Member Info for flexmw

Also, just found this, I’m sure I’ve not read this one before either, Rhum work over well planned for September start.

https://www.energyvoice.com/oilandgas/north-sea/225408/serica-books-awilco-rig-for-rhum-well-jobsqz/

Just came across this quick read regards what was the planned shut down of the forties pipeline for this year.

https://www.energyvoice.com/oilandgas/north-sea/233383/forties-pipeline-shutdown-postponed-until-next-year/

E_AL

Why not go direct and ask DW what exactly ‘fund new venture opportunities’ relates too? Whether it relates to an existing target (Yukon etc).

I didn’t realise Serica Energy had their own YouTube channel, perhaps they may surprise me yet with their PR.. Twitter next maybe...

https://youtu.be/r_aqfDqaKFY

Actually appreciate all who contribute to this board, by far the best for information shared!

Happy Birthday Sasa,
Really appreciate you sharing your views & the knowledge you have gained!

Hi Sasa,

Much appreciated, good to see moves in both yesterday, interestingly it seems share price wise we have fared the better of the two, maybe to do with being ~80% gas, we need to move circa 45/50% to get back to around all time highs, where as RRE need to move circa 130/135% to get to somewhere around theirs, but their management style being different to ours has them talking about targeting a £50 share price overtime, it will be interesting to see how this plays out, I also look forward to upcoming 2019 results.

Cityilidie

Earlier RNS re AGM

A live webcast will be streamed using the 'Lumi' mobile application. Members are urged to read instructions, which can be accessed at the link below, and download the Lumi application well in advance of the meeting.

Members will be able to observe the meeting and have a reasonable opportunity to submit questions in relation to the business of the meeting in real time using the Lumi application.

Hope that helps.

Sasa,

Seeing as you’re in both, do you like one more over the other, or fairly equal so to speak?
I read a lot RRE are worth around £21 per share on cash alone & have had their share price higher than this, so it will be interesting to see the latest figures for SQZ to see what true values we have.

js88

I asked DW the same question a few weeks back, in short, all depends on the results from the logging, but maybe possible to test two of the stellar zones simultaneously, so let’s see!

Second that Rabito! otherwise you'd be copy & pasting straight over on to the HotCopper 88e Chat Board!!

I'll tell you Pro, as I asked you similar previously when you were pushing the HRZ & share price worth, DW said at the presentation it would take up to 6 months for the results back on the side wall cores from the test facility in Houston.

Year end results were on 17th April last year.
As much as I’m fully behind SQZ I would definitely like to see a couple of changes to their management style, no way in the form of how they run the company, but more in the way of promoting the company, news is fairly sparse between major updates, there has been a couple of times we’ve found out information of contracts awarded etc via Energy Voice & no RNS, Serica doesn’t even have a Twitter account which now seems the norm, I appreciate the board is of an age that may not see the need. The other is Director buys in the open market, in the several years I’ve been a holder I cannot remember a time when I’ve seen a notification on this, with the share price where it is & has been, wouldn’t it be good to get some confidence from the directors announcing purchases, I appreciate that may not be possible with the upcoming results, but speaking generally. Regards the dividend, I’m looking forward to this milestone event for the company & hope it doesn’t get pulled due to the current economic climate.

I3e RNS out this morning, will this be the first of many acquisitions in the sector...

i3 is purchasing Toscana at a fraction of going market-based valuations for WCSB oil and gas transactions; the total aggregate consideration being paid by i3 for TEIC's debt and equity totals approximately C$3.95 million (US$2.82mm) representing roughly 0.72x Toscana's 2019 field netback, C$3710/boepd (US$2650/boepd), and C$0.85/boe (US$0.61/boe)

I asked the question a few weeks back to DW regards how the targets of interest would be decided upon to be flow tested, would the stellar targets be grouped as one, or individually, possibly allowing testing another zone of interest (ie indigo/Charlie) the brief reply implied two of the Stellar targets maybe able to be tested at the same time depending on the results from logging, i for one would be definitely happy for this to happen with a better chance of a higher flow rate & a testing of another possible target, but saying that, guess PMO would possibly insist on the testing of the remaining Stellar target if it was the case.

Spinefx.... Me too

Out of interest Proselenes, you talk of the HRZ as possibly coming up trumps, how long before you expect the results on this? Just so we’re all clear.

Am I right in saying a final dividend of 25p will be paid & ex-dividend date to be notified in final results?

Interested to hear your thoughts on an obvious possible tie up with Jade, the Eric Opstid connection, adjacent leases etc also wonder what Exon's possible involvement would be apart from assigning the leases over to Jade. The reason I ask is, Dave Wall has said, and in the presentations also, that depending on a successful farm out of Yukon Gold, possible drilling in the winter 20/21 season, Jades submitted plans talk of a drill on Sourdough in the 21/22 winter season & the work involved in getting to that stage through 20/21, does this then suggest a much bigger player is sought to finance the Yukon project?

Full year results out, a couple of smaller mentions of Alaska with the following.

Alaska
2019 saw a new country entry for Premier, with the Group farming in for a 60 per cent interest in the conventional Area A Icewine project in the Alaska North Slope. Area A contains the Malguk-1 discovery drilled by BP in 1991. This well discovered but never tested 251 feet of light oil pay in turbidite sands in the Torok formation, within the emerging Brookian play where a number of developments are currently underway. Premier estimates an accumulation of more than 1 billion barrels (gross) of oil-in-place. The Charlie-1 (Malguk-1 appraisal) well spudded post period-end on 2 March and is currently drilling ahead. Premier plans to flow test the well with the results expected in April. On successful completion of the work programme, Premier will have the option to assume operatorship and to opt-in to Icewine Area B or C.