Serica Energy Share Discussion Threads

[circles of stone] 31/10/2018 07:09

Columbus FDP approved. First hydrocarbons 2021. Peak production expected yo be 7800 gross boe

[reallyrich] 31/10/2018 04:02

Thats the wrong way to look at it quemaster. Get the money in the bak now while oil.prices are higher. Also there is plenty of life left in that field.
In addition renewables will continue to develop and their use increase reducing use of oil over the long term

[captainfatcat] 30/10/2018 22:28

US markets rallied strongly today.

[quemaster] 30/10/2018 19:57

I was thinking about the rhum 3 issue, obviously the more time that passes the more Serica end up producing when they own 100% of the ruhm field. At some point in the future this should add value, but I suspect most shareholders would like to see a drilling rig being towed by a fleet of speedboats to ruhm 3 tomorrow.

[fardels bear] 30/10/2018 17:46

True but it would mean paying BP. more for the next four years and the field life would be reduced. Better keep as much of it as possible for our future war chest. If you're reading Mitch, consider an offer for I3E. Cheap as chips and a really nice asset, just a funding hiccup opportunity.

[reallyrich] 30/10/2018 12:54

Cheers would be nice to get rhum 3 up and running as the cost would be minimal

[steelwatch] 30/10/2018 11:42

rich - these EIA permits are usually last minute and all but the one above were approved. I think it just coincided with the sanctions news, so they didn't bother immediately reapplying.



Select '2018' from the dropdown menu, then click the 'Well Intervention Operation' tab and search for Rhum in the Field Name column.

[reallyrich] 30/10/2018 11:24

is the RHUM the 3 rd well that was drilled and then sealed? If so why had BP booked a company to open it up again if no permit?

[steelwatch] 30/10/2018 11:12

rog - no new Rhum permitting activity since EIA Direction (Direction to Undertake an Extended Well Test (EWT)) was rejected earlier in the year.

[general george] 30/10/2018 09:38

Can someone smash this down another 15% - I want to buy more.

[rogerlin] 30/10/2018 08:10

Tugs listed to move the Blackford Dolphin, will it go on to Rhum eventually?

[captainfatcat] 29/10/2018 09:27

GG much of the wider market has taken a bit of a hammering. Perhaps with SQZ weathering the storm better than most there is a bit of top slicing taking place with funds repositioning into oversold positions?

I agree certainly some confirmation on expected flow rates being achieved might help.
I'm thinking the same about a top up.

[general george] 29/10/2018 08:58

Bit of a surprising pullback.

Perhaps we will get and increase on confirmation of flowrates from Erskine.

Come 30 Nov this should be much higher upon completion.

I have 2019 profit estimate at approx £132m with £75m in the bank on completion.

Pe ratio woulde be 1.5!

Will buy more if it dips below a quid

[farmscan] 28/10/2018 10:17

Not about Serica, but very positive view on European gas. From about 2:45.

[reallyrich] 28/10/2018 07:57

well if it was an American crossword it might be mailbag

[arab3] 27/10/2018 22:52

don
told to me by raf pal dean williams whilst in the tented mess
on detachment in norway 1985 !

[bountyhunter] 27/10/2018 22:27

tooo cryptic for me :)

[iranian_don] 27/10/2018 21:08

Arab - Hundreds and hundreds :-) cheers for being a good sport haha

[arab3] 27/10/2018 21:01

iranian don, i will help

how many letters ?

[marvelman] 27/10/2018 18:08

will keep tuned in for the answer as well as some progress on the share price .cheers

[iranian_don] 27/10/2018 18:01

Marvel man: wasn't satchel either mate

[marvelman] 27/10/2018 17:49

Iranian Don....there is surely a sting in the actual answer or even the question but I cannot resist so will try "satchel"....but don't leave us in suspense as long as we have had to wait for the license :-))