Serica Energy Share Discussion Threads

[bountyhunter] 25/7/2019 18:36

Why all the small AT trades then?

[nigelpm] 25/7/2019 18:32

Not likely pineapple - it's just driven by supply and demand - some days even light volume moves share prices - nothing more to it.

[pineapple1] 25/7/2019 17:09

I get the impression that its some mischievous entity messing around with the price in a thin market to bring this down lower to generate some selling. All these tiny trades can't serve any purpose except somebody playing with the order book.
imho

[spandy83] 25/7/2019 17:05

Getting a bit tired of the continuous weakness here.... cash pile is growing at $10m a month for crying out loud. Yet we've lost $70m in value over the last month or so! Grrrrrr! Need news BoD please!

[steelwatch] 25/7/2019 16:50

BKR news came 3 August last year. Would be nice if history were to repeat 🤔

[lord gnome] 25/7/2019 16:42

Very quiet on here now. All the excitement has moved on to JOG (don't hold) and RRE (do hold). Share price dripping away in consequence. SQZ's day will come again, so at what price does another buy become irresistible?

[bountyhunter] 25/7/2019 11:55

Here's the full list...

1) BKR production increase planned from around 24k boepd to up to 30k yearly average
[ 2019 Full Year production guidance of 26,000 - 30,700k boepd, updated 27Jun19 ]

2) Lower opex cost reducing from $18/boe
[ now $15/boe as announced on 27Jun19 ]

3) 2018 results only included one month of production from BKR and less than three months from Erskine

4) Serica will pay contingent cash consideration to BP, Total E&P and BHP calculated as a percentage (60% in 2018, 50% in 2019 and 40% in each of 2020 and 2021, nothing after that) of net cash flows resulting from the respective field interests acquired

5) Columbus development 2020 production 2021

6) R3 intervention should increase Rhum production significantly

7) BKR hub has capacity to handle increased production including from any nearby fields which may be developed by other companies which could increase revenues - BP did not pursue this opportunity for political reasons

8) Looking to extend life of BKR fields and so push back decommissioning as SQZ has lower overheads and is more focused on BKR than BP

9) Decommissioning costs - SQZ will pay 15% after taking into account HMRC's 50% contribution to the initial 30% liability

10) Erskine production restored, 3.2m barrels of oil originally forecast to be produced but 3m produced to date with new CPR indicating another 3m barrels still to be produced

11) Erskine still producing ~3.5k bopd

12) Cash balance accumulating - cash rich / debt free
[ Cash, cash equivalents and term deposits of US$112.3 million at 31 May 2019 (vs. US$54.9 million at 31 December 18) ]

13) Namibia assets - BP have spent $50 million on 3D seismic in Sericas 4,180 sq kms licensed acreage in the Luderitz Basin Blocks, offshore Namibia, now a hot area again for exploration

14) Further accretive deals

[fardels bear] 25/7/2019 11:54

Expect so.

[bountyhunter] 25/7/2019 11:53

R3?

No. 6 on my list...

6) R3 intervention should increase Rhum production significantly.

[steelwatch] 25/7/2019 11:50

Chemical permit for Rhum, (works unspecified), approved. Earliest start date 1st August with completion by 31 October using this vessel as posted earlier:







2019 - Well interventions

[fardels bear] 25/7/2019 09:44

It's five and a half Canada cents per share. August 1st.

[farmscan] 25/7/2019 09:42

August 1st I believe, but as you say, it is only going to be crumbs.

[seangwhite] 25/7/2019 08:13

Some here F B when is Potter finally letting AEY shareholders get hold of their crumbs?

[bountyhunter] 25/7/2019 08:11

I read that yesterday but it has been known since June 20 and RockRose have said this would not lead to any financial loss.

[almsivi] 25/7/2019 07:59

It would appear that Donald Taylor is having none of it regarding RRE's proposed operatorship of the Braes - I discussed this with a colleague who used to work with me at TAQA and we both agree that they have the means and desire to force RRE to relinquish operator status.

I'm unsure as to how it will affects RRE's plans to generate revenue and increase value - but it certainly puts a dent in any aspirations of becoming a North Sea Operator.

[fardels bear] 24/7/2019 17:12

This is it. Sling yer hook.

[manc10] 24/7/2019 16:48

support broken you need a rampers only thread

[fardels bear] 24/7/2019 12:19

This sure looks too cheap.

[nigelpm] 24/7/2019 11:53

SQZ again? I have this morning.

[fardels bear] 24/7/2019 11:24

I have the remnants of an investment in AEY being returned shortly. Can't decide where to put that.

[pineapple1] 24/7/2019 11:16

Yes did rather well out if RRE. Its a toss up as to wether SQZ or RRE are going to perform better equity price wise in the future. I veiw SQZ as the safer of the two but i reckon the hot money will chase RRE up for a while before it settles down. Perhaps similar to how SQZ went for a few months after relist.
Serica seems to have gone off the boil but i,m certain as one can be its only temporary.
Where to top up is the question....
imho

[steelwatch] 24/7/2019 10:45

Wow! Well done you holders.

[rogerlin] 23/7/2019 18:34

This is an old article and writer doesn't like BP but some historical detail nonetheless.

[bountyhunter] 23/7/2019 09:42

Ok fair comment ta and appreciate your response here.
BP's involvement should help mitigate risk.
Rgds bh