Serica Energy Share Discussion Threads

[robo175] 05/11/2018 07:53

Great news and well done to the BOD.

[podgyted] 05/11/2018 07:39

Confirmation and expansion. Excellent!

[iranian_don] 05/11/2018 07:33

I say I say I say, what a delightful start to the week. No Monday blues when involved with this juggernaut. Seems SQZ just keep on giving...

[circles of stone] 05/11/2018 07:31

Fantastic! Mitch and team just keep delivering.

[captainfatcat] 05/11/2018 07:30

Excellent news

8-)

[reallyrich] 05/11/2018 07:29

wow that should.cure you dunderhead

[pineapple1] 05/11/2018 07:18

Ah yes i see the BHP RNS now....

[bountyhunter] 05/11/2018 07:17

RNS on escrow account as anticipated, great news, and even 2 RNSs for the price of 1!

While done Mitch, & others involved!

[mirabeau] 05/11/2018 07:07

Well done here. Well done indeed. What a superb company

[pineapple1] 05/11/2018 07:06

I don't remember any news on BHP being announced or was it done so with the Total news

Escrow arranged, All conditions for waiver met.....

[fardels bear] 04/11/2018 15:16

We don't want any clydes, of whatever hue, deliberately misinterpreting things though, was my point..Just sayin' like.

[bountyhunter] 04/11/2018 10:13

It's simply background info, that's all, I'm not 'revisiting' anything. Anyone following SQZ would realise that. I only posted to illustrate that the hard line re Iranian sanctions voiced by Trump does not exactly match the reality as things are panning out. And for the avoidance of any doubt I am completely confident that the BKR deal will go through.

[fardels bear] 03/11/2018 23:01

Folk might think you're scaremongering, Bh. We have a waiver. This doesn't affect us..

[bountyhunter] 03/11/2018 19:23

On Iranian sanctions generally...

Pompeo said Friday the administration will grant temporary waivers to eight countries that have “demonstrated significant reductions in crude oil and cooperation on many other fronts and have made important moves toward getting to zero crude oil importation.”

The countries won’t be named until Monday, but Bloomberg reports Japan, India, South Korea, and China are expected to be among recipients. Turkey, a major destination for Iranian crude, could also be included. Pompeo said the European Union, which has drafted its own plans to circumvent US sanctions, will not be.

[bountyhunter] 03/11/2018 14:26

As the BKR deal is dependent on the licence which is dependent on the Escrow being set up I suspect we will get an RNS at least some time next week, probably on Monday before the sanctions take effect at midnight, but we will have to wait and see.

[pineapple1] 03/11/2018 14:04

I suspect that BP being in the position they are with numerous US assetts would have immediately ceased payment to the INOC directly so possibly an escrow account is already up and running. For the record i have no knowledge on the difficulty that setting up such an account may incur.
Passport and two proofs of address perhaps......lol
imho

[fardels bear] 03/11/2018 13:48

As the deal has not yet finalised, it's up to BP. to sort the escrow. I don't see any need for SQZ to RNS on the subject.

[bountyhunter] 03/11/2018 10:38

more on sanctions against Iran here...

[bountyhunter] 03/11/2018 10:29

given the share price action yesterday I'm expecting an RNS Monday some time re the Escrow account especially as the sanctions against Iran don't kick in until midnight on Monday; in theory I guess they could continue production in any case provided that when the next payment to IOC is due it goes into an Escrow account whenever that may be

[captainfatcat] 03/11/2018 09:41

autographs it is unlikely Serica will be effected now as they are in receipt of a waiver issued by the USA Office of foreign asset control.

[melody9999] 03/11/2018 09:38

Was expecting an RNS by yesterday - weren't other people?

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").

[fardels bear] 03/11/2018 09:17

As I read it they aren't newly announced sanctions. They are merely the imposition of the ones announced earlier in the year with the November start date.Mind you, I'm just interpreting what some journo wrote, and we know how lazy many of them are.

[dunderheed] 03/11/2018 09:01

Hi LG thanks and yes have been drinking lot of flat cola.
Autographs one can only assume and hope sanctions will be positive for sqz now that they have approval for the waiver, assuming all referred conditionality has been met?