Member Info for gotabesirius

They own 5% of Sqz...

My apologies. Information overload. This deal is staggering...

No it isn't.....

And remember....BP is a major shareholder in Serica....if we are to get an acquisition imho it'll be via BP

Rowallan is a free carry so not exactly cost prohibitive. Its like a free go on a 50/50 casino wheel with jackpot at �100s of millions. That's where I see a big move in the price mid next year as this drill will attract a lot of attention...

Is, do we really need to buy an additional asset/share in another asset? Don't we have enough on our plate over the next year? By mid 2018 we should have around $60 million cash, a route to market and timescales for Columbus, Rowallan drill which has potential to be game changer, Namibian assets which are looking more valuable by the day with majors in the area. Also mention of an additional well at Erskine to increase flow and reserves....?? Not end of the world if there's no acquisition imho

No issues with Lomand.....

Stacking up shares today. Could sell a large lump today which suggests buy orders aplenty! Wouldn't be surprised to see a few scaremongering stories to get in that little bit cheaper. Any issues and the company would have to issue RNS.....

Stacking up shares today. Could see a large lump today which suggests buy orders aplenty! Wouldn't be surprised to see a few scaremongering stories to get in that little bit cheaper. Any issues and the company would have to issue RNS.....

Yes sorry mate $100k -$150k per day cash build

-Oil and gas price will continue to strengthen on strong demand and declining surplus globally. -large portfolio of assets which will appreciate with oil price. Note activity in Namibia by majors... -$160M of profit ring-fenced from the UK tax man. -Last payment to BP early in 2018 then zero debt/cash liabilities. -Production should remain strong from Erskine with constant pigging and line cleaning with less down time. Current production with be adding $100-$150m to the cash pile each day! -Columbus development should be main news item before year end as most economical route to market is confirmed and countdown to production begins in 2 ish years. -Rowallan drill in mid 2018 is likely to see the aim oil chasers arrive on mass. Potential to deliver transformational reserves and future production of up to 8,000 boepd net to Sqz. This is a free carry with no cost allocated to the company. -Potential for asset purchase in North Sea to take advantage of tax credits, time will be taken to find the right deal which fits with previous asset purchases. -Potential to increase stake in current assets -Broad spectrum of underdeveloped North Sea blocks which could see some future prospective drilling activities /farm in partnerships as North Sea become very attractive operating platform in improving energy market. - Anything I've missed? Oh yes and current cash position covers half current market cap...

The company will be sat with over $40 million by year end, or is that not enough for you guys? Remember the deal for Erskine with BP, I'd expect a deal of similar structure, scale is open to discussion....

Anyone have any ideas?

Someone is mopping up here. Take note!

Exactly, if people don't like the way the company is run they need to sell up and buy some hyped rubbish which dilutes the life out of any shareholder value. Anyone with any experience in AIM will know that companies that have a big PR operation and hype are simply trying to raise money and are an avoid for me.....

Yet again we see the complete idiots turn up who obviously know nothing about the company and future plans. Today's RNS highlights cash has increased to $32.2 million as of yesterday, that Columbus had the potential to be brought online ONE year earlier than previously stated and that Rowallan will be drilled Q3 2018 as illustrated in the last company presentation. Accumulating at these current levels will be vert lucrative over the next few months imho. Ignore the BS and derampers looking for a cheap entry....

Look at the historical chart. This company was valued at £10s millions on Cambay. Looked like it wouldn't be commercial but today's news changes everything

4.4 TCF or if you like the more telling figure..... 700 million barrels of oil equivalent. This is a huge resource on the doorstep of major infrastructure in India who are crying out for energy being the fastest growing economy in the world

Near term target

Research, speaking to the company and listening to recent interviews. These all point to very strong results. Plus ask yourself. If the results aren't as good as expected why would there be a major JV on Cambay waiting in the wings....?