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Hopefully there will be a good sum of cash earmarked for capex on the fast-tracked North Eigg development.

Of course, for that to happen they'll have to hit pay dirt, something they ain't done since Columbus about 17 years ago.

Harsh on Serica.

Shell personnel & their contractors on Shearwater would have known the current status long before Serica.

I'd have to disagree, i think the guys a bit of a clown.

I listened to his podcast at the weekend and heard Serica discussed. He failed to name the company correctly, apparently, BKR stood for "Brent, Kraken & Rum" and no mention of the BP share coming our way in 65 odd days. I thought it was poor on the research side.

Saying that I'm more than happy he's spreading the SQZ word on his platforms.

Times it by three, 21-24K boepd gives £3M a day or just over £1B per annum.

I've seen that £1B banded about somewhere else recently.

https://twitter.com/SericaEnergyplc/status/1443278792617828355

Yesterday's presentation by Mitch & Andy.

Just going over the slides, nothing really new, record income in July, August, and surprisingly September.

The end was interesting, definitely trying for M&A but will not overpay. I thought the M part of M&A was interesting.

No Q&A's as no one asked a question.

The 107 moved from H6 to Skua about 10 days ago.

Yeah, I was going to go but unfortunately can't manage now.

I've been told by IR that they 'hope to release a recording of the meeting afterwards.'

Following the BKR deal, Serica has always been a hold until at least April 2023 when 2022 Full Year results are released.

Excellent research NewKOTB, thanks for sharing.

I'm not so sure AIM O&G companies qualify for BPR. It's very much a grey area that I've yet to get a definite answer to given HMRC will not confirm. I've never seen any O&G stocks in those recommended for this benefit.

'HMRC doesn’t provide a definitive list of companies which fit the requirements. It has a list of business activities which are exempt from the relief, and a stock picker has to analyse a company to see if it fits. Some examples of exempt activities include making an income from property, running oil or gas exploration facilities, and investment trusts.'

https://www.cityam.com/keep-the-fires-burning-beat-inheritance-tax-using-investments-in-aim-shares-and-the-governments-business-property-relief-rules/.

I would love to get a definite answer to this one.

I wonder what that news is going to be.

I suspect there will be no issue with regards to OFAC license renewal in December this year.

SQZ have a valid license until 31st Jan 2023.

"The previous OFAC License was valid for a period of 16 months. In this case OFAC has issued the License for a period up to 31 January 2023. The License may be renewed on application by Serica assuming the conditions continue to be met."

Should have the Resilient on hire by the end of this week.

Supply vessels on hire over the next couple of days and choppers planned for Friday.

Its all down to the weather now, hopefully the swell stays down and they get a window to get on location.

They''ll be paying a divi unless some blockbuster deal materialises between now and FY in April and they re-allocate the cash, either way, it's win-win.
It'll be maintained at 3p but more likely increased to 4p where they will receive the plaudits for 'a 33% dividend increase'.

It was the Operations update, hopefully get a Corporate update, including YE financials the second or third week into Jan, as per this year.

You've made a good choice.

We continue to seek new acquisition opportunities to add further value by
building on operating efficiencies, reducing cost, exploiting synergies and
managing risk
• We have continued to make proposals in a number of acquisition processes but
we were unable to justify offers which met the counterparties’ expectations in
terms of price and risk
• In the current crisis facing the industry we feel our caution in this respect has
been beneficial and has had the effect of strengthening the Company’s position

Absolutely no point in overpaying for assets just for the sake of it. More than happy to wait for the right deal at the right price, something ACW excels at.

Sorry, ex divi was 25th June. I should actually read what I post.

Ex-dividend date was 26th June so that's when the theoretic 3p would have came off. All in the price now.

-- Subject to shareholder approval the dividend of 3 pence per share will be payable on 24 July 2020 to shareholders registered on 26 June 2020 with an ex-dividend date of 25 June 2020

They did indeed hit a £1, I think it was just after my first purchase at 95p in June 08. Fortunately averaged down many times in the subsequent years.