Serica Energy Share Discussion Threads

[captainfatcat] 31/12/2018 11:09

Great to have confirmation of Rowallan spud

[fardels bear] 31/12/2018 11:04

Yes, I'm sure he knows his onions..

[bountyhunter] 31/12/2018 11:01

Good point FB, I'm sure jf can remind us on that.

[fardels bear] 31/12/2018 09:44

So, is that 22% COS for each target, or for both. It makes a big difference.

[lord gnome] 31/12/2018 09:31

Just thin trading over the Christmas period more likely Spandy83.

[spandy83] 31/12/2018 08:24

This is moving on tiny volume these days. Tight liquidity?

[jahl frezi] 31/12/2018 07:31

If anyone bothered to read the admission document they would have been reminded that the CPR gives a 22% chance of success for both the Jurassic and Triassic targets

[circles of stone] 31/12/2018 07:10

Rns

Rowallan Exploration Well Spud



London, 31 December 2018 - Serica Energy plc (AIM: SQZ) is pleased to announce the spud of the ENI UK Limited operated Rowallan exploration well 22/19c-G (Serica 15%). The well is targeting the high-pressure, high-temperature gas condensate Rowallan prospect, which comprises a significant structural fault and dip-closed trap in the east of Block 22/19c in the Central North Sea. The Ensco 121 heavy duty jack-up rig is being used to drill the well.

The well is designed to penetrate high-quality sandstones at both Middle Jurassic and Triassic levels, which are optimally situated for hydrocarbon charge from the direction of the nearby Monan and Mungo oil fields. An independent competent person's report estimates Serica's net Rowallan prospective resources to be approximately 20 to 60mmboe (P50 and P10 respectively) within block 22/19c.

In the event of success, there is additional upside potential provided by the nearby Dundonald and Sundrum prospects, which are geologically similar to Rowallan. The Rowallan prospect may also extend onto Serica's recently awarded 30th Round blocks directly to the south.

Serica is fully carried for the exploration well, which is expected to take around 140 days to drill. A further update will be provided once the well has reached TD and initial results are known.

Serica's partners in the licence are Eni UK Limited (Operator), JX Nippon Exploration and Production (U.K.) Limited and Mitsui.

[bountyhunter] 30/12/2018 14:39

Chance of success: "not yet communicated"

[captainfatcat] 30/12/2018 12:04

Bit of activity comings and goings from Ensco 121 showing

[fardels bear] 30/12/2018 10:44

It doesn't mention a figure..

[captainfatcat] 29/12/2018 15:15

Can imagine a lot of folk seriously burned on SB's with the volatility seen over the last couple of months.


Sticking to real equities sounds like a good strategy.


SQZ share price doing well considering the wider market termoil and only a couple of days left now before Serica get an extra 10% of BKR profits. I wonder if this warrants a rns certainly news on a few fronts to come.

Tick Tock

[fardels bear] 29/12/2018 14:39

Think I'll stick to real equities.

[seangwhite] 29/12/2018 13:36

Apologies I meant City Index!

[d220] 29/12/2018 11:35

No problem using IG....

[seangwhite] 29/12/2018 00:52

One of the few shares you cannot spreadbet on City Index. Any reason why?

[fardels bear] 27/12/2018 14:09

Big spread.

[general george] 27/12/2018 12:09

When you are on a forward pe ratio of 2, you have to expect some buyers to be having a nibble.

[fardels bear] 26/12/2018 21:04

Brent nibbling at $55...

[steelwatch] 25/12/2018 21:03

Bourbon Topaz too. Both on cargo runs.

[sawney] 25/12/2018 16:35

Ensco 121 has reappeared on Marine traffic...and the Bourbon Sapphire is en route from Peterhead