Member Info for Therapist

Whaddaya think My Stick?? Be positive. One more chance but the furlough scheme isn't viable anymore and who knows where you will end up.

GLAXXX

We want the news that the share price spiked not that Pelle got spiked.

GLAXXX

Wise words Oiluser. Bit late on a lockdown Saturday but I bought 11.8 shares at 100k. Thanls for your input. Good hand eye co-ordination and wobbly hips? Looks like I jumped . . . .boing.

GLAXXX

Smalltrader,

"Now anyone know where is Mr. Neil H/Mr Ponzi?"

Volunteer distributing NHS incontinence products in S****horpe and crop picking in Lincolnshire respectively. Have forwarding addresses if required.

GLAXXX

So says marine traffic messaging. Has been a false start before but could be.

GLAXXX

January,

"I'm your private dancer
A dancer for money
I'll do what you want me to do
I'm your private dancer
A dancer for money
And any old music will do"

Stay alert, stay alert, stay alert . . . nyyeeearrrrrrrgghhhhh

Hi McLondoner,

I'll go with the Magnus rebound theory. My Jan 20 to Mar 20 figures still come up high on the ops update Jan to mid March figure so that could mean low production to mid March and then the rebound commencing from then? Let's not forget Magnus was doing over 20k boepd regularly.

I have Magnus factored in at 18k boepd for rest of year with a couple of weeks outage and come out at high end of guidance all else considered.

GLAXXX

Hi Sapperno,

While you are there, If you happen to find a 2m mirrorball, some ostrich feathers and an unopened crate of baby oil could you post them on to me?

Had to be there, no disreespek, former career.

GLAXXX

I'm "In" and so are the OGA March figures.

Crathes in decline but Scolty slightly improved 11407 bopd between them.
Grouse had outage through most of last three months but now back up to 700's
Kraken dropped 5000 bopd or so from high levels of past few months.
magnus still idling around 13k bopd.

I make it 60,913 boepd with usual Malaysian estimating.

GLAXXX

Squif,

I was thinking about Seapulse also.

FPSO Enquest Producer, 5 years old, one careless owner, Enquest Blue with go faster stripe, 625,000 bbl capacity, sleeps 97, available for deployment H2 2020. Floats, Produces, Stores and Offloads better than a diahorretic squirrel on a life raft. This FPSO will make you attractive to the opposite sex. £500 million ono.

I might get an email from Enq marketing when they read this.

GLAXXX

McLondoner,

Dude you put in the hours and know your stuff. Are you on furlough? Harsh realism but welcome.

As you probably appreciate I am an enthusiastic layman. I think those running Enq know the industry better than we and I wonder whether, to make Kraken's cherry shine, the relevance and premium of IMO2020 wasn't a known at the outset. A projected $10-$30 premium for next few years would have put a glossy shine on the cherries and then we met Corvid 19.

I know you were talking about the case for original investor but I can still see shiny cherries at the end of the rainbow and look forward to some pounding at the 60p party. That would be music pounding HMH!!.

GLAXXX

Hi,

This has oil numbers.

https://www.dropbox.com/s/f0znwnf6es4w2by/Enq%20Oil%20Prod%20data%20Jan19-Feb20.bmp?dl=0

red=-5%
green =+5%
amber = between the two

OGA figure column 1,Working interest percentage shown or estimated oil gas split for Malaysia column 2, traffic lights percentage on previous month column 3.

Enjoy.

GLAXXX

Hi McLondoner,

I have Kraken improvements factored in. 2020 is about 1200boepd up on 2019. I went a bit conservative when they mentioned field decline and maybe tail end of year allowing a slowdown for weather and conditions etc.

I thought Kraken could run on gas and would prefer that to be used before my premium grade Kraken Oil was burnt.

Agreed on difference between reported production numbers and oil sold. I have called the latter Sales Volume estimate in the graphs. My spreadsheet tries to marry known OGA figures to company reported figures by stripping out gas or looking at oil gas split in Malaysia and then applies a shrinkage factor loosely based on historic reported sales volumes which were reported until HY18.
Will look closer at your further calculations/machinations when time allows.

In the meantime Navion Oceania is on her way to see us.

GLAXXX

All,

I just liked Pelle's post but had inadvertantly moved from Placera to LSE in the alcoholic blur of a Friday night. What I was liking was this by Rascal on Placera:

https://translate.googleusercontent.com/translate_c?depth=1&hl=en&prev=search&rurl=translate.google.co.uk&sl=sv&sp=nmt4&u=https://kanaljensblogg.blogspot.com/2020/05/africa-oil-vs-enquest-vs-ipc.html%3Fm%3D1&usg=ALkJrhiwz6BTeZK8adqvlc45gWrMnF62Uw

Nice and simple but with apparemt knowledge which is good for me. Lease cost of Kraken outside of production cost? Is that correct?

GLAXXX

Hey McLondoner,

Magnus has gas and I have that at about 4024 boepd for 2019 and none now used for gas lift. Adding that to the oil helps but I still have a boepd estimate way below the current guidance, New wells doing well maybe?

GLAXXX

All,

Some nice graphs on a nice day.

https://www.dropbox.com/s/e9jth13lgbur46q/Enquest%20Production%20Graph%2021.05.20.pdf?dl=0

Usual caveats apply.

These have my predicted 2020 production on and get me to 62249 boepd for the year so in range.

GLAXXX

All,

I would like to declare a 20% rise a "Restoration Spike". If that doesn't go down well then a "Footwear Survival Spike" as an alternative offering.

At last the graphing is requested so I'll tidy it up and put it out there soon. Maybe my ongoing "fishes" allowance will tempt GKB back in?

Latest input/opinion on production/operations/financing really appreciated.

GLAXXX

January,

Relax, it was a pishing thing not a pencing thing . . . and at 13p there wasn't enough upside protection on my snakeskin loafers which I intended to wear at the virtual AGM.

GLAXXX

January,

Well played. If this goes to 20p tomorrow your wife can come round and p!ss in my shoes.

GLAXXX

Kraken,

MO is out there observing but a return visit to our universe would be nice. A repairer spike also. In hindsight for the 4 years or so that I have been invested for 90% of that time I have needed this baby to double to break even and I'm still there having averaged down when I can. Not at the levels that a lot have mentioned but still a big % for me. Still think it's going north bigtime conditions permitting and I sure do know a lot more about their finances and operation.

Stay safe, wash your hands,

GLAXXX