Serica Energy Share Discussion Threads

[captainfatcat] 09/9/2019 16:48

Brent above $63

[simplemilltownboy] 06/9/2019 14:45

Fingers crossed for the share price returning to 135/140 territory and a 5p divi. GLA

[pineapple1] 06/9/2019 14:37

Not than i,m a big big fan of chart patterns (i see many) as my charting involves something different however it seems to be forming the RHS of an inverse H@S which often has bullish implications. Rough target £1.35/40.
Its not pure but hopefully it will come to pass as they often work (and often don't).....
imho

[steelwatch] 06/9/2019 13:51

ta - it was in the calendar, though no RNS, so watch the calendar hopefully...

[captainfatcat] 06/9/2019 12:20

Lord Gnome your not alone.

[lord gnome] 06/9/2019 10:48

I want a divi. 5p would cost them £13 millions and hardly be noticed the way they are throwing off cash.

[fardels bear] 06/9/2019 10:28

Are you talking about profits or money in the bank.?

[steelwatch] 06/9/2019 10:24

Notice of results was given for the interims last year, but not there yet for this:

[dcarn] 06/9/2019 09:55

Whilst gas prices have been low there has been a large increase in nett production over last year that should also offset the lower gas prices.

Nett production in 2018 was 24000 boe/d. Q1 2019 is was +30000 boe/d and figures from the O&G Authority website show this has continued in Q2 2019 (Apr 32550 boe/d, May 26358 boe/d & June 33078 boe/d. Easily a +25% increase in production so far for 2019 with the added good news over the last week that all wells are currently in production for the first time in over five years.

I made the below guesstimate in June (perhaps substitute oil price for gas price)but I’ll stick with it.

"Cash at 31st Jan 18 was $55M

Cash at 31st Mar 19 was $91.8M as per the 2018 FY results presentation.

By my reckoning we made about $36.8M in Q1. If production remains stable and not too much fluctuation in oil price over the full year and we are on for about $147.2M in 2019."

[robo175] 05/9/2019 15:54

Yes some fairly large at trades

[captainfatcat] 05/9/2019 15:53

Sp on the move, will it last or be worked back down in the auction I wonder.

[captainfatcat] 05/9/2019 12:53

Nicely put Almsivi

[fardels bear] 05/9/2019 12:52

We tend not to get many grade A Wallopers on here, almsivi. Most of ours are just about grade B.

[almsivi] 05/9/2019 11:54

If you look back far enough I produced a shopping list of renewal criteria that Serica fulfilled and continues to fill in the absence of new sanctions instruments. i.e UN resolutions, additional Executive Orders or Congressional Bills. None of these have been forthcoming in the last year.I still find it rather tiresome that the media continue to conflate US sanctions with the shutdown of Rhum. It was the UN and latterly the EU that caused the shutdown due to rules on Tehran accessing funds from UK commercial interests. The truth is always the first casualty when seeking a headline for these people.In any case, even if the UN did reinstate the sanctions against Iran that led to Rhums closure, the required work-around is already built-in to the OFAC license - i.e IOCs money can't leave the UK and can't be used to pay for anything outside of its UK commercial interests.Even if I wrote the above everyday, you'd still have disaster capitalist's seeking to short the stock on phantom bad news. If you're not a grade A walloper and want to make some (more) money, keep it in Serica because of all the challenges they face becoming a mid tier Operator, OFAC licenses are not one of them.

[fardels bear] 05/9/2019 11:39

Not at all. I don't think you should. I think if you have one you should say what it is. Otherwise nobody is going to know what it is.

[circles of stone] 05/9/2019 11:29

Are you voicing a concern there FB

[circles of stone] 05/9/2019 08:23

From the article I posted yesterday. Mitch is confident of renewal

Flegg acknowledged that Serica’s need to negotiate annual waivers of the sanctions on Iran could constrain its access to debt, but voiced confidence the current waiver would be renewed in October, and that the financial community would get comfortable with the arrangement

[fardels bear] 04/9/2019 21:35

Wonder if it's news of the waiver renewal.

[circles of stone] 04/9/2019 21:12

Hey almsivi are you going to give a profit Forecast?

[fardels bear] 04/9/2019 16:58

Not been on the pop... :D