My understanding was that they’ve got the key approvals now to complete the Block 2A farmout and what’s taking time is their need to complete in a tax efficient manner. If that is indeed so then SEA still ought to complete and get the $10m this month. Only a few more trading days left. |
This is becoming tedious .
Dontcha just love Politicians the world over ! |
If the reverse takeover proceeds will we see some more information provided by Enquest about DEWA in its reverse takeover public documentation to help it ascribe more value to the DEWA project and maximise its value when negotiating the enlarged group valuation split between the Enquest and Serica shareholders? |
We will see an announcement from Enquest
by not later than 5.00 p.m. on 4 April 2025 on whether it has a firm intention to make an offer for Serica in accordance with Rule 2.7 of the Code or Enquest will announce that it does not intend to make such an offer.
If Enquest/Serica do proceed with their reverse takeover then how may that impact Seascape’s JV with Enquest in relation to DEWA?
At this stage I don’t think there would be much change. The enlarged entity would still be looking for locations outside the North Sea to deploy some of its capital.
The current CFO of Enquest is ex-Salamander and a former colleague of several members of the Seascape board. Will he become the CFO of the enlarged entity or will he move on? |
Catalysts this year:
- completion of Block 2A farmout - $10m lands in Seascape’s bank account providing the ammunition to shoot for more accretive deals
- block 2A well commitment - it will be interesting to see how keen Inpex are to drill the Kertang monster. My guess is they’re very keen! Remember that Seascape are fully (uncapped!) carried on up to two wells
- DEWA resource assessment - this will be helpful for defining the value and for the JV partners to organise financing for the development
- more accretive deals - more DEWA-type deals which can be brought onto production based on historical data simply and cheaply would be brilliant and would further prove their business model |
Topped up today, showing as a sell. |
Well well ENQ is interested in SQZ.! |
Topped up today. |
Bit of a surprise ! |
We've had lots of consolidation here in the 30s at least. Bodes well |
Market cap still only £24m. So plenty of upside before it looks expensive imo.
As a general rule this is in my preferred buy in valuation level range.
Sub £10m stocks tends to be risky / unproven / rubbish types.
Over £100m implies a lot of expecteation already baked in.
But stocks in the £20m type range are just right. Doesn't require a huge amount of volume to move it up.
i.e this could 4 bag from here before it gets into the £100 range.
Of course the company has to deliver - and I think SEA are in a good position to do that. |
Plenty of good news and progress to come. I expect you will have plenty of previous holders returning, existing holders adding, and new investors jumping on board as and when they hear about SEA and do a bit of research. Exciting times ahead |
What's up ? |
When the MMs run out of stock with this share I've seen them begin to move it up on pretty much every small trade |
Maybe nigelpm might believe me now Not quite finished as someone else looks like they are building a stake too |
Good for you Base, I thought you would get your chance. I can only assume those selling are either gambling with money that isn't theirs, or just don't have the patience to wait it out. Either way, good riddance |
Nice liquidity day today to keep adding |
Took a few more today |
There seems to be no end of impatient gamblers itching to move money into the latest hot thing, so you should be okay base1, unless news arrives of course! |
I think you're making it up basem. Anyone trying to buy a large stake would not be boasting on a public forum and how is telling the world keeping it "low key" exactly? |
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