Serica Energy Share Discussion Threads

[fardels bear] 24/6/2019 14:59

Nowt happens at the agm in my experience...

[captainfatcat] 24/6/2019 14:38

Anyone form here going to the AGM on Thursday?

[captainfatcat] 24/6/2019 14:26

lol I was all excited for a second and thought the share price was 140p but it was only the daily price change of 1.40 pence

8-)


Back to sleep


Good things come to those who wait...

Tick Tock

[fardels bear] 24/6/2019 09:21

Oh to be 17 again, but knowing what I know now.I'd have been living la dolce vita by the age of 20.

[bountyhunter] 24/6/2019 08:05

absolutely, & particularly good lyrics, e.g. the lunatic was on the grass!

[fardels bear] 24/6/2019 07:55

Now, that was an album!

[bountyhunter] 24/6/2019 07:39

not the dark side of the moon then, could be another album there

[fardels bear] 23/6/2019 15:59

Where on earth is that, then?

[upomega] 22/6/2019 22:18

You know what to with your boxer shorts..you van stock em where gad dummne moon shun

[fardels bear] 22/6/2019 13:06

No drawers!

[captainfatcat] 22/6/2019 12:50

FB you could try a bit of wassailing ;-)

[nicnic1953] 22/6/2019 12:36

Red horse !!

[steelwatch] 22/6/2019 11:56

FB - scrumpy from the sounds of it - bright golden haze o'er the meadow and all that.

[fardels bear] 22/6/2019 11:42

Is that some sort of ceremony invoked to get your on I ions to flourish?Personally, I reckon you've had too much sherbet...

[upomega] 22/6/2019 08:29

Burning clutch and planting some onbibions. lets just hope that a drone doesn't somehow fly past our platform and it has to be shut down in the interests of national security. Maybe we could put one of those mobile speed camera,s there to protect us . off now just bought a apple orchard

[overeager] 20/6/2019 17:35

.. However, I've often picked up useful info in conversations over coffee afterwards.

[overeager] 20/6/2019 17:33

I was well aware of that thanks!

[fardels bear] 20/6/2019 17:09

It won't be. Serica don't do surprises at AGM and everything would have to be RNSd prior...

[overeager] 20/6/2019 17:05

I'll look forward to the AGM - could be an interesting one this year.

[oilretire] 20/6/2019 16:29

I thought Shell wanted it, but not at the price BP wanted? Hence my comment that they are playing hard ball and walking away for now in the full knowledge that BP are committed to their share of topside & pipeline mods.

The Shearwater production stake up for sale is 'only' the Shearwater field, I don't think BP have any interest in any existing or future tie backs (the future of the new hub). It's in decline, way off it's peak but would still be useful for the likes of SQZ.



I'm sure BP/SQZ could come up with a clever way to structure a deal, we already know they are good at that ;-)

[fardels bear] 20/6/2019 16:25

But they tried selling it to Shell, but they didn't want it..So maybe SQZ might take it off their hands if they sweetened the pill sufficiently.Short of Andy Austin, I can't think of anybody else who might want it. It's too big for the small players, too small for the majors who are pulling out anyway, so that leaves the hedgies like Chrysoar for whom it may not be a good fit, or big enough.

[oilretire] 20/6/2019 16:18

Yes, which maybe of strategic interest to Shell but not necessarily to the likes of SQZ.

[fardels bear] 20/6/2019 15:03

It can only be what BP owns, can't it?

[oilretire] 20/6/2019 12:22

Yes, I realised the percentage but if it's just a share of the platform and the ageing main Shearwater reservoir it's not quite straight forward is it? There's also the ownership of the old export infrastructure that all the owners are pulling out of.

e.g. in this article



The British company has contacted potential buyers, the people said. It doesn’t want to pump money into the project, in which it owns about 28 percent, at the same pace as operator Royal Dutch Shell Plc, one of the people said, asking not to be named because the matter is private. Shell in December approved an investment in the Shearwater platforms that would allow it to collect more natural gas from nearby North Sea fields......


So is Shell playing hard ball? As far as I remember BP has no stakes in any of the new tie backs, however BP remains on the hook for 28% of the topside & main infrastructure modification costs. No doubt if they really want out then SQZ/BP could come up with a deal that makes excellent business sense for SQZ to take it on.

[bountyhunter] 20/6/2019 12:06

Yes agreed, I've forgotten already :)
(for now)