Kinda hope that the quarterly report will show a big enough red + no mention of kraken => that will trigger a sell down for the perfect buying opportunity before Kraken first oil announcement.

Jefferies Report - Release the Kraken:
With the FPSO hooked up, as well as risers and umbilicals now pulled in, commissioning work continues at the turret area and topsides which should be less
weather-sensitive, giving more comfort for a 2Q17 start-up.

Pareto Securities Report - All Eyes on Kraken:
The Kraken project continues to move forward towards first oil scheduled for Q2 2017. The FPSO arrived at the field in February and is currently going through final testing and commissioning. Enquest further reports that drilling performance to date has “significantly de-risked delivery of the project to and beyond first oil”.

UOB KayHian - Detailed updates on Kraken:
a) Following entry into the Kraken field on
13 Feb 17 (the anticipated date for a favourable weather window), the FPSO was moored
up to the STP buoy on 15 Feb 17, with all locking arms engaged and full rotation tests
completed. Enquest mentioned there is one final rotation test to be done with the turret
pipework fully attached. b) All risers and umbilicals have been successfully pulled into the
FPSO. c) A major milestone achieved after the heavy 600-tonne swivel stack has mated
with the STP buoy which demanded a highly weather sensitive operation. d) Work is
continuing on the turret area, pipeworks, topside commissioning and subsea systems
(once the turret area is completed).

Earlier, there were concerns over whether Bumi Armada is able to re-negotiate the 1 Apr 17 backstop date, whereby the clients have the contractual right to terminate if the first oil is later than the said date. This is due to uncertainties in timely execution arising from weather
conditions. Judging the comfort levels from both clients, we believe project’s execution
risk is very low at this stage.

Agreed, hope it gets hammered down more this week by those who are nervous.

The probability of first oil increases as each day passes but share price is going down, that's when value emerges from an irrational market overwhelmed by impatience and nervousness. ;)

Enquest is so leveraged, how will they finance the purchase of the FPSO? More debt? Who's gonna lend them?

buying pressure is building up on top 5 buy bids

steel your guts. keep accumulating. you won't be able to predict the low point.

4.5m shares sold at 0.790 chance to accumulate!

Someone is capping the stock price around 0.795-0.805 to take profit in a controlled manner. ZZZ

Oil price up.
Armada Kraken first oil announcement...tik tok tik tok tik tok...

time to accumulate now before the next shoot up in price. since long stop date of 1 April for Armada Kraken already past, if there is any negative development (e.g. contract cancellation by Enquest which is highly unlikely) Armada would have announced it. Chances are Enquest is happy that first oil will be due soon, and you'd want to buy before announcement. And even better, buy on weakness which is now before someone else jumps in first.

Buy now before they announce Kraken first oil. By the time first oil happens - institutional investors who have eyes and ears on the ground will probably have a 12-24 hours advantage over retail investors before Armada announces it. By the time you hear the announcement from Armada, the price is already at 0.80-0.85. By the time you decide to enter, your returns are only half of what it should have been.