Serica Energy Share Discussion Threads

[robo175] 18/8/2018 10:52

Thanks guy's I tried to read that report earlier but couldn't get in to any of the links.

[bountyhunter] 18/8/2018 10:25

same here dcarn as I also follow HUR, and yes I agree it is an interesting post

[circles of stone] 17/8/2018 23:27

Cheers Steel. Subscribed. Now waiting patiently for the good news to flow

[dcarn] 17/8/2018 23:15

That's interesting, i honestly thought i was reading the HUR board when i read 8849.

[steelwatch] 17/8/2018 22:47

circles - scroll down to register:

[fardels bear] 17/8/2018 19:50

You're very welcome.

[fardels bear] 17/8/2018 19:35

COS..You can register for news updates on Sericas website, or at least you used to be able to .

[circles of stone] 17/8/2018 17:12

How do you get on their mailing list fb?

[bountyhunter] 17/8/2018 13:56

maybe an RNS Monday when staff may start moving in

[fardels bear] 17/8/2018 12:37

I think that they could have used their mailing list to email us some blurb and a photo or two, not an RNS..

[sawney] 17/8/2018 12:35

Personally, I think it does seeing as they are employing quite a few extra people....but then they have form regarding lack of PR...:-)

[dunderheed] 17/8/2018 12:31

Is it worthy of an rns FB? Just business as usual?

[fardels bear] 17/8/2018 12:21

Office handover news, anybody?

[dunderheed] 17/8/2018 12:14

Yes I'm really angry I sold up all my shares based on that recommendation!!

[fardels bear] 17/8/2018 12:08

That's rather a volt face from the article they printed a week ago.

[dunderheed] 17/8/2018 12:07

I thought they were bloody recommending selling it last week lol!!
Thanks for posting Mirabeau btw!!

[mirabeau] 17/8/2018 12:02

Today's IC -

'Serica Energy (SQZ) was also up 17.7 per cent, recovering most of May and June’s losses. It was a nice move ahead of the 3 August announcement of its purchase of Total’s 42.25 per cent stake in the Bruce field and 25 per cent stake in the Keith field in the North Sea. It's a cleverly structured deal, which sees Serica's interest in Bruce increase to 78.3 per cent and in Keith to 59.8 per cent; the share price leapt 23 per cent. It expects this and its previously announced BKR deal with BP to complete before the end of September. On completion, Serica’s daily production will increase to around 25,000 barrels of oil equivalent per day (boepd). A year ago, it was producing just 2,800 boepd. It has increased production nearly 10-fold without diluting shareholders through issuing shares and has avoided taking on debt by financing the two deals through existing and future cash flow. There is the small matter of its partner in the Rhum field being the Iranian National Oil Corporation. It is seeking regulatory consents for Rhum including a licence from the US Office of Foreign Assets Control. If that is forthcoming I think the share price has a lot further to go.'

[general george] 17/8/2018 10:45

Yes wow around 64p per therm

BKR + BK + Erskine production = 26k boepd x 58 x 0.64p = £965120 per day revenue.

[robo175] 17/8/2018 10:34

Gas futures still on the rise.

[general george] 17/8/2018 09:33

They both look like end of Sept at the moment

[fardels bear] 17/8/2018 09:27

Erskine restart.