Member Info for Maverick7

Brent $65+ Gas up 2.4% Will it keep rising in 2018, must admit I thought it would be around $60, but if it gets to around $70 and Gas goes with it how much will that be worth to SQZ share price Demand is strong for oil/ gas, Venezuela going down the pan, any other black swan events then who knows where we are going to end up 2017 looks like the starter before the main course is served in 2018

The Directors intend to build new opportunities by combining the operational skills of BP staff with the existing Serica management team. The Company will also continue to seek ways of broadening its asset base and resources through selected acquisitions where these can be identified to strengthen its portfolio and add to its capabilities over the full exploration to production cycle.

Serica is seeking to identify a farm-in partner to drill the Boyne oil prospect and take advantage of low drilling and development costs. In the event of a commercial discovery, a swift development could be implemented to achieve an early first oil date. Delivery of the P50 prospective resource estimate of 115 million barrels of oil would result in an attractive economic development at current oil prices.

Slyne Basin: Frontier Exploration Licence 1/06, Serica 100% - We should be getting an update here as below Serica has increased its equity from 50% to 100% following the withdrawal of DEA from the licence and has secured a two-year extension to further explore the potential first identified through the Bandon oil discovery drilled in 2009. Serica has commissioned a study to investigate the quality of oil that could be expected in the Boyne prospect and results are due in October.

Not forgetting that BP has one eye on Serica’s Namibian assets

Yes agk, except we have 4 producing fields don’t we

No point in having oil in the ground, need to turn it into cash when oil at these levels, who knows what oil price will be in 2019

Not having a go here at HUR, I’ve done great buying and selling that share over the last 12 months but here’s a comparison of markets caps: HUR - 607m, not going to be cash generative until 2019, nearly 2b shares in issue SQZ - 196m, cash generation now, 264m shares in issue Go figure that, SQZ grossly undervalued

WIth the existing cash and new cash coming in, I can’t see the BOD just sitting on cash. Surely they will utilise it on more acquisitions??

Magic, depends on quite a lot of things. The share price should be at least double where it’s now. However, we have other news to come aside from completing this acquisition which starts generating cash from January. There’s Colombus, Rawallen and if Namibia is green lighted then In my opinion we are talking £4+++ before drilling. The latter mainly driven by speculators. If we hit oil/ condensate/ gas at Rawallen then we are also talking £££, however if we hit oil in Namibia - sky’s the limit. Also don’t forget there will be a number of third party drilling in Namibia in 2018 which could drive the share price upwards if they are successful It’s scary thinking about all the possibilities, buy and just hold and sell when there’s too much risk on the table

Sparky - I also get the feeling something is going on?? Volume drying up but share price going up, most other shares also not doing as well

Bluke - the market has it wrong, it's a crazy valuation. The share price is at this level because those who now the true value are not prepared to sell at these crazy levels, and those who didn't buy pre acquisition don't won't to pay 60p when they could of got the shares at 27p. We have already tested crazy lows of sub 53p, how about testing post £1, see how many sells and business the brokers make at those levels. When does the Santa rally begin??

Monmur - how do you know the free float is coming down? If there was buying by institutions then fair enough but we haven’t seen any holding RNSs yet

The main indices are always the first to rise followed by mid caps and juniors, the main market will cool off shortly and the hot money will come to undervalued stocks like ECO Lot of speculators currently in Bitcoin but that does look like a bubble waiting to burst

Can believe were around 23.5p when Africa oil paid 29p for around 15%!!!

Goldman now changed their mind again

There should be a pipeline of new news in coming weeks and months to drive the share price higher, I wonder if there will be other acquisitions? All the longer term eras know about Colombus, Rawallen, Namibia but will the BOD surprise us

Great day over at SQZ, when this relists the same should happen here

Sounds like they are panicking about ROPEC striking a positive deal for oil: Goldman: Be careful about OPEC disappointment. In a research note, Goldman Sachs said that Russia�s hesitation over extending the OPEC cuts has injected a degree of uncertainty into the talks. And because prices are already relatively high, hedge funds have taken out bullish bets, and timespreads indicate bullishness in the market, the downside risk is quite high, Goldman argued. �With the rhetoric not matching the logic for the first time in years, we believe that the outcome of this meeting is much more uncertain than usual,� Goldman analyst Damien Courvalin wrote. �We believe that oil prices have overshot fundamentals and that price risks are skewed to the downside into Thursday�s meeting.�

There�s a lot of negative press in the market at the moment regarding oil from some heavy weight agencies like Goldman Sachs, they obviously missed the recent rally in oil and are panicking if ROPEC strike a deal that they will miss out even more, they are trying to lower prices : Sounds like they are panicking about ROPEC striking a positive deal for oil: Goldman: Be careful about OPEC disappointment. In a research note, Goldman Sachs said that Russia�s hesitation over extending the OPEC cuts has injected a degree of uncertainty into the talks. And because prices are already relatively high, hedge funds have taken out bullish bets, and timespreads indicate bullishness in the market, the downside risk is quite high, Goldman argued. �With the rhetoric not matching the logic for the first time in years, we believe that the outcome of this meeting is much more uncertain than usual,� Goldman analyst Damien Courvalin wrote. �We believe that oil prices have overshot fundamentals and that price risks are skewed to the downside into Thursday�s meeting.�