Member Info for Mommur

It all helps - with Hartshead now reviewing the economics of developing the Somerville and Anning discoveries in the NS southern sector.

Just perhaps it would make sense for all prospective developments pending and from the latest licencing round, be broadcast over the media. Certainly a clarion call from oversea's and multinational players would support our UK based O & G companies. I've watched Unions fight for Dockers, Miners, Steelworkers, Ship Builders, and many more - mayhap they have a voice against their lords and masters.

I think they are basking on the uplift of the sp from 18.5p to 22.5p since February - outstanding performance is the clarion call in the office and cries of more free options is the mantra.

Sorry - been a tough week!!

"With a divi so large and apparently managable whats not to like? As long as its not cut."

Say it quietly please

To see. The company has put capital investment to the forefront this year, rightly so. Impacted companies may pay more tax but may also receive tax relief through the Energy Profit Levy’s investment allowance.

Rightly or wrongly, Tailwind balanced our Oil/Gas balance.

It is disingenuous for the media to still carp on about the profits that BP and Shell are making that seems to ensure a spiral of death for companies that are purely UK asset based.

Beckoning silence from Mercuria, probably as we are descending to bid territory and our board see a pay day.

ACW could have asked BP to take a holding again in desperation, but I fear not only the rudder is missing but we are taking on water.

I wonder if NOIC would purchase the other half of Rhum???

Rant over - pity Guy Fawkes couldn't assist the country today

All a matter of perspective Zengas.

Perhaps I was slightly flippant, but with a market capital of 11.28mill, just perhaps its vulnerable. Japex and Malaysia are building blocks and I was purely adding 2+2, making 5 and considering it an opportunity for Serica to have some assets outwith the UK sector and EPL.

Concur that things are happening here for LBE after 4yrs and 3 months - but a year low of 8.5p from 100 or 75p is hardly outstanding.

Painful comparison Zengas, like Mr & Mrs Hardy I bought heavily in the 4-5p range and was a holder from even earlier (2009) for the sum of 60p and added through all the heartache downwards until 2015. Never lost faith in Mr Craven Walker and it certainly came good.

Over the same period I was a holder of Faroes Petroleum which showed great promise, but never quite reached the next level. Management (some now at Longboat) forgot about its disillusioned major shareholders who sold out to DNO.

I'm sure Mr & Mrs Hardy are just as disappointed in Serica as I and many lth are - a catalyst may be to put an offer in for Longboat - perhaps after 5 years the major shareholders here feel the same as Faroes II's. Not to good for holders here from 100p and even myself from 50p!!!

Our time will come, hopefully with as new CEO imminently. Unless Mr Flegg was "pushed" I would have thought sourcing had been happening off the record for a while, with likely candidate(s) hosted. The right person will certainly lift our sp.

Looking at Kistos purchase, £25m has led to a 23% uplift to the sp as I write. Mayhaps a hostile bid for Longboat Energy would challenge their management and entice disillusioned major shareholders to accept after 5 years of underachievement. That would give us Norway and Malaysia diversification - little morsel rather than a bid for Kistos and a new excellent CEO from them!! Who knows, but I am in Surprised's camp - the cup is half full and just needs a couple of lumps of sugar!!!

I guess I must be a Kistos fan at present seeing as I'm showing a 15% profit on my recent and only purchase - I'm certainly not a fan of Serica after the last 12 months!!!

My only chuckle this morning was Dicks missive on a certain Ms in the labour party " the ginger Amazonian who left school with more children than GCSEs". Being a northern lad I cringe whenever she appears on tv, must be because I married a Kent lass and lived there for a decade or so.

Perhaps a timely purchase by Mr & Mrs Hardy or even ACW,MRF or Mercuria (yikes) would help - lets face it their dividends are enormous. Like Dick I sold 15% at 443p (now wish I had sold the lot like everyone). My concern now is the dividend - a fair few IT's have holdings in SQZ for the dividend, which may well be concerning and holding back any further investments at these depressed levels - wake up Management and take the concern away - otherwise the rot will continue.

If only - he has my backing for CEO!!

Looks like I was shrewd (or lucky) buying a tranche last week Newk. Wanted AA as CEO at Serica, seen as its rudderless at present. Clever bolt on for Kistos.

As gas plumbs the depths of umpteen year lows in America and is now getting close to the EPL rate of 54p per therm, I do wonder if the Industry remonstrates over the EPL figures of 54p/therm and $71.4 per barrel of oil, with that they should be index linked from 2022.

Surely if my old age pension goes up 10% and 8%, any government should have a mechanism that doesn't damage industry unjustly.

To be fair the weasels have been very clever, slapping this penury on oil & gas companies, who's product is priced on the international market, is a win win. These companies (Serica) have seen the cost of supply increase to over $20.per barrel now due to inflationary measures, but are unable to pass the cost onto joe public.

The likes of BAE, Rolls Royce and even the Retail Gas Market suppliers (British Gas) have had bumper windfalls but good old Government cannot touch them as the costs would be past on to joe public.

Rant over - about time the Industry gets government (in or out) over a barrel

Would like to think that now is the time Allinadayswork, to accumulate. Have a rather large holding in Odyessean IT myself so it ticked the box with FSJ, as they have been quite adept at picking winners, painful as it was to see XPP crash yesterday.

I wonder when FSJ will get round to offloading or hiving off Divex and the Hyperbaric Centre in Aberdeen.

May well add more next week - pity my ISA is maxed for this year.

XPP does it again !!!!!!!!!!!!!! 10% holding. Surely our Managers paid close attention to how the companies performing.

Yep it was a long time for the reversal at 4p Deeko. Have a small holding here and tempting to add, especially as outwith the UK .

Serica looking for a new CEO and oversea's holdings (hopefully) so you never know. Maybe the long term Institutional Investors won't wait for 10 years like FPM before capitulating - again who knows.

We seem to be back into a cycle of concentrating on MC at the expense of SP again, and its not only Longboat. GLA

When Serica buys them with petty cash??

I also added my first holding and came up as a sell at 141p. Just wish Kistos and Serica had "merged" last year!! Still time.

Things must be tougher than even I thought, with the Foundation selling shares yesterday, due to dividend cessation. Both Odessyean and FIL have bought large tranches recently, with OIT being particularily adept at picking companies with medium term prospects with a condensed portfolio.

Tick in the box for me.

I must have similar thoughts to Mary here having doubled up at 251p. Been a while since initial purchase at 855p in 2021 but added around this area at opportune momentys.

Have a soft spot for James Fishers due to the Charitable Foundation doing a lot for peops in Barrow in Furness - it certainly needs it, as the towncentre is a ghetto and peops that can move, are heading out to Ulverston to live.

You could be fooled by the 3 Vessels moored up in the docks, strangely in James Fisher colours, that have not moved for decades - PNTL vessels Egret,Heron,Grebe that were destined for Nuclear Fuel transportation.

Lets hop the falling knife is scarbarded !!

Always have a tissue at hand SoB.

Would be happy for Tom Cross to be the new CEO of Serica if they cannae get Andrew Austin (Kistos), but he would have to put on his Dana pants!!!

No slight intended, truly hope for a win on Skerryvore

Even when Faroes Petroleum dumped Perth/Lowlander sour oil, Parkmead kept ploughing ahead until realisation set in. Now we have a huff and puff adventure to keep TC and his lifestyle company playing.

Surely their are no LTH left here and its a playground for speculators and traders.

No longer a shareholder here as basiled in the 50's but Skerryvore holds my interest due to Serica - but expect it will be pushed back to 2025 by Parkmead. Here's hoping it still spuds in 2024 Q4.