Member Info for Maverick7

Since the announcement of the merger/ acquisition as in understand it, Mercuria can’t take anymore dividends. So will SQZ start paying down the debt from the Jan-Mar profits. Or will they just use all the cash for further acquisitions.

https://twitter.com/burggrabenh/status/1618981795365810177?s=46&t=yhV_LHM4l855qKgxOTdpyw

NewKTOB
all the more reason for the likes of KIST to invest in overseas energy and sell it back at a premium to the UK

Zero value assigned to the assets producing 26k boe
Zero value to our new prospective owners Mercuria
Zero value to Mitch and his fellow cronies
Zero value to the combined group

I think its the PIs selling out because they see better value elsewhere
This is heading to cash value

Excitement. Sadly that is what moves AIM shares. News flow and sudden rags to riches. It was no surprise last year that the spud didn’t of Serenity caused some excitement and we got to 34p.
I3E will only move significantly with an exciting news flow.
The great dividend and steady progress with ever increasing production will only result in occasional spikes.
However, if oil gets to $120 then we could see 30p+

they used the cash generation to significantly reduce the debt and pay off the bonds, they have significant net cash and will return cash to shareholders if they cant find an appropriate acquisition
They also had some downtime in the dutch fields so that explains in part the reduced cash generation

until labour get in and nationalise the whole operation, we are 75% nationalised already

Idkmy - err, you do know that they were unexpectedly whacked with additional tax levies which no one could of foreseen

Buying opportunity may get even better?

Looks like they will be voting yes, they hold over 3%

https://twitter.com/burggrabenh/status/1615384178459025408?s=61&t=8rWJuVB6BWAkmyCRaRE99g

https://twitter.com/burggrabenh/status/1613665120043028485?s=61&t=XTZXT5jgFmD6VcG6SDqpHQ

Thanks TerryM1 for the process on H&L
How is that process auditable, seems a complete sham of a process, how do we know that they will act on that instruction

As i read it - see below, the drill hasn’t even reached target depth yet and they have hit gas at the “intermediate” stage, so does this mean the main reservoir is further down and more drilling to come

"We are very pleased to have encountered hydrocarbons in the Pensacola exploration well at this intermediate stage of well operations. We now look forward to working with the Operator on the well testing programme, and will update the market once that programme is completed."

What a bunch of tools

https://twitter.com/agentp22/status/1613118682032488452?s=46&t=5W7pLbRHerMs6-U58kEuVg

Courtesy of JackSP on the KIST board, interesting comment from Moram on their portfolio changes and pretty scathing of the SQZ management team

https://moram.eu/moram-4q22-portfolio-update/

They seem confident that this transaction will go ahead, what have they offered the major holders - it will be so disappointing if the likes of the Hardys have agreed to this shocking deal, it would appear that SQZ BOD have already discussed the finer points with the major holders

How convenient that North Eigg is a supposed duster - brought the share price down nicely

“ The General Meeting is expected to take place in January 2023.
It is expected that all the conditions to completion of the Transaction will be satisfied such that completion of the Transaction can occur in March 2023.”

“AA not going to grovel” -
of course he wont, but I can tell you that he will be scrutinising the details when the circular is publicised. I bet he can’t wait to comment on the proposed deal and confirm why it’s so bad for SQZ shareholders.
There will be no love lost between AA and Mitch. I bet Mitch & the so called SQZ board are having sleepless nights awaiting the inevitable response from KIST.
Heads will roll and it can’t come soon enough

NewK
But its plainly obvious that the SQZ board don’t want to pay substantial dividends because it does not benefit them - the majority have no significant skin in the game

I have a feeling that a KIST offer is incoming but nowhere near the last offer and it may involve KIST issuing more shares themselves. TTF prices have reduced significantly but the KIST share price has remained surprisingly resilient and trading in a tight range. Surely an incoming bid in the works.

The last RNS boosted the share price by 15-20%, don’t expect another “imminent” one that will do the same. I think a steady rise until year end results in April and expecting the oil price to be stronger in 2023. So a slow and steady rise to around 35-40p by Mid April