Member Info for Gazelleman

Surprised by the Raise, but as others say may be required for next steps but as always SP drops to or below the strike price which probably means not worth signing up for. Could drop into upper 60s as a consequence of admission.

Hey Bonker - good to see you still on the boards. Re LNG - one of the companies making big money now on LNG is Woodside Energy (Aus) - uo 20% this week. Moved from LSE to AUS exchange a couple of years ago. Who else does LNG ?

I'm fairly new here (bought in october 25) after they took on Hurricane from Prax sale. (added production WOS). I've been listening into the investor meet calls, and at the last one they made a big show of getting into FTSE 100 and this set of results coming up. So, I'm interested to see where this goes. I'm being positive on this so might say go in before. I am thinking about it too.

Interesting to see the rise today but I was wondering why as SEA is not producing at this time. Was wondering whether this global development may have impacted ENQ more but perhaps debt is holding their price back. Appreciate still v few shares in issue here. I'm adding most probably. (was getting a little frustrated recently as someone else on here had said a few weeks ago at mid 70s).

I looked in this morning expecting the ex-div drop as you say. I sold my BP last night in my trade account to avoid the tax on the dividend, and I now might be locked out for a while! Not usual at all.

Finally some transparency on Lancaster. So production appears to be steady at 6000 boepd until Q2 when the FPSO leaves the project to presumably head south to sea lion? I got some SQZ last October and doing well out of them in a brief 3 months!

Hope next year is a good one for SEA. Seemed to move this morning to 70s which is interesting. I tried to put an order in earlier this morning at around 09:30 but the MMS wouldn’t give me a price. It was a half hearted attempt to buy some more, but I have enough for now. I’m really looking forward to new news in 2026. Good luck all and have a good Christmas!!

That's very useful intelligence. Is this on Gov.Uk website? or is it your own research..Thanks

@bilbo James Watt FRS was actually a Scot. Born in Greenock, and where the Heriot-Watt University takes part of his name from..

7am RNS over at SQZ which references near term addition of Lancaster to their production output numbers. I’m keeping an eye on their detail in future months.

Not clear what's been going on today but at 10:45 ish there was a lot of trading, or swapping of shares with late reporting. All looked a bit strange. Perhaps a transfer of ownership? 68.6p looked like the bottom..

This appears to be the first big pull back in a while. I liked the 80s and we moved there quick.

I didn’t expect it and I sincerely hope it was not related to Mondays presentation. Seems odd to me as the rise has been consistent.

Just got this formally via corporate actions on ii:

Update on status of Prax Exploration Deferred Consideration Units

Prax Exploration & Production Plc has entered into administration as of 3rd October 2025. Consequently, at present it is not clear whether holders of Prax Exploration Deferred Consideration Units (DCUs) will receive any payments in the future or not.

When more information is available, we will communicate this to you.

I wrote a message to ii earlier this week and have only now received a reply:

“The payment for September we are expecting but we have not yet had confirmed details. We await confirmation, and when we do we will send communication to all our clients”. Seems positive to me. See what transpires next week then.

Hey Dive centre - couldn’t have put it better myself. I sent a message to ii message centre today but no response so far.

Your narrative reflects my thoughts.

I get the gut feel that SQZ have swooped in and the deal was done meaning we DCU holders are wiped out.

Nope. Just checked and last payment was made on 31 March 2025 and 30 Sept 2024. Doesn’t look forthcoming g to me now we are past 30 September. I am with ii.

Nothing from ii yet

Not been able to watch presentation as I’m on holiday but did occur to me that SQZ probs sniffed around at the original For Sale time.

Would be very convenient to snap up the sale of the century as you say.

Makes it very interesting for North Sea ventures going forward.

This final chapter looks bad, deffo wish I’d never heard of Prax like so many others. What a stitch up.

What a journey it was. My memory fades with the detail but how the Directors trashed this company and stood up at that final meeting telling shareholders it was the only option as the future of the well was in question. I’m unclear if we are getting any DCU payment next week. It’s never communicated very well via the brokers. I’m with ii.

Hey Bilbo, did you get a ticket for the open day?

Well said. I just checked Barclays and 4 strong buy, 2 buy, 6 neutral, with 1 sell and the consensus has moved to a Buy from Neutral in last 1 month.