Member Info for Mommur

Not averse to buybacks Megla - its a fine balance and mayhaps that would increase Mercuria's holding by 2%!!

Seriously though I wouldn't be still here if I didn't think we are seriously undervalued. More purchases by the Exec's would be encouraging and stop me buying i3e and Bp instead of sqz.

Still not invested my Serica dividend but await news.

"If it was up to me, I would have cancelled the interim dividend already"

I don't think Mercuria, Mr & Mrs Hardy and even myself would be to happy with that. Half my dividend if it gets the sp back to 200p - but its pretty draconian.

Mercuria buying a further 2% would be a tease.

I do, so did it for you Upomega.

Why BP do not support the second tier oil & gas companies in the UK north sea sector. All it would take is support for David Latin of Serica, confirming his prognosis for the UK sector.

Taking even further a rationale to invest no further capex in the Uk sector or even, the threat of moving Bp to the New York where companies are treated far better than the UK market.

Its about time this wall of silence is broken or I may think someone is looking for a knighthood in a penniless castle.

Seems we all considered a purchase today - added myself to the tune of 100,000. Unfortunately I am still underwater here, unlike Serica. Sorry to see you bail G-G-G - would like to think the bad news is out.

and they are looking for an oversea's asset - Canada would do!!

Would like a few more to add here GGG. Then again I thought peops would add sub 200p a while back when we dropped from 250p area. Traded a few, three times in the 200/250p but never expected this low an sp.

Expect we have bottomed out, but I'm top heavy with Serica. Keep buying and you soon more shares than the exec's!!

Would certainly like them to add more skin into the game - whats not to like of company directors all backing their ability.

Would hope we can safely leave Enquest out of the equation. Oversea's has been heard loud and clear by the executive.

Head said no, but heart added another 10,000 into the SIPP.

Don't know if peops will reinvest their dividends tomorrow sasa - will watch and see and may reinvest half.

GGG nice to see you onboard as well as the i3 energy boartd

GLA.

Apathy has set in here - very little buying and MM,s marking down to try and make a market. Its tough but hang on in as their comes a time when......

Added a few Kistos today at 130p - I wonder whose sp will climb first. Our news first with Bittern B6 online Q3 this year.

Wish I had a balanced portfolio but still heavy on Serica so loathe to add more - gla.

Morning Newk, your rationale is certainly plausible and I am well aware of possibility with our depressed share price.

Totally agree that we are an evolved company and a different animal from when we were a pure exploration company.

I would certainly like to see a Sicilian defence take place here - it would be a crying shame for such a good company to be taken off the board. Additional II's would help, but needs resolution of tax/legislation going forward.

Oversea's asset and share price appreciation back to 270p may well improve matters with Mercuria, rather than a degraded sp.

I took a large tranche when the sp was 443p, but its a trifle depressing to see the sp at this level. Dividend shortly, feel like another couple of weeks in Mauritius and check out house prices and tax regime!

It always amuses me that the simple fact that an executive is paid handsomely, he is entitled to be incentivised to work harder.

I have been in the position of being in receipt of retention bonuses with the workforce unaware of the perilous position the company was in - it went to a good charity. Each to their own - making proper money for a company doesn't just come from the exec - its a team game. I don't resent any exec just the gravy train. End of.

I know, I know they all do it but it grips me every time these awards are made in O & G companies. The Directors are handsomely paid and are not going anywhere, so retention is a red herring. Option price set at 23p, with most investors hoping for a recovery back to 100p in the next 3 years.

At least one of the Directors bought 1 million shares at 10p with his own money - hmmmm - I'm hoping the new Exec at Serica buying a large tranche at 139p has the same effect.

Been there, seen it in action and still consider Execs as employee's and paid handsomely without these bonuses for doing the job they are paid for. Rant over - perhaps Labour will tax these as they seem to want to tax everything else.

Concur with your thoughts Sekforde, with the exception of bidding for Enquest. That would contradict its efforts to find an asset outwith the UK sector. Think I have watched Enquest as long as I have held Serica shares and never considered it as an investment. Enquest sp pretty consistent since 2015 and I guess money to be made for traders.

Like most lth here, I hold because the bad news is reflected in the share price and for me a very large dividend. Halving the dividend for an oversea's asset, with recovery in the sp would not be the end of the world.

Having worked in the Oil & Gas Industry (recently retired) I know the Serica assets intimately, and a fair number of employee's based in Aberdeen from both Bp and Serica days. I feel for them at present as they are loyal and all bought into the success story with shares - this is not a multinational where you are just a number, but a valuable employee in your own right and loyalty should be rewarded going forward here.

Energy Pedia - UK: 750 business leaders call on Labour to locate Great British Energy in Aberdeen

I wonder if the likes of Harbour, Serica, and many other O& G companies added their voice to this???

I'm in the camp, that Mercuria is more than satisfied with its dividend on its 96,618,142 shareholding for the next few years rather than an opportunistic t/o. Serica pretty small beer to Mercuria, which apart from trading has its sights on energy transition and LNG in particular. Pretty deep pockets and a shame our major shareholder hasn't lent some support/ assistance - or perhaps it has on a government level - who knows - lets see how things transpire.

An opportune purchase by Mr & Mrs Hardy pre collection of their dividend would certainly support our sp. Did consider a further tranche today but opted for Bp sub 450p.

Newk, many thanks for the response. Will consider myself chastised by Notsofastyou for revealing my angst!!!

Not to sure that "plenty" will. Mr & Mrs Hardy haven't as of yet, nor has Mercuria. Personally placed my substantial dividends over the last 18 months in HRI and OIT investment trusts which have appreciated unlike SQZ (my bain).

Early morning brain stem stimulation, considered whether Red Ed would compromise on his attack on the industry. We all know gas is required for the transition, even a lunatic leftie. What if the additional EPL tax was only placed on UK oil and not UK gas?? Even better if a 3% reduction on UK gas coincided with a 3% uplift on UK oil.

I'm no politician but isn't it always about compromise to achieve anything?

Afternoon Deeko19, yep that was on South Africa 3b/4b with Total/QATAR and more importantly a free carry. Orinduick is more comparable with Exon looking at Hammerhead.

Did add more LBE myself, but far less than Mr Menzies.

As you say speculating, but been here many times and private investors get the crumbs from the table. Liquidity wise 57 million shares is ripe for doubling, so perhaps an II will buy in at a small premium to the current price - similar to OIT today.

Hold both ECO and LBE as a bit of spice and to keep my mind off SQZ which has been a painful 12 months.

GLA

Love your enthusiasm re market cap, but we are presently an entity with one exploration licence. A comparator is Eco Atlantic with numerous licences in some of the hottest regions at present, with a mc of £45m with 370m shares.

We have Mr Menzies having purchased over 1 million shares under 10p very recently, so he is a very happy bunny and just perhaps he has II's wanting shares and a rights issue at 15p for a 100 million shares would be enticing to raise some funds.

Perhaps not, but I keep a wary eye.

Its been a long wait for a lot of us so far, never mind becoming a long hold. Harwood Capital brought on to market both Renalytx and Verici DX.

Initially bought myself as it was a game changer product and deserved support with my rose tinted glasses rather than my investment head. Good to see and here some noise here but bottom drawer for me until it clears 100p. Wish you all well loading up.

Oil up, Gas up, Markets bouncing at all time high's and still we plumb lower lows without any recovery/bounce between cuts. We seem to be an industry without an Arthur Scargill for support.

Just perhaps BP and Shell can answer Labour with plain speak, correctly defining the majority of their profits are made oversea's and taxed accordingly by relevant countries. Due to the intransigence of the new Energy Secretary they will be relocating their business's from London to New York and will assess the profitability of their UK assets going forward.

Surely the big boys need to support the second tier UK based Oil & Gas companies that work in the UK sector.

Now how can I instigate a total shut in of the oil & gas export lines into the UK - maybe see if them Oil based paint lunatics Stop OIl can pull it off - bet they all have cars (non electric), gas boilers, lawn mowers and don't live in a mud hut. Rant over - will stick a pin in my Ed Milliband Ouija Doll, although electric shock treatment would be better from a windmill.