Serica Energy Share Discussion Threads

[nigelpm] 26/5/2018 10:08

Steelwatch - if you want to keep this board sensible recommend you deal with some of these trolls - your call of course.

[fardels bear] 26/5/2018 10:02

You bought back in again, nigel?

[bountyhunter] 26/5/2018 10:00

yes dh you could get a decent home cook pizza at Iceland* for that! lol

*other pizzas are available

[dunderheed] 26/5/2018 09:15

Good morning all, nic thanks very much matey. £2.99 could be a little too steep for me*.
Well done on the 800k - I used to have that many but bought higher lol.
I'm down to about 600k now but to be honest may sell some to put into IOG?
How's the Philippines mate?
PMG been going nicely on the back of 30 rnd. news.






*I'm also well known as a lazy b!!

[nicnic1953] 26/5/2018 00:49

Hèllo dh ....why not try subscribing to marinewatch for a one off cost off 2.99 then u will get up-to-date ahts movements! bye the way I'm sitting on nearly 8ooooo brought 2 years ago between 10 and 11p ....and then a minor dip recently at 69p...i have absolutely no worries about iran/trade issues ...im quite happy to sit back and wait...no sleepless nights from me!

[dunderheed] 25/5/2018 21:56

O/T Absolute last comment guys, then I'm ignoring Nige I promise*, no matter what nawsty things he says about me but I just have to reply...

…"It's a free world innit?"...





* it's cause I'm really scared of him and too busy sucking my thumb in the corner.

[nigelpm] 25/5/2018 21:41

You referenced me - stop doing it - is that clear enough?

[nigelpm] 25/5/2018 21:15

Ah, Nige's bought back in then.


This ain't mumsnet mate. It's a board for serious investors.

Go and troll somewhere else for your kicks.

[dunderheed] 25/5/2018 20:21

Ah, Nige's bought back in then.

[nigelpm] 25/5/2018 19:55

PI investors selling and the likes of Hardy's buying. I know which side I sit on.

[sawney] 25/5/2018 19:08

who is going to do the vessel watching now lol!

:-)...I'm sure others are watching but I didn't say I would stop.....it could be a good indicator...:-)

[dunderheed] 25/5/2018 19:00

Oh bloody hell sawney - who is going to do the vessel watching now lol!
Best of luck mate - but you know - we've still got Columbus FID / Row exploration well - then hopefully some more BKR news which should all cause some excitement?
I thought the old (investment) maxim was sell 50% each time the shares went up 100% - trouble is I've never kept to that - sometimes made more sometimes lost a load - never learn though lol!!
The other maxim was sell in May... lol!

[sawney] 25/5/2018 18:29

Well for the first time in 12-ish years, I am now fully out of SQZ (and finally totally out of AIM after 16 years...thank f..). I've made a packet with SQZ, (mainly during a mad moment around Dec/Jan 2014/15 when I bought 275,000 for between 3 and 5p), but as I'm getting long in the tooth, I decided to protect the gains made. This is no reflection on SQZ, they have a fantastic management and have achieved so much with Erskine and now this potential deal (they just perhaps need a little PR team)
As I see it, this deal is a bit out of SQZ/BP control at the moment, and requires serious Government intervention...(like the UK Gov doesn't have enough problems)
So I will sit this out until real signs appear although it's difficult to see much happening before September). Even if the deal was announced tomorrow, I'd be happy to pay the premium to get back in as I just get the impression that further deals could be in the pipeline long term
Someone somewhere asked recently about the right time to sell. Well I think I got it right for 50% of my holding, and partially right for the rest. I have also exorcised a ghost or two....remember PCI ?. I recall a day when the price peaked at around 220p?, but I only caught it at 190p. My finger was poised over the sell button but I thought..... it would peak again...needless to say I eventually lost the lot.Oh happy days :-(. If I recall correctly, on that same day Steelwatch announced that he had sold at 210/220p ish ???

Whatever, I wish all SQZ holders, especially the long term holders, the very best....

[dunderheed] 25/5/2018 16:57

Chesty buddy, someone may say you're trying to de ramp a bit lol! So good you had to say it three times?!
Look from my perspective the US is pushing way too hard in all directions.
Whilst I fully appreciate it is far and away the world's biggest player, both militarily and economically, it cant take on the whole of the world for ever!

If I was SQZ - bloody take the deal - back dated to January 1st - get the cash in - worse case Rhum goes offline, they've still got Bruce, Keith and Erskine plus a wad of cash and with Rhum not producing they don't have to pay for Royalty or lump sums (or it should be re-negotiated in that way about lump sums, if not already the case plus if off shore guys have nothing to do there should be an attempt to re-deploy them back at BP if within 6 months of deal, although that may be difficult, with BP own job cuts forecast in the near term)

There all sorted, job done, off out now for some nice sliced fried gold and a few drinks to celebrate!

[chestnuts] 25/5/2018 16:34

This article doesnt seem positive on completion

hxxp://www.petroleum-economist.com/articles/politics-economics/europe-eurasia/2018/a-rhum-deal-us-sanctions-threaten-north-sea-project

[chestnuts] 25/5/2018 16:34

This article doesnt seem positive on completion

hxxp://www.petroleum-economist.com/articles/politics-economics/europe-eurasia/2018/a-rhum-deal-us-sanctions-threaten-north-sea-project

[chestnuts] 25/5/2018 16:34

This article doesnt seem positive on completion

hxxp://www.petroleum-economist.com/articles/politics-economics/europe-eurasia/2018/a-rhum-deal-us-sanctions-threaten-north-sea-project

[bountyhunter] 25/5/2018 08:03

cheers CFC, shows confidence of completion of the BKR deal by 31 Jan 2019 at the very latest with all the options being important motivation for the directors to successfully close the deal

[captainfatcat] 25/5/2018 08:02

BH nice spot its amazing how easy it is to read announcements but miss such things

[dunderheed] 25/5/2018 07:57

Absolutely one of the best and fair mgt teams in the business.

[nigelpm] 25/5/2018 07:44

Fantastic vesting policy - rewards directors for ensuring deal goes ahead before 31/01/2019 - you can be sure their minds will be focused somewhat.

[bountyhunter] 25/5/2018 07:22

"The Deferred Share Bonus Awards have been made in the form of nil-cost options to senior employees and executive directors and include a grant over 225,000 Ordinary shares of US$0.10 each made to the Executive Chairman, Antony Craven Walker and a grant over 225,000 Ordinary shares of US$0.10 each to Mitch Flegg, Chief Executive Officer. As disclosed in the Admission Document, vesting of the Deferred Share Bonus Awards is conditional on completion of the proposed acquisition by Serica Energy (UK) Limited of BP interests in the Bruce, Keith and Rhum fields in the North Sea, and have a long stop date of 31 January 2019, subject to the Board's discretion..."