Serica Energy Share Discussion Threads

[fardels bear] 22/6/2018 19:49

Bloody phones. I typed UT levels.

[fardels bear] 22/6/2018 17:10

Weird UTF levels every day on this.

[fardels bear] 22/6/2018 10:07

I'd like aimsivi insight on the stress levels of the newby SQZers in Aberdeen..

But he has been conspicuous by his absence since announcing a top up of 5000 shares some weeks ago.

[dunderheed] 22/6/2018 09:54

Absolutely and very very importantly there are literally over a hundred direct employees linked to this who are solely reliant on this asset and must be really stressed out, about this.
It would be an absolute travesty if Rhum had to be suspended again and a solution should be found!
All imho and dyor of course.

[riot2] 22/6/2018 09:26

95% of the BKR production is Rhum.

Keith is due to be shutdown, and Bruce is basically a hub for Rhum.
The last workaround for sanctions was beause BP were going to decommission Bruce, if Rhum wasn't started up.

Then we have the Escrow account business, with Iranian Revenue held in that.

Rhum won't stop producing, UK needs the gas, Treasury needs the revenue.

Just need a solution that works.
Several options.

[fardels bear] 21/6/2018 20:49

That 16600 a day was a lowball figure. If you have a look at Sericas latest presentation on the website they do show that BKR was regularly outputting over 20k boepd nett to BP..It was the Forties pipeline shutdown brought the average down Q1 2018.

[steelwatch] 21/6/2018 17:20

Fanshaw - This is somewhat awkward to manipulate, but you may glean some insight:

[fanshaw] 21/6/2018 15:45

Has anybody got any idea how much Bruce and Keith contribute to overhall BKR daily

output of approx 16,600, I have tried to find out but so far drawn a blank.

[bountyhunter] 21/6/2018 08:32

I watched IOG for ages also, and PPC, split a smallish amount between both but still waiting for PPC, definately IOG has the most potential of the two however in my view

[dunderheed] 20/6/2018 22:26

Iog is my favourite at the moment, purely from.a not cap perspective and whilst higher technical risk thus us offset by Lowe political? I had this on my watch list for absolutely ages and procrastinated which meant I paid more than I originally intended! I am very enthusiastic for both.
Bought some more sqz recently so holding about 270k here I think and still s big fan.

[fardels bear] 20/6/2018 22:25

I thought so.,

[bountyhunter] 20/6/2018 22:17

didn't see that but a combination would make sense in my view, at least on the face of it

[fardels bear] 20/6/2018 20:38

I suggested that months ago, BH.. Exactly that.

[riot2] 20/6/2018 20:00

Hi Steelwatch.

What the article doesnt say is that prolonged shut in would damage the well, and likely make the gas irrecoverable. This was the main reason for Rhum being restarted with ioc payment held in escrow.

I expect the same to happen. Rhum wont be shut down, there will be a workaround.

The UK needs the gas and the tax receipts, not to mention the jobs etc.

US contractors may be required in an emergency situation. And the waiver is not a condition on operatorship, but a belt and braces.

The problem would remain regardless of who is operator.

Hopefully positive news soon.

[bountyhunter] 20/6/2018 18:06

...on spreading the risk maybe SQZ should take a look at IOG, after all SQZ are experts on NS Gas and also pipelines!
IOGs market cap is only one fifth of Serica's

[fardels bear] 20/6/2018 16:10

Can't remember, Farmscan... Sorry.

[fanshaw] 20/6/2018 14:57

T.C.W.

At previous A.g.m's and previous companys normally reads a statement at where the

company stands at the present time, I hope he will do the same next thursday.

[farmscan] 20/6/2018 14:39

fardels: Maybe I'm not remembering so well, but wasn't there some news last year that shifted the share price up a little?

[bountyhunter] 20/6/2018 14:09

yes riot2 maybe by RNS on the day just prior to the meeting, otherwise it will just be an RNS to say 'all resolutions were duly passed' I suspect

[fardels bear] 20/6/2018 13:52

Not so good at news, SQZ. Mostly it makes the share price go down..

[riot2] 20/6/2018 13:31

I meant we get news before the AGM.

Otherwise there will be a deluge of questions!