Member Info for HBLU

BurgggrabenH funds is a swiss investor run by Alexander Stahel. He is invested in SQZ and is bullish on gas and oil. Has called many right and owns a large number of shares in PTAL too. Great to have a strong high net worth investor on board

@BurggrabenH on twitter

SQZ will most likely have a negative EV by Q4 2022 as (a) production > 30kboepd; (b) milestone payments finish as per Dec 2021; (c) gas forward curve pricing today > 150/therm

From Saturday, 100% cashflows from BKR!

All. Stop responding to higher ratings thread. He is the same person as aiminghigher4 on twitter. Had multiple accounts on here (BCrader, SR123, NickelInvestor, MsPetra) and has deleted them all. Only a matter of time before he deletes this one too. He is an attention seeker. Just ignore him. Don’t give him the time of day and do not respond to his thread!

Serica will have its current market cap covered in cash this time next year

Even at 200p a therm, at a boe opex of £11, Serica will be clearing £100 a boe of operating cash flow. From 1st Jan at 30k boepd, that is £90m a month in operating cashflows. Capex will be minimal. Shareholder returns enormous! Compare to Thungela for example, they are in a risky jurisdiction with thefts in the railway line. They can’t ship their coal and so running out of stockpiling space and have had to mine all their high grade ore due to low sales volumes. Management have said they can’t access funds and so their cash pile has to stay within the company and won’t be distributed. Serica is the share to be invested in long term!

Ignore HigherRating. It is AimingHigher4 on twitter. Had multiple accounts here (BCrader, NickelInvestor, SR123 to name a few) before deleting them all. A weird character that likes to post all over boards. A lot have caught on and just ignore the guy now. How long before he deletes this account too

HigherRating - didn’t take you long I see. Same person as RealValueOnly, BCrader and SR123. Also, AimingHigher on twitter. Why do you keep coming up with new user profiles?

RVO - are you AimingHigher on twitter?

BCrader/SR123 at it again. They were trying to pump the hut group yesterday and have lost money in that. Same as in ARB

This has bottomed out. Bought some. Upwards we go!

What is going on here? Downward trend is relentless

NewKOTB - missed the walkthrough. What was the chat about?

LuckyLuciano - ignore BC and SR123. They are the same person and used to be NickelInvestor on here before it got banned by LSE. They operate the same way, use a doom and gloom thread header and expect people to reply using it and thus try and cause panic. Used to do the same on SQZ board. Will always use a new thread header, so never reply using it.

NewKOTB - I was referring more of an acquisition that SQZ will do rather than selling the company. With selling the company though, I am sure BP would have put a change of control clause in the sale documents for BKR

Gareth - we all make our own decisions. I don't know whether a t/o will happen in the short term but I do think they will exit at some point with a sale. for me, this is a hold onto 2022 as the catalyst of getting 100% of cashflows from 1st Jan 2022 is simply not priced in. I am expecting a dividend hike next year to atleast 6p based on that. From what I recall on the Erskine deal, BP wouldn't allow another asset sale until it was paid off and so SQZ did pay Erskine off early to get BKR done over the line. I think its the same with BKR and so if we are eyeing up another BP asset, I think this will happen in 2022. For me too many catalyst to sell now but each to their own.

Dividend no longer constrained by the loan agreement. Along with interest saving, going to be monster return to shareholders

Hi Nooper - are you sure about this. Where would the other side of the accounting go then when estimated the liability. Surely it will go into the P&L?

2021 numbers are net to Serica before the cash flow share. R3 may have done 10,000 boepd on test, but 50% of this is to the Iranians. That leaves 5,000 net to SQZ of which for this year we get 60% which is 3,000

2021 of 23,000 - 27,000 is what Serica gets before the profit share. Whatever is BKR from this, we only get 60% of this so in fact 2021 is more like 16,200 boepd taking mid case numbers.