Member Info for flexmw

Shaa

I appreciate your comments & contribution to this board, always a balanced view!
You say he’s in the last chance saloon, with investors almost certainly, but above him.. Micheal Evans Non Exec Chairman, I want to know what he thinks? He must know shareholders aren’t happy after the last two years votes at the agm regards re-electing the BOD.. but then he’s also brought shares in XCD prior to the takeover bid, so he must be satisfied or are they both (DW & ME) feathering their nest so to speak. I hope for a positive change of tact for all of us!

Shaa

In my opinion, we are experiencing disappointment now & has been continued disappointment, a forward plan will all be regards farm outs, unless we’re in for a surprise the farm out process of any prospect will take us into next year (IMO based on the length of time it took to get PMO) so what will we be doing this winter to enhance our acreage? Seismic? Funding for this...

All (or a good portion) recognise or realise we need income as a business to succeed, income to fund exploration, even the takeover that we’re experiencing. Do you not think an Oil guy coming in with experience would have this in mind, they’d go for the easiest option to get us up and running, yep Alpha prospect, 3 things immediately going for it - TAP’s, Franklin’s Buff pad & Daltons Highway next to it possibly on top of it, does our MD even consider or mention it? Not that I read or hear, doesn’t appear to be on the radar other than a prospect.

A good example of an Oil guy coming into a company that was pretty directionless & had experienced poor results was LGO, now CERP, Leo Koot came in, made immediate changes, set a 5yr target to be a £500 million pound company (3yrs in) & he’ll make sure it is (IMO), has anybody heard of a market cap target from DW within a timeframe? Another example of Koots knowledge/experience was on their recent drill, the drill ran into trouble, he’s openly said he made changes as the drill happened from his ability to interpret seismic data & his experience from drilling to complete the drill successfully & hit target as planned, would the last two drills we’ve been part of had the same disappointing outcomes if we’d had an Oil guy at the helm?

I hear what you’re saying about timing, but change is needed!

Upomega

Personally think we need to make a further acquisition, something similar the BKR deal with BP would be ideal, take on operations & implement production increases & cost savings inline with what we have come to expect as normal, which just shows how well run the company really is, this however will not of gone unnoticed by other larger players & we risk being a target ourselves, as NewKOTB has alluded to, there’s a reason why our latest appointment to the board has been made, Kate Coppinger (Ned) specialises in advising O&G co’s in Mergers & Aquisitions.

Unsure regards a tie up with Rockrose, nice to see for them that their share price is starting to make tracks back to where it was prior to CV19, but still somewhat off.

29.05.20. 16:59:47 118.40 GBX 43,328 51,300.35 Off-Book TNCP SINT
So we actually closed at 118.4p

Muckle

Let’s hope so, the share price has recovered from lows of around 61p so hopefully just taking a breather before the next move, we will see.

NewKOTB

I’ve seen plenty of 1 share trades here, all A trades, no RNS the next day, could always happen though.

Well well, first time I’ve seen a Director Share Purchase RNS!

Director / PDMR Shareholding

London, 18 May 2020 - Serica Energy plc (AIM: SQZ) announces that today Malcolm Webb, non-executive director, purchased 18,290 ordinary shares in the Company at a purchase price of 108.80p per share.

Following this transaction Mr Webb is interested in 62,971 ordinary shares in the capital of the Company, representing 0.0235% of the Company's current issued share capital.

Listened to the interview a couple of times, away from the current Charlie 1 & XCD stuff, anybody else pick up on the Yukon info at the very end? .. Aggregation (this term was used recently in another RNS) with Resource Owners for a 200 million or so barrel project, that once completed will be green lighted for a development farm out..

Hi NewKOTB,

Thanks for the explanation of your thoughts, I get the possible create liquidity otherwise if they ultimately wanted to increase their position I’d of thought they’d of just brought on the open market, so we will see.

What do you make of the continuous A trades? It’s been going on since the BKR deal to my knowledge.

You say Bots read the board... so do the Bod, which I personally found out not to long ago!

Hi NewKOTB,

What makes you think strategic & that the next TR1 will be back above 11%/higher? Just so I can understand it.
Thanks

Rabito,

I don’t doubt any of that, just relaying a reply I received. I didn’t get any answers to other questions regards XCD but to be expected under the current situation.

I emailed DW this morning regards PMO’s announcement,

Reply was:

PMO has no knowledge. Lab results not in yet...

Rabito.

Yes, just read that myself, certainly not doing 88e any favours before they report their analysis, also noted a hold on all their other exploration projects.

Glad to see Serica keeping us up to date with future plans, sorry for the poor link, it’s via v o x markets. co. uk

‘
The work will be carried out using the Awilco Drilling's WilPhoenix, a 3rd-Generation, Enhanced Pacesetter, harsh-environment, mid-water, semi-submersible drilling rig. It is expected that operations will commence in the 4th quarter of 2020 and last approximately 70 days.

Intervention drill for R3 contracted for Q4.

Serica Energy plc - Drilling Rig Contracted for Rhum-3 Intervention #SQZ ****************************/rns/announcement/7a3a7d6b-3ae5-4d0f-b7e8-6e50cd84bc4b #********** undefined

I can only see XCD shares are on the ASX - Australian stock exchange, XCD shareholders will gain 88e shares & benefit from the London & Aus exchanges, if I’m answering your question correctly.

I was thinking similar Chesh, just if there had been any additional info, would of been good to hear.

Relaxx / Moda

The Umiat Oil field struck Oil, flow tested, plans for 50,000 bopd, only 300m drill depth, & we target the field next door which is fair to say 88e’s position a few years ago only having 2D seismic. I can only hope theres more to the XCD takeover than meets the eye.

Away from this & something I often think of, MikeMike brings it up when he posts regards our own ALPHA field, & I think similar, next to TAPS, Icewine 1 drill site, do any of the long term holders from the first drill, ICW 1, remember if we encountered oil or had shows for Alpha at the time, whilst drilling through the edge of it down to the HRZ? If we did then it seems an obvious target we should bring into focus...

Anyone on here taking interest in current chat regards the takeover of XCD over on the HotCopper board?

Docmin24 is proposing, & talking with the TOP (Take Over Panel) this week regards possible action to halt the takeover of XCD if they deem it a ‘conflict of interests’ regards the existing BOD’s holding in XCD, the offer being made being such a premium to their existing MCap before the offer, & who’s benefiting from it. Docmin24 will be letting the HotCopper guys know the outcome of any conversations & the proposed way forward.

I for one appreciate his posts over on HC always a very honest approach, balanced views & wants the best for all shareholders.

TWalbyoff

Scroll back through the posts to the 23rd April, the day of the 2019 Full Year Results, you will find all the info you need, covered by some really good knowledgeable posters!