Member Info for ZippyFrood

I’ve opted to take the cash. There is so much shadiness going on here that despite the new board members etc, they are fighting an uphill battle.

Luckily I bought in at 1.2 so that’s a good return.

The whole defrauded by fake Qatari investors etc is like something out of a comedy sketch. Except it’s not funny.

Interestingly II told me as it’s an AIM share they do not automatically send voting emails to accounts so I have registered by intention to take the cash directly via secure message in teh app.

E121, here’s hoping the ESG uber alles cacophony starts to die down a bit - https://www.telegraph.co.uk/investing/funds/investment-star-terry-smith-attacks-unilever-ludicrous-focus/ - hopefully some green shoots appearing in that regard.

GL all

KO what do you think the catalyst for this move would be? Do you think AB wishes to reach a certain # of shares to recoup his 2014 losses?

I wonder what the other large institutionals ask ENQ regarding the news flow and terrible share price reaction? I suspect most of them have held since 2014 and before.

I recall the original strategy was along the lines of develop Alma, develop Kraken, flip for £3/share….

Lol damage their reputation!!

At least you’re honest.

Make sure you become a positive cheerleader once you’ve bought in, get the algos pushing upwards.

Exactly Jan.

The weaker viral variants are the ones that survive and become endemic precisely because they don’t kill their hosts.

This has been mentioned on the media several times by the level talking heads but then it doesn’t fit with the mass panic and control (if you believe in that) narrative that is being pedalled.

End result, more mass short term volatility in arguably THE key resource of modern human society.

I remember when oil used to be up or down for years at a time. Now the market value of the crude market changes hundreds of billions in a few minutes with alarming regularity.

Ammu I’m curious, are you short ENQ or just looking for a lower entry?

I’ll assume you’re not here to gloat about any of the other posters losing money.

Your posts seem to be quite gleeful about negativity and whatnot and you only really seem to post when the SP is red.

Do you want ENQ to succeed long term?

Thanks

Well done - so you’re just under 3p up.

Great article Modestus, nice and optimistic.

It’s even made KO a happy holder.

Maybe it can even encourage Ammu and Squif in to some happy thoughts?

KO, you should ask Ammu and Squif what their short position is. Or if they are looking for a lower entry point. Must be one of the two.

Hi Therapist,

Is it bad press? Probably not as bad as the earlier gaffs, having some top end PR and lobbying with access to law makers is a good thing.

I don’t think BEIS/OGA are stupid and will continue to act in the UK and the exchequer’s best interests.

When it comes to it, a carbon intensity/BOE As low as Orca’s proposed should be applauded and this type of expenditure and income will be what funds the energy transition. Not the knee jerk “stop it all” approach.

I’ve noticed Ammu only appears when there is a slight hint of any issue. It appears and then tries to blow the issue out of proportion. Like a shorted or someone wanting lower entry point would.

I would imagine there will be some bit of kit buggered on one train. Bumi will have contacted the OEM. OEM (say it’s Siemens) will say oh 12 weeks delivery. EQ will rage Bumi not holding capital spares. Bumi will go back to Siemens and negotiate, 12 weeks becomes four weeks plus 50% cost. Part should arrive soon.

That’s how these situations roll. Remember that Bumi got hammered before when the FPSO was operating below par, so I imagine there were currently be a reduced day rate.

Pretty simple and not a massive conspiracy that an RNS is required for. Things happen operationally and they get dealt with and contractual mechanisms provide some protection.

Lol I did think that mcap of £1 was pretty negative, even for you KO!

Thanks for the link E121

Better not be a target miss…..

So now we’re talking about electrification of Kraken.

If memory serves, these big boilers are usually below 50% thermally efficient and a large FPSO needs about 30MW of electricity power . For 30MW of electricity you’d need 60MW of boiler heat. I know gas turbines are more efficient but Kraken and EP don’t have them.

If we’re generating the electricity you would still require 30MW constant load.

Does anyone know in the electrification plans, are back ups for wind generation allowed? On a windy day the UK gets maybe 50% of its electricity from wind but on a calm day it’s maybe 5%.

What would Kraken do to secure 27MW on a calm day?

It’s fine for Norway as they can run huge cables from the hydro grid and that’s 99% reliable.

Any insight is appreciated.

Thanks

Great news - the Kuwaitis can cut their crude production to 0 as their commitment to net zero.

Everyone’s a winner!

Hitman,

We also had pigeons in the garden, they were eating what we hoped to be autumn broccoli. They were very blue on the neck, like the EnQuest blue.

This is a sign that blue will prevail over green in at least the short term.

That’s what I took from it anyway….

MRC is that a good idea? You know, with the Kraken fuel situation…

Good point onedb.

End of 2019 had impairments of $562m and $630m in 2020 through change in oil price and reduced production. I remember there was also the Kraken impairment (reserves reduction) in 2019 which I think was reversed in 2020, though not sure where that sits net.

Surely some of that to be removed and valuations adjusted accordingly?

I am not an accountant so not sure how all works.
Cheers

Jan you make a reasonable point about plc prestige. However I recall an AB interview (search for “Amjad Bseisu the ultimate outsider”) in which it is stated “ Denies he's a billionaire, but admits he's "close"”

That’s when EQ shares were trading for over £1. Must be galling for him to have almost achieved that level.

Maybe money matters more?

The interview is work that a read as it’s a good snapshot of 2012.