Member Info for Mommur

Concur, its good to see the CFO purchasing shares at 184.9p, Perhaps if he continues to purchase shares at these levels and add a nought to his holding (380,000) us LTH would consider, along with the share buyback programme that a solid floor is building barring any world event.

Skin in the game counts, unless "free" like Mr Flegg's - barring his recent purchase at these levels.

Mr Cox, is a canny man, so I hope he opens his wallet and purchases shares out of his own money - we will see.

Still holding myself and would like to add more around the 17p mark. Spare cash all went into ECO at 9p which has accelerated - perhaps thats where the traders have gone - to help me along!!

Although I am no fan of the ex FPM management who follow the mantra of increasing MC rather than SP, along with hefty wage bills, I do see a recovery going towards the Norge drill later this year. Happy to sit and should funds allow add.

So much for a Questor tip at 30p.

Perhaps we will hold this level going forward, with a bit of support the last few days. Have a bit of a geared play myself, holding 52,000 shares in Odessyean IT, where James Fisher is a 5% holding, as well as my direct investment.

I have OIT down around 10% on its initial investment, although they may have averaged down over the last couple of months, or indeed bought more. ( although if they got a 10% discount on the 5% they are level!!)

Bid wise, they are still a disparate conglomerate, although I'me sure Asdhtead or someone similar would take the Oldmeldrum equipment hire side of things. Divex and the National Hyperbaric Centre in Aberdeen, is pretty niche.

Who knows, but streamlining the successful parts is ongoing and all to play for.

Serica has commented on looking at Norway Assets, Deeko. With the backing of Mercuria, may well have the slide rule going. Bigger fish than Longboat, which I considered a tasty morsel for Serica as well!!

Perhaps our Directors comment mentioned by Surprised, may be considering Repsols Norge Assets, whispered to be up for sale for less than $500m. Wonder if they have a good CEO??

Echo that comment Dennis.

It would seem the only buyers are Serica themselves. Surely Mercuria are unhappy with their paper capital loss so far, or are they depressing to follow up with a low bid offer ??

"WTF is happening with the share price again today?"

I could have wrote that ad verbatim. To have returned to sub 180p after our results - where this years fortunes were laid out and due cognisance taken of Norwegian asset, I am a trifle flummoxed. Share buyback should have placed a floor under our sp, which now seems to be 180p not 200p, never mind back to 250p!! Perhaps my own reluctance to add more under 180p is where the market is to.

Perhaps they should have bought ECO like myself at 9p - back in Namibia !! If BP can hold shares in Serica, why don't we take positions ??????????

Over 10% drop inside two days ??

Whats gone wrong??

Petrofac still working, Deltic has its own problems - no money, Serica's busy schedule mapped out and proceeding and dividend secured.

Waiting with baited breath.

And here's me thinking someone was off the payroll !!

So if H is taking on the role of chairman, does that mean G Stewart is retiring and off to spend his £36m from FPM sale to DNO???

Normally I would say due to more sellers than buyers, but not the case today, especially if we are mopping up and placing into treasury. Deltic situation made worse by Shell playing hard ball, but yet again a salvo fired at politicians and inept government.

My other oilies, KIST,ECO,i3e are all firmly in the blue, so it must be more than just Deltic.

Perhaps Petrofac are our incumbent driller - and the bottom has dropped out of them today????????

Deadly silence on here - strange as sp has rose on the last 3 days. Missed my chance sub 17p to add a few more, will watch with interest.

Lucky man, ii still not paid out on my £6k dividend - good job I wasn't re investing today!!!!!!!!

I think we all conjectured it was a reverse takeover !!!!!!!!!!!!!!!!

Early morning bird Dick, always appreciate your posts and you made me cast my mind back onto what i did with my 1m Trap shares on conversion to JOG. Seems I offloaded in 2019 for an average around 143p and bought more Serica at 110p Been a travel since then for both shares - dizzy heights to a reversal - perception all to do with when you bought and sold of course.

Come the election, I'm banking on Guy Fawkes to make a difference if its November!!!!!!!!!!!!

Morning NewK, just perhaps the share buyback will give us a baseline from now going forward. With regard to Robbie Fleggs departure, I would conjecture out with the old, in with the new - having experienced it myself on my old companies takeover. Leadership team was completely gone withing 12 months.

To be fair we are a different animal today and I accept we don't ascend into the stratosphere like our days at 4-10p. I am happy enough holding, perhaps due to a very large dividend each year, but nevertheless I want us to turn into a growth share rather than an income share!! Like Ithaca, mass is important and our direction is now firmly on Norway - just perhaps a new CEO via a merger would give us an entry?? Won't harp on but I mentioned a couple of players before that have oversea's assets - that I hold by the way.

Dividend soon, now where shall I invest half - been ungrateful on the last one and bought BP

Steady way

On the day of the races. Underwater at present, although Robbie Flegg's are in the money. Statement made I suppose.

Happy enough with results, great deal of information and dividend secure. You can see the way the company is heading - Norway being of particular interest. Will continue to accumulate KIST and LBE in the off chance.

Nice to see that ACW has kept his shares (below 3%) in his baby.

Bought KIST and BP when we were at 170p, which have increased by 15% and 18% so puts a bit of perspective on our sp.

Still hanker for Andrew Austin to merge with ourselves - Ithaca showing the way - now when are these inept politicians going to see and hear factual communique rathe than keep reiterating we need to tax BP and Shell more.

Keep the faith, tides turning.

Your forgetting the pain when BP pulled out Deeko!!

Know what you mean mind, I did recently try to find out if anyone took over the licences but it was difficult to ascertain. Personally have a reasonable tranche in ECO that has a presence - SQZ wants some oversea's ????