Member Info for Mommur

Nice to see Robbie Flegg being "in the money" on his first investment.

Lots in my Garden Dick .

I wonder if Mercuria "hinted" it would be a good idea to support the Sp by Directors dipping into their bonus payments for a job well done.

Missed last nights chat re Mr Flegg and his never purchasing any shares Newk, Flexmw. It incensed me over the years that he invested nothing in a company that he returned to after the Circle debacle.

His LTIP award of 411,067 shares for the BKR deal smarted - I wonder what he did to assist ACW.

Yesterdays share purchases by Directors brought a little smile to my face, with the predictability but welcome all the same. I thought about adding a few but stuck to my mantra of no more - seems to be the rationale of all of us LTH.

GLA

Wonder how ACW feels about his baby now - especially if he held onto his shares for "old times sake"

Reverse takeover in disguise Dick.

I sometimes ruminate on how Mr & Mrs Hardy feel with regard to the sp. For a couple running a successful business in the Midlands I ponder whether they bought their shares with company money and felt that dividends paid to themselves (tax free as Serica had already paid) went straight onto the bottom line of their company. I wonder how they feel now after dilution and the fall in the sp.

Still have a large holding here but glad I siphoned off at the highs 20%. Dividend held would seem correct, otherwise their CFO will find a wall of selling.

No mention of Rhum production rate in the Ops Review - deafening silence. Mention of extended shut in but Bruce showing an increase from 5558 to 6487 boed, whilst Rhum showing 14581 to 12490 boed. 14% decline rate.

Bottom of forecasted at 40,000 - hmm.

Rather than a SERICA in the making, I would suggest it is a direct comparison to Faroes Petroleum, where a number of management came from. They increased the MC fourfold, but share price increase was abysmal over the 10 year period I held 100,000. Initial offer at 100p, went to 50p, recovered and touched over 200p, fell again then sold to DNO finally for 160p.

Another comparison would be Parkmead, being a "lifestyle" company for folks who have made their money to play.

Serica painful at moment, but its not on its own with such negativity in this country re oil/gas - but just perhaps its time will come - needless to say I am a LTH holder in Serica from 60p down to 4p and up to 443p - and now languishing at the 200p mark.

Been waiting for this, he was on borrowed time and it shows the puppet master in charge(M). Been pondering a tie up with Kistos - I just wonder if Mr Austin is interested - or whether M control is to much to take.

"Serenity - Tain - Serica news should be arriving soon"

Where does Serica fit into the scheme of things with regard to Serenity/Tain ??????????

Serica assets nowhere near Blake/Serenity/Tain

Hopefully this will still go ahead in Q4 of this year, although the Operator (Parkmead 50%) has until Oct 25 to fulfill its obligations for the licence.

With Neo's Affleck redevelopment in close proximity, it was a surprise they offloaded their Skerryvore 30% which passed onto Parkmead and Calenergy. Our 20% would deliver 30mboe if the projections come good to Serica.

We are in bed with Neo/JOG, re Buchan redevelopment and have a busy year ahead with infill drilling etc, so some rays of sunshine appearing.

Perhaps Mercuria can offer the top job at Serica YoungJun. Who knows - concur with AA attributes and the economy of scale of an enlarged company would certainly be a consideration. Apart from the other 82.5% of shares he doesn't own!!

No doubt their will be some consolidation this year but maybe not Kistos/Serica - but a nice thought.

"this company will evaporate into a debt-laden pile of junk, AIM share from which it came."

Thats a pretty judgemental statement to make CaneToad. Personally having bought in 2009 at 60p a share I went through a painful period until 2015, but never lost faith in ACW and his proven ability in building a successful company. Fortunately for me loading up in the 4p range gives me a different perspective .

Am I happy with Mr Flegg at the helm - no. Am I happy with the Tailwind deal - no. Am I happy with the Mercuria large shareholding-no.

Unfortunately their is a difference between making a company and rewarding shareholders. I saw it with Faroes Petroleum management and now Serica seems to have lost its way (momentarily I hope) with Directors greed coming to the fore - thats AIM for you.

Its not been a good share for peops buying in the 200-300p range still holding, but hey it hasn't dropped for 6 years yet. Labour scares the hell out of me, re the North Sea O&G and my dividends from SQZ have been channelled elsewhere - BAE for example up 100% in 2 years - wealth tax?- hypocritical getts!!!!!!!!!!

Economy of scale, springs to mind and just perhaps discussions are taking place with a certain chap over at Kistos that owns 17.5% of the shares, on whether he wants a senior post at Serica, or even top spot with Mercuria backing.

Ruminating only, as the share price is woeful. JOG, KIST,i3e to name a few are in similar low's. All of a sudden we have to much gas/oil.

Been ruminating myself on whether Serica has its eye on Kistos. Mr Austin with a 17.5% shareholding would have to be in agreement methinks and the gas price is not exactly upwardly inclined.

It wouldn't surprise me and the Serica shareprice is languishing close its low point since the descent from 443p ( which seems an age ago), with Kistos sp in a similar descent. Perhaps economy of scale presents itself and Mr Austin would certainly pigeonhole exceptionally well into a senior role at Serica.

Nothing wrong with cross holdings - perhaps Mr Flegg and his CFO should have discounted Tailwind and bought BAE - we had a sizeable cash holding. Even a numpty like me bought some.

I guess they bought BAE, Rolls Royce, Chemring, etc, seeing as they have doubled in the last 2 years. Nothing like a good old war for the British sadly. Strangely I don't hear the "Green" Party and Stop Oil loonies mentioning "windfall"

Need to look into AUV (Autonomous Underwater Vehicles) that are busy inspecting subsea pipelines nowadays and what payload they can carry - I wonder whats in store for the UK as we wave the flag.

Always willing to learn. Been an ardent follower of Mr Mills since North Atlantic Smaller Companies was below 400p and have significant holdings of both NAS and OIG, as well as OIT that he backs.

Bit of a disparaging nuance to your comment - but each to their own perspective. I'm sure Mr Mills with hindsight would have loved to sell up at 500p never mind 1000p not so long back.

This is AIM - you may well multibag from this distressed price or find yourself diluted - happy to wait

MF is decidedly on the gravy train, what with a salary of £1,014,460 inc bonuses for the 2022 financial year and a dividend from his 184,445 shares he got for fa.

That even doesn't include his LTIP performance related options awarded in 2019 to 2022 amounting to around 1,268,679. Hopefully some are out of the money on the vesting date, but nevertheless its proper gravy - not Bisto mind.

I also wonder if ACW has sold down his rather large holding in Serica or continued to hold for the dividend and his forthcoming LTIP awards.

Mr & Mrs Hardy won the "share" lottery with SQZ and have never sold a bean not even at 441p???????????????????????????????????

Been a long time from the heady days of April 2022 with an sp of over 400p, followed by a startling descent to 278p ish on announcement of the Tailwind deal in Dec 2022. Okay it was preceded by Bp selling up, EPL and the Kistos enigma, but still a significant reversal.

So this year - we started around 275p and are now at 230p with a low just below 200p during the year. Taking into account the additional 111 million shares at the Tailwind offer price of 278p, its been a hard year to gain any momentum in the right direction, having reversed several times from around 250p back to 210p. Kyle award and Buchan farm in did little to assist.

So 2024, we have production hopefully around 45,000p/day, works to offset EPL, possible M&A outwith UK and of course a juicy dividend - perhaps, just perhaps 2024 will be a better year providing the USA doesn't tank the price of oil. I can smell Tulips but hope for the best. GLA and enjoy the new year festivities.

A lot of us were quite interested in Renalytix at 300p, 150p, 100p and despaired when it plumbed these depths oldbutnowisa. There comes a point when you no longer add and a 25% upswing or downswing makes little difference.

Keep watching for the dilution - great concept but Mr Mills got this one slightly wrong and should have divested everything a while back. Me included when we retraced to 100p.

Heyho - fortunately NAS has begun its recovery.