Malcy's blog7 Feb 2023 12:15
A good ops update from Serica where the Tailwind deal is still in the process of completing but indications are that few obstacles are in the way. With SQZ confirming FY 2022 production of 26,182 boe/d and guidance for this year is now, with Tailwind contribution is 40-47 Boe/d and of course hoping that GE-04 might be doing 8/- boe/d by this month.
Overall I think that all is going well at Serica and assuming regulation stuff like the Bruce work is completed with a minimum of fuss then a bigger, better and more diverse Serica looks like a very solid investment. A certainty in the Bucket List and looking pretty cheap I think that management just need to be perfect operationally and get the story out to the market as soon as Tailwind deal completes.