A good day here with a further, small rise following yesterday. I would like to think that we will see a steady upwards move to 25p over the next few weeks as I still feel as though the current price does not refect the truevalue here.
Serica having diluted my original holding in 2013 with a further 67 million share placing, plus a further 13 million to BP in 2015, I would ask why go on the acquisition trail, when further finance will be required for Columbus or a larger position in Namibia, if we can farm out. Whilst I would like to see some strategic new licences, on a 2 year timescale SQZ is very well positioned, with only negative being a single production source, but I can accept that risk. I did see the Namibian Licence going, but that seems not to be the case and removes that negative. In the 4/5p SP not so long ago, I did see SQZ as an absolute bargain and a candidate for a takeover, and seriously backed my hunch, although I feel that has passed us by now - Tom Cross likes gas but it never happened!!
Going forward, I can, like a number of posters, see a steady rise in the SP, with Columbus FDP hopefully sooner rather than later to keep the news coming. I know, I know, an acquisition would be a positive, but I've been looking at Ireland and Namibia licences so long, since the struck oil at Bandon, that some movement there would be preferable and a good share boost. GLA
I wonder what they have up their sleave for "transformational year" for 2017 as one could argue we have seen that in the last 12 months or so with erskine. Apart from the progress with Columbus, Doyle etc.. what else do they believe they could secure?
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