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the assets im talking about is this London, 5 August 2014 � Serica Energy plc (AIM & TSX: SQZ) is pleased to confirm it has now completed the farm out of UK East Irish Sea Blocks 113/26b and 113/27c (Licence P.1482) with Centrica through its subsidiary Hydrocarbon Resources Limited (�HRL�). Under the agreement, HRL has acquired an operated 45% interest in the licence, with Serica retaining 20%, in consideration for HRL bearing Serica�s share of costs associated with the drilling of an exploration well, up to a gross cap of �11 million. In addition, the transaction involved the transfer from Serica to HRL of a 15% interest and operatorship in the adjacent Block 113/22a (Licence P.2124), which was awarded in the 27 th Offshore Licensing Round. The equity interests over the two licences are now aligned. The Doyle gas prospect, lying in the north of Block 113/27c and extending into Block 113/22a, is ready to drill. The site survey for this prospect has been completed and planning for the well is under way.
the government has set up the Oil and Gas Agency specifically to promote the commercialisation of existing oils and gas finds such as Columbus. i heard that bull sh*t about cooperation between oil companies on developing small satellite fields 3 years ago and nothing has happened as for the valuation you have on row. well i want to know what you are smoking. and remember row could be a duster. here's a question for you where has our east irish sea and morocco assets gone ???i'm not knocking sqz i'm just saying what iv seen over the years
im just stating what iv seen over this last 6 years i bought at 30p and watched it drop to nearly 2p big oil is not chasing small fields thats why i think Ireland is a dead duck. columbus needs a direct well drilled from the lomond platform and at the moment thats not happening but i'm happy to see the deals done this last two years i just hope sqz can leave aim. this share is a keeper we were promised a drill in the irish sea with centrica but that died a long the way and even if gas/oil is found in rowellan it could lie there for years just like columbus sqz will focus on bkr now so anything else that happens will be a bonus
the colombus field will lie there for a few more years yet so forget it. the oil field that we were going to get paid for when production started has not been developed so you can forget that as well. the irish prospects are dead ducks. and as for chariot they rose on the prospect of a well being drilled in morocco in march and nothing to do with namibia. everyone will be watching namibia later this year when tullow drill a well in the walvis basin i would think BP will still have first dibs on namibia if they want it erskine and the bkr are the only things that will move sqz this year unless we go for a full listing and get away from aim
BP spent 50 million bucks on a huge survey on namibia and then walked away but i'm in no doubt BP will be back they have had years to look at the 3d with their super computer. there must be a gentlemen's agreement that no one else can come in and partner serica. maybe BP want a financially strong sqz to share the cost of a well. i'm in no doubt there is a sweetheart deal in place over namibia
the real problem with the valuation/share price is so many people have lost money investing / gambling on AIM oil minnows that they just don't want to put money in AIM stocks ever again. and the best thing SQZ can do asp is go for a full listing or even just hint that this will be happening in the future after the BKR deal is done and then we will see a more true valuation of SQZ GLA
https://newsbase.com/topstories/serica-faces-sanctions-scrutiny-over-rhum-purchase its a shame that the INOC can't be bought out of rhum because its going to be a pain in the azz
https://www.energyvoice.com/oilandgas/north-sea/157462/rhum-field-may-test-iran-policy-report-says/ now we are going to be a political football . RHUM is a gem but its flawed and will cause us more problems than what its worth BP have political clout sqz don't unless iran can be bought out this field is a mine field for sqz
The Acquisition constitutes a reverse takeover under the AIM Rules for Companies. As such, trading in the Company on AIM will be suspended until the publication of an Admission Document anticipated to be published on or around 30 November 2017. The Acquisition is also subject to the approval of Shareholders, which is being sought at a General Meeting, notice of which will be set out in the Admission Document.
https://www.energyvoice.com/oilandgas/north-sea/156844/breaking-bp-sell-stakes-three-north-sea-fields-serica/ this is what BP get out of the deal
https://www.energyvoice.com/oilandgas/north-sea/156844/breaking-bp-sell-stakes-three-north-sea-fields-serica/ this is what BP get out of the deal
this company has disappointed investors once too often. there is no reason for a premium in the share price for growth. as there is none.the pe is far to high and the yield far to low only hold for a bid
Nexen, a unit of Chinese state-owned energy company CNOOC Ltd., which operates the field, didn't immediately respond to requests for comment. Buzzard, situated 100 kilometers north-east of Aberdeen, generated around 160,000 barrels a day of oil equivalent last year. A prolonged closure of the field in 2012 had major consequences for the U.K., helping to tip it back into recession in the final three months of the year.
http://www.rigzone.com/news/oil_gas/a/126956/New_Outage_Hits_Buzzard_Oil_Field