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No problems itsyou, surely this means the basin is proven, 3d results imminent - should provide interesting reading and we should have a string of oil companies lining up to farm in. Question is do we auction the farm out!!!! Current market cap and share price is becoming laughable and the price Africa oil have paid now looking really cheap and we�re still trading at a discount to the buy price

I�m surprised no one commented on this new discovery from Hes Corp & Exxon, Farm in to ECO acreage has got to be a no brainer by the majors, no wonder Africa oil took a large stake. This may have been the increase in share price we saw this week, looking to take a bigger position next week: Hess Announces Sixth Oil Discovery Offshore Guyana, Further Increasing Resource Potential Ranger-1 well encounters approximately 230 feet of high-quality, oil-bearing reservoir Well is located approximately 60 miles northwest of the Liza Development Five previous world class discoveries on the Stabroek Block now estimated to have total recoverable resources of more than 3.2 billion barrels of oil equivalent Additional exploration drilling is planned on the Stabroek Block in 2018 January 05, 2018 09:05 AM Eastern Standard Time NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE:HES) today announced positive results from the Ranger-1 exploration well, which is the sixth significant oil discovery on the Stabroek Block, offshore Guyana, since 2015. The five previous world class discoveries on the block -- Liza, Payara, Snoek, Liza Deep and Turbot -- are now estimated to have total recoverable resources of more than 3.2 billion barrels of oil equivalent. Resources associated with the Ranger-1 discovery will be accretive to this estimate. ExxonMobil affiliate Esso Exploration and Production Guyana Ltd. began drilling the Ranger-1 well on Nov. 5, 2017 and encountered approximately 230 feet (70 meters) of high-quality, oil-bearing carbonate reservoir. The well was safely drilled to 21,161 feet (6,450 meters) depth in 8,973 feet (2,735 meters) of water. �The Ranger oil discovery demonstrates that the petroleum system is working in a new geologic play in the Guyana Basin more than 60 miles northwest of Liza, and reaffirms the extraordinary exploration potential of the Stabroek Block,� CEO John Hess said. �We believe the investment opportunity in Guyana offers industry-leading financial returns and will create significant value for our shareholders for many years to come.� Following completion of the Ranger-1 well, the Stena Carron drillship will move to the Pacora prospect, 4 miles from the Payara discovery. Additional exploration drilling is planned on the Stabroek Block for 2018, including potential appraisal drilling at the Ranger discovery. The Stabroek Block is 6.6 million acres (26,800 square kilometers). Esso Exploration and Production Guyana Limited is operator and holds a 45 percent interest in the Stabroek Block. Hess Guyana Exploration Ltd. holds a 30 percent interest and CNOOC Nexen Petroleum Guyana Limited holds a 25 percent interest.

Any one feel that this could be a possibility in the near future. Share price appreciation has stagnated of late trading within a few pennies or so. I�m sure SQZ BOD would have been approached by the big institutions. Raising money at say �1+ at say 20% premium to share price has got to be tempting to the board. It would also give some great ammunition to acquire further greater acquisitions generating significant revenue, say �100m raise, diluting share holders by less than 50% but increasing revenue and profit several fold. If we are still trading around this level by end of mid Feb it�s got to be a strong possibility and there�s plenty of willing parties to help with funding

As there are some issues that have arisen in Iran in recent days, in the mid to long run hopefully we shouldn't see any significant issues, I think this is the one thing that may put off potential investors? In an interview with IRNA, ‘Tony Craven Walker’ Chairman of Serica Energy said that his company “could contribute a lot to the Iranian objectives for increasing productions'. He added that if Rhum project goes well, then his company will be looking to expand trade relationship with Iran.  Citing lifting of sanctions after JCPOA, he said: 'The nuclear deal has removed all sanctions as they apply to Iran from Europe, so we are open and free to deal with Iran and we are delighted of this.' Asked about the status of Rhum field developments, Walker said: 'Recently we have announced the purchase of three fields from BP, one of which is the Rhum field in which IOC (Iran Oil Company) is a partner; but the objective for us to find ways of increasing production, reducing the cost and extending the life of these fields. We will be doing this in partnership with existing partners, including IOC.' The process now is to ensure that the existing partners are happy with our plans for operating which is going to take a little while, said Walker.  He said: 'There are several companies involved here and we are talking to all of them. But I am pretty sure they will all be very happy with our plan. So far all the responses I’ve had, had been they are happy, therefore we got to demonstrate that we can do the operations.' Adding that almost 120 technicians will be joining the project, Walker added: That’s a quite big transition itself, that will be taking few month, so the completion of the deal won’t happen until the middle of next year when we are ensured that all the people, and equipments are transferred across. In the meantime he said, 'We will be working with the existing partners which includes IOC, BP and OGA (the British government energy authority) to make sure that everything is very smoothly transferred.' Citing that Rhum field provides 5 percent of British gas supply, he said that Serica and IOC would like to extend the life of this field and increase the production rates. 'We are hoping to extend the life of the field to 5 years beyond its existing date which is around 2023 we can extend it to 2027 -28,' Walker said. Asked about the effect of the US sanctions on this project he said: Rhum field is a gas field in British territory just off the coast in Aberdeen. Serica and BP are both British companies; 'so we are not ourselves affected at all by US sanctions' directly.  “We are indirectly affected,” he said adding: 'We have to occasionally buy equipment from the US companies and the US sanctions restrict the sale of equipment for use in connection with Iranian project. Walker stressed that his company could get a licence from the US, and said that they

Better luck in 2018 to al, RMP holders, Surely this has to go higher with an increasing poo pice!!! Surely even Bandy can turn this around in an improving Oil environment ???

I can only see the oil price going up this week which should result in SQZ going up: 1. Oil rig count no increase - does this mean the shale guys playing ball 2. Trouble in Iran - politically and pipeline explosion 3. Harsh weather in US putting up gas prices 4. Venezuela continues to be a basket case Good article below from YChang on PMO board ttps://seekingalpha.com/article/4134130-sentiment-setup-will-oil-rally-play-2018 According to Thomson Reuters Energy, in October 2016, OPEC exported 25.51 million b/d (which hits global oil storage in January). In October 2017, OPEC exported 24.4 million b/d. That's a delta of -1.11 million b/d that will impact global oil storage in January 2018. In November 2016, OPEC exported 25.96 million b/d. In November 2017, OPEC exported 23.53 million b/d. That's a delta of -2.43 million b/d that will impact global oil storage in February 2018. (The difference between start of 2017 and start of 2018 - millions of barrels negative in terms of exports by OPEC) Q1 2018: Consensus is bearish heading into Q1 2018, anticipating big global storage builds only to see a draw. This sudden sentiment flip will prompt underweighted portfolio managers to buy up energy stocks in a hurry. Q2 2018: Consensus starts to worry over U.S. shale growth and the potential for OPEC not to extend the production cut agreement. But market participants who aren't focused on the power of incentives forget that Saudi's Aramco IPO will be slated for the second half of 2018, prompting incentives aligned to extend the cut. In addition, our analysis shows that this is not a real production cut, and producers like Iraq and Iran will still be eager to play along with the extension. Q3 2018: Global balances accelerate to the downside as years of low oil prices prompt yet stronger demand growth globally. Concerns over U.S. shale start to fade as non-OPEC supplies continue to disappoint to the downside. By then, the situation in Venezuela should also be worsening, and production declines will become more apparent. Q4 2018: Global balances continues to draw, prompting oil bears to reassess the theory of lower for longer. Non-OPEC declines will still be making it into the mainstream media, with a few stubborn old oil bears talking about how U.S. shale will push the markets back into oversupply. Consensus now realizes that with storage sub the five-year average, OPEC can choose to ramp up production if it so chooses. OPEC surprises again to the upside, maintaining that a balanced market can easily move back into oversupply if they are not careful. Markets take the cue that Saudi has no intention to bombard the market by ramping up production right away (our reason is because it can't ramp production). Iran and Iraq, historically the two worst offenders, continue to be in agreement with Saudi, leaving some questioning if they can actually increase production. Saudi sells a piece of Aramco in the open market with intention to slow

Contd It seems to me that, following the very sad death of his wife 2 or 3 years ago now, that Mr Craven Walker has pitched himself into his work for Serica, for which all shareholders should be grateful. I certainly am. He may have been alone as an executive director and chairman while all the progress was being made, but he has a capable team below him at operating level and the quality and strength of his non-executives is remarkable. One wonders how likely it would be that Jeffrey Harris (GRG Oil) who has now stepped down from the Board - he is a US national; ref; Rhum/Iran) would have £38m at present value invested in SQZ if he wasn't confident about its future. Similarly, the somewhat curious Mr & Mrs Hardy, said to be private investors who are supportive, own 10% - worth £22m at current prices. Harris and the Hardys could block anything they like between them - and they're clearly onside which (to me) adds protection.

From Eagle51 on iii I am long on SQZ, having steadily increased my position over the 12 months or so leading up to the BKR deal announcement. I retain a significant number of shares (in my terms) and am bullish about SQZ's future prospects. At the risk of making myself unpopular on here, in my view Investors' Chronicle article about SQZ's value is laughable (if one regards the subject of valuing shares as funny). IC is full of people who don't know their proverbial from their elbow. Alex Newman is another example of the same. He appears totally confused about how one should even start to value a company like SQZ, or probably any other listed or other company for that matter, based on what he has written in his pitiful article, in which he uses none of his own initiative and only information either publicly available or cribbed from others. All the information relating to the deal was set out either in the RNS announcing the deal, or the admission document that followed about 10 days later. Any serious investor will already have been familiar with all the information and views he put forward. That said, I suppose to the extent IC is taken seriously by anyone daft enough to do so, SQZ has at least been brought to the attention of a wider spread of people, even if the profile Newman gives is so far from complete it is close to misleading. You will deduce I am not a fan. Read what IC has to recommend then do the opposite, might be wise counsel generally imv. In making the recommendation he does, Mr Newman shows he is not equipped with either the skills or the experience to come up with a fair present value for SQZ. Where is reference made to Columbus, which could easily transform the company again next year (ie 2018)? Or the Rockall assets? Or the strong hint given by SQZ that it isn't finished with its acquisitions yet? One thing is for sure - SQZ won't be sitting watching $193m in its bank account. It will want that cash working to produce more. DCF modelling in order to get to NPV is the accepted way to value producing oil companies - exploration adds complications but they can be overcome by varying the assumptions. Using forecast numbers put up either by the company or its brokers and making various different assumptions (reflected in the discount rates applied) always gets the present value of SQZ shares to well over £1. Making some favourable assumptions gets it closer to £2. It doesn't need to be any more precise at this stage - SQZ's situation will continue to evolve. Watch this space. Net assets are a useful indicator of general health - cash being the most important of these in the case of a company like SQZ, with all its oil assets in the later part their producing lives. But you don't use net assets to value a company like SQZ. Nor do you use a P/E based approach where known earnings are in decline but you don't know what's going to be added and how profitable those assets will be. It seems to me that, foll

thanks Jim, odd that acquisitions complete and RNSd but still suspended

The IC article only mentions the BKR assets and free cash flow with no mention of Colombus, Rawallen, Namibia, Ireland and possible future acquisitions, so there is plenty of opportunity for significant share price growth. Add to that any mergers and acquisitions that may kick off in 2018 as the next commodity cycle gets started

I see Total have farmed into PVR Irish assets, bodes well for ECO and its Guyana option, the big oil companies have regained the appetite for farming into exploration plays as they need to replace their reserves to be ready for the next commodity cycle

I see that there is greater interest over in Ireland with PVR securing a possible multi well campaign and farm in via Total. Hopefully we can get the same with our Ireland portfolio

Another article and publication in mainstream press: https://www.sharesmagazine.co.uk/article/small-caps-poised-for-big-news-in-2018 Extract below SERICA’S MAJOR BREAKTHROUGH Assuming it completes as planned in the middle of 2018, Serica Energy’s (SQZ:AIM) £300m deal with oil major BP (BP.) for its Bruce, Keith and Rhum fields will make the company among the largest independent North Sea oil firms by output. Serica’s production is projected to increase seven-fold to 21,000 barrels of oil equivalent per day, 85% of which will be natural gas. The deal is structured so most of the cost is being met by future cash flow.

GBP cannot hold a spike in the S hare price at the moment, seismic will result in a spike but the share price will come down so best to trade it if you can. This will only see the share price go up if the planned 3rd party drilling results are a success, that will be the trigger to load up big time. Still time to accumulate ahead of 3rd party drilling. Those companies (ECO, CHAR, SQZ, TLW) are way ahead with 3d seismic data compared to GBP.

D220 - IC, POO, Ineous all contributing and the fact it’s still way under valued, surely more acquisitions in the pipeline or maybe a merger with another mid size or junior oil/ gas company that is rich in assets??

Brent now $67+, every $1 is worth $7.6m per year in revenue based on poo

Anyone know when this should re list? Current 20m market cap, approx 5,500 boe/ day, should be easy 100m + market cap? Will be interesting what it opens at

SQZ is mentioned in the “Sparkling investments for 2018” December issue of Investors Chronicle. All good publicity in mainstream press. Hopefully should see further tick up in next weeks light trading

Takeover or dividends

I’ll be surprised if we’re not above £1, question is how many will sell out at the £1 party or will the share price hold steady and carry on going up Lots more news flow on lots of different projects Maverick £1