enquest.

Sorry hitman i have missed that one. Is that an updated price target if 18.p from barclays?

Lol. Hitman - if that happens i will eat up my shoe :-)

Gb - unlike pelle i am not calling for dividends. If we cant afford debt repayments then we cant afford anything else.

This is really disappointing. The sp will. It move anywhere until what enquest calls net debt is under 1 bn. This is over...

Yes krakenoil. It really is a scream :-). Poo is 15 bucks higher than this time last year and we are at the same sp

Will be very interesting to see what update cairn provides on kraken at their ops update. Hopefully they will reflect the good production uptime - this seems to be reflected in their sp so i think the market is onto something. Even bumi is up 229% yoy. Even little enquest has Done well yoy - 0%. Hopefully bodes well for a little positive return in 2020!

Tremendous news. Thanks chilts

I feel so Happy for cairn shareholders. They Will have a Happy xmas. I Will be eating bread and drilling water. Cheers AB!

I Hope to still be Young enough to enjoy but suspect we are funding ABs retirement fund

Pelle and krakenoil - i can See that you have picked up Where i left off. I am past this stage and entered the stage of apathy as enquest shareholder . Ab has sucked the life out of me as a shareholder.

Agree Pelle. I think that major shareholder exit is pushing down sp but What to Do if the CEO doesnt Do a good job selling the company?

Sturdgeon may want a vote but she has no leverage so if Boris decided to not listen to her then he wont. Done it before. The matter is decided like brexit. Lets get it Done!

Cmon girls - stop getting your knickers in a twist over scotland. Gove has just come out saying their wont be a new vote so stop looking for problems that arent there

Hi Romaron. Thanks for the interesting reading. It is frustrating for sure and something is occuring in the background and your theory is as good as anyone elses. Yes I agree we were probably teetering on the brink when the first RI was made. I do think that sometime in 2020 we will see a violent revision if the conditions of above 70k production and over 60 Brent. I indeed see that Brent may actually make its way up from here based on disappointing growth in US production, the OPEC+ agreement and a weakening US dollar. According to my spreadsheets if we average 72k and have a brent average of 65 then with Opex around 22 (could even be lower) and capex of 200 and interest of 260m will bring our net debt down to under 1bn. If brent rises significantly this will be reflected in the sp during 2020.

Heres hoping. Thanks for the updates chilts. I prefer safety ahead of a rushed load

Absolutely. I have also sent him a sizeable donation through 2 RIs as well. Hope he is enjoying the money. I certainly am not