Member Info for Maverick7

The only conspiracy theory i see is North Eigg. Why suspend it and not carry on drilling and finish it. Share price goes down some 15% following the drill, then they come out with this nonsense convenient deal involving Mercuria at 274p.
Do you think if North Eigg was a success that Mercuria would buy in at a share price nearby 40-50% higher? Mercuria take a stake at 274p, they the redrill North Eigg via a “sidetrack” and it becomes a gusher. Mercuria make a killing on their 25% stake and take it private before Labour come in

https://twitter.com/burggrabenh/status/1608165416177745922?s=46&t=bsBIE7qKCf6UY8Vc6Ptt0A

https://twitter.com/burggrabenh/status/1608165416177745922?s=46&t=bsBIE7qKCf6UY8Vc6Ptt0A

There must be a lot of Private investors in SQZ. Is this a ploy by the SQZ board to get the PIs to sell their shares so that they move into Institutuions hands and Mercuria. Surely they would of pre-empted this type of "outrage" from shareholders.
Maybe this is me being a bit paranoid, but clearly everyone can see this strategy is nuts.
I was half expecting KISTOS to put out a cheaky comms to say - you should of taken the deal that was on offer!!

I thought the standard of the answers by Mitch Fleg was poor and the guy answering the questions about the tax losses was even worse - he hadn’t a scooby-doo. Doesn’t really inspire any confidence. When Mitch was prompted to explain the issue of new shares at 278p well under NAV, he couldn’t answer the question, just stated that Mercuria wanted in. If Mercuria were so desperate to partner SQZ i am sure Mitch and his cronies could of negotiated a better price for dilution.
I also thought the analysts were poor, there are better questions on this board and we would not have given them an easy ride
The only positives i see are:
1. Diversification into oil, we are too gas linked
2. Talk of further acquisitions, but will we over pay again?
3. Mercuria have taken a position at 278p, surely they want to see share price appreciation from this level, so hopefully that could be a floor to the share price?

I don’t trust Mercuria, come on AA, please sir can we have some more - (that is another bid)

https://www.upstreamonline.com/finance/orange-basin-acquisition-finalised-farm-out-deal-close/2-1-1377481

Lol, you base your investment strategy on posts on a bulletin board, try doing some proper research, you say “ I liked this as a gas play with no debt, now it has oil and debt I am not sure why you would invest in this rather than Harbour tbh. I actually took some Tullow instead“

You do know that HBR & TLW are full of debt and oil - some people don’t half talk some sh@t

Just re-reading the North Eigg RNS and my interpretation is:

Thank you very much Sunak et al, we will take your 90% cost and when the WTF is reviewed in future we will re-enter this well and declare it as commercial - we ain’t paying 75% tax to you thank you very much

“ A full suite of wireline logging data has been acquired and our analysis is ongoing. We aim to determine if a future sidetrack location can be designed to better evaluate the volumes of hydrocarbon in this new discovery. It is our intention that the well will be suspended pending the results of this further work prior to future potential re-entry and sidetrack.”

https://news.sky.com/story/sunak-scraps-truss-plan-for-state-to-buy-energy-from-foreign-producers-12769857

So if they are abandoning external energy purchase how are they going to get domestic gas companies to produce more with 75% tax and HBR already sticking up two fingers

Tweet by Serica today - what are they trying to communicate

https://twitter.com/nstauthority/status/1603680616779743232?s=46&t=3dwybXokhdNTYIavF7RrrQ

What makes you think KIST will be back to make another offer, or are you hoping that they will? I think KIST have moved on, I certainly don’t think they will make a better offer - that’s come and gone and most of the shareholders gave it two fingers.

Why would anyone want to farm into Irish assets, nothing ever happens there - the Irish government are anti hydrocarbons - AA will stay well clear of Ireland

Yeh, markets pricing this at lack of management activity and balls, they also don’t want to pay the shareholders any special dividend because they have no skin in the game. Why on earth did they recommend to shareholders to not sell out to KIST - probably because they would of been made redundant by AA

the share price went up in the event of a North Eigg duster. Currently feels like there is a mountain of cash waiting on the sidelines. Any bad news will just be temporary and investors will pile in.
Volume picking up and some hefty trades today

I am surprised that there has been no leaks of positive (or negative) success with the North Eigg drill. Its must be getting very close to the business end of the drill. Its not like Serica to keep a tight ship.
I believe someone posted that there would be a corporate update in early December so possibly we get an update then.

Under “normal” circumstances, i think AA would of been back to make another offer for SQZ, but i think the UK government has killed the second coming there.
Will be interesting to see what AA does, he’s the major shareholder but has the UK government killed his appetite in Oil & Gas, so does he have another type of asset in mind but still within the energy sector

I wouldn’t trust Keith Hill anymore than i trust Gill, both talk out of their backside tbf, anyway best time to buy now, imho

Has been significantly reduced from @12,3k to £3k over the next 2 years. That’s not good for trading outside an ISA so I can’t see the like of Hargreaves’s being to happy with that. Will be interesting to see what they say

“ Ithaca ..... come and get us !!!”

At the rate their share price is falling since IPO, we will be taking them over

to early to decide whether to start adding yet, lets see which side the momentum takes us to - up or down