HE1 could have raised twice as much as they did, but chose to go with $10m. This shows great confidence, they know the results of the seismic campaign. Why raise additional funds at 10p, when you can raise any extra funds in a few months time at £1
yes certainly should be interesting NewKTOB, no leaks of bad news or good news, tight ship for once!! There is also an "analysts call" late morning, which us average PIs cant listen in to, i guess we would have some difficult questions for them to answer
as legache states, cant see why they wouldn't pay a dividend, in fact i would hope that they would increase it. Gas prices look strong for the next 12 months and we have increased production coming on stream. I would prefer a half yearly or quarterly dividend once production ramps up, that way at least that should bring some stability to the share price rather than these 20% peaks and troughs
Tailwind which has a share of Colombus has acquired Decipher as below, tick tock :
Tailwind Energy has announced the purchase of fellow UK North Sea-focused operator Decipher Energy, without disclosing the deal's price.
"This acquisition will allow Tailwind to continue to deploy its strategy of exploiting organic production and near-term reserves growth opportunities whilst building out the Tailwind portfolio," the company said in a brief statement on April 1, adding that the deal was subject to regulatory and government approvals.
Tailwind was founded in London in 2016 and produces hydrocarbons from the Conwy field in the East Irish Sea and the Triton area in the UK North Sea. It also has a 25% stake in Serica Energy-operated Columbus field, also in the North Sea, which is due on stream later this year.
Decipher was also set up in 2016 and acquired Iona Energy the following year. It has 100% interests in the producing Mansell and Orlando fields and the Senna discovery, all in the northern North Sea.
"Elsewhere, the Rhum R3 intervention project is progressing towards completion and, following operations to the reinstate production, is expected to make a significant contribution to overall field performance."
so, although late, it implies that its progressing as expected
Don’t disagree aimsurfer, as we get nearer 2022 I expect that to be the case, however between now and then there will be plenty of games afoot. The share price is always dead between June and early September. But, any acquisition will sort that out. The half year September update will be key on financial performance between Jan - June 2021.
Shareprofits have rated SQZ a strong buy - they will be telling their clients to “buy”, no doubt as a trade, probably to sell at 140p, expect it to get around those levels in the next month just on usual April update