Member Info for Mommur

As Newk rightly states, a lot has happened since the lightening bolt we woke up to in Dec 22, re Tailwind offer, which I considered a reverse takeover.

I have been a shareholder since 2008 and was more than happy with Anthony Craven Walker heading up the company, having been successful with Monument Oil. Wasn't to enamoured with Mr Flegg who was a Johnny come lately and didn't deserve his free shares re the BKR offer, nor did he light any fires during his term in office. I fully understand ACW selling out of a successful company he developed as retirement beckoned.

With regard to our new execs, they have a wealth of experience but its a bit out with the old, in with the new - time will tell.

Would be happy with a bid for i3 energy of course!!!!!

Tony, Full transcript within Sertica circulars

Pursuant to the Relationship Agreement, Mercuria will agree not to dispose of any Consideration Shares

for a period of six months following Completion (subject to certain customary exceptions). As such, as

at the date of Admission 96,618,142 Consideration Shares (being approximately 25.2 per cent of the

Enlarged Issued Share Capital) will be subject to these restrictions. Following expiry of the lock-up

restrictions, Mercuria will agree that disposals during the 12 months thereafter will be subject to orderly

marketing restrictions (subject to certain customary exceptions). In addition, Mercuria has agreed not to

acquire any additional shares in Serica or announce any takeover offer or potential takeover offer for

Serica (subject, in both cases, to certain customary carve-outs) for a period of 18 months following

Completion.

No worries FangKat, knew exactly your meaning. I added a fair amount in the 8/9p area, thinking it may well be a good fit for Serica. Still hoping, as if it goes through I will be lucky to break even.

Tony, Sasa43 has provided you with an excellent summation of where Serica is at present. I have a sizeable holding myself in i3 Energy and on the day of the offer posted here, why are Serica not putting a rival bid in play.

Needless to say, I voted no to the offer so that makes me a grumpy person!!

Norway seems to be the favoured location, but no doubt all sellers will be looking for top dollar from Serica, knowing the circumstances.

Besides going nowhere until Octobers decisions and the rational for oversea's assets, we have Mercuria come Sept and whats happening with its 25% holding - maintaining the status quo would be preferable - and we always have the threat of a Mercuria buyout

Unfortunately Nozzleblast some of us LTH have griited their teeth and kept a fair proportion. Admittedly I loaded up in the 4/5p range and sold a fair few at 443p, so have had my initial investment returned many times over.

I wonder at times on our second largest investor (Mr& Mrs Hardy) who with over 29 million shares have accepted an eye watering capital loss - I make my own decisions, but surely their Wealth Advisor discussed diversification with them - no re investment of dividends from them, so methinks like myself they were swayed by the dividend and diversified that way. It doesn't make up for the capital loss!!

Perhaps Mr Latin can reach into his wallet and buy a few more shares instead of waiting for freebies - as I am feeling the pain with i3e going cheap, I await September Mercuria !

" I'll keep the GTE share and going to look for new strategies for the i3e cash, away from the usual aim fodder."

You might laugh, but I thought the same thing yesterday, when looking at both my i3e and SQZ holdings. Then looked at one of my long term holdings in North Atlantic Smaller Companies IT - bought at 480-500p in 2008/2009, now circa 4150p, 13% year on year return.

Not as exciting, nor do I have another 20 years - and although sqz has beaten NAS hands down for me, i3e seems to be disappearing before it gets going. GLA

Telegraph today as well - 13% a year for 42 years.

Have a pretty large holding for a PI, but that comes from investing in 2007 & 2008 (480p lowest purchase).

Would recommend as a banker for all IT portfolio's.

I would like to think that my vote of No to the offer is my opportunity to show my distain for Exec.

Will hold and await developments but sadly if this follows the usual remit - its a slam dunk.

Personally I was hoping that Mercuria, vis a vis Serica Energy would consider a bid at this level. They seem hell bent on Norway, even though they will pay through the nose for assets there.

My little holding of 750,000 shares will vote No.

It seems that Ithaca is taking the softly, softly approach to EPL and capital allowances - shame as thats not worked so far and the polar opposite to Mr Latins approach.

We can't even manage a united front. Abject silence form Shell & BP.

I guess we didn't run the slide rule over i3 Energy. Norway it is then, but Canada would have been interesting.

Sos, went out and scaled a 600m hill to pacify myself. Milliband Ouija Doll and pins not hitting the spot.

Some pretty good missives on the JOG board, from DU, with regard to Buchan - well worth a read.

Its a pity our management didn't take a huge slice of Jersey Oil and Gas when it was at 60p.

Nothing wrong with cross holdings, especially when you have the inside track on whether Buchan is viable on a worst case basis.

You could say the same for Skerryvore (a Parkmead slice)

Whilst we dissemble, JOG is up 21% and even Kistos up 3%.

Lets agree to halving the dividend and we are all happy?

I have decided to attempt to get a super pylon and a travellers site situated at Mr Millibands residence. I am sure he will be more than happy to accommodate. Maybe not an economic migrant accommodation in his area.

Think my dachshund wants the dividend to be maintained!!!!!!!!

Management please run your slide rule over i3 energy please, or if you want green credentials and a couple of windmills parkmead.

Dennis I personally don't disagree with anything you have stated. I despair of politicians regarding the working class, being the vast majority, as a feeding station for taxation.

Not even Labour will target the real wealth in this country, individuals who have enough to disregard whatever taxation changes occur. I'm a northerner so know there is working class (

Nothing wrong with a bit of conviction Deeko, I did the same with Serica Energy and Trap Oil (2009-2015) and one came good.

Nautical Petroleum was another good investment, but value traps abound then and still do. Happy with my smaller holding and await news. GLA.

Is this to big a pill for Serica ?? Knowing HitecVision it won't be priced to go - perhaps Mercuria want it and crumbs for Serica??

Or help me out and buy i3 energy!!!!

Its totally understandable that Parkmead is considered a lifestyle company, but on the other hand Mr Cross for the last ten years has established a niche small company that has kept his loyal workforce in employment whilst small steps are taken.

Looking at my spreadsheet I first bought in in 2015 and after averaging down, sold in 2018 for a small loss. Lesson learnt for me that this was not where I wanted to be. Thats not to say it will not be a huge success come Q2/25 when Skerryvore reveals itself.

For all long standing peops on here, who have posted positively over the years, I don't know if you are "real" or company communique , not that it matters, but lets all hope for Skerryvore a company maker for shareholders - that is if this government come to a sane thought on tax allowances.

Large holder in Serica myself so its been a painful period.