Member Info for D220

I've said before that Morocco would be a good place to diversify to and reduce exposure to the anti O&G nonsense in the UK. Gas with CHAR or better still PRD would make sense to me. Come on Mitch, you know it makes sense. Time to stick two fingers up to HMG.

Nothing to get excited about there as far as I can see. Still holding patiently here but I get the impression that this is just teading water waiting for markets to improve.

I have read the RNS twice now and am not seeing that?

Who says that the CPR WON't be after test results?

"It is anticipated that the Company will complete and publish a Prospectus in the COMING WEEKS to.....

An updated Competent Person's Report will be produced at the time of a Prospectus."

My capitals.

Certainly strange not to include ANY financial info. How can we judge how significant this is?

Not enough there to justify the 50% rise from 1p IMO.

So, only an option at this stage and can be taken up or dropped at any point over the next two years so minimal commitment at this stage.

Brilliant. Too much to expect that people will actually think for themselves though, sadly. :-(

Https://www.telegraph.co.uk/business/2023/06/23/north-sea-oil-giant-deal-windfall-tax-warning/

So Eni have snapped up Neptune.

"Eni has had Neptune in its sights since at least late 2022 in an attempt to expand its gas business. "

Wish they had put an offer in for Serica before the Tailwind deal. Or maybe they did.....

Certainly looks like a re-rating is taking place :-)

Having bought in Feb '22 at over 40p, it has a way to go before it is a good investment for me :-(

Interesting read NewKOTB! I very much like this bit:

"looking at other acquisitions right now that are currently only focussed on the UKCS"

Stuff buying PRD, let's have a decent buyout offer. They can have my shares for 400p.

There has been talk in the past that SQZ should run the rule over Chariot and get into N African gas. What about Predator O&G? I mentioned it a week or so ago but got no response. If (as seems quite likely), they are going to have more gas than they know what to do with and limited funds, it might be a good fit for SQZ. Thoughts?

Great news - my wife doesn't know that I have invested at 7.82p this afternoon! My track record is "mixed" so thanks to my ex colleague Oskar for the heads up. Really hope that Mrs Silverfoil is on the money! :-)

"If some shareholders wish to bury their head, so be it, I don't and won't ignore it."

Purdey, I am really interested to know WHAT you are going to do about it?

I know this has been said many times, but the utter, boneheaded idiocy of politicians is astounding. The outcome of their current policies could have been seen by a 5 year old. Come on Serica, diversify from UK production.

Btw , has anyone looked at Predator O&G?

F79, don't let it get to you. One or two semi-literate posters are not worth the hassle. Filter them if you need to!

I am not sure what those that are not happy/distrustful of management are actually wanting here. You've had one vote and lost. I assume if Stage 2 is approved, you will all sell up? I don't see any other alternative.

I WILL vote against Stage 2 and am not overly happy with progress so far. However, I still believe that my original investment is salvageable, possibly even with a profit, so I will sit tight for the rest of this year and review progress then.

Anyone able to attend this morning? Any feedback much appreciated :-)

Captain, I would have thought that if you saw value here at over 100p, you would be snapping up more at these levels? I have just doubled my holding with another £5k at 98.07. Probably isn't bottom but 7% yield will do me.

Https://www.telegraph.co.uk/news/2023/06/06/the-necessity-of-oil/

"the GMB’s general secretary, said Labour had “got it wrong” and risked creating “a cliff-edge with oil and gas extraction from the North Sea”. He is right. Sir Keir Starmer needs to rethink."

Fat chance of that.

Https://www.telegraph.co.uk/business/2023/06/04/rosebank-north-sea-oil-field-britains-last/