Serica Energy Share Discussion Threads

[dunderheed] 19/5/2018 22:22

I know, very interesting.
I suppose that it could be partially debt financed?
Can't see premier taking on any more?
No doubt we will hear identity on Monday?!
It must have been being worked up previously so wonder if it is sia, they've been talking up new BD for what seems like an eternity?!

[bountyhunter] 19/5/2018 22:19

just read it again in more detail, Pergas is the consortium based in London;

more here...

[bountyhunter] 19/5/2018 22:14

Yes can't be a UK company with any US connections whatsoever imo so that would rule out most if not all large companies.

[dunderheed] 19/5/2018 22:04

Blimey wonder who that is?
Can't be a biggie?
I'd have said someone like Cairn if they had the cash but they don't.
Real left side sia, but they don't really have the cash either?
Any other suggestions?

[bountyhunter] 19/5/2018 21:53

Iran signs oil deal with UK group as France's Total exits
By THE ASSOCIATED PRESS

[fardels bear] 19/5/2018 14:58

We do know we're being brainwashed, gersemi. We see it every day. Perhaps not on here though..

[steelwatch] 19/5/2018 13:55

Machine translation

The recent US sanctions against Iran have now shown their impact on the offshore market in the North Sea," said a recent update of the shipowner Westshore Shipbrokers.

The brokerage house shows that BP's planned relocation of Fred. The Olsen rig "Blackford Dolphin" was put on hold just before the weekend when BP UK is a partner with the Iranian state-owned company NIOC.

Back in 2016, the two companies received a license from the United States to operate their common gas field in the North Sea after the sanctions from the West were lifted.

"This license will no longer be valid when US President Donald Trump announced last week that the United States will withdraw from the nuclear agreement with Iran and implement" powerful economic sanctions with full effect ", writes the brokerage house.

With the Fred.Olsen rig in peace, (stacked?), it can be a quiet week for the anchor handling vessels, according to Westshore.

[dunderheed] 19/5/2018 13:36

sawney thanks for posting about vessels always appreciated matey.

[sawney] 19/5/2018 13:24

thanks for that pineapple1 re 7411...basically how I also see it... the queue for waivers must be quite long...

[bountyhunter] 19/5/2018 12:58

missed that,

what are you sorry for FB,
... cup final should be more entertaining

[steelwatch] 19/5/2018 12:49

Gersemi - keep that sort of bile away from this board.

[fardels bear] 19/5/2018 12:23

Sorry, Bh...

[fardels bear] 19/5/2018 12:21

Commiserations, Dh... I'm on a sunbed in Ayia Napa...

[pineapple1] 19/5/2018 11:46

I'd guess that BP may be reluctant to engage in the well intervention with sanctions in place irrespective of the time line for actual implementation suggested by Trump.
BP will wish to appear whiter than white
Perhaps they are waiting for greater visability re the SQZ waiver ???
I would not be surprised to see completion of the deal put back to Q4 as things will be a little clearer and we will have likely seen the US response to other waiver applications of which there will likely be many.
imho

[dunderheed] 19/5/2018 11:05

FB - it's the crystallising of the sale quote that matters.
I've often had quotes like that then when you press the buy button it comes back at 16.125p etc lol!!
However in those circumstances that would be brilliant now - with hindsight!
This aint a bull trap imho - there was what looks like about 5mill (worked) buys yesterday?
Just my opinion though of course.
BH, IOC would have to pay their 50% of the cost of drill I assume? This could be offset against any income in escrow account but it does get messy etc because I assume they will have some veto or vote power in the JOA of sorts? As I have not seen the JOA really just my opinion don't forget.

[bountyhunter] 19/5/2018 10:36

Yes I'm gutted I didn't buy more of those so know how you must feel dh! Must be news in the offing shares don't shoot up like that for no reason! ...but if not I'm sure they will drop back a bit.
Does IOC have any interest at all in the planned drill here (sorry I'm a bit out of touch on this as I've been more focussed on the politics of late)

[fardels bear] 19/5/2018 10:33

I actually got a quote at 15.5p and though, nah, I'll wait a bit. I'm still convinced it's a bull trap though.

[dunderheed] 19/5/2018 10:25

Oh f me - shut up lol!!
I was on the cusp of buying quite a few literally last week - even on the day it went ballistic (when it went up a few %) - but didn't bother lol!!
I am f'ing gutted but tbh if no news next week it could drop a little?
If news and good news - and by that I mean 1 for 1 RI plus debt (if at all possible) plus further 'work now pay later Royalty/equity' type deals then this could be +100% in a few months?
Re SQZ I would have thought BP were more inclined to get this done as soon as possible now - in theory they've only got (what about) a 150 days to get shot of this asset or close it down again (which I cant see UK govt. be too happy about?!)
Been really busy lately re personal hobbies so may not be around for a bit but will do my best to pop in as and when!
Best of luck all.

[sawney] 19/5/2018 10:24

do we have any idea re AHT's etc

Nothing since they were cancelled last weekend....

The "Westshore" app gives live cancellations.....as well as fixtures

[bountyhunter] 19/5/2018 10:16

Morning DH, I was wondering that as well.
P.S. wish I had bought more IOG last week now!
was a bit slow getting back in here

[dunderheed] 19/5/2018 10:00

Morning all.
Sorry to harp on about this and thanks to everyone who is good enough to post but, do we have any idea re AHT's etc now because here we are 19th May and still no well start?
I was under the impression that BP were starting well intervention work in May?

[fardels bear] 18/5/2018 07:09

Surely though that's just a rehash of the initial reaction from various companies including Serica. There's nothing new there from us.