Serica Energy Share Discussion Threads

[quemaster] 17/11/2018 01:34

These were the H1 boepd figures from in the November 2017 presentation..

Rhum 27000
Bruce 12300
Keith 1300

Assuming the same levels I calculate that Serica's share of 2018 production would be..

Rhum 5400
Bruce 5098
Keith 585

[smokieuk] 16/11/2018 21:17

I know I'm just an amateur compared to many of you but I have been thinking exactly what FB has just articulated for at least a couple of weeks, though I cannot risk even more of the money I'm now dependent on in a single share. It strikes me that there are no negative signs in view at the moment, and I don't get why the price is not already higher.

[fardels bear] 16/11/2018 20:53

FTFAGOS.... I'm selling my global funds on Monday and going heavier in here. I see no downside until we get to two quid. I see multiple headwinds for blue chips on wider markets..

[nicnic1953] 16/11/2018 19:12

Keep posting almsvi your knowledge is valued to us lth

[almsivi] 16/11/2018 17:54

Good Evening All,

I hadn't gotten around to factoring in the Marubeni, BHP & Total acquisitions for my Serica Production model - but did it today and I'm actually quite blown away by how much value these deals seem to have added and I'm worried that I've made a mistake somewhere in my calculations. Bruce (98%) and Keith (99%) together are now as profitable as our 50% share of Rhum alone. Factoring in the gas price, condi/boe price and exchange rate it's looking like our proceeds for the year will be closer to £150,000,000 than my pre-Total/BHP/Marubeni estimate of £100m.

Has anyone else built a model from scratch who can corroborate? My assumptions on production are

BK Gas = 2200 kSm^3 / 802598 therms per day*
Rhum Gas = 2210 kSm^3 / 806000 therms per day*

Based on historic production

[joestalin] 16/11/2018 16:30

How high do you think the share price can go?

Everyone has a cashing in price.

[obmuj] 16/11/2018 16:15

So, is this when one says: "wouldn't want to be out of these over the weekend" or maybe next Friday.,ok, Sorry. :)

[captainfatcat] 16/11/2018 11:09

Circles due to the nature of the BKR acquisition it was classified as a reverse take over deal.

[vanadiumx] 16/11/2018 10:35

This RNS is the equivalent of the waiter announcing what fine food awaits under the domed cloche that his hand is resting on.

[farmscan] 16/11/2018 10:33

No, I don't remember seeing them mentioned.

[circles of stone] 16/11/2018 10:32

It mentioned a reverse takeover??

[captainfatcat] 16/11/2018 10:24

Top flight NED's proposed. Have we seen these mentioned before I can not remember so?

Trevor William Garlick (Proposed Non-Executive Director)

Malcolm Webb (Proposed Non-Executive Director)

[dipla] 16/11/2018 10:13

what is this rns?

[captainfatcat] 16/11/2018 10:08

Good guess

[obmuj] 15/11/2018 18:04

Erskine - RNS tomorrow morning then and 140p for openers? I guess! ;)

[jackspratt] 15/11/2018 17:50

Apparently Erskine back open and fully restarted today - according to Twitter

[quemaster] 15/11/2018 16:56

Trades above "market size" 5000 in Sericas case don't have to be reported as they happen of even on the same day. When large trades do get reported they can be misleading in a rising or falling market.

[smokieuk] 15/11/2018 16:49

I have noticed that the spread has been quite wide at times, with the actual price I could sell at from my dealers being well above the mid. I think it's often been that way with this share though. It's really a pretty thin market though, with only, I think, 1m or so shares changing hands on the busiest days.

[robo175] 15/11/2018 16:42

Well I can only say that throughout most of the day it's been offering above the mid price at that time.

[obmuj] 15/11/2018 16:33

hmmm. thanks for that but the midprice on ADVFN can often be way out; by way of an xample: 132/134 but mid-price say 134.5. I stress - an example. IE it's outside of the "zone" for want of a better expression.

[smokieuk] 15/11/2018 16:23

I use a different product and I'm seeing nearly all Buys today, which I think is borne out by the price of each trade. Haven't noticed anything odd on mid prices but then I wasn't looking at them.