Member Info for D220

"expect to have it repaired by Christmas." I guess the market will believe it when it sees it....!

Certainly looks like 'business as usual' again today! I am still struggling to believe that no one has crossed the 3% notification threshold since the BKR deal. Only 8m shares needed and we have averaged 1m trades per day over the last few weeks....and still no holdings RNS.

My mistake, the spud date for Rowallan has slipped form late Q2 18 (June Preso) to Q3 18 as per yesterdays preso. Reading what was said yesterday convinces me further what a great deal BKR is. We don't even need to find the £12.8m initial consideration out of cash reserves as this is not payable until completion (mid 2018) and will be funded by BKR revenue from 1/1/18 ! What are we going to do with all our cash? OK so we are opening a new Operational HQ in Aberdeen and will need to pay the TUPEd staff but that will be covered by BKR revenue. In the meantime we sit on £30m plus! Maybe there was a hint in the Chairman's Statement yesterday: "We felt that a significant transaction would also have the added benefit of creating increased financing capacity and scale, thereby boosting the range of new opportunities open to us. " Sounds to me like another deal in the planning stages!

Bioking's comments re Rowallan are IMO very interesting. Can't believe that this is so "low key" here. Spud due late Q2 18, fully carried by Eni and a P50 case of 8,000bopd net to Serica by 2024 if successful. I dont reckon ANY value has been given to this in our current sp.

"shareholder noted BP announcement that the deal with Serica will produce £300 million to BP and Chairman indicated that this figure did not surprise him - our 50% is therefore presumably worth more than our current market cap !! Ops Man was very optimistic on the results from the carried interest in Rowallen - about 6 months to wait for these - and Columbus - possibly 2019 - plus strong feeling that Serica lower costs in themselves would extend the commercial life of the minor fields. All very positive. BTW I overheard Peel Hunt indicating that their target of £1.15 was very pessimistic...."

From reading the RNS dated 21/11/17, it would seem that completion of the acquisition is conditional on (among other things): A waiver of pre-emption rights from Iranian Oil Company (UK) Limited, BP's partner on the Rhum field; Receipt by Serica UK of an OFAC licence and arrangement of satisfactory banking facilities to conduct Rhum operations; The OGA's consent to the assignment of the interests in the BKR licences to Serica UK and the transfer of operatorship of the BKR Assets to Serica UK It goes on to note that : It is anticipated that some of the conditions (and in particular the OGA consents referred to above) will take some months to satisfy. Accordingly, it is not anticipated that Completion will take place until mid-2018. Completion will not take place unless Admission also occurs. So the answer to your question would appear to be mid 2018 but if any of the above conditions are NOT met, Serica can pull out of the deal.

RNS : And there it is - all rersolutions passed. Lets see if that takes the steam out of the rise. NOTE that CHAR is going well today, up 10% - I wonder if there could be a Namibian connection???

Lol! No probably not! And you are right, we are that much closer to this "transformational" deal starting - AND a load of aother signifcant news!

Looks like someone thinks the AGM is significant. I cant see anything other than a midday RNS "all resolutions passed"......

http://www.telegraph.co.uk/business/2017/12/12/fears-uk-gas-prices-could-soar-winter-shock-events-hit-supply/

NKOTB, I think the "confusion" re 6" has come about because the hairline crack is 6" long now.... http://www.telegraph.co.uk/business/2017/12/11/energy-markets-roiled-ineos-shuts-north-seas-largest-pipeline/ "The crack has grown to almost six inches long despite efforts to limit the damage."

Is a major holder in CHAR and has been offloading (RNS). The CHAR bb suggest that he is a holder of SQZ too (not listed on SQZ website so maybe less than 5%?) If so, has he been offloading or acquiring more?

Can anyone tell me if the 200.7k trade at 74p and timed by Google Finance as 16.10 was a "late trade"?

RM - you are on one of two things: a) The wrong BB b) Drugs

Hope you all got your top ups?

Where will it come out?

Thought that there might be a little more excitement that we are getting 117k buys at 76p! And yes, I know weare still WAY undervalued!!

"buy"!

60k but at 74.03p and another tick up. Doesn't take much to move this.....someone wants your shares!

57k buy at 73p! Wouldnt bet against clearing 75p this afternoon. And yes, where is that Holdings RNS????