Member Info for Maverick7

nothing to worry about or anything unusual according to Mitch

it wouldnt surprise me now that we wont hear about Rhum3 & Colombus until the interims now. Cant see Serica releasing any significant news whilst the spivs are out on their holidays in Saint Tropez. Happens every summer. Gives us a chance to accumulate some cheap shares in the interim.
Wake me up in mid September, atleast KIST has made a move over the last month or so.

Wow, keep decamping clueless. Your avatar says it all. Two massive drills next year, plenty of cash in the bank, hard to buy any quantity of shares in large volumes. This will be in double figures before Xmas

Quite a few people on here trying to get the price down, they missed the low 2s - lol

flex - yes i would say 140-144p range, cant see it dropping any further to 132p. From the update Sasa sent, rhum3 and columbus all look to be on track and we arent too far off the September update. 150p is ridiculous looking at the current gas prices.

and straight back down to 150p in no time, you got to laugh, anyway holding strong and no doubt games still being played. Will top up if there is any funny business

as i understand it, we have 2 major drills, but not until 2022 as below, i bought in yesterday - it was very difficult to buy, and had to split my trades into 3-4 tranches. Thought i would invest whilst its quiet

· Completed rigorous technical programme on Pensacola (Licence P2252) resulting in the post period announcement that the Deltic-Shell JV will drill a well on the prospect in May 2022

· Ongoing technical work on Selene (Licence P2437) delivering resource update including increase in GIIP and significantly enhanced geological chance of success. Exploration well expected in 2022

i meant new entrant for Cairn as its looking at "gas" rather than "oil".

yes he likes to ramp and talk the good game!! Lets see what the next few months bring

Just tweeted "Things will get very busy very soon"

I see that Cairn (CNE) are farming into some North Sea licenses this morning. They may have a billion quid to spend in the near future if the Indian government finally give them what they are owed.

From that RNS, it implies that there will only be an update once Rhum3 & Columbus are BOTH in production?

‘Columbus is part of Serica's ongoing capital investment programme which is aimed at boosting production in the second half of this year and beyond. I look forward to updating the market when we bring this Columbus well and the recently announced Rhum R3 well into production."

Broker notes and buy ratings mean nothing - the share price will look after itself during the Sapote drill - 40p minimum

These gas prices are unbelievable - if we are getting these prices in the summer, where will they go in the winter?

With respect to KIST, we are now too expensive for them, that boat has sailed, imho. However, there does appear to be something going on there, it’s rising daily and up nearly 33% in a few months.

Shame we can’t bring forward the Eigg drill. Don’t forget Skerryvore. I’m sure the board are looking at some mergers or farm ins to increase our prospective resources in the near future. There are a number of “minnows” that have some decent sized prospective resources just waiting to be drilled.

There’s a lot of money waiting on the sidelines either to top up or go in once derisked

NewKTOB
Yes i agree, that is the great unknown and thats why i believe we havent seen the share price go higher compared to the sky high gas prices. The market doesnt know how these high gas prices equate to revenue and EBIT in the financials. I agree that H2 should be way higher than H1 and 2022 should be another step change. i thought drilling of our last HPHT well was a p@ss take, but RHUM3 is on a different level. They better deliver or else - lol

once the next financial results are published we should see another step change in share price performance, seeing the impact of the current high gas prices in black and white will be a driver.....

Its finally happened, 100p per therm for the December UK Natural gas futures contract

same here NewKTOB, couldnt get any better than 152p and 153p today but topped up in 3 seperate trades

There is a mountain of cash waiting on the sidelines. A lot of the experienced investors/ traders will have derisked in the last few weeks and rightly so. A number of people will have made 200+% gains from 6-7p levels. If we have a helium discovery with pay zone(s) identified, no doubt the share will go up between 60-100% first off the bell. However, I would rather pay 40-50p on a confirmed discovery. The share price will always over or under shoot depending on the news. Still plenty of time to get in or top up.