Member Info for Mommur

I'm sure some LTH did similar to myself and added substantially in the 8-9p range, so we are all "in the money" with regard to todays sp.

Bit of a rollercoaster and a long way to go to get back to our Sept 2019 sp - it happened fast so you never know when you get on "the big one" . Happy to await news in 2025.

We dream of Devon temperatures up here in Aberdeenshire!!! Glad to see some heat in JOG for you Dick.

Have a holding here, initially as I think Serica interest is still in the background, but also feel this is a well run little company.

Need to get that cash pile working mind, or they will get another Mercuria looking at them.

Steady away.

No worries NMK, we seem to have kept the momentum today, long may it last.

Bit of a typo in my missive the Bruce Export Ball Valve was 26te not 126te!! BP ownership at the time.

You've took me down memory lane with regard to Triton FPSO, when it was operated by Amerada Hess with production commencing in 2000. Talking of single point failures the production export flexible catenary line had to be replaced in 2003 - not what the client wanted. Will have to start looking forward - seems I was involved in an awful lot of repairs/replacements and am now an oldie!!!!!!!

Bit harsh NQM.

Single point failures are a common trait and are well assessed with plans in place. Ergo 2nd Compressor repair.

Looking at our assets, I have been involved in a few failures over the years

2002 Erskine Pipeline failure spewing gas condensate into NS and field shut in for months

2009 Bruce Pipeline to Frigg shut in for 3 months - internal blockage requiring removal of 126Te Ball Valve from Manifold subsea

In our recent Serica history we have had the old prod water caisson failure and running on a single channel on one of the Rhum wells for over a year - new umbilical ordered etc, etc.

Even poor old BP had a tanker anchor itself to the CATs pipeline which shut in said pipeline for a month or two.

Yes agree Triton is an old maiden, but totally manageable - apart from that 20p doughty washer on the compressor (joke)

Good news coming, lets not beat them up to much

"I'm in for the yield anyway..."

Been my mantra for a while now Dick, although my love affair with Serica has somewhat paled. Dividend reinvestment for me has been in Herald and Scottish Mortgage which are doing very nicely

Ducks are beginning to line up here and production now reestablished, like yourself happy to hold and take my dividends . Now wheres the news on a drill rig, followed by further M & A. Good luck all

Another 9 million barrels of stranded assets, now Total are decommissioning Gryphon. After |Trumps remarks after Apache saying they are leaving the N Sea, I'm enjoying the constant digs at Milliband - long may it last until some sanity finally arrives.

BP recovering well sp wise at the moment - so perhaps they will join Shell looking for a New York listing.

Pigs at the trough, can only feed whilst the other animals work - where's the farmer - now thats another aspect!!

Wonder when this will disappear ?? Or at least cost them on this short.

......"have a good Christmas all and hoping 2025 will be a good deal more productive overall than this outgoing one"......

echo, echo that all. I'm also in the camp of the dividend being maintained.Whilst not adding to my holding in the last few years, I have not reduced, despite the capital paper loss - not my best decision but hindsight is a great thing. Like Mercuria and Mr & Mrs Hardy, I have received around 60p in dividends so far, which with our capital losses could maintain 23p dividends for the next 2 years. My theory being thats over 100p returned to shareholders plus whatever the sp is in a couple of years. If we are in the basement - so much the better. GLA and its a when not if, Serica adds to its assets - distressed UK with tax losses seems to be the route rather than overpriced oversea's.

Biggest distractor this year - you guessed it - Serica Energy. As an II, Henderson must be delighted with this governments ideology.

Similar to Mercuria's holding in Serica - Mr Cross had a pretty hefty holding around 25%, so would have been a tall order to purchase the whole company.

Mr Cross still gets to maintain his salary and green credentials!!! Definitely a great british energy candidate for Milliband.

Shame!!

We now know how Parkmead are financing Skerryvore - their not!!

Its not an oversea's bolt on, but progress nonetheless. Next deal Andrew Austin???

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