Member Info for Mommur

Semantics guys, both are feeling the pain.

Not to sure how long the Triton has been running with a single compressor, but Serica must have been aware. Single Compressor tripped in May 24 and was out for three weeks, with gas seal fault taking out of action in October as we are all aware. They obviously couldn't expedite repairs during the 4 week workover this summer which was a pity, but it looks like we will be back running on a single compressor shortly - with 2nd repair in Q1/25.

Both Dana and Serica will be working towards an optimum fix - Dana won't be able to delay and prioritise other assets !

Parkmead is in discussions regarding a potential transaction that would involve a sale of its UK offshore assets

Wondered how they were going to finance the drill.

Serica Production for 2024 expected to be around 37,000 boepd - am I missing something or do they not even proof read ??????

Now your making me feel like a dinosaur NQM.

Spent many a day at the Triton FPSO, initial riser catenary installation, new production riser and umbilical including Riser Base Manifolds, mooring chain replacement, seachest works not withstanding working on the subsea infrastructure.

I was considering myself more a giant tortoise - although they are ancient!!

Its Friday and good to see Serica, Kistos and BP recovering.

Back to hibernating - Aberdeen is white, freezing and little old ladies are wrapped in electric blankets and heating their homes with Lakeland clothes driers.

I'm sure that Dana are working judiciously to repair the Compressor onboard the Triton FPSO as the operator. Classic deferred product whilst the price rises. I'm sure Waldorf would like to sell their 2% holding along with the rest of their UK assets.

Dividend paid, nice rise in sp due to gas prices, now all we need is the Langeled pipeline to mysteriously catastrophically fail similar to Nordsteam and Millibands dreams are shattered.

Perhaps Mr Modi, will encourage ONGC to farm in to Orinduik after his visit this last couple of days. Guyana preference is for India to apply for licences rather than cutting a deal for oil, due to Exxon complicatiuons.

Yes marked up straight away Newk as you would have expected. Few days to go before ex div - can it go basck to 99p please as I have a divi to invest!!

Good to hear from you Dick, and fully understand how tempting Serica is with regard to the dividend and potential share price uplift if it is reduced due to an acquisition.

I am in the fortunate position to receive a six figure annual dividend - and unfortunate due to the capital erosion that has taken place in the last 12-15 months. Now there's faith!!!

My last three dividends went in to Herald Investment Trust thats up 28% - no stress and no EPL.

Had my fingers burnt on Premier so have not considered HBR myself. Some news tomorrow and you never know - I just need Mercuria or even Mr & Mrs Hardy to show their hand. GL

With such an unloved industry and complete negativity from this government, I see little chance of dividend re investment taking place. I wait daily for an RNS that encourages new shareholders to take a position and encourage the ii's and lth to add to their holdings.

Serica has been dismal with drilling the drill bit, but M&A has delivered.

Time to earn their fat cat salaries now - all the cards are on the table re UK. Fire sale assets in UK or Norway production asset but get it done gentlemen.

We had best all hope that Hammerhead 4 is not a dry hole. Or a deal has been made.

Its now been 5 years since our all time high, where I sold half my holding. Added in the 8-9p range this last year, ever the optimist as it feels make or break time in 2025.

Sigh - best close the bottom drawer!

Being a long term holder here, its been a very trying time, not only watching but feeling capital wealth eroded. I was shrewd enough to offload 15% of my holding for 441p, but since then I have neither bought more or re invested the dividends in Serica. Neither have our Institutional Investors and pretty sluggish from our Exec's, barring our CFO.

Next week we will have had 54p paid in dividends and if we consider the payments stay the same and affordable for the next 2 years thats a further 46p.

Just perhaps our slow to move exec board are looking at UK distressed assets/ firesales that come with defined tax concessions - who knows but dividend payments seem to be the ongoing theme.

Sasa, it always puzzles me why CFO's don't advocate taking a holding in other companies shares. BP held 5% of Serica for quite a long period and rode the upward curve. I remember Parkmead holding 2% of Faroes Petroleum on the books.

Re oversea's diversification, lets look at ex Longboat/Seascape which has a very interesting prospect in the far east and opportunity knocked at 10p - happy that I bought but would have preferred Serica taking a 10% holding.

Energy Pathways is right up Millibands street re the Marram field and rather than them taking a £5m Green loan with a coupon rate of 12.5% , Serica could have financed and bought in at the princely sum of 1.5p - or even run the numbers on the £70m development costs.

Needless to say both these tiddlers are above these values now, and we are still tilting at giants.

Hmmm, Jurys out I am afraid, maybe to focused.

Herald Investment Trust up 17.7% since Aug 22, whereas Augmentum is still paralysed around 100p since Aug 22.

Hold both albeit five times as much in Herald - lets see where we go in the next few months with 3 years my limit.

Doubled my holding once the ex FPM management had left the helm - purely on the wish list for Serica to be running the slide rule over SEA. Happy to hold - still cannae see why UK O& G companies don't take a holding in prospective companies on their books.

Then again the Management of SEA wouldn't like a 10% holding on their books from anyone but an ii! BP had a 5% holding in Serica for a while and I remember Parkmead having 2% of Faroes Petroleum at one time.

Well done on a 2.6% holding - long may it last.

Think they are purely taking the moral high ground Dennis - insanity being the vogue of course. As 40% of the UK's gas supply is courtesy of Norway and 30% LNG, they only need to consider replacing the 30% we produce by other means. Electricity from France must be top of the list for Starmer a new green deal then we can get rid of our surplus gas generating power plants!!!!!!!!!

The Three-Day Week was one of several measures introduced in the United Kingdom in 1973–1974 by Edward Heath's Conservative government to conserve electricity, the generation of which was severely restricted owing to industrial action by coal miners and railway workers.

Now lets transpose Oil & Gas Production and Farmers into this mix and we have all the recipe with the exception of the Unions.

Getting back to Serica, the company has always been a slow mover - as a new entity with Mercuria in charge it seems the same. It makes me surmise that we are targeting distressed UK assets rather than any specific oversea's venture. Andrew Austin going through a painful period at present and we could always take the pain away from JOG with a very low bid.

Fed up with it all, painting garden fence is cathartic - will make it last until Mr McCawber socialist christmas and book a shelter with free soup!!

Providing they get permission to put a 1000 archimedes screws in Shetland and Orkney the tidal flow ranges from 2-5 knots. 100% tax deductable investment of course from Milliband.

Hmmm, reducing inflation for joe public in America, drill, drill, drill and $60 oil. Perhaps EPL will vanish a trifle sooner.

Lets hope now the news and results are out, Serica will be decisive. Watching with interest for an RNS.

Note that we have until Feb25 to make a decision on the Mansell Field or lose 8.3m of 2c contingency.

During this governments term, we will have both Columbus and Erskine coming up for decommissioning as we eat into the 2p reserves at the current boed extraction (3-4 years from Feb 25). Collectively around 3125boed which which we can hope Belinda, Kyle and Buchan will counteract grandly.

Added myself - half my intention - just in case 12:30 news is as painful as thought.

NY listing please.

Rumour mill has the Andrew Field being assessed for decomm - strange days when not so long ago it was very close to being sold.

Politics aside, the Oil & Gas Companies were sitting ducks for any government to raid the piggy bank. Their product is sold to the international market at the prevailing price - changing the tax regime did not effect UK inflation, ergo any Chancellor would rub his hands with glee.

Shortsighted and crippling to extend or even increase - about time we all put politicians in a collective box - the current crop have personal wealth of over £5m plus family trusts, etc, etc, same as the outgoing lot - besides Angela Rayner who wants a slice.