Serica Share Chat (SQZ)

I agree also . Should see a good 20 percent drop come results. Fingers crossed kristo mob will arrive

I agree elmore, with Iran's share now being held in escrow I can't see this being an issue. When the Ruhm was shut down (I think in 2013 ) BP were the operator, with Rhum being a relatively small part of their portfolio and their relationship with America i doubt they put up much resistance. . Following the acquisition US nationals involved in Rhum production have been relocated , I believe we also reviewed our safety and service companies to make sure we could maintain production without any US involvement if necessary.

No upomega i do not as there is now a new james bond film out and not to mention the trade deal of exporting the odd sheep to the u.s. great britain were getting there.inmho and representing any gernabobs growers

Upomega.
Do ya think the current situation with nord 2 will have any influence and escalating spike in gas prices in the long term.

This deal is a concern? How? An agreement has been reached with US about the treatment of the Iranian share of Rhum. Its essentially being held in escrow. Nothing Iran can do with it unless it comes out of escrow. That will not happen until sanctions are lifted or if another agreement is reached with the US about the treatment of the Iranian share. Iran has no leverage at all under the current arrangements.

Great post

Could be trouble ahead for us with the spectre of secondary sanctions being imposed.
As long as Iran own 50% of Rhum, whether it is a strategic UK asset or not, it is a concern.
Would Iran sell? I think not, Rhum gives them a little leverage over the UK which I guess they enjoy.
Does anybody know if they could be forced to sell by the UK government?
https://reut.rs/3ud263l

Hi RELLIM - echo that...

I guess that post the Y/E 2022 figs. that would be the ideal time for the BoD to go for a main mkt listing when Serica's sp should be really in the ascendancy.

If a T/O for us is announced prior to that, Mitch & Co would surely put up a stiff defence with what those results would likely convey as to what the Co's really worth; either way, the outcome should be very pleasant for all the LTHs invested here - sasa.

I totally agree. I just hope that they can fend off any unwanted approach. Especially from companies that can only offer paper.

Hi sasa, Couldn't agree more with you re YE2022, as long as we are still independant. Just goes to show what patience and faith can bring.
I do recall many, many years ago when we were both invested in another North Sea oily, it still hurts thinking about that and the huge amounts lost. It really is a warm feeling to have a BOD that is honourable and have someone like Mitch at the helm. Just hope that one day he will follow through on a suggestion that he once aired about taking us onto the main market.
Stay safe

Yep, agreed, RELLIM - the forecasts will be the most informative pointer to consider, given the exceptional gas price / conditions we're now seeing.

The 2022 Y/E should be quite something! - sasa.

Hopefully we will at least stay flat. Dont worry about getting a life. Just get a covid dog.that seems to be the latest trend nowadays and work from home. Even the f...rt bbc radio two presenters are doing that. Bless them all.

I'm getting quite excited now for Tuesday morning, shall be logged on at 7am prompt. I think that we all have a rough idea as to what the figures will be, it's more about what is said that i shall be looking at.
OK, so I do need to get a life!!!!

And not extea subsidies for geranabob growers.

Wonder women

Kylesnyder
Excellent news. Personally i would like to see a windfall tax of at least 50 per cent. The problem with taxis is the taxation it is designed for/around never goes to the root cause. I just hope and pray that this tax levy goes to heating and supplying energy to the people that need it.

"Linda Cook, 63, the chief executive (Harbour Energy), said that the company had averaged in excess of 210,000 barrels in September. She confirmed that the company remained interested in further deals...."

Very well spotted Cappsy and very well done to the Hardy's. They will now be drawing dividends annually that cover their initial investment. I have been in SQZ for twice as long as them, but unfortunately have a much higher average. Never bought whilst in single figures but do have a very healthy return, but not as high as their 70 bagger. Well done them.

https://www.thetimes.co.uk/article/94b6d75c-1ca3-11ec-95b9-6429167b0259?shareToken=ce914c09dc4603a78771547795b9fae5
An article on Serica, prospects of a windfall tax and the astuteness of the Hardy.

Got good post

Meant to read a debt takeover by a predator.

Gotabesirius. Good post . Nothing wrong with taxes.

Inflation set to hit 4 per cent. Ultimately this will result in higher costs assocuated with debt. Serica could now not be i a better position . The last thing we need is paper funded takeover inmv.

Yeah, I was going to go but unfortunately can't manage now.

I've been told by IR that they 'hope to release a recording of the meeting afterwards.'

To far away for me.but if i am still a shatehder i will definatly attend the next one.