Serica Energy Share Discussion Threads

[bountyhunter] 09/5/2018 18:40

I wonder if Trump realises that (S) Korea is Iran's 3rd biggest customer for it's oil!

[lord gnome] 09/5/2018 18:38

Does anyone on here seriously think that there is the slightest chance that the UK is suddenly going to lose 5% of its gas supply? Utter tosh. I hope we don't apply for a sanctions waver and carry on regardless. Surely Serica can source whatever it may need from non-US suppliers?

[general george] 09/5/2018 17:13

Hi All,

Great buying opportunity this.
I didn't manage to pull the trigger today,

Hope to get a chance tomorrow.

I put a cheeky order in first thing.

I don't see sanctions being a problem whatsoever.
Even if they were worldwide, the IOC share would be held as it was last time and release on sanction lifting.

Rhum is 5% of the UK gas, I think HMRC want the revenue (deducted from IOC - as we have some nice tax benefits to utilise), and the UK needs the gas!

Well don't to the buyers today (and tomorrow or future supressed prices)

Cheers GG

[chestnuts] 09/5/2018 16:23

It seems that Trump as reversed himself into a corner because if the rest of the world is willing to trade with Iran , he will probably end up having sanctions on every country in the world which in turn probably end his presidency.

[dunderheed] 09/5/2018 16:21

Cheers sawney, thanks for posting!

[pineapple1] 09/5/2018 16:20

Looks like there will be plenty of countries applying for sanctions waivers.



Considering Rhum supplies 5 percent of UK gas and the fact energy and heating costs are constantly in the uk media i fail to see how such a licence would not be granted to SQZ ,whom after all are only continuing what BP have already.The UK govt will lobby hard on this....
But stranger things have happened and many have sold first and will ask questions later.
imho

[dunderheed] 09/5/2018 16:16

I know, I am a little flabbergasted at the possible costs to the US economy.
Boeing alone they are talking figures in billions of dollars?!
So who knows but a total cost in lost trade to the US economy potentially $50BNN?

Total must have invested 100MM to date on Sth Pars which for a company that size is chump change but still a lot of money?!

[chestnuts] 09/5/2018 16:10

The problem Trump as Its Israel and Saudia Arabia plus USA Vrs the rest of the world, could this be the beginning of the end for Trump, because even the most stupidest people in the USA must think no other country is joining them and looks like the rest of the world is refusing to bow to Trump, the people of the USA must be thinking he is wrong on this score and if Trumps evokes sanctions an any country or company which does do business in Iran , eventually he will isolate the USA completely.

[dunderheed] 09/5/2018 15:36

Whilst all the Iran mullarky going on - is there any new AHT news at rig site sawney? (If you haven't already sold out lol!)

[robo175] 09/5/2018 14:42

250,000 now that's a buy for sure.

[pineapple1] 09/5/2018 14:25

The resumption of sanctions by the US was a very high probability event at the time of the deal announcement. I 'd be gobsmacked if TCW did not have a contingency plan for this event in order to progress the deal satisfactorily. There would have been no point in announcing the deal and the expense involved in doing so if it would have hit the buffers on resumption of sanctions..It would have been like playing Russian Roulette with only 2 chambers empty.
imho



EU Plans to Shield Its Companies If Trump Ditches Iran Deal

[flyinghorse1] 09/5/2018 13:58

Dont bp also hold shares in Serica?

[dunderheed] 09/5/2018 13:46

I believe it is one of the conditions of the deal however if Serica / BP can source all services from non US companies that would be willing to work with IOC, then shouldn't be an issue? Hence the need for the licence - the 'shouldn't' be an issue.
Also what would happen if the US want to take a very strict banking sanction i.e. no USD cleared at all for Iranian 'work/services'?
IMHO the best option is for UK government to get an exemption centring around the 5+% of gas supplied to domestic market with IOC funds kept in escrow?

[fardels bear] 09/5/2018 13:37

"However, one of the conditions of the deal closing is obtaining a licence to operate from the US Treasury Department, which is thrown into question with the imminent reintroduction of US sanctions against Iran."

Not strictly true that though, is it?

[bountyhunter] 09/5/2018 13:25

the BBC has got hold of this story...




"The chairman of Serica, Tony Craven-Walker, told the BBC he was still hopeful that the deal would close and that there would be no interruption to a major source of gas for UK families and businesses.

However, one of the conditions of the deal closing is obtaining a licence to operate from the US Treasury Department, which is thrown into question with the imminent reintroduction of US sanctions against Iran.

BP and Serica both said they had no plans to stop production in the short term.

However, Serica conceded that it may have to change personnel and companies involved in the operation of the field to ensure there were no US individuals or entities involved."


...the publicity re the 5% of the UK's gas supply won't do us any harm

[pineapple1] 09/5/2018 13:18

Indeed. Note how the Iranians have gone from belligerently suggesting pulling out totally, to now saying they'll work with the remaining signatories.

[bountyhunter] 09/5/2018 13:13

it's that and also partly to do with ditching Obama's deal I think, after all the rhetoric and when the reaction has died down he will be after a cosy meeting with Rouhani to engineer his own version of the deal I suspect, if not as already has been commented he will to some extent alienate the US from the rest of the world except for Israel and the Saudis

[pineapple1] 09/5/2018 13:08

FB....yup. Thats how i see it. It worked with NK.

He'll then be able to claim how much better a negotiator he is than John Kerry and co.

[bountyhunter] 09/5/2018 11:55

on the way back from N Korea? ;-)
(I agree that is how he operates)

[fardels bear] 09/5/2018 11:49

I think it's just Trump being Trump. Shake a big stick and then sit down and talk..

[chestnuts] 09/5/2018 11:46

Now with Europe say they are going to stick to the deal, what does the USA do now , Will they ban all european banks and business from trading in the USA, I actually think unless the rest of the world backs USA they will either isolate them selves from trading with the rest of the world or they could get rid of Trump

[dunderheed] 09/5/2018 11:43

Chesty why do you thinks it's a sell mate?
ie delayed from open?