Member Info for Mommur

Yes news broke last night with regard to discussions. SQZ, KIST, ITH, JOG are all reacting to possible news to name a few today.

Difficult to know whether this Government will do the right thing, when Mr Milliband is lurking in the background.

Just perhaps, although I am guessing a wall of silence. Perhaps the local Denton election will provide the catylist.

Enjoy the moment.

Morning skid35, Yes we do seem to have a number of similar holdings, I also have quite a large holding of Monks, since Independent IT merged with it.

I agree AUGM could have done a lot better - onwards and upwards!

I'm history, sold 30,000 this morning at 109.11p. Happy to give some kernels away as this has been a lesson in patience hasn't worked.

My IT porfolio seems to have a fair few changes going on

THRG - merger, HRI - under the cosh with Saba, SSON changing to a trust, DIVI merging.

Stalwarts FSV, ASL, FCSS and PHI all doing well.

All quiet on this for several months - or I missed its sale?

Chevron is exiting the UK North Sea, aiming to sell its remaining assets, a 19.4% non-operated stake in the BP-operated Clair oil field, with a total valuation estimated at up to $1 billion

As we are now up 31% from the start of the year, the market appears to have taken note of our prospects going forward.

Just perhaps some anticipation of another u turn - who knows its probably the only one labour would get some plaudits for.

I am expecting news in March with regard to the £500,000 we paid to Finder Energy for 40% of P2530, which is due to expire in August this year. As Dana, hold 40% of the licence as well, my expectation is we will press the button on the next phase with an exploratory well on the Wagtail prospect with mean resource of 19mmbbl and a CCoS of 57%. Another tie in to Triton and I just hope the dialithium crystals wil take it!!!

In years past, Labour ties with Unions could well have instigated disruptions within Industry to deliver political decisions.

We have 25bcm of gas imported via the Langeled pipeline into Easington Gas terminal and a further 12 bcm of gas via Vesterled into St Fergus. Gassco the Norwegian State owned company operates the pipelines.

Major fault with infrastructure on receiving system - spanner please!!!!!!!!!!!!

Unfortunately Mr Milliband has anacusis.

It would take Mr Starmer to give a sign that Weapons of Mass Destruction is correct.

Yes I am also a long suffering shareholder. I wish I had never considered RENX when it was part of the NAS investment trust holdings.

Having made considerable gains elsewhere over the last 2 years I have been offsetting against CGT. I now have only 15k of losses to go before I can fully forget this share that led my heart due to its great concept that appears to be non marketable. Perhaps a software purchase by someone sometime.

I note that TotalEnergies has just bought into Licence PEL 104 in Namibia. Serica's PEL 047 (Blocks 2512a,2513a,2513b and 2612a) licence that was relinquished are immediately to the north and west of PEL 104.

Still open blocks with no licence holder - we just picked the wrong ones!!

You can guess its been raining solid in Aberdeen for 15 days without any sign of the sun!! I'm bored.

I note the projected spend on a replacement of WAD umbilical line at Bruce as part of the $30 million spend. WAD stands for Western Area Development which is linked by a Towhead pipeline/umbilical bundle configuration to a series of satellite wellheads. A further Towhead runs from this WAD to the Keith Well.

Subsea electrics have a habit of degradation even with a Channel A & B, so it seems that redundancy consideration requires a new umbilical, otherwise a shut in of these facilities may occur.

Front end design plus and procurement of the subsea wellhead system underway, so one would expect the FID to be positive and reported in March along with the 2025 full year results.

Petrofac UK, would seem the prime candidate for a Rig - Serica having several requirements on various fields. Operations must be rubbing their hands in anticipation!!

Nice to see they have a holding of nearly 11 million shares in Serica. Coming to main market should tempt them to hold more methinks.

Agree with all on here with regard to 100p on news.

I offloaded at 80p feeling we were toppy and bought back in at 60-63p, which was a tad strange for me as I usually buy early and hold.

Todays rise needs to be in perspective with other nice morsels:

ECO up 5.77%, JOG up 5.33%, KIST up 6.82%.

Whilst SQZ lagged today , it is up from 170p to 203p from the start of the year (19% gain)

With regard to Rockhopper - well done - I would have thought you would have followed Navitas and bought into ECO at 7p. Lets hope SEA reaches the same heights on news. GLA.

"Until this begins to turn to increased prices its better to buy the best of its holdings."

At one stage Renaltyx and Benchmark were the best of its holdings - down the tube, so its tricky as I held both of them individually.

I have a large holding in Odyssean Investment Trust (OIT) thats also held in NAS, which has served me well from 100p. OIG which is also held here has acted as a drag, being such a large holding. You can see why its been unloved over the last few years being UK smaller companies.

It wouldn't surprise me that NAS and OIG hold Spire Healthcare which is held by OIT and in the process of being bid today. Ergo some movement in the right direction. GLA.

NEO may have a more significant role to play here as the Operator.

I can see why you would reach that conclusion over the last 30 months, with the sector totally out of favour and the midas touch seeming to have deserted Mr Mills.

It is my worst performing IT by far - 0% capital appreciation. Am I still a holder - yes for now, but will certainly wish to see a change

Will be interesting to see what Serica can develop on these west of shetland assets. Lancaster FPSO due to be disconnected in Q2, which leaves us with the Laggan, Tormore, Glenlivet and Edradour assets.

Glendronach development has been downgraded to 100mmboe, with a single well anticipated and requiring a mercury removal unit to be installed in Shetland. Benriach drill (P1453) was non commercial for Total, which leaves us with further exploration on P2411,P1159 and P2683 as far as I can ascertain. Been here before with Hurricane Energy on these basement drills in very complicated geology.

Infill drill on Tormore beckons, so will be interesting to see in March our Drill rig requirement this summer/autumn.

Good morning NQM, Yes very happy with the 25% rise in the sp since the start of the year. Been a holder here since 2024, with speculation that a tie up with Serica would still happen in the future. Did speculate that Serica would offer Mr Austin a merger deal that he couldn't resist, but it didn't happen.

The Laggan field tie up came as a welcome surprise.

Keeping things in perspective, Serica is up 22% since the start of the year and I would consider both companies are looking at an exciting 2026 and the Laggan endeavour very promising.

So having paid out £7 million so far to Parkmead, we have another stage payment of £3.1m on the 27th Feb and a further £3.9m in Feb 27.

It suggests to me that Skerryvore will be given priority in our Full Year results in March as the licence extension is due to expire in March 27. I would assume Serica are busy organising a Rig for this summer / autumn.

P50 assumption by Parkmead of 157mmboe. Chalk prospect so may only achieve 30% recoverable but will leave tyhat to the Sertica geo team. Lets hope our miserable drilling success finally comes good - we have been more successful on M&A with known assets.

I would hope to hear details with regard to Skerryvore on the 26th March results for Serica. A Drill Rig this summer/autumn is a pre requisite, due to 27th March 27, extension licence expiry.

Would be good news for both companies, although Serica's enlarged portfolio and past exploratory drilling results loom large.