Serica Share Chat (SQZ)

cheers

Tazza, can you copy a link?

Interesting research note on SQZ- "The little-known Oil explorer with a 1.4 billion barrel prospect". Could be worth a punt

Operations as projected over the quarter:

· Kambuna gas production averaged 36.4 mmscfd (gross) in line with expectations

· Kambuna condensate production averaged 2,342 bpd (gross) in line with expectations

· Average gas sales price US$6.13 per mscf; condensate average price US$116.90 per bbl

· Columbus Field Development Plan progressing - production still aimed for 2014

Financial position remains positive:

· Company continues to derive cash benefit from Kambuna gas and condensate sales

· Sales revenues for third quarter from Kambuna totalled US$6.6 million

· Cash and cash equivalents at 30 September 2011 of US$18.5 million (US$3.1 million increase over quarter)

· Additional US$3.4 million received post quarter end from sale of Indonesian exploration assets

· No debt and unutilised facilities of US$50 million

· Loss before tax from continuing operations of US$2.06 million

serica plummetd aftter serioes of drilling disappointments but that sell off has made SQZ undervalued, as well as cash flow from Kambuna it has high-potential drilling prospects in namibia, it also has valuable assets in ireland,morocco nd north sea..althoguh value of SQZ UKtax losses alone are estimated to be greater that its market value

sorry mate, i,ve got 400 mags and can,t find where i put the one on SQZ, but will keep looking for it!!

riddler my mate, hope you well,
when I am going to see that link mate?
:-)

Thanks mate, I am still looking forward to read it
hope all well for you
I was right to hold back, wanted to see that sustained 32p which never happen
still will jump if it goes above 32p, but not yet
thanks

sorry its l;ate, will post asap, just brief 50 word tip saying theeir norht sea tax concessions underpin the sp alone, and then talks abpout other asets

always buy shares I've just sold lol! Another example arggh.