Member Info for flexmw

Serica Energy’s latest tweet update :

https://twitter.com/sericaenergyuk/status/1669221609373151233?s=46&t=uz3in5yMdDdYvqnOjeh9vg

Serica is now a full signatory of the Oil & Gas Methane Programme, the UN’s flagship programme for methane reporting.

Taken from the IOG RNS this morning :

UK fiscal regime

· IOG also notes the UK government's announcement on 9th June of price floors for the Energy Profits Levy ("EPL"), whereby oil must remain below $71.40/bbl and gas below 54 p/therm ($40.7/boe) for six consecutive months in order for the EPL to be suspended

· The Company welcomes the introduction of EPL price floors, however expects the actual impact to be minimal given the particularly low gas floor and the requirement for both gas and oil floors to be met

· The change looks likely to favour larger integrated energy businesses with international production and LNG trading capabilities at a time when greater focus is needed on developing domestic low carbon gas supplies to displace higher carbon intensity LNG from overseas and improve security of supply

· The North Sea is a relatively mature basin and the UK gas market is increasingly dependent on imports. The Company continues to advocate for the reintroduction of a small fields allowance which would specifically help to stimulate much-needed further investment in lower carbon intensity domestic gas fields to displace imported LNG

I totally agree Newkotb, the announcement on Friday was pathetic at best, ok there’s a floor but as you say the chances of it ever triggering before 2028 is extremely slim in the current environment… the articles the day before suggesting the floors to be set at 120% of the last number of years averages, which of course makes sense, to the reality, just shows this as a complete soundbite by the tories in reaction to Starmers previous no new oil & gas licences a couple of weeks before.. hardly stand out…

Anyone following Baron on twitter might of seen he’s done some historical digging on oil & gas average prices etc quite interesting stats :check it out…

https://twitter.com/baroninvestment/status/1667501525785092097?s=46&t=uz3in5yMdDdYvqnOjeh9vg

Mitch Flegg presenting at Shares Investor evening, tomorrow - 8th June

https://twitter.com/sericaenergyplc/status/1666046506984456193?s=46&t=uz3in5yMdDdYvqnOjeh9vg

Would help if I posted the link ….

https://twitter.com/mr21318/status/1663952100751966214?s=46&t=uz3in5yMdDdYvqnOjeh9vg

I saw this posted by another holder, which would of been end of day on Wednesday of this week, now that’s a big UT trade …. I can’t confirm it as not able to look back, anything you’ve seen Newkotb as I know you keep an eye on these things..

2,050,636 if correct & if a buy that’s a nice dividend…

Worth a short listen, Andrew Austin (Kistos) interview this morning on The Times Radio .. time stamp on the tweet..

https://twitter.com/kistosplc/status/1664225983317114880?s=46&t=uz3in5yMdDdYvqnOjeh9vg

Hi Mommur,

I’ve been adding lately, most recently as yesterday & this morning, so going by my track record on timing.. expect a drop this afternoon 🤦🏻‍♂️ on a serious note though, ex-dividend coming up end of the month & that old saying relating to fear & greed.. (maybe stupidity) …

Something needs to happen Newkotb for last years LTIP’s… 100% increase for six months in the three year period & (as you’ll probably know already…) the share price closed at 340p on the day of announcement… nice to dream! 😀

NBP day ahead price is currently around 65p per therm…

WFT should be scrapped…. (wishful thinking 🧐)

London, 18 May 2023 - Serica Energy plc (AIM: SQZ) announces that the Company has granted nil-cost options over a total of 1,075,668 ordinary shares of US$0.10 each (representing approximately 0.2% of the Company's issued share capital) in accordance with the rules of the Serica Energy plc 2017 Long Term Incentive Plan ("LTIP"). The award has been made to members of the Group's executive team and senior management.

These awards include a total of 472,777 ordinary shares of US$0.10 each for the executive directors as set out in the table below and are subject to vesting criteria that are designed to incentivise performance that delivers value for all shareholders.

The vesting criteria are based on absolute share price performance over a three-year period and specific performance targets related to carbon emissions from operations over the same period. For the awards to vest in full, the highest average share price must be at least equal to 500p during the 180 day period terminating on the end of the performance period together with a significant decrease in carbon emissions per barrel of oil equivalent produced.

Directors are going to have to put in some work to get the share price up to & over £5….

Here’s a link through for anyone who didn’t catch the presentation yesterday:

https://twitter.com/investormeetco/status/1650750241593864193?s=46&t=uz3in5yMdDdYvqnOjeh9vg

Infor

Pretty sure you can email him prior to answer in the presentation or you’ll be able to ask during the presentation for the Q&A at the end…

Talking of Directors & skin in the game…..

London, 19 April 2023 - Serica Energy plc (AIM: SQZ), a British independent upstream oil and gas company, confirms that options over a total of 1,897,637 new ordinary shares of US$0.10 each (the "New Shares") were exercised under the Company's 2017 Long Term Incentive Plan (the "LTIP").

Of the options exercised Antony Craven Walker (Chairman), Mitch Flegg (Chief Executive Officer) and Andy Bell (Chief Financial Officer) (together the "Directors") have exercised options over 249,306, 249,306 and 152,907 ordinary shares respectively under the Company's LTIP. The options exercised by the Directors were granted on 25 May 2018 and were due to expire in May 2023.

As set out below, the Chairman and Chief Financial Officer have elected to retain all the New Shares to which they are entitled and to reimburse the Company for the PAYE arising, amounting in aggregate to £432,986.92. In the case of the Chief Executive Officer a portion of the New Shares have been sold to cover the Director's tax liabilities which have arisen as a result of the exercise. In each case the remaining New Shares have been retained by the Directors.

NED share purchases… time to step up Mr Flegg !!!

London, 14 April 2023 - Serica Energy plc (AIM: SQZ), confirms that David Latin, independent non-executive director, purchased 15,000 ordinary shares at an average price of 236.463p per share in the Company and Michiel Soeting, independent non-executive director, purchased 42,300 ordinary shares at a price of 236.20p per share in the Company.

Following these transactions, which are detailed in the PDMR Notification Dealing Forms below, Mr Latin is interested in 45,000 ordinary shares in the capital of the Company, representing 0.01% of the Company's current issued share capital and Mr Soeting is interested in 42,300 ordinary shares in the capital of the Company, representing 0.01% of the Company's current issued share capital.

Proactive interview:

https://twitter.com/proactive_uk/status/1646487917152419841?s=46&t=uz3in5yMdDdYvqnOjeh9vg

Serica Energy: upgraded to ‘Buy’, target of 340p

The bank’s upgrade follows Serica’s acquisition of private company Tailwind and the subsequent increase in group 2023e production by 46% to 44.6kboe/d.

Jefferies analysts also noted a 3% year-on-year growth in group production into 2024, supported by a 4-well infill drilling program.

https://www.proactiveinvestors.co.uk/companies/news/1011896/harbour-ithaca-and-serica-energy-rated-buys-amongst-north-sea-oilers-1011896.html

JOG update RNS - NEO Energy

Jersey Oil and Gas plc
("Jersey Oil & Gas", "JOG" or the "Company")

Greater Buchan Area Farm-out

Jersey Oil & Gas (AIM: JOG), an independent upstream oil and gas company focused on the UK Continental Shelf region of the North Sea, is pleased to announce that it has agreed to farm-out a 50% interest in the Greater Buchan Area ("GBA") licences to NEO Energy ("NEO").

Strong industry partner: NEO is a major UK North Sea operator producing approximately 90,000 barrels of oil equivalent per day and is backed by HitecVision, a leading private equity investor focused on Europe's offshore energy industry with $8 billion of assets under management

I’m hoping it’s for the double whammy effect Newk.. the Bod need to do something to get the share price moving…