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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Serica Energy Plc | 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 | |
---|---|---|---|---|---|---|---|---|---|---|
-0.50 | -0.26% | 193.00 | 192.50 | 192.90 | 197.00 | 189.00 | 196.20 | 991,485 | 16:35:03 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 812.42M | 177.8M | 0.4578 | 4.21 | 749.12M |
Date | Subject | Author | Discuss |
---|---|---|---|
08/5/2018 20:07 | Indeed Bounty - the risk is the EU decides to go along with the US - not likely I'd say either but share prices aren't rational at the best of times. | nigelpm | |
08/5/2018 20:05 | Worth going back to the admissions document: As a result of US primary sanctions against Iran the operations of the Rhum gas field could be adversely affected The Rhum gas field is owned as to 50% by BP and as to 50% by Iranian Oil Company (UK) Limited, an ultimate subsidiary of National Iranian Oil Company (‘‘NIOC& economy and NIOC in particular have been targeted by international sanctions in recent years. In January 2016, EU sanctions were largely lifted against Iran and NIOC, but US primary sanctions remain in force which amount to a comprehensive embargo on US persons having dealings with Iran. As a result of US primary sanctions, BP has continued to seek a licence from US authorities to provide dispensation for a small number of US contractors to provide services to the Rhum gas field from time to time and also to enable BP to potentially bring in US contractors in the case of emergency. BP’s licence was renewed on 29 September 2017 and continues in force until 30 September 2018. Following Completion, Serica UK may still need to rely on a small number of US contractors to operate the Rhum field, although it may, over time, seek to reduce or eliminate their use completely. Between the date of signing the Acquisition Agreement and Completion, Serica UK will, whilst US sanctions remain in force, seek to obtain a licence from OFAC. The Acquisition Agreement is conditional upon such a licence being granted to Serica UK by OFAC. The Acquisition Agreement also contains provisions entitling Serica UK or BP to terminate it prior to Completion in the event that there is a cessation of production of the Rhum gas field owing to sanctions. Further, before Completion there could be circumstances where Iranian related sanctions are detrimental to the operation of the Rhum gas field but which do not give rise to a cessation of production. In this event, Serica UK would not be entitled to terminate the Acquisition Agreement but the operations and performance of the Rhum gas field could nevertheless be materially affected. Furthermore, following Completion, OFAC could withdraw the grant of or not renew any licence provided to Serica UK and/or the US or EU sanctions regime against Iran could be amended or enhanced, which may make it more difficult or impossible for Serica UK to continue to operate the Rhum gas field. Should Serica UK, following Completion, cease to be able to operate the Rhum gas field, as a result of sanctions this would have a material adverse effect on the Enlarged Group’s results of operations, financial condition and prospects | nigelpm | |
08/5/2018 20:05 | Iran has since said they will carry on with the deal with the rest of the world so I don't see that the Europeans will go along with Trump although SQZ may have to exclude US expertise as already commented and they already know. | bountyhunter | |
08/5/2018 20:04 | NIGEL you are a To++++ Its only the USA who have with drawn from the deal, UK as not so not really effected and seen BP as a Licence from USA and doesnt run out till Sept , So i dont see a problem its only people like you who have no idea about SQZ who come onto threads pretending to know things but the truth is you know F All. | chestnuts | |
08/5/2018 20:00 | The distinction was in Trump's wording "economic sanctions of the highest order" | nigelpm | |
08/5/2018 19:59 | Definitely - always am. | nigelpm | |
08/5/2018 19:59 | That's what I was thinking considering this was 'nothing to do with SQZ' earlier! | bountyhunter | |
08/5/2018 19:55 | Looking for another entry are we? | fardels bear | |
08/5/2018 19:53 | Doubt SQZ management can say anything yet - hard to evaluate the impact - certainly explains why BP wanted to get out of it. Could open in the 6's tomorrow. | nigelpm | |
08/5/2018 19:50 | Brent at $75.04 right now. Not quit at day's high. | fardels bear | |
08/5/2018 19:38 | SQZ likely to get a kicking tomorrow one would think. | nigelpm | |
08/5/2018 19:37 | Well you could tell by Macron's expression as he came out of that meeting with Trump a couple of weeks ago that it wasn't all going to be doom and gloom. | fardels bear | |
08/5/2018 19:28 | As expected US withdrawing from Iran deal but willing to renegotiate a new deal, a bit too soon for comment from European leaders although they will have known about this outcome before us especially Macron! | bountyhunter | |
08/5/2018 19:18 | Ref intelligence. It's a a charade. Does anybody actually believe that corrupt imbicile. I guess it's similar to when a certain state had WMD with the US categorically stating that Iraq were smuggling uranium from Niger and had photographic proof. It's all balony and dare anyone question! | arteespresso | |
08/5/2018 18:50 | bountyhunter....that We're at the event horizon now. Hopefully not to much share price disruption. imho | pineapple1 | |
08/5/2018 17:43 | Agree with that assessment, not ideal but there should be no material affect - thanks for sharing the details of your email pineapple (I recall you also shared this with us some posts back now when you received it). | bountyhunter | |
08/5/2018 17:20 | There are going to be some uninformed holders who will think the BKR deal will be holed below the water line on resumption of Iran sanctions. It does of course only effect US personnel and US based contractors who may be called upon to work on Rhum. I had an email from Mitch Flegg which explains the likely effect. It certainly will not effect completion of the deal and he believes that they can obtain the services elsewhere from companies with no US links. Its not ideal but it is what it is. BP wanted it off its books for this reason amongst others.. We benefit from that. imho | pineapple1 | |
08/5/2018 16:45 | yes I think so CFC, I'm still here as I see any related weakness as most likely only temporary and unlikely to affect Serica although I think there is a little apprehension in the air until we know the full details later on, on the plus side for oil producers Trump has lead to higher oil prices | bountyhunter | |
08/5/2018 16:24 | Guess the weakness today is down to Trump, if this is so I am a bit surprised there are so many week holders still here. | captainfatcat | |
08/5/2018 16:20 | 100% garbage and when something does happen you are all silent - brilliant! TRUMP TO ANNOUNCE NEW SANCTION ON IRAN, WILL NOT WITHDRAW FROM DEAL: CNN | nigelpm | |
08/5/2018 16:03 | Have others noticed that it always seems to be the posters who bring the least to the table in terms of input across the threads, that seem to whine and bleat the most at others who at least do take the time and trouble. It's a problem with society in general in my observations. Those who give the least are the same as those who shout the loudest and demand the most from other sectors of society. Odd that. imho | pineapple1 | |
08/5/2018 15:53 | nigel I havent filtered you yet but nearly everyone else as | chestnuts | |
08/5/2018 15:52 | Nigel....Best go back and baby sit OPHR then dear boy. However it appears that a few posters there are also rather tired of your input. imho | pineapple1 |
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