Serica Energy Share Discussion Threads

[pineapple1] 01/11/2018 17:15

I wonder if BP are already paying INOC share into an Escrow account or will they wait till Nov 5 when before doing so.

[dcarn] 01/11/2018 17:14

May also be due an RNS with resumed flow rates from Erskine.

A weeks worth of data to determine rates.

[mamama1] 01/11/2018 16:58

Well spotted kcr69, some decent trades popping up today, news incoming tom

[kcr69] 01/11/2018 16:36

RNS tomorrow or Monday re the escrow account for Rhum?

From the RNS dated 9th October titled "Receipt of OFAC license and Assurance for Rhum", the second paragraph states..

"The License and assurance are conditional upon arrangements being put in place by 4 November 2018 relating to the interest in the Rhum field held by Iranian Oil Company (U.K.) Limited ("IOC"). These arrangements are well advanced and will provide that all benefits accruing from and relating to IOC's interest in the Rhum field will be held in escrow for such period as U.S. sanctions apply and ensure that neither IOC nor any direct or indirect parent company of IOC will derive any economic benefit from the Rhum field during that period. IOC will also exercise no decision-making powers in respect of Rhum during the same period."

So Sunday is D-day. Personally hope to see something first thing tomorrow and enjoy the weekend!

[rogerlin] 01/11/2018 16:10

Steel thanks for pointing out that earlier post about the EOG sale, it is good if the partners in Columbus are enthusiastic, don't want "partner drag".

[smokieuk] 01/11/2018 15:21

Post removed...

[farmscan] 01/11/2018 14:19

175k buy just gone through.

[thegreatgeraldo] 01/11/2018 14:05

The might of thought, one might have thought........

[bountyhunter] 01/11/2018 13:56

yes that's right they are, maybe a bit too subtle

[fardels bear] 01/11/2018 13:48

Er, they are both spelled the same, Bh (thinking he's not got the hang of this)...

[bountyhunter] 01/11/2018 13:44

scones or scones

[lord gnome] 01/11/2018 13:37

Time flies like an arrow, but fruit flies like a banana.

[pineapple1] 01/11/2018 13:30

hmmm.....i was discussing something similar the other day funnily enough regards flys or flies for both the winged insect and the mode of travel......lol

[fardels bear] 01/11/2018 13:24

Is it though? Is it here here, or hear hear?

It's one of those like sewing and sowing...

Mum was sewing socks..
Dad was sowing onions.

They were both, er...

[loafingchard] 01/11/2018 13:19

Here , here

[steelwatch] 01/11/2018 12:07

rog - see #9173. EOG probably hasn't completed the sale yet as the process can take up to 6-9 months from first announcement.

[bountyhunter] 01/11/2018 11:58

our cooker still does FB! but in perfect working order

[almsivi] 01/11/2018 11:44

I knew EOG had sold their interest in Columbus but didn't remember to whom.

[rogerlin] 01/11/2018 11:22

Don't remember seeing this.

[jackup] 01/11/2018 11:07

From the seekingalpha link they estimate cash ye18 at $103m also Columbus gross capex $95m

[steelwatch] 01/11/2018 11:01

Blackford Dolphin on its way back to Flekkefjord anchorage:



Blackford Dolphin continued under a three well contract with BP Exploration Operating Company Ltd. during the quarter. The unit commenced the contract 17 May 2018 and the contract is estimated to be completed end of October 2018. - see Q3 2018 report:

[bountyhunter] 31/10/2018 19:29

The FDP provides for the supply of up to 40 million cubic feet of gas per day (gross) at peak to the UK gas market and 1,150 barrels per day (gross) of condensate and natural gas liquids ("NGLs").

[lord gnome] 31/10/2018 19:28

Whatever it is, it's a nice bonus to have. How many other companies would love to be able to ink in that level of revenue increase two years out?