Serica Energy Share Discussion Threads

[dunderheed] 11/3/2018 09:04

FB how old r u matey?

[fardels bear] 11/3/2018 08:59

I can get 1.5% in a bond... But I can't live on one and a half percent. I have expensive tastes..

[chestnuts] 10/3/2018 22:56

Fardel

If you want to play safe give it to me to look after it for you i will give you 1% interest for every 12 months

[fardels bear] 10/3/2018 21:59

D'y'all think I should buy another 50k SQZ or buy more in a nice safe fund like lindsell train global... I'm up 9.5% on lst global in 6 months and I'm getting toward widows and orphans at 62...I just sold 35 grand in a UK fund that isn't going to provide much as a a return.. And experience tells me at my age to play very safe..

[dunderheed] 10/3/2018 09:44

Honest Nige it ain't me fella.
Now I'm conversing with you I can't get that bloody (making plans for?) Nigel song out of my head !
By the way, that sanctimonious EE does my bloody head in. Let's face it, he got 'lucky' once (!) and sees himself as the world's greatest e&p expert.
Right sightseeing today so off for now. Best of luck all.

[nigelpm] 10/3/2018 09:14

You're not fooling me Isaac - exactly the same posting style and you're winding people up on the SIA board as well. I'd spot you a mile off with your amusing style ;-)

[chestnuts] 10/3/2018 09:09

Dunderheed

Thanks for the investment advice, i will add at 62.5p on the 16th April

[dunderheed] 10/3/2018 08:54

6025, wafi! Now I know you're an ultra intelligent free bb laptop warrior but...
please don't imply I am another avatar!

I am and have always been dunderheed and post using that same 'name' on other boards as well*.







* please try and imagine those words said in a 'booming' 'keyboard warrior' type of voice.

[nigelpm] 10/3/2018 08:45

Cheers Isaac.

[dunderheed] 10/3/2018 08:20

Yes thanks.

[nigelpm] 10/3/2018 08:17

Rather than waste management time seeking clarification for what was already in the RNS did you receive any useful information about shutdowns or variability in production profile since the restart?

[dunderheed] 10/3/2018 07:40

For sure. Not knowing where the issue is located or the materiality of problem, I'd say however, that is very much a minimum 4 week job for next periods (yearly) maintenance or, if they're lucky maybe could bring this forward? Ie yearly maintenance hence negating the need for original scheduled period?
're production profiles rns'd yesterday I have been in contact with sqz and was impressed with their speedy response. 'The accountant' is right they are the average profiles for production since start up on Jan 12th not the cumulative yearly production since January 1st. Normally for reporting purposes / analysis (as the accountant would know) the cumulative yearly average production figure is of more use for comparison with the original plans but, this was a periodic 'operations' update hence the former (referred above) was how rns'd.
I am happy with (high level) justifications for perception of low production profiles so continue to see this as a great opportunity to buy further (if only I had the spare cash!!).
All the above imho and absolutely no investment advice intended!!
Best of luck all!!

[spangle93] 10/3/2018 06:36

Steel - ref replacement, they'd have to do a cost-benefit analysis, but it's technically possible.

[steelwatch] 10/3/2018 00:06

chestnuts - almsivi suggested only a section of the line might be replaced. Unlikely they would replace, insulate and heat the entire 30Km line imo, but, if a section has buckled, it would create a choke point where wax build-up occurs. This may be the type of solution envisaged:





FB - Mitch Flegg indicated the intention to make a decision on the export route from Columbus in H1/18.



Previously, the intention was "Columbus offtake route election decision and FDP submission by mid 2018"*, so whether Mitch was rowing back on the FDP due to pressure of workload with BKR expansion remains to be seen.

* see slide 17

[fardels bear] 09/3/2018 21:09

When are we expecting the FDP to be submitted for Columbus?

[chestnuts] 09/3/2018 20:50

Captain

My take on it they will probably replace the pipe with an insulated one and maybe heated, and if they do Columbus will come through Lamond route which in turn benefit the pipe as if I recall Columbus as less wax, but I can't remember where I got that info,

[captainfatcat] 09/3/2018 17:56

I wonder if there is going to be a silver lining here I am specifically thinking about the comment about

"a permanent solution to the pipeline wax problem is being advanced"

I wonder if this is could also be in preparation for and part of any future Columbus development agreement? After all I would guess it would be of significant benefit to all parties.

I think in the background things could/might potentially be shaping up quiet nicely.

Tick Tock

[underdog1] 09/3/2018 16:51

Quite a disappointing update all in all imo. Still hopeful that once the Erskine issue has a permanent fix we can expect significant upside from these depleted levels. Good top up opportunity for any punters yet to get in...

[h0me] 09/3/2018 13:03

Worth a nibble at low 70's

[sawney] 09/3/2018 12:09

Peel Hunt reiterate "a buy", pity no other Broker has initiated coverage...yet

[captainfatcat] 09/3/2018 10:23

Chesty yes I agree

[stevieniamh] 09/3/2018 09:58

With production shut in for a period of time there will be a natural increase in downhole pressure and thus increased flow when the taps are opened up again. So, it is totally realistic that 20k bopd immediately after resumption of production will tail off to a 'normal' flow rate in the region of an average of 16k bopd.

[chestnuts] 09/3/2018 09:52

capt

Production didnt recommence at BKR till the 12th but forties opened on 27th Dec, 15 days later, its the catapillar effect like in traffic.

So in fact BKR could be producing even more than the 20k its just the everyday running issues that happen.