Serica Energy Share Price (SQZ)

Https://www.energyvoice.com/oilandgas/north-sea/exploration-production/552920/north-sea-operator-hartshead-resources-shares-in-trading-halt/

" Hopefully the NSTA will communicate what this means to the thicko government, whoever is in power"

From now until after the election all policy will be drive by politics, after that we will have a labour government and policy will be driven by ESG and Woke ideology along with tax and spend bit like the conservatives but worse. Shell will probable exit the UK followed by BP and many others. But this won't matter according to Labour as we will have lots of cash generated from green industry and jobs if they can only find the money to fund all this c***.

With such punitive and uncertain fiscal conditions, it's no surprise that there's a lack of interest in drilling licences. Hopefully the NSTA will communicate what this means to the thicko government, whoever is in power at the end of this year. No drilling, no development, and far earlier cessation of production for most fields. The tax revenue will stop, tens of thousands of jobs will be lost, and we'll need to import all our hydrocarbons at considerably higher environmental impact.

Good news!

We have not been offered any licences in tranche 3, presumably because we did not bid.

Not exactly a list of nobodies but there's a definite lack of interest from the big players

https://www.nstauthority.co.uk/media/t40pqogd/tranche-3-awards-by-company.pdf

"Before you consolidate, you have to put a value on the assets, and it’s very difficult to do that if you don’t know what the fiscal regime is going to be,” said Mitch Flegg, the former chief executive of Serica, who has become an adviser to the company."

Pity he did not think this way when buying TW!