focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Same as the deal with Chrysaor from Shell. They have more profitable fields globally and benchmarked against those, some of the north sea fields are just more expensive to produce from per barrel than say a field in Iraq or offshore Brazil.
Understandable why we see a sudden 9% drop in the SP, however, this does not reflect the potential of serica. As of Jan 1 we will no longer be dependent on Erskine only...the SP will still rise towards the end of this month and will close above 90p imho. At current prices Serica is still undervalued.
Fairly convinced we've seen the bulk selling. Natural for some pullback, however low 50s is the lowest it is going to get. Thereafter probably a steady rise until the shareholder meeting on Dec 18, and then Jan 1 is when we will see the real price action.
Sold out as well just now. I've become all to accustomed to AIM reacting badly to expected or positive news. Far too many day traders around pushing price down if the RNS is not exceptional. History in SQZ suggests this will drift down for a few weeks. I'll be back then. GLA
Agreed. But nothing NEW in the RNS hence the price rise was in anticipation of a deal. I don't think price will test 30 today or coming weeks. But I'm holding as you never know when the 'transformational' news will be released. Wouldn't be surprised if this drifted to 22 in the meantime
There has been a steady drop on no news. Anyone have any thoughts?
SP dropping since Friday? Any one knows why the continued fall besides just £ strength?
Hopefully! Although I can't even estimate when those blue skies would appear...maybe never, but hope is hope
''But Paul Mumford, a fund manager at Ithaca’s fourth largest shareholder Cavendish Asset Management, has strongly urged stakeholders to reject the offer.'' Sticking to Pauls' advice http://www.telegraph.co.uk/business/2017/02/06/delek-bid-buy-ithaca-energy-12bn-deal-sparks-shareholder-protest/
Was concerned about over estimation of initial flow rates, however I read this: The five Stella wells that have been drilled have achieved a combined maximum clean-up flow test rate in excess of 53,000 boepd (100%). This well capacity significantly de-risks the initial annualised production forecast for the Greater Stella Area hub of approximately 30,000 boepd (100%), 16,000 boepd net to Ithaca. Should be no shock production rates then at startup...
OLYMPIC OCTOPUS is now 1 mile away from FPF-1 OLYMPIC ORION en route to FPF-1 VOS PACE headed back to Aberdeen
No, there is nothing around GREATER STELLA FPF-1