Member Info for AimSurfer007

With recent clarify on R3, Columbus, ESG, dividend policy, etc. Hopefully we'll see institution or two building a position. With 3-5 year time horizon you'll get your initial investment back, it's a crime to not invest here. Literally not better O&G investment in the North Sea.

Was holding 17% in Jan. Volume here is not that great, their reduction partly explains why the share is held down? That's why I want share buyback, take them out and SP will be free to head to over £2.

They selling slowly into any volume that exists. Worst case 6 months from now they will be out :)

ULS mentioned and seems excited by the new CEO and his plans. https://youtu.be/Ppt16lTCZ9g

Expanding sales team: https://www.financialreporter.co.uk/finance-news/uls-technology-expands-sales-team.html

Or Board using some of that cash collection dust to buyback shares while cheap. Clear the seller and long term increase the benefit of regular dividend policy.

Fingers crossed :)

If someone wants to sell me their shares for 0.55 I'll happily take it?, who doesn't like a bargain :)

Added to my position this morning, happy with this entry price. 15% below placing price. Dust will eventually settle, the accounts delay is not an issue for me. My focus is 12 months ahead.

if we're assuming 40k boepd is the total net to Serica annual production then BP gets 40% of profits on that output. So Serica gets to keep the profit from 60% of 40k boepd.

Jan 2022 serica will keep 100% of profit from 40k production.

Regardless of the total output and profit share percentage, serica will generate and keep a lot more profits next year and this share is incredibly strong value whichever way you look at it.

Columbus and R3 net to Serica as we're 50% owner's and operator is say 5k + 3.5k so this gets the total to around 40K boepd net to Serica in a year with no downtime (2019). This year production will be less due to pipe shutdown.

Out of the 40K boepd we give BP 40% of the profits as an example, next year we keep it all to ourselves.

Will be interesting to see how flow rates reduce over time. They won't stay at this level until 2030. But saying that Erskine has been stable for many years, I know it's not gas. How does gas flow rates reduce over time, especially at Rhum? Anyone with a view on that?

Good point Venezuela produces 1million boe/d, Peru is what less that 50k? You just can't go down the Venezuela route even if you wanted to. The only way Peru will increase living standards is to reduce corruption and attract foreign investment. Hopefully Castillo will put a sensible team around him and if he has the populations genuine interest at heart he'll do what's best long term.

Added more to my position this morning, I can see us at 25p within 12 months. Next year we will be targeting 20k boepd production. This is not staying at £100m market cap.

Very good presentation on proactive investors last night. OTMP under the leadership of Jason has a real chance now to definitely established top 3 slot but also potentially challenge the top 2 portals. Considering Booming raised money at £100m valuation this share presents incredible value imo.

CEO and Chairman don't need any better motivation than the Long Term Incentive Plan. This won't be getting sold cheaply. Next year with reasonable gas price they can print £100m+ cash, might even get close to that this year if gas prices behave for the remainder of the year. Bring on £1, I'll pile in every remaining penny I have :)

£200k traded knocks 4% of Market Cap :) Eventually interest will have to arrive.

Nice marketing here:

https://equalsmoney.com/expense-management/film-tv

https://bestadvice.co.uk/uls-technology-in-panel-management-deal-with-mpowered-mortgages/

We'll have forties shutdown this year but agree come Jan 2022 (6 months away) SQZ will be in a wonderful position. Personally I want to see a very meaningful share buy back announced next year followed by dividend increase.

Are you calculating Net or Gross production? 45-50k net boe/d is unrealistic. Also remember these wells will deplete over time. In a good year with no shutdowns and output from R3 and Columbus as forecasted SQZ could get net production of 35-40k boe/d max imo.

100% ownership of 30k boe/d net production still makes us significantly undervalued. We're looking at ~ $300m+ annual revenue.

Exactly those who adopt technical solutions and their associated benefits will increase their own case throughput and gain from such adoptions. Others will continue using fax machines and plod along but eventually will need to get smart or go out of business.

This industry definitely needs a major disruption and the new CEO knows it.