Serica Energy Share Discussion Threads

[fardels bear] 09/5/2018 11:13

We all thought it was you buying more, Dh..

[dunderheed] 09/5/2018 11:08

Was that a 500k buy earlier this morning or a delayed sell from open?
I'm edging towards buy because would not have thought mms would have wanted to take on-board such a liability so early in day (assuming no large purchaser in background of course!)?
If it was a but then someones got big b's!!

[pineapple1] 09/5/2018 11:06

Yes good points.....

[bountyhunter] 09/5/2018 11:00

just a thought that the Iranians may like to retain an influence on 5% of the UK's gas supply although a relatively small proportion, the worse for them would be delayed payment presumably with interest or retained reserves in the ground gradually increasing in value
...if not surely they would have sold to BP years ago and BP would then not have sold to Serica
...may help the situation if Serica could buy 1% from IOC to make them the majority shareholder (just thinking aloud!)

[pineapple1] 09/5/2018 10:56

BH.......what political reasons might that be.Just interested.
The US froze Iranian assetts for yrs in the states. They may feel a bird in the hand is worth 2 in the bush when it comes to cash offered in the 180day window ahead.
Perhaps some sort of small royalty deal per equiv barrell produced held in escrow if they wanted a minority involvement and sufficiently small for the US to allow US personnel or equipment to be used in the event its required.
imho

[bountyhunter] 09/5/2018 10:28

yes that occurred to me also FB, IOC probably want to keep it for political reasons I suspect

[chestnuts] 09/5/2018 10:26

FB

IOC it might be underhand but not illegal

[fardels bear] 09/5/2018 10:23

Back to distinct possibility of our acquiring IOC share of RHUM...

If it were a distinct possibility would not BP. just have bought it from the Eyeranians? Then BP. would have been in the clear and wouldn't have needed to sell it to us..

[fardels bear] 09/5/2018 10:21

Yeah, we could get the IOC to lend us the money to buy the 50% from them as well.. Then give it them back...

I don't see Trump being as green as all that.

[farmscan] 09/5/2018 10:20

If anyone remembers the days of Emerald Energy there was a poster named Philip444 who posted seemingly accurate information, but it transpired it was ramping but cleary based on some substance. Since then I have always been cautious of BB info.

[chestnuts] 09/5/2018 10:17

|What would happen if SQZ bought Iranians 50% share then sold 50% or 49% of shares back to the Iranians , which would be held in company owned by SQZ if that makes sence

[nicnic1953] 09/5/2018 10:16

Brilliant buying opportunity had no problem buying just over 6000 at 69.5 just after 8am through hl ....foolish sellers out there!

[fardels bear] 09/5/2018 09:56

I didn't say I wasn't happy for him to say it.

[pineapple1] 09/5/2018 09:55

I,m happy for him to be down right vulgar when it comes to discression about whats happening .........lol
Its always good to have someone who is close to the action

I remember on GPX many yrs ago there was a poster there called AGrazer who used to post the result of a drill b4 the market even knew about it.Quite happy to front run the market. The city do it more than enough to disadvantage private investors...
imho

[fardels bear] 09/5/2018 09:37

I'm soooo curious to know why our friend, and mine of timely information, almsivi is is a position to say:

"there's the distinct possibility that IOC might sell its share of Rhum on to Serica or another partner."

It's the use of the word "distinct" that I find partcularly intriguing. Is somebody being a tad indiscreet?

[fardels bear] 09/5/2018 09:31

We're a gas producer though, rivaldo.

[rivaldo] 09/5/2018 09:13

It's ironic that this happens on a day the oil price jumps because of Trump's actions on Iran.

The share price reaction certainly seems overdone, and an opportunity.

[carcosa] 09/5/2018 09:01

hxxps://financialtribune.com/articles/energy/78343/british-energy-company-eyes-iranian-oil-market

From December 2017:

"Asked about the impact of sanctions, the official said US trade restrictions do not necessarily impact their operations in Rhum unless the European Union and Britain also implement a snapback and there is no indication that this is likely to occur.

After being forced to shut down in 2010 when international sanctions were imposed on Tehran over its nuclear program, Rhum resumed production in 2013 when Britain agreed to set up a temporary management scheme whereby all revenue due to Tehran would be held until sanctions were lifted.

"Because of the Iranian involvement, Serica needs a license from the US Treasury's sanctions enforcement arm—the Office of Foreign Asset Control— allowing US nationals and companies to take part in the field's operations, especially providing heavy machinery," Walker added.

"The license was renewed in September, a month before Trump sought to reverse the US position on the nuclear deal with Iran. Serica will apply for its own license in the coming months."

Walker said the license is needed as a back-up in case of an emergency that requires US equipment and companies, though it's not a prerequisite to operate the field."

Well I bought back in!

[captainfatcat] 09/5/2018 09:00

BP will be lobbying hard to see this deal through the possible implications for their US operations should not be underestimated they will be highly motivated to make it work.

Its interesting to take a look at the scope of their US operations over the last ten years they have invested $90 billion in the US and in 2016 U.S. operations contributed $67 billion to the American economy and supported over 120,000 jobs across the US. 7000 plus retail ,wind farms, Shipping, BP operate thousands of miles of pipe work across the US.

[marvelman] 09/5/2018 08:57

Indeed Ross...better no RNS than one sure to encourage selling as that one did.

[rogerlin] 09/5/2018 08:54

Perhaps IOC might like to sell their stake in Rhum?

[almsivi] 09/5/2018 08:46

Massive opportunity to load up and this is not a pump, just a reflection of the truth. Firstly, the closure of Bruce was a result of UN and EU sanctions, something which the USA alone has no bearing on. Secondly, a contingency plan was enacted to allow BP to operate Rhum with the IOC share kept in a slush fund until sanctions were lifted. Third, there's the distinct possibility that IOC might sell its share of Rhum on to Serica or another partner. If that happens, it'll make November's rise look like a molehill.

Strong buy below 65p