Serica Energy Share Discussion Threads

[steelwatch] 08/1/2019 11:45

For some reason, every time I click on that link, it freezes the page requiring closing the window/tab and then reopening, so try copying and pasting into a separate window/tab. Seems to work ok then. Anyone else experiencing the same?

[oilretire] 08/1/2019 03:09

Nah, not in this case, unless one or both of them sell out of SEGAL completely. The pipeline will just be a spur of the FGL, which in itself is a strategic part of the overall system.

[steelwatch] 08/1/2019 03:02

There is always a possibility of an outside entity investing in the pipeline infrastructure and then charge a wayleave tariff on usage.

[fardels bear] 08/1/2019 00:14

Perhaps, but I'm positive Tony has something up his sleeve for us all to have a good grin about shortly.

[oilretire] 08/1/2019 00:09

A good reminder on Shell's strategy of rejuvenating Shearwater as a 'new' gas/ngl production hub for them. Hence why I thought them or XOM (or shared) is a better fit for the BP stake.

Not sure SQZ would manage to get involved given the costs of the new pipeline?




....No figure has been been given for the pipeline investment but it is likely to be a significant spend.......

.......“This is part of our strategy to grow our gas production from around the Shearwater platform and it underscores Shell’s commitment to maximising the economic recovery of oil and gas from the North Sea. “Through close collaboration with our partners and suppliers, we have been able to reduce costs, simplify the production process and create an important production hub at Shearwater. Fifty years after Shell began working in the North Sea, we continue to invest in projects to deliver more gas to UK consumers for years to come.” The gas will initially be processed at St Fergus before onward transmission of natural gas liquids to the Fife Natural Gas Liquids plant and Fife Ethylene Plant at Mossmorran where they will be separated and exported to customers. The announcement comes as Shell continues to work on its “Central Graben” strategy, which links fields such as Fram and Arran back to the Shearwater platform hub.

[fardels bear] 07/1/2019 22:37

Too many ifs buts and maybes when we consider there's been no announcement of anything at all. Wait and see probably the best policy.

[dcarn] 07/1/2019 22:20

If they were trying to lift the price a start of year ops update wouldn't go amiss with eoy year production rates and highlighting an additional 10% BKR production now comes our way.

[fardels bear] 07/1/2019 21:53

I know you were. I wasn't criticising you at all. It were young piney mentioned the P word.

[general george] 07/1/2019 21:27

I was highlighting what happened previously. More than one way to skin a cat.

[fardels bear] 07/1/2019 21:02

Tony doesn't like doing placings except in extremis. We ain't in extremis. Nothing like.

[general george] 07/1/2019 20:59

Will will have to wait and see. But the Serica BP deals seem to be tried and tested. The Erskine deal included Sqz stock, I believe BP still hold.

This is also an option. BP have done well our of this arrangement too. They still get a share in future success, without being liable for ops and maintenance costs.

Lets not get ahead of ourselves. There are plenty of assets sqz can look at.

[pineapple1] 07/1/2019 19:47

more of the same.....



Call me suspicous but is it a coincidence the Buy article came out when it did to give the price a boost in prep for something else . What i mean is a placing at not quite such a low starting price discount as a few weeks ago the reason. Buy rec article out of the blue....hmmmm,.
imho

[oilretire] 07/1/2019 16:34

Shell buying it might be another option, given the re route to SEGAL. Or their silent partner, but they're not very active in NS acquisitions.It's all about the NGL's.....

[dcarn] 07/1/2019 16:10

18 months ago i would have said Shearwater is far too large a deal for Serica but after the Rhum deal nothing would surprise me.

[bountyhunter] 07/1/2019 15:38

Agree on that one :)

[montyhedge] 07/1/2019 15:19

bounty
I do like RockRose.

[bountyhunter] 07/1/2019 15:09

Incidentally RockRose also now has an interest in the Arran field...

[steelwatch] 07/1/2019 15:01

Possibly one or more of the Arran field partners might be interested in sharing the BP Shearwater stake with Serica as we will be sharing the export line?

[almsivi] 07/1/2019 15:00

The BKR template is obviously one that comes to mind. BP get paid a proportion of Shearwater production until their asking price is met then the buyer takes 100% ownership of production share.

I don't recall seeing you (montyhedge) on the BB when the BKR deal was being discussed to death - but if you were here, you obviously missed that Serica took on an asset that was in effect, several times larger than the company with just a small cash consideration as initial payment. In consideration of the above - "how" is a moot point - there are myriad ways.

The crucial aspect for discussion is the strategic importance of Shearwater and the partnership with Shell to whoever buys BP's stake in it.

It's also worth noting that this is not a fishing exercise by BP to see who is interested - someone with knowledge of this has leaked details - they might even know who the favoured parties are - all we can do is speculate as to who it is.

One thing is clear though - the silence from Shell & BP is deafening.

[fardels bear] 07/1/2019 14:53

I was being aggressive not defensive. I've bandied many words with you over the years.

[montyhedge] 07/1/2019 14:42

Fardel
Simple question, you don't have to be so defensive.

[fardels bear] 07/1/2019 14:28

Ay up, it's montyhedge, a troll of the first water from another age. I'll lay odds now that every one of his posts will be about the P word.

[montyhedge] 07/1/2019 14:26

almsivi
All sounds great, but how do you pay for it? A placing it would have to be big.