Member Info for Therapist

Hi,

This from Serica report today:

https://www.dropbox.com/s/01sygeaofm0xv24/Serica%20Jul%2022.jpg?dl=0

Gas average reported at 177p/therm which I have as approx $113 per boe with "modest" gas hedging.

GLAXXX

Hi,

This was fromPelle on Discord but I think it is worth sharing, IPCO realised oil price at Bertram Q1 22 against an assumed Brent average.

https://www.dropbox.com/s/o7pni6o4gh0gm2m/Ipco%20Q1%2022.jpg?dl=0

Cedit to Pelle

GLAXXX

There is often theorising with regard "premium" but this is good evidence.

Hi,

Kistos purchase of portion of Greater Laggan has to be good for Sullom Voe:

https://www.offshore-mag.com/business-briefs/company-news/article/14279392/kistos-joins-west-of-shetland-gla-gas-development

and

CeraPhi are above the radar and committing to stuffing it down Magnus

https://www.thinkgeoenergy.com/ceraphi-announces-manufacturer-to-begin-development-on-closed-loop-geothermal-tech/

Someone from Enquest could put a spin on it?

But they don't.

I've decided that I am with them. Keep shtumm and survive to lessen the risk of someone glueing themsleves to your forecourt.

Quiet Please, Amjad to serve . . . . and it feels like the fifth set.

GLAXXX

Hi,

Yes, unfortunate quoting of an unpartisan Orcadian who have no production and only an investment case bettered by any incentive.

I cannot believe they are still fluffy on a definition of "Normal". Might be $60 to $70 but we are looking into it. Name me another democratic tax in history where the baseline was "Normal". Maybe Richy has had enough of numbers at the Exchequer and will campaign to ban them as PM. Too measurable, too accountable. It is a sign of an insidious and lazy government. "Just about enough not to revolt" being the ultimate goal.

With regard the oil price I currently don't think it will get anywhere near $70 but that is not the point. We know there are pandemics, we know there is war on European soil. Black Swans still have to **** and rules should be defined.

Frikk they make me sick.

On a lighter note some will be relieved to know that all is good with Neil Hannon at Space station C Unst. Now fully trained, he has made first launch just behind a three year old gerbil and awaits a date.

https://saxavord.com/successful-test-exercise-and-launch-simulation/

The reassuringly named Head of Operations "Mr Slaughter", despite lack of test launch, seems to think all is good with emergency organisations and promises they will stay well clear of Armada Kraken.

GLAXXX

Hi,

Last Kraken load is currently offloading at Scapa Flow and going to Fujairah. I don't think we have had a load go direct ex Europe for a while but as the VLSFO price difference to Rotterdam widens maybe it becomes cost effective . . . and beneficial.

GLAXXX

Hi

Altera Wave at Kraken tomorrow at 1200. The Kremey Kargo of Kretaceous Kraken Oil as desperate for a snergelly hose as Bojo is for a lifeline.

I have also discovered the filter button and lost a lot of board based therapy sessions because of it. I'm good with that, but would add to the compendium of sage investing that: "If you leave a bunch of monkeys in a cage with a loaded typewriter they will inevitably work out how to wipe their arses on it."

GLAXXX

Hi,

Let's bring it back to the penguins.

I find it frustrating that the PR is that of a shrinking violet but look at the UKOG AGM and Silverstone today. There is a good argument to keep the bunting in the cupboard and try and stay below radar. We are a stealth penguin. I think this must be strategic and more so now than ever. It has to be difficult to announce success when you are in the sights of so many wanting to poop on your doormat. Half Year results, 6th September "tbc" (keep 'em guessing), should be interesting.

Fun Penguin fact: "Male penguins do not have *****es, but both penguins have cloacas which functions for metabolism and reproduction."

IR have always responded quickly, precisely and politely if I have asked a question. Not often, and I usually state that they probably have something much more important to be doing.

GLAXXX

Hi

Uzma, loud and proud, finished the workovers, ahead of schedule, no lost time, happier than Ammu at a Custard Pie sale.

https://www.instagram.com/p/Cfc8Nf7hR_Z/

Enquest . . . . snoooooooooozzzzzzing.

GLAXXX

Hi

I can tell you that in line with May Operations Update to April production is as expected with April NSTA data in. I won't dwell on the numbers. All is good.

I then typed a mental wellbeing message linking a hippo whiplashing his faeces with a speedy rotary tail action to represent **** hitting the fan and then a section on Sesame Street Elmo feeling happy and sad with Kermit to illustrate things can only (possibly perhaps) get better but somehow deleted the links.

Googoo them if desired.

You are either in or out and know what you think you know but frikk me this is a mind mangler.

GLAXXX

Hi

Proof of Magnus drilling.

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1087263/DR-2264-0.pdf

All that extra product bound to take a few more pence off the share price!!

GLAXXX

Hi

Wonder if this takes in Eagle?

https://www.tgs.com/press-releases/tgs-announces-seismic-reprocessing-project-in-central-north-sea

Whatever happened to Eagle and Hibiscus? Industry supported project.15% or more , developed after 2025 to give Richi the finger?

GLAXXX

Hi,

I've now left my consultation comments but for credibility left out the bit about my dribbly hose.

GLAXXX

Hi,

Nice suggestions Tommo. This is where they should go: tax.oilgas@hmrc.gsi.gov.uk, consultation closes tomorrow 11:45.

I think decommissioning costs have been very ruled out.

I can't believe they haven't even thought of a distinction between oil and gas price and no mention for a trigger price for this to stop or restart. Don't even start me on a reference to an actual realised price (hedging) and its relation to a trigger price.

What a shower of disconnected ****. Let's say a new Covid strain hits and the world goes tits up again or WW3. Frikkin muppets and they are making the laws that govern this country. Wouldn't trust them to mop up the drizzle on the end of my snergelly hose.

GLAXXX

Hi,

https://www.gov.uk/government/consultations/draft-legislation-energy-oil-and-gas-profits-levy-bill

https://www.gov.uk/government/consultations/draft-legislation-energy-oil-and-gas-profits-levy-bill/draft-explanatory-note--2

I had a go but beyond me . . . .

GLAXXX

Hi,

Nothing like a fresh tanker to take away the long lasting, self fulfilling Enquest Blues. Petronordic to load up another Kremey Crop, probably valued at more than the entire company. Due tomorrow evening.

Update on AGM Q and A's when you are sober and stopped fighting please.

GLAXXX

Hi,

I know the Golden Heart and of the landlady. It was the local for an old friend.

Ashurst are indeed lawyers of choice having advised on borrowing, re-financing and project antelopes. Whether there is a 10:00 meeting to sign on the dotted line before the AGM we won't know till the day. More chance of me being shat on by a passing black swan.

Wanted to come to original but can't do Friday. Make 'em sweat.

GLAXXX

Hi,

Just seen a Maybank Investment Bank note on Hibiscus updated to 31st March. A few parallels with Enquest in North Sea - Anasuria and in Malaysia - North Sabah. I know this can be skewed by hedging but averaged realised oil price Anasuria $122.28, N Sabah $89.58. Average Cook and Teal gas comparable to Magnus gas, my calcs have just under $139. Interesting.

GLAXXX

Hi Sipp,

"I cannot attend the AGM as I do not own any shares" They're not even 60p a pop. That's somewhat less than 5p a question. Surely worth a punt and there might be Prosecco and nibbles?

I would have gone to the original shindig but can't now do this one. My question, which is mainly as a heads up for the debt collection goons ; "What's happened to Swinney??"

GLAXXX

Hi 3dart (60,60,Bull),

My daughter has just finished a masters in environmental science focussing on marine environments and I tag along pretending to understand. David Attenbourough is now a double Sir. The clever, rational science people have universally called it and I think it is therefore foolish to be in denial. I don't think many actually are. As has been mooted here the problem is in demand and not the production that serves it, and therein lies the confusion.

I recently completed a sustainability related online survey which asked for a "discussion point" comment, mine was "Are fossil fuel extractors the bad guys?". I don't think they/we are. I think they are by far the major part of the solution, and there is an ongoing battle to be won to convince the world that is the way to go. A battle of trust that minimal comms Enquest could do with taking part in.

I don't think it is nonsense, and I occasionally "like" Chilts!!!!

GLAXXX

Jo Lo maybe??