Serica Energy Share Discussion Threads

[captainfatcat] 08/6/2018 07:35

Not sure if Rhum 3 was ever completed some technical reason...

[master rsi] 07/6/2018 23:33

Further rise for the oil, well up on the spike till close at 9 pm.
Maybe tomorrow will be a better day
UT closing one day at offer price another at bid price like today

Market report
Oil prices received a boost from worries over a steep drop in exports from crisis-plagued Venezuela, which faces the threat of U.S. sanctions.

U.S. crude rose $1.22 to settle at $65.95 a barrel, while Brent gained $1.96 to settle at $77.32.

[chestnuts] 07/6/2018 23:29

Fardel

I think if you read the history Rhum 3 did indeed got shut down , but the british government intervened and they opened it putting IOC money in Escrow, But i think if the deal doesnt get done BP will close it down again and then The british government will intervene then the deal will go through, how long this will take i dont know.

[fanshaw] 07/6/2018 22:44

Fardels Bear

Agreed, and we will have AGM at end of month and TCW generally reads a statement

which hopefully may contain up to date information how the deal is going.

[fardels bear] 07/6/2018 22:32

It didn't get closed down last time though, did it?

[fanshaw] 07/6/2018 21:57

stansmith3

if the field is closed down because of sanctions 5% of U.K. gas production is
lost and we will probably have to buy that amount from Russian thats how clever
these sanctions would be so perhaps they could think twice.

[stansmith3] 07/6/2018 19:31

fanshawyou forgot the us sanctions risk and aging infrastructureif the former blows the deal share price goes to 25p, if not it goes to 90p and beyond..plenty of bets available in the mkt, sqz no longer the bargain it was last august at 21pgiven the discount to 90p it suggests a decent chance the deal wont go through, even though it is regarded as minor technicality by many(no position)

[rogerlin] 07/6/2018 15:04

Thanks for those links steel, lots of complicated words there. Just have to wait for the rig announcement.

[stansmith3] 07/6/2018 14:56

https://www.investorvillage.com/groups.asp?mb=19168&mn=149229&pt=msg&mid=18358599

[master rsi] 07/6/2018 12:51

Time to go better Serica, the oil price is almost $1 higher today

note:
Brent crude oil rose 1.3% to $76.34 per barrel.

Crude Oil WTI 65.42 +0.69+1.07%

[sawney] 07/6/2018 09:56

The original BP contract was for 1 well (rhum) plus 4 options ??...anyone any idea what the other 3 options were/are ?... perhaps Eni will take a slot off BP seeing as they are all HPHT wells/fields...

[steelwatch] 07/6/2018 09:34

See 3.5 GEOTECHNICAL SITE INVESTIGATION (page 14}

[steelwatch] 07/6/2018 09:20

rog - agreed. see post #3774


Consent to Undertake a Geophysical Survey
(2D Seismic Survey, Magnetic Survey (e.g. Electromagnetic Survey), Sub-bottom Profiler Boomer Survey, Sub-bottom Profiler Pinger Survey, Sub-bottom Profiler Sparker Survey)

This is something new:

Consent to Undertake a Geophysical Survey
(Shallow Drilling Operation)

[rogerlin] 07/6/2018 08:18

"Preparations for a well on the Rowallan prospect in the second half of 2018 are progressing to plan with a site survey completed last December and tendering for a rig underway".

Steel I thought they had already done the site survey, it's the rig we need now and please not the Blackford Dolphin.

[reallyrich] 07/6/2018 02:50

Sanctions would encourage BP to speed up the process of selling the asset as they have worldwide assets and being exposed to usa sanctions and Serica does not

[fanshaw] 06/6/2018 22:42

captainfatcat.

even if you allowed $25 a barrel that comes $1,115 million a week

[captainfatcat] 06/6/2018 22:09

BKR should generate lots of cash but best to factor in some cost for operating the BKR assets our share might be as much as 500k a week?

[fardels bear] 06/6/2018 19:58

The fact he's imposed tariffs on his allies for steel and aluminium means he doesn't regard anybody as an ally, until he wants something, IMHO.

[fardels bear] 06/6/2018 19:57

I think it's time somebody called this bloke's quiff... I mean bluff..

[fardels bear] 06/6/2018 19:31

I don't think that there's any reason for it not to go through even if the renewal doesn't get issued in September. I think that's what I was saying before.

[underdog1] 06/6/2018 19:25

I don't think so either fb. Anyway, the license expires on 30th September so should have an answer well before then. Until then there's no good reason to believe the deal won't go through.

[d1nga] 06/6/2018 19:21

fb

there's nothing the yanks can do that isn't being done by brits in the N Sea these days , maybe 30 years ago they were needed but not now

[fardels bear] 06/6/2018 19:11

I just don't think so, the last line should say.