Member Info for chinch

I know that. The issue has been ongoing for 6 months and now we are on a temporary licence for 1 month. So, 6 months of talks have not yielded a licence so far so what's going to happen within a month?

That's not the way I read it. Far from a done deal as why just not issue a renewal for longer rather than a month?

Totally agree with regards to risk here. A couple of points to this could be: Why announce the purchase of more B&K if they weren't confident of the deal going through? This additional interest is only confirmed on the BKR deal. There must be more to the postponement back to 1 November. This is quite a specific date - why? All to play for and let's hope the deal goes through GLA

Nothing new then

Just had a very quick read and the cash position has dropped to $13m. Columbus not spudding until 2021. Nothing on Ireland or Namibia or anything else. I'm still holding but would think that the market should be neutral and even a drop in SP could be on the cards. Just goes to show that this BKR deal is huge in the big scheme of things and if it doesn't complete then SP could drop to 20-30p easily

and BKR is 85% gas not oil

Any ideas on the drop of nearly10%?

Surely half year results and maybe Erskine update by Friday?

Looks like the buys are coming in again.....

Market likes it and yes no mention of any doubt over the deal. Fill your boots!

Surely the announcement of the BK deal more or less said that the BKR deal would happen as why buy an asset that effectively you can't buy if you knew the deal wouldn't happen. Only slight concern is that negotiations are taking a long time so potential issue? Still holding a decent chunk and will continue to do so even if the BKR doesn't happen. Lots in the pipeline (excuse the pun)

Nice start to the day with a couple of large buys

Agreed. RNS was quite bullish about the deal

This is very much a risk and reward play. BKR deal goes through then easily over £1 - if not then expect a sharp drop. I'm wondering if they have bought more of BK as part of a deal if Rhum doesn't happen. But it did say in the RNS that the BK deal was only going to happen if BKR was done. Either way we should know more within 6 weeks

Article on Sky News website that British Gas are to increase gas prices. Perhaps more good news for SQZ as government will be under increased pressure to do something about it. Analysts reckon that if Iranian oil is stopped then price of oil could go to $90. Just need this BKR deal to go through and this will fly as well as Erskine back online, Rowallan, Columbus, Nambibia and other licences etc.

Looks like some large buys going through especially the one at 10.33 - £85k. Shows a sell but looks a buy. Is Hardy topping up again??

This should say it all from the Telegraph article:

“We’re not underestimating the scale of the challenge,” said Mitch Flegg, Serica’s chief executive. “But things are moving forward.”

He told The Daily Telegraph that he had been “surprised” by the “huge” amount of cross-government support given to the negotiations.

The Oil and Gas Authority and the Department for Business, Energy and Industrial Strategy have been joined by officials from the Treasury and the UK embassy in Washington DC to help in negotiations with the US authorities. “Everyone has been very clear that this is important for UK plc,” he added.

Going to be a lot of cold people and price rise hikes if this deal does not go through so no wonder the government has intervened.....

Could look to be a nice day. Slowly but surely edging up. I think the risk of the BKR dealing not happening is receding. Just wish Trump would think before he says something or maybe he does this so his mates can buy some stocks on the cheap?

Yep lots of news due shortly that will either make or break. I'm not selling

Nice start to the day - carrying on from where we left off from the previous few days