Serica Energy Share Discussion Threads

[dunderheed] 25/8/2018 21:50

You are quite right of course but a round thousand is a good catch. The student is now the master, my work is done here.

[bountyhunter] 25/8/2018 20:29

10000 will be the one to go for, should have that waiver by then!

[bountyhunter] 25/8/2018 20:27

shall I save it for that Saul guy instead then ;-)

[dunderheed] 25/8/2018 20:22

Cheers bh I didn't want it though!!
Ahem I'll get me coat.

[bountyhunter] 25/8/2018 19:48

looks like he is British as he went to Birmingham University

[bountyhunter] 25/8/2018 19:45

reserved for Dh

[bountyhunter] 25/8/2018 19:45

Mitch Flegg? or Canadian
happy to be corrected if I'm wrong as I'm not sure without checking

[steelwatch] 25/8/2018 19:30

bh - who's American?

[bountyhunter] 25/8/2018 18:29

edited - agree Mitch's voice sounds British despite his American sounding name!

[general george] 25/8/2018 18:20

From my understanding they are in advanced talks. With basically the UK government and BP/SQZ asking what would be acceptable to the OFAC.

I had contacted Mitch Flegg again. He has assured me as soon as there are meaningful developments there would be a RNS.

My impression was news is imminent. FWIW he sounded positive, as we all know from previous RNS and interviews.

Certainly we shud get news soon as the existing waiver has 4/5 weeks left!

[bountyhunter] 25/8/2018 18:16

They were already in "advanced discussions" a while ago so they would have applied some time ago. I remember they applied for the licence months ago and there's not much point in discussing a waiver if that has not also been applied for.

[smokieuk] 25/8/2018 18:06

I was thinking the same earlier but from the other perspective. They must have applied ages ago but it hasn't been rejected our of hand.

[fardels bear] 25/8/2018 15:13

Well last time it seems to have been issued on 29th September and applied for on 28th September.

[pineapple1] 25/8/2018 15:05

I assume application was made quite some time ago. The US are not exactly rushing to grant it .Are we going to have to wait until Sep30 to learn one way or other from them.
I wonder what the normal time line is for such things.

[bountyhunter] 25/8/2018 14:50

When we get the waiver I think we should all eat pizza to celebrate!

[general george] 25/8/2018 14:11

The US are targeting Iranian oil sales. These are around 4million bopd. At $65 thats around...260m a day in revenue!

Ioc share of Rhum at call it 200-250m revenue a year is totally insignificant in the grand scheme of things.

I think UK Plc do Whatever it takes to secure a waiver, escrow if needed.

The revenue is so small for one. Another is it is gas. Which was the basis of the BP pipeline waiver/southern gas corridor.

I look forward to an update.

Btw. My dinner was meatballs, bolognese sauce and creamy polenta.

Lol

[bountyhunter] 25/8/2018 11:17

This is interesting and could perhaps apply to BP/Serica re Rhum at least to further strengthen the case for a waiver.

"We are determined to protect European economic operators engaged in legitimate business with Iran,” said High Representative Federica Mogherini and E3 foreign ministers, Jean-Yves Le Drian (France), Heiko Maas (Germany) and Jeremy Hunt (UK) in a joint statement.

That is why the EU has included the restrictive measures in its ‘blocking statute’ which will enter into force at 6 am on Tuesday (7 August). This mechanism bans Europeans – both companies and residents- from complying with US sanctions."
...

"The ‘blocking statute’ also allows EU economic operators to recover damages that might result from those sanctions, from the entities causing them. This can be either the US administration or a third party. Companies will have to sue the alleged responsible for the damages and a judge will in any case decide."

[fardels bear] 25/8/2018 11:02

Three prams, three teddies and a lot of very stupid men who should get round a table rather than fire ranging shots. After all, once the teddies are on the floor somebody sensible needs to be found to pick them all up again.

[circles of stone] 24/8/2018 23:41

Oops. Correction. 33500 tonnes!!!

[circles of stone] 24/8/2018 22:31

Patience is not the ability to wait, but how you act while you're waiting.Simon Stevin load capacity is 33.5 tonnes of rock. Considered to be the largest vessel of her kind in the world. Wonder how many tonnes she's dropping and how many trips needed ? Oh and a not so healthy roll with chilli hot dog for me.

[captainfatcat] 24/8/2018 19:02

My email notification of his evenings after close rns set the pulse racing for a few moments..

[fardels bear] 24/8/2018 18:42

Gammon, egg and chips. I found a huge unsmoked gammon in Waitrose reduced to seven quid from sixteen. I cut it into nine steaks. Superb.

[farmscan] 24/8/2018 16:49

It's good to have a distraction, the waiting is getting to me! Anybody having pizza tonight?