Member Info for Maverick7

if Helium is coming to the surface, is there a danger that the seal may not be fully intact,
alternatively if the recordings are at 10-15% at the surface the reservoir below must be massive

Perhaps reason for some recent weakness

https://www.energyvoice.com/oilandgas/north-sea/312565/weather-conditions-bring-evacuations-of-multiple-north-sea-platforms-and-dozens-of-cancelled-flights/

Don’t disagree aimsurfer, as we get nearer 2022 I expect that to be the case, however between now and then there will be plenty of games afoot. The share price is always dead between June and early September. But, any acquisition will sort that out. The half year September update will be key on financial performance between Jan - June 2021.

Shareprofits have rated SQZ a strong buy - they will be telling their clients to “buy”, no doubt as a trade, probably to sell at 140p, expect it to get around those levels in the next month just on usual April update

https://www.*************.com/views/54849/serica-energy-with-plenty-of-news-flow-to-come-a-strong-buy

Is anyone expecting a fund raising here, is that the reason the share price hasn’t pulled away yet, I have a few tranches between 7.25 and 8.00 so currently showing a small loss. Holding firm before I top up more at these low levels just in case there is a raise. Would be happy if they allow current share holders to participate.

Gas prices looking strong right up to Q1 2022, just in time for 100% BKR, Colombus, rhum3 and hopefully any other asset we may get
Good finish today

April update around the corner - just in a few weeks
Rhum3 news not to far away
Cash cow
Likely dividend - hopefully progressive

Market Makers have started their games - no justification for the drop today

Lol - so a near 25% increase in production is priced in - work out the increase in revenue and EBIT and you are even more wrong
New - I think we need to see the end game when rhum3 is a success - agree that’s the likely scenario ahead of full BKR transfer - as ever with these shares we will never see full value materialise - never saw it with IAE, FPM etc...
share price is ridiculous

New - in order for BP to deliver its deluded strategy, its going to have to offload much more than Andrew/ Shearwater assets and the same goes for SHELL. However, the price may be too high for the small-mid size companies. However, if they let them go via a BKR style deal, then its a win-win for both parties.
The other growth strategy is obviously through mergers or acquisition with the likes of JOG, i3e, DELT, PMG etc.. Some of whom have proven oil but lack of funds (thinking i3e here) to get the oil to surface

my personal view is that the share price is being held for an equity raise around these levels to buy a big asset - i don't think SQZ want to use up all their cash - just an opinion

Rhum3 on track - will add a large % production
Columbus on track
Gas prices looking strong
M&A all over the place
Exceptional CASH position and growing daily

Yet our share price hardly budges - I am more than convinced the share price is being held for some reason

“ A separate report in Merger Market said UK-listed Serica, which previously bought the Bruce, Keith and Rhum assets from BP, was "one of the frontrunners to acquire the assets", citing sources.”

https://www.upstreamonline.com/production/ithaca-energy-in-discussions-with-bp-over-acquisition-of-north-sea-interests-sources/2-1-981935

Why didn’t SQZ release a separate RNS for the Rhum3 update - pure madness putting a few lines within the Colombus update as it’s gets lost - pure mad PR
Anyway atleast it’s on track

The article doesn’t state Ithaca are front runners or do you know something the rest of us don’t

There was someone on this board last week saying there was an issue with rhum3 and we now know that was a load of b@llocks

https://www.energyvoice.com/oilandgas/north-sea/308092/bp-north-sea-bids/amp/?__twitter_impression=true

Different block and in neighbouring Suriname, but we all know it’s the Upper Cretaceous that contains the black gold

https://www.geoexpro.com/articles/2021/03/suriname-further-success-in-the-upper-cretaceous

the RNS stated "temporary", so what ever the definition of that is, either way wont be selling up until further news on 2nd acquisition

At the request of the Company trading on AIM for the under-mentioned securities has been temporarily suspended from 12/03/2021 7:30am, pending an announcement and publication of an admission document.

The link is on the KIST board, it’s a reference to stop future North Sea licensing rounds from 2040

How is a company supposed to grow and replace reserves without exploration and is the UK then supposed to be solely reliant on foreign hydrocarbons?
Ridiculous - they do know that natural depletion occurs

good find NewKTOB, so pretty stagnant share price for months means major corporate action coming? I can wait a bit longer