Member Info for flexmw

GRG now down to 5.78% & a similar 4.1 million sold in 24hrs…

Serica top 20 share holders website updated with their current holding.

This the link to the article Upomega?…

https://www.heraldscotland.com/business_hq/19414008.north-sea-firm-growing-production-off-shetland-aberdeen/

Gareth

Interim Results beginning of September, but we should have news on R3 online & Columbus news prior…

Shell to buy BP stake in Shearwater field, superseding Tailwind deal

https://www.energyvoice.com/oilandgas/north-sea/333091/shell-shearwater-bp-deal-tailwind/amp/?__twitter_impression=true

Newkotb

I wondered that as it surely wouldn’t go through & be recorded… strange..

16-Jun-21 15:39:03 128.60 0 Buy* 0.00 O

Own up.. who’s the big buyer?? I was expecting a new lower low from the Bot & it being an A trade!

Gareth

I’m no chartist but keep an eye, two recent (i say recent loosely) spikes saw the share price hit the 134p region (beginning of the year & prior to ex-dividend last year) so I would like to see us get above this & hold/close before heading higher & attacking the all time high & beyond, we did go above this on Friday as you say & fell back to profit taking, so for me the 134p is key to start of a bigger move…

All positive so far, I expected more restrictions relating to CV-19 to date, so i’m pleased so far..

Starchild

Appreciate your input.

Thanks

Starchild

In reference to your second point - CEG receiving circa $50 million cash from a major, covering back costs etc…you’ve referenced this several times previously in posts, what makes you think this is a possibility? Do you have any examples?

The two times i’ve experienced a farm in to a drill, the company has put forward a percentage of the drill costs earning them the rights to a percentage of the acreage/prospect, no upfront payment, no payment for works leading to the drill etc.

Genuinely interested. Thanks

Almsivi

Always appreciate your knowledge when you contribute, thanks.

Muckle

Dickupham is right that going from our current 60% to 100% is in real terms a 66.6% increase on our BKR figures..

Newkotb

If the gap does come back to be closed, that must be a great buying opportunity! We’ll see…

https://www.energyvoice.com/oilandgas/north-sea/329179/serica-says-flow-test-puts-third-rhum-well-at-upper-end-of-expectations/

Will be interesting to see actual flow rates when put into production, but Mitch’s comments on upper end of expectations is great news!

The new completion equipment has been successfully installed into R3 and a flow test has now been performed. A stabilised flow rate of 58.4mmscf/d of gas and 135bbls/d of condensate has been achieved through a 60/64ths inch choke. This rate was constrained by the surface well test equipment on board the WilPhoenix semi-submersible drilling rig and it is expected that the well will be able to produce at higher rates when in production.

A diving support vessel ("DSV") has been contracted to install the subsea control equipment required so the well can start producing in Q3 2021.

The successful recompletion of R3 will increase the Rhum production capacity utilising the existing facilities located on the Bruce platform and will, therefore, not lead to significant additional CO2 emissions. This is in line with Serica's stated objective of reducing the carbon intensity (i.e. CO2 per barrel of oil equivalent) of its production operations.

Mitch Flegg, Chief Executive of Serica Energy, commented:

"Operations on R3 have proved more challenging than expected but the skill and dedication of our operational team has enabled us to achieve this welcome result. The volumes flowed during the test are equivalent to over 10,000 boe/d which demonstrates the quality of the Rhum asset.

It was always expected that the flow test results would be constrained by the surface test equipment, but initial analysis of the data recovered indicates that the flow potential of the well is at the upper end of our range of expectations.

The third Rhum well will enable enhanced production rates from the field and will provide redundancy to support production from the other two Rhum wells."

The trading range has tightened further since the start of June, it’s consistently 116-118..!

Other NS activity:

During Ithaca’s Q1 results webcast yesterday, he said the company was “quite far down the line” with one possible acquisition, which could be agreed within the next two months.

He kept most of the details under wraps, but it’s clear that the transaction would not be a mega-deal.

Mr Crawford said it won’t involve a “big cash outflow”, but stressed that a small deal can sometimes create “more value than a big one”.

https://www.energyvoice.com/oilandgas/north-sea/327766/ithaca-acquisition-refinancing-ipo/

I don’t think we’d make any difference, the way the bot took the price down yesterday at close was something else, trades were at the same time or a second apart.. I had a limit buy order in that should of been triggered but didn’t with the speed of it. Until the BOD recognise this trading, which i seem to remember from a previous post that it had been brought to their attention & was all ok as far as they were concerned, then it will just continue. I’ve not seen any other share which virtually every trade is an ‘A’ trade, controlling the price & where it wants to take it, i’d love to know who is behind this...
In my opinion the BOD need to step up with share holder alignment, I listened to a recent A.A. of Kistos interview, what a difference in management style, shareholder alignment was a main focus, guess one big difference is how big a stake he holds in the company. I personally can not remember a Director Purchase RNS for TCW or MF, & with the recent LTIP where they’re going to receive over 500k’s in shares they don’t need to, but for us investors what a difference it might make seeing them put their hands in their pockets & buy some shares, show some confidence, appreciate of course at this time with Columbus/R3 they might not be able to, but something needs to come from them to get things moving...
Does anybody know the shareholding’s of TCW or MF? I know directors & associated holdings are circa 8million & just over 3 % of the register.

Cheers for your view Newkotb, my numbers weren’t to dissimilar to yours, way undervalued at present!

Investoroilgas

I have the same feeling regards buying below 10p!