Member Info for deeko

120 days. Should be enough to see us through approvals and signatures on the deal!

sanction

tomorrow on trumps Iran section decision. Any ideas? I was expecting a rise on the back of that all going well but not the day before it. I don't expect it to impact the deal in the slightest but through there would be a psychological barrier for any rise ahead of it

The deal is effective as of 1st January 2018. Once the deal is signed we are back paid all revenue from the fields from the effective date.

Have to agree to NewKTOB. As stated this drill is completely free. Carries no cost to Serica and to have a major interested in carrying out this drill specifically in the NS speaks volumes... Huge upside for us on this with absolutely no downside. You should certainly reconsider your thoughts on this because its huge for us.

The market will believe it when it's too late as usual. We all sat here over a year ago saying an aquisition was coming, when it came the market was far too late to get the major gains, I'm 600% up here and looking for minimum a 10 bag... They were too late on Erskine, too late on BKR and will be too late on Rowallen... let them be late and we'll continue to reap the rewards Exciting times yet to be had

I believe they will be applying for blocks in the upcoming license round which will be fun to find out what we get! But I feel our next move should be to scoop up another 25% of Columbus if the development is going ahead.

They can have them for £2 a pop

The smart money is piling in here now. Looks like people were sitting on the sidelines hoping for a pullback to the 40's (delusional).

Also where the hell are the profits from AJE?

Not good whats gone on here... I check in on this one every now and again. Had some great memories of sitting up all night watching the Mexica bigs going through. But thank god I ditched this one. Still the same old crap going on and people cheering on the low prices 'averaging down', it really is a bottomless pit of cash. Hope the long termers get their cash back, SO should by hung drawn and quartered after his performance here or at a bare minimum, never allowed to operate a field again. Good luck all

latest target 105p! Peel have been notoriously undervaluing us too, we've usually exceeded the target by a fair amount

And the license will NOT be up for bid! common sense prevails on that. If the UK would sell a license to another operator, how much investment do you think we'll receive in the future... hence why nobody will touch countries like Venezuela and Argentina with a barge pole

Conkclo, your have no real point... its a processing issue at best (and one you don't seem to understand yourself from the poor explanation you provided) not a reservoir issue, the gas is in the ground and the UK MER policy will want to exploit the resource regardless Also Serica do not need US approval to operate the field. the only reason bp had to close the field was because of EU sanction. The EU has made it clear they do not stand behind trump with imposing sanctions. Serica will get the license to operate, same as ENQ got Magnus and Chrysaor got theirs. Outlay is clearly going to occur however, Serica will receive a hell of a lot of cash from BP on completion of the deal! essentially we will receive between 6-9 months profit on the handover date good riddance to bad garbage I say

Possibly... wouldn't know because I've not seen it... But that would leave a big question mark on why R3 was drilled in the first place, surely nobody is stupid enough to drill a well without the facilities to process it? Similarly with Keith at the end of its depletion plan would their not be ullage available? I don't have the answers but I get the feeling neither do you..

Surely your elsewhere because BP transfer staff every 4 years? Good luck painting the platform or whatever mundane task it is you carryout

Also you stated at some point over the weekend ,if the assets were that good then why are bp selling them'. It's basic economics, reduced staff costs, reduced maintainace and better opportunities elsewhere... Clair is 200,000 bopd, quad 4 is somewhere in the 100,000s bopd and culzean is in the making. If they can drill 2 wells and get 20,000 bbl on these then why would bp wast theirs time on rhum to get 6-7k bbls? You should take a quick economics course if you are struggling with this concept

Have to agree. You do sound like a disgruntled employee. You strike me as a fairly under qualified operative that has a role for which there is no requirement once the transfer happens. You also come across as the kind of employee that causes nothing but problems for all the other staff members onboard by thinking your role is essential and trying to make others look bad to justify your position. Worked with a few of your type... I'd also wager that you aren't qualified to make any of the statements you've made because you've openly stated you've been offshore for 6 years threrfore, cannot be a reservoir engineer and know nothing on the economics and forward development of Rhum... all the best on the asset transfer though. May not be as bad as you are making out once your transferred

Always a sign the company is heading places when the idiots start to post! Just realised, we're not just heading places but being catapulted to one of the top European listed companies by production on ukcs. Only chrysaor and enquest will produce more

Highly doubt you hold any shares here, but if you do the feel free to sell up, the rest of us long term holders are basking in the glory of a 21,000 boped deal that cost us absolutely nothing up front! not to mention the assets are in one of the most stable regions on earth... and rates anticipated to hit over 28k when R3 comes online.