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SQZ Share Chat - RSS Feed

Serica Share Chat (SQZ)



Share Price: 3.125Bid: 3.05Ask: 3.20Change: 0.00 (0.00%)No Movement on Serica
Spread: 0.15Spread as %: 4.92%Open: 3.25High: 3.25Low: 2.80Yesterday’s Close: 3.125


Share Discussion for Serica (SQZ)


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Premium Membership
Celticheart
Posts: 6,510
Observation
Opinion:Strong Buy
Price:29.38
Chariot oil not relevant to SQZ
14 May '12
Chariot oil have nothing to do with SQZ, the only way it will have an effect if irresponsible people, as is currently the case on iii, use it as a de-ramping tool. We are surveying 4,125 sq miles with high grade seismic to make sure that we don't come up dry. I hope that genuine holders on here are not stupid enough to allow the shorters to manipulate them.
 
stepptoe
Posts: 11,820
Off Topic
Opinion:No Opinion
Price:29.38
wondering
14 May '12
will the char duster have a effect on sqz today if it dose i load upmore
dan_farrier
Posts: 258
Off Topic
Opinion:No Opinion
Price:29.00
yes
11 May '12
it is promising, we have a date to go by for the seismic survey results which BP are covering the cost of, we've had an aim to bring forward a drilling programme which is great news, and revenues look great.
Savo13
Posts: 1,377
Off Topic
Opinion:No Opinion
Price:29.00
Legs2Die4
11 May '12
All sounds very promising to me but im no expert. Would like this to creep over 30p today. GL.
Legs2Die4
Posts: 71
Question
Opinion:No Opinion
Price:30.00
Serica Q1 2012 results.
11 May '12
The results today look promising, anyone else think so.?
halffull
Posts: 322
Observation
Opinion:No Opinion
Price:27.88
Q1 Results RNS
11 May '12
first-cnr
Posts: 12,089
Off Topic
Opinion:No Opinion
Price:27.88
halffull
11 May '12
any new things in this RNS
halffull
Posts: 322
Observation
Opinion:No Opinion
Price:27.88
2012 Q1 Results
11 May '12
Serica Energy plc

("Serica" or the "Company")

Q1 2012 Results

London, 11 May 2012 - Serica Energy plc (TSX & AIM: SQZ), the oil and gas exploration and production company, today announces its financial results for the three months ended 31 March 2012. The results and associated Management Discussion and Analysis are included below and copies are available at www.serica-energy.com and www.sedar.com.

Operational Highlights:

Ø Company now focused on two business units

o North Sea and East Irish Sea

o International exploration across four Atlantic Margin basins

Ø Substantial value enhancement across asset portfolio occurred during first quarter

o Columbus development agreed for production to commence late 2014 or early 2015

o Farm-out of Luderitz Basin blocks to BP

o Extensive 3D seismic survey of up to 4,150 sq. kms. offshore Namibia underway

UK Assets and Norwegian North Sea

Ø Columbus field achieves landmark to allow development to proceed:

o Agreement reached with all partners and infrastructure owners to allow export via Lomond Field end 2014

o Serica to drill two development wells and install sub-sea manifolds and pipeline to nearby Lomond platform

o BG to build Bridge Linked Platform to Lomond platform and associated infrastructure

o All cost sharing and tariffing terms agreed

o Terms result in greatly improved CAPEX profile for Serica with bulk of expenditure not until 2014

o Increased Small Field Allowances expected to apply to Columbus

o Debt funding alternatives under review for Columbus development

o Field interests agreed

o NSAI estimate 16.7 mmboe gross 2P reserves in Columbus - Serica share 5.6 mmboe

Ø Spaniards discovery appraisal well scheduled for 3Q 2012 (Serica 21%)

Ø Progress made to drill Doyle and South Otter prospects later this year or 2013

Ø Bream Field partners in Norway announce field progressing to development

o Serica's economic interest, based on currently forecasted prices at indicated Bream production start, projected at over US$20 million

Non UK Assets

Ø Namibia:

o Completed farm-out with BP for central Luderitz Basin blocks. Substantial value demonstrated

o Serica fully carried on cost of extensive 3D seismic survey and to receive U$5 million in respect of past costs

o Serica interest in Luderitz Basin blocks after farm-out 55%

o 3D seismic survey commenced early May - target of 4,150 sq km

o Serica remains Operator for the venture during the seismic acquisition phase

o BP has option to earn a further 37.5% by meeting the costs of drilling and testing a well

Ø Morocco:

o Farm-out process underway in Foum Draa and Sidi Moussa licences prior to drilling the first well offshore

Ø Ireland:

o Farm-out process commencing in Rockall basin licences co
stepptoe
Posts: 11,820
Off Topic
Opinion:No Opinion
Price:27.75
bp nambia
10 May '12
with them paying for it i see a go go situation if people cant see your money will be double here i give up shares gla im not ramping or qualified to say it is only my thoughts
DPExplorer
Posts: 211
Off Topic
Opinion:Buy
Price:26.50
Fast Track
9 May '12
Think they will fast track this data, think thats why they are shooting seismic out of season.
C'mon SP needs to move upwards





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