Member Info for gotabesirius

Shell are operator and have a no comment policy whilst drilling. So Delt can't say anything either until Shell's say so. But you knew that already.....

Noel and Snoop are obviously the same as he's mixed up his references! Make sure you check which alias you are posting as first or you can make yourself look a bit of a berk!

I rarely post on LSE because of crack pots like you trying to manipulate the market.

From Snoopdog early this morning:

"If share price drops
More today we know what’s coming"

So what if it goes up?

Close your short and move on.....

Thanks for such an informative post.

I've seen some tank pre results and they end up hitting oil, I've seen some run much higher into rumours of a strike and they hit nothing. I've seen every eventuality with oil and gas drill and these kind of price movements pre results are pretty standard.

Placing money exiting here at a loss, that's the issue and it's probably the wft on the north sea that's caused the lack of interest.

Day ahead gas price holding up quite nicely! Wait for the next cold spell and this'll be 300p plus again!

"Thank you for your reply regarding Ormonde. The company is required to make an acquisition or acquisitions constituting a reverse takeover before early April 2023 and is well advanced in the process. The company is being advised on its disclosure obligations that go alongside pursuing a possible RTO and will publish information as soon as it is appropriate from a regulatory perspective to do so."

Had some very positive Comms with the company. I'd suggest others to do the same.....

I can't believe you lot are still chewing on without considering the tax implications. They are worth £400m in the first year alone.

So what would you suggest to grow the business?

Has no one told shareholders of north sea producers that unless they diversify and invest in another jurisdiction, that they'll never see significant cash gains unless they find a more tax efficient way to operate?

Risk with other jurisdictions that have lower tax thresholds is that they also jump on the bandwagon and hike tax. It would look great acquiring major producing assets in a lower tax environment, at s premium, only to see global pressure on oil companies result in tax rises.

Very uncertain times for oil companies and personally see any tax efficient acquisitions as good business. Likely that the tax credits will pay for majority of this deal within 18 months with circa 20m 2p and 30m 3c reserves left thereafter

Why would a deal/investment not be completed? Thomas Anderson is driving this now and he's in at a much higher average for 25%. Plus they have additional income of circa £1.5m to come in over the next three years. Cash of £4m, tax losses of £26m. This looks a very interesting shell to a cash generative business!

Listen to yesterday's call. Tax losses can be redeemed against group revenue. Tax experts I've spoken to think £540m is value of the tax credits to SQZ

Why would he buy it now? These companies are going to struggle to make any profit with current tax regime. Hence the move announced yesterday

The $2.5bn losses split between corporation tax (30%) and supplementary tax at 10% is worth circa £480m to Serica enlarged group. This cash will quickly reappear on balance sheet once acquisition is complete

Did you lot forget about the additional tax announcement when talking about kist offer?

Covid is weakening as a virus because as any virologist will tell you, most mutations lead to a weakening of the viruses impact on the body. And secondly the human body now recognises covid 19 so has a built in responce to protect the body. It's no longer a new virus.

You were invested but aren't now! But still you post? So you're looking for a low entry before this is back in double figures.... probably this week? You best hurry up!