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High demand in the near future as countries transition away from coal fired stations:
https://oilprice.com/Energy/Natural-Gas/Why-Natural-Gas-Wont-Be-Replaced-Anytime-Soon.html
whether Richard Sneller is the seller here over the last couple of months... he buys into companies to turn them around, then sells out to move to the next one (as I understand it from watching which companies he gets involved in e.g. Omega). If he is the seller, then he must be close to being completely out and an RNS soon?
Now that Serinus is back on its feet, debt free etc... maybe he's moving on?
from the TU for Q1 2021 showing this debt free producer is pumping cash out to fund the next low risk drill.
This company has is following a programme that adds to production numbers without taking huge risks.
News on licenses, fitting pumps in Tunisia and drilling schedules in Romania coming up soon too.
Has to be one of the lowest risk producers in the market. All activities are where there are known extract-able reserves.
Those P50 numbers could easily come in between P50 and P90, making your calculations better still.
Just have to wait for the ever-baffling AIM market to sort itself out here.
https://www.ogj.com/general-interest/article/14185325/serinus-energy-amends-satu-mare-work-program
The area is dotted with historic oil fields and shallow gas. They have the seismic and have been reprocessing it to identify brighter play zones. It looks like a low risk, onshore environment with proven accessible reserves and only a few kms south of Moftinu.
None of the issues associated with finding oil in the arctic here... gas flows have been good in previous wells so it's just a matter of waiting for the next good news IMO. It's coming and Serinus is cash generative.
The audited accounts come out at the end of the month, they might have made a few tweaks e.g. the impairment charge makes 2020 look bad, but when Q1 2021 figures are given out in May next month, those could look very rosey if they do a re-appraisal of the assets too...
In any event, this company is making money and the SP is ridiculously low.
"CEO Jeffrey Auld told NGW in a March 18 interview: “These fields along the Hungarian border each with an average size of 4-5mn barrels of oil equivalent (boe) are little gold-mines. If you put a handful together, the rates of return are fantastic. We are getting good returns even at the bottom of the threshold and this is going to get better,” he said."
https://www.naturalgasworld.com/making-romanias-onshore-gas-profitable-ngw-magazine-86671
5p according to interviews found online. Broker target is 6.4p (from memory).
News coming about permissions for pumping in Tunisia and compression being fitted in Romania ahead of the financials in May. It will all look good to the market IMO.