Member Info for D220

Interesting that Ineos is delaying the deal over price concerns.
"Oil industry experts at Wood Mackenzie said dealmakers faced an “an uphill battle” as volatile oil prices and bearish equity markets fuel uncertainty in the M&A market."
https://www.telegraph.co.uk/business/2019/01/21/oil-price-jitters-stall-north-sea-expansion-ineos/

Anyone out there? I have been invested for over a year, started buying a small amount at over 50c and have continued to buy more on the way down. Massive potential IMO. Results due in next week or so and drill programme ongoing.

A thought has just crossed my mind:-
Serica don't "Do PR".
So why the analyst vist? Is it possible that the next acquistion is going to be so substantial that they will need to raise a chunk of cash? Maybe as Deeko commented earlier, Shearwater?
Views?

I guess they must have liked what they saw as we are hitting new highs this afternoon! It would be nice to close over 140p :-)

I certainly wouldnt want to be trading this as an announcement of an acquisition could come at any time imo. They quite clearly havent reached what they consider to be "critical mass" yet.
So many companies talk about "shareholder value" but this is one that actually delivers it. I have faith that any additional acquisition will continue in this vein.

https://www.serica-energy.com/downloads/presentations/Jan%2019%20Corporate%20Update%20Final.pdf

Thanks ferrotty, I got the "ETAP" bit, just didn't understand the "special project" comment.

Not a chance! Wildcat exploration just isn't Serica's MO, fortunately.

Rhum - not sure I understand your post. Just me?
Looks like it wants to push ahead today, buying at 137p...

Kenco, I sympathise. I need to cash in around £3k for daughter's Uni fees this term, due end of Jan, so have been holding off in case of news of a "new deal".....

Very nearly back to 12mth high (136). Maybe realisation of the cash generation here?

Move to EVs gathers pace...
"JLR is also thought to be considering speeding up the electrification of the company’s range.
Insiders believe JLR could reveal plans to build an electric drivetrain at its Wolverhampton engine plant, and battery assembly at another site."
https://www.telegraph.co.uk/business/2019/01/10/jaguar-land-rover-slash-5000-jobs-faces-perfect-storm/

Well, I have put a toe in the water here. Interesting that IG won't allow opening SBs online.
Potential outweighs risk at this price, IMO

Still watching, but expect this to remain "dormant" until the approach of testing in Spring...

Why would they not do a deal on similar terms?
Shearwater production is 70k boepd. BP 28% share would be 19,600boepd.
If BKR woprked for them, no reason Shearwater couldn't too. IMO

Looks like Ensco 121 in position....
https://www.vesselfinder.com/?imo=9621481

I am in full on holiday mode and had forgotten that there wasany trading this morning!
Maybe it is a somwhat belated Santa Rally?
Looking at the position of Ensco 121, it seems to be waiting off the coast near Arbroath rather than making its way to Rowallan. Maybe weather related? Can't see a spud before next weekend now.....
Come on, lets a have a close above 120p!

Fantastic - on site maybe Monday and should spud later next week, all being well, with results by end of Jan.
Merry Christmas all.

Can anyone tell me what volume that last trade at 1.88 was?

Spud - at least SAND is going the right way now - up from $3.50USD to over $4.50 in the last month!
The only other gold exposure I have atm is NRG (worth a look as massively undervalued - I know, they all are!) as I sold CORA just before the latest placing.
Merry Christmas ex MARLers!