Serica Energy Share Discussion Threads

[cielos] 11/2/2019 16:14

Yes plenty of up after the earlier downs, but moving lower again, oil prices are doing the same with a maximum of $1 up/down

[captainfatcat] 11/2/2019 16:07

Nice recovery today lots of sells getting hoovered up decent volume as well

[fardels bear] 11/2/2019 15:57

If his fear for the New Year is to be decommissioning costs I'm surprised he's not joined the gang at RRE where we could taunt him some more.

[dcarn] 11/2/2019 15:53

I better sell up, those decommissioning costs are starting to worry me :-).

[captainfatcat] 11/2/2019 14:31

ross in addition to the abbots reply above and in case you were unaware on November 1st 2018 (a reason perhaps why the BKR was delayed until later that month) was the government introduced ‘Transferable Tax History’ for transfers of oil and gas fields in the North Sea.

This allows companies selling North Sea oil and gas fields to transfer some of their tax payment history to the buyers of those fields. The buyers will then be able to set the costs of decommissioning the fields at the end of their lives against the transferable tax history.

[dunderheed] 11/2/2019 09:46

Hi GG - ah so u have looked at rre - or were just using as a comparison of the ridiculous 'value' of UKOG?
the abbot completely agree re value of sqz - but if a few people are taking well deserved profits off the table in the current environment good luck to them too.


Best of luck all.

[nigelpm] 11/2/2019 09:10

lol - GG is no Baron's day ramper! ;-)

[general george] 11/2/2019 09:08

Haha DH, probably not.

Gas up a bit to 47p now.
I am watching closely, will probably consider buying some back if it drops too much.

If it doesnt, there are plenty of other opportunities.

Ukog is plain bonkers, cant see how that is worth more than RRE!

[dunderheed] 11/2/2019 08:51

Or news (in the market) of you de-risking GG!!

[general george] 11/2/2019 08:25

Gas down to 46p per therm this morning.

Probably affecting the share price

[fardels bear] 10/2/2019 11:20

So do we all, jumbo.

[obmuj] 10/2/2019 11:12

Sunday Times article this morning: North Sea fields up for grabs. No mention of Serica directly but nonetheless interesting “movementsR21; afoot” with one reference about how the fields are rapidly changing hands. I don’t suppose SQZ has enough in the kitty (at the moment) but who knows, with this excellent management team. I like the added inference to Hurricane Energy (HUR) too which is very much on my radar with the hookup of their FPSO, albeit third time lucky if another rope doesn’t snap. I’m so pleased I got “out of Africa” (BLVN, AFR to name just two by way of example)as I feel big things are on the horizon around my SQZ and HUR change of investment direction. Hope I’m not wrong.

[bountyhunter] 09/2/2019 23:04

Will do but I think my risk score is already way above average!

Good band tonight.

[fardels bear] 09/2/2019 22:58

Be quick. 50p down from 120p on delayed funding news. Rumours funding might be imminent. It's been walked down by a persistent seller. See what you think.

[bountyhunter] 09/2/2019 22:39

I think I checked it out previously but must have another look sometime when not distracted like now!

[fardels bear] 09/2/2019 22:20

I'm sure he's not. :)

[bountyhunter] 09/2/2019 22:19

I think IOG would be a much better acquisition if Mitch is reading this!

[fardels bear] 09/2/2019 22:11

Thread heavy on cheerleaders so keep a low profile unless you're feeling wicked.

[fardels bear] 09/2/2019 22:10

No debt. One oilfield 11.2mmbo P2. No funding. Up to 570mmbo C3. Have a look at the thread. I keep telling Mitch but he remains tight-lipped.