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Serica Share Chat (SQZ)

Share Price: 133.20Bid: 133.60Ask: 134.00Change: 4.20 (+3.26%)Riser - Serica
Spread: 0.40Spread as %: 0.30%Open: 130.80High: 134.00Low: 129.00Yesterday’s Close: 129.00

Share Discussion for Serica

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Posts: 1,272
Opinion:Strong Buy
RE: Luderitz Basin
15 Mar '19
nothing wrong with retaining a small interest of say 15-20% in a wild cat, the size of the prospects would still have a material impact to SQZ.
Serica have already stated that they want to retain exploration activity. Agree that we should be looking to balance the portfolio with some more exposure to oil
Posts: 1,560
Opinion:No Opinion
RE: Luderitz Basin
15 Mar '19
Deal swap would make sense to me for SQZ to gain more NS assets, but with bias on oil this time.

Stick to what we are good at and forget wildcatting in Namibia imo.

NS has all the riches we will ever need, just a case of doing the right deals.

As we know, I don't think we have a better team to accomplish this.

Posts: 316
Luderitz Basin
15 Mar '19
Quite a waiting game in Namibia, whilst parties glean information from wells being drilled on how it effects their own acreage. PEL 047 for Serica is requiring a commitment before December to drill a well before 2021. Whilst this would appear to be non core at present, perhaps BP is still playing the "long" game here and it wouldn't surprise me to see interest re emerging.

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