Member Info for Mommur

Take your point Couerdelion and I should be pleased that Serica has made me a very rich man and still retain over 600,000 shares. Needless to say my vote would be always against free share awards unless evenly distributed between all employee's.

I risk my own money and Chris Cox has bought on the market, so fair play to him.

I just don't have to like it.

Lets just remark on whats fair, as this freebie effects all shareholders

2025 Wage

Martin Copeland 2025 Wage £893,000 ( 547k Salary, 274k Bonus and 71k pension

Chris Cox 2025 Wage £1,436,000 (817k salary, 511k bonus and 107k pension

So I get well paid for doing my job and then get free shares - be nice if they declined

Excellent news. Been here once before with BP buying in to Serica's Luderitz basin licence, only to find BP walking away after the 3D Seismic didn't reveal any monster finds. Lets hope for better results here.

Bit of an over reaction from my perspective. Did think that 250p was our new baseline, but I'm sure with news to come we will recover. BP down 8 %, Kistos 7% and Ithaca 10%, whilst we are over 16%.

2 weeks of volatility to come!!

"These days, Serica suffers from too many traders and not enough investors. Once they’ve made their 10% or 20%, they take their profit, and the current volatility is a prime opportunity for them."

Don't disagree that we have Traders playing here Dennis, but its all part of volatility and Serica now being a different animal from the "old days".

I personally have a core holding but do conduct trades when I consider it opportune. Take the start of the year with an sp of around 170p - it was a bargain for me and probably others - thats a 63% profit if realised.

Enjoy the easter break and don't forget to fill the car fuel tank up.

Ne'er mind, drop it to 70p and I will help mop up additional shares.

"Norway is to cut the amount of gas it pumps to the UK and Europe by up to a third this summer as pipelines undergo crucial maintenance."

Seems to be a lot of angst on this board at present - aren't we all Serica share holders??? Personally happy for Enquest to do well and read about it on the Enquest board .

Sorry my last post timeline was incorrect (must have been the wine)

"Going back to Serica, the 2015 sp of 4p rising to 443p in 2022 was defying gravity and the descent to around 110p by 2023 was painful."

Good summary Stevo12 and concur.

Lest we forget, Mercuria have a 25% holding in Serica, that seems benign at present, with little change in holding size. I'm also conscious that we are a different entity than ACW's exploration company but have now matured into a production company - with momentum I might add.

On a slightly offbeat scenario, I wonder if Serica and indeed Enquest are running their slide rule over Seascape that has just had a small raise.

A patient LTH like myself who first bought Serica in 2009 and continued to accumulate year on year can concur that the path is unlikely to be smooth or quick. Then again it depends on your time perspective, with 2015 sqz accelerating away from its lows.

I did hold a tranche of Enquest in 2010 at 100p but sold later in the year and took profits. By 2020 Enquest reached 15p after a tortuous sp descent and is still range bound in the 10-20p order.

Going back to Serica, the 2015 sp of 442p was defying gravity and the descent to around 110p by 2023 was painful.

Since 2021 we have had 103p in dividends and a share price recovery to now 270p. Now forgive me for saying it, but value is objective - it will be interesting to see what the next 5 years brings to both companies.

Eco your concerns on the Serica bulletin board with regard to Skerrvore. An extension on an extension, I can't see the Energy Minister approving that.

I was of the opinion that Serica would be out for tender for a rig for Kyla and Skerrvore in Q2/Q3 of this year - brinkmanship?? A Noble rig has been sat in Aberdeen harbour for the best part of a year and Petrofac / CB & I, must be keen for operations in the UK.

Guess its watch this space

Solid hold for me, but disappointing that no mention of Triton downtime for 24 days was relayed earlier. Obviously market sensitive and interesting that no rumours were whispering around Aberdeen - thats a first!!

Will await 10 o/c to see if more news re rig tenders. Mention of out to market for Bruce, but no mention of Skerryvore, Kyla with regard to a rig. Skerryvore being time related re extension.

Never a truer word Dennis.

Results on the 26th March followed by an Investor Event in the Spring should give a positive read. ( its spring already I might add!)

I expect we will initially hear about Evylin & Belinda production, Infill drilling on Bruce and perhaps the move to the main market.

Investor event should give us details of an FID for Kyle and hopefully a drill rig for Skerryvore as the licence extension is up on 31/3/27, so drill or relinquish.

P2530 Wagtail discovery feasibility may well be complete and I imagine Dana are hot to go for another drill option defined by 26th Aug.

I'm guessing a tender for a drill rig is live at present.

Thats just a few options with lots going on, Lancaster cessation, new umbilical for WAD at Bruce, so a busy time.

A strong hold for me and I forgot to mention the dividend.

GLA

Keep it quiet, but the Iranian National Oil Company own 50% of the Rhum Field !!!!!!!!!!!!!

Serica results on the 26th March.

Anticipating news of a drill rig perhaps in Q3 for Skerryvore, as licence extension expires in 2027 Q1 or Q2.

Perhaps Donald can keep the debacle going until our results come out, with eagerly anticipated information on our forward planning and dividend.

Now why didn't Serica buy into Eco Atlantic, which was on my potential oversea's purchases - its beginning to be another Serica for me.

Good to see that Parkmead long term holders are finally getting some traction on the share price. I had my doubts, being an ex holder that got out about level.

I thought many of you would have followed the asset sale to Serica, being 130p at the time but I acknowledge loyalty to a share. I look back to Serica at 443p and wonder why I only sold 10% of my holding, to see it plumb the depths of 110p.

Good to see both shares in more positive territory.

Guyana: Viridien and BGP announce agreement with government of Guyana for multi-client 3D seismic program over shallow water acreage

Lot 2 is immediately to the west of Orinduik, up slope and does cover a touch of our licence.

PM Starmer warns against profiteering and business should leave it to the government to extract profit for the good of all????????????????

"Sorry couldn't resist"

Nothing to worry about Dick and agree with DiveCentre. Used them myself on lots of projects, for pressure testing, nitrogen purging, chemical injection, etc, etc. Top performer.

Bizarrely they are based in Westhill just around the corner from my house. Just took over another office building opposite their main unit and based on the car parking they are on the up and up!!

Never quite got round to repurchasing JOG, after my substantial holding in Trap Oil went south and inherited some JOG which I ultimately sold. Hopefully this will come good for you all especially DU.

Like some of you I have a very large holding in Serica and looking forward to results in March, where news may or may not be revealed with Buchan. Neo holding the strings though and Serica having numerous assets now requiring a Drill Rig.