Member Info for chinch

Profit is profit. I'm going to wait for the announcement of the next deal which hopefully will be on similar lines as BKR. Why would you want to have debt funding an acquisition if you can do a decent deal and with BKR cash rolling in? Still lots more to come as previously advised. GLA

Cracking read that JAdam. Page 14-15 is also interesting as more licences up for grabs. The serica article talks about finding more assets - so go get them SQZ!

Nobody noticed the price increase this morning??

Really good discussion this is about potential takeover and lots of good info. Nice to be involved in a board where we can all have a sensible chat.

All looking good and long may it continue.....buying in at 30p was a godsend....

Possibly but more attractive as the value unwinds. Still don't think there will be an approach unless the BOD feel they need to sell

I’m not sure that anyone would want to takeover just yet whilst we are paying 50% to BP. Surely sqz becomes more attractive when the payments stop, Rowallan drill is known, rhum 3 gets a work over and Columbus spuds. Expect a narrow trading range until the end of April especially when the results are known and maybe they will announce forward guidance.

Am sure that price is hedged so not overly worried about the drop in gas price.

I’ve seen from other people on here that Serica do take time to respond to questions which is great. What we are waiting for imo is results of Rowallan drill, rhum 3 to see if we can get it up and running and the results. All of these should be known by the end of April so not long to wait. Any or all of these to be positive should start moving the SP so patience is key.

I agree with Mitch that you can see the kind of production being achieved. No 2 months are going to be the same.

Still can’t help thinking that another deal similar to bkr will be done this year - lots of interesting sites potentially up for sale.

I’m keeping the faith......

SQZ - the share that just keeps on giving....

The 2 additional other points of interest here is Rhum 3 and the results. Rowallan will be a nice add to production and provides further diversification. Rhum 3 is the big one if SQZ can get it up and running. Not sure if we will keep all the revenue or if it goes ok that we will have to give BP 50%? Results will provide guidance for 2019 so the market will hopefully re-rate accordingly. My price target is £2 which I think is fair and will hold until this price is reached. There could be other deals along the way which may accelerate things. GLA

Could SQZ not negotiate the same kind of deal as BKR. I think the model works for all parties. With the cash now starting to roll in we're in a much better position to look at deals

I'm in at 30p but would rather see a new development than a div

Interesting that the new director purchased shares at £1.10 and is now £1.20 :)

Ftse looking to open 135pts higher - Brent up 9% even though we are mainly gas. Would certainly think £1.20 should be on the cards tomorrow

Explain more Scottology.....

Still holding up remarkably well. Wonder what would happen if the markets were on the increase...... I know we have Rowallan coming shortly but the best way to increase the sp could be the results in March/April. Anybody else agree?

Thanks Dallo for the numbers. In times of downturn in the markets debt can be a killer. No bank wants to loan to you and if anything they may want to reduce the amount borrowed. Just look what happened to the oil industry! I will continue to hold through these uncertain times and think that ITV is a cyclical share. If the overall economy is fine then itv will be ok but if it isn’t then it drops like we are seeing now. Just keep reinvesting those divs and a few years down the line everything will be ok

Guru you are living up to your name - now filtered because your info is remarkably inaccurate. For example why would directors sell at circa £1.50 when they could have sold at circa £2.30

Just don’t like the debt figure and this needs to come down

Agreed

Amazing how many "investors" don't do the research properly which is worrying....