Share Name Share Symbol Market Type Share ISIN Share Description
Serica Energy LSE:SQZ London Ordinary Share GB00B0CY5V57 ORD USD0.10
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.00p +1.39% 72.75p 71.75p 73.75p 74.00p 71.25p 71.25p 864,998 16:35:15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 17.4 2.7 3.2 24.4 182.01

Serica Energy Share Discussion Threads

Showing 16751 to 16772 of 16775 messages
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DateSubjectAuthorDiscuss
14/12/2017
20:55
I'd be very happy with an additional 20% on finalisation
drmaccers
14/12/2017
20:42
Hehe, mirabeau. So your logic is that the current share price reflects zero execution risk to the deal due to pre-emption rights..... so logically, if/when SQZ announce no pre-emption rights have been exercised, the share price will not rise? We'll see.
thegreatgeraldo
14/12/2017
20:29
Sowing the seeds of doubt lol
drmaccers
14/12/2017
20:23
I smell mischief makers..
fardels bear
14/12/2017
19:37
Hard to see IOC pre-empting I struggle to see how hey would employ staff and operate the platform in the event of a resumption of sanctions and expect it would make it impossible for them to pump oil off the platform in such a case. The Rhum field is said to be of strategic importance to UK gas supply would the government such a deal off? The current arrangement works well for everyone even in the event of a resumption of sanctions.
captainfatcat
14/12/2017
19:36
I am sure they all know each other and any relevant situations would surely have been flagged by now
little minx
14/12/2017
19:30
I could be wrong I've seen agreements on 7 day notice so who knows but I'd be mighty surprised if they do elect?
dunderheed
14/12/2017
19:14
We'll find out shortly..
thegreatgeraldo
14/12/2017
19:06
BP have flagged wanting to sell yes but, not on these specific tempting terms!! Anyway normal t' s and c' s provide for 30 day notice period so we are getting pretty close and I'm sure there would have been high level intimation already?
dunderheed
14/12/2017
18:58
On the pretty small chance they did exercise their rights it would be back to 30p immediately that's for sure!
nigelpm
14/12/2017
18:56
Perhaps more poignantly if IOC had shown interest in buying the asset they'd have probably done it by now. Clearly BP will have indicated their interest to sell for a while.
nigelpm
14/12/2017
18:32
http://www.iocukltd.co.uk/about.php Rhum seems to be the IOC UK's only producing asset, surely they would have to be licensed as operator to exercise pre-emption rights? There are some nice pictures of Iran to look at in the meantime.
rogerlin
14/12/2017
18:26
Why wouldn't IOC exercise their pre-emption rights? ..because they would struggle to get an OFAC licence....?
sawney
14/12/2017
18:07
Why wouldn't IOC exercise their pre-emption rights? Plenty of reasons and as I noted before I would have expected them to be have at least been sounded out on this very point before a huge amount of effort was gone to. Good section from the admission document : If the existing field partner exercises its pre-emption rights in relation to the Rhum field, the Acquisition may not be completed The Joint Operating Agreement in relation to the Rhum field provides the partner (Iranian Oil Company (UK) Limited) the right to pre-empt any offer from a third party through matching the terms of such offer. The proposed acquisition of the BKR Assets by the Company will trigger this right. Accordingly, in the event that Iranian Oil Company (UK) Limited were to exercise this right within the time periods permitted by the Joint Operating Agreement, BP would be obligated to accept such offer which may mean that the Acquisition would not be completed, as the Acquisition Agreement provides that Serica will not acquire the BKR Assets unless it acquires the Rhum field. The field partners to BP on the Bruce and Keith fields do not have a pre-emption right under the respective joint operating agreements, but they do have a right to submit offers following BP notifying them of its intention to sell, although BP is under no obligation to accept such offers. Shareholders’ attention is drawn to the summary of the Acquisition Agreement at paragraph 11.1(b) of Part XII (Additional Information). The existing field partners to the BKR Assets may object to the transfer of operatorship to Serica, which may mean the Acquisition would not be completed Under the respective joint operating agreements in relation to the BKR Assets, BP’s partners (being Total E&P UK Limited, BHP Billiton Petroleum Great Britain Limited, Marubeni Oil and Gas (North Sea) Limited and Iranian Oil Company (UK) Limited) have certain rights regarding the transfer of operatorship to a new partner. They will require demonstration of the financial and operational capability of a new partner to meet its obligations. Operatorship of the BKR Assets is intended to transfer to Serica UK pursuant to the Acquisition. Accordingly, the BKR Assets field partners need to be satisfied that Serica UK, as the new operator of the BKR Assets has the financial capability to meet its obligations as operator. Serica UK is confident that it has the financial and operational capability to meet the ongoing obligations as operator in relation to the BKR Assets. However, should any of the partners not be so satisfied, then they could oppose the transfer of the BKR Assets to Serica UK and the Acquisition may not be completed. The Acquisition Agreement is conditional upon the approval of BP’s partners in the BKR Assets to the assignment of the licence interests and the transfer of operatorship to Serica UK.
nigelpm
14/12/2017
17:41
Are there pre emption rights tgg?
dunderheed
14/12/2017
17:17
Why wouldn't IOC exercise their pre-emption rights?
thegreatgeraldo
14/12/2017
17:11
Should move pretty sharply one way or t'other once the pre-emption issue is done & dusted. Still remain unconvinced this is a major problem.
nigelpm
14/12/2017
16:46
Should move pretty sharply one way or t'other once the pre-emption issue is done & dusted.
thegreatgeraldo
14/12/2017
16:29
So they move the share price within the range as a dummy sale still gives me 72.5pInteresting
little minx
14/12/2017
16:00
Yes I did a 3k before and no takers, anyway I got far to many of these.
robo175
14/12/2017
15:53
I tried that yesterday but didn't get them ?
little minx
14/12/2017
15:52
Had to put a limit buy in to get any.
someuwin
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