Member Info for Mommur

One of my smaller holdings, but disappointing the SP is around 40p and now seems undervalued. Niche products that seem to be gaining traction, albeit they don't light up the world. In this climate I agree with defensive quality but can't see a catalyst for us to retrench in the 50's unless macro events improve. GLA.

I think a few of us are in the same boat unhooked. I have an average of 300p and stopped adding around 150p. Sitting on a 5 figure loss which I'm resigned to offsetting against my Bp & i3e gains.
I'm a big fan of Mr Mills and have aggressively added to my NAS holding in the 3600p area, which also has significant holdings in OIG, Renaltyx and EKF - it seemed a safer prospect than adding further. NAS in itself has dropped due to our holdings.
Silverblade is very knowledgeable and his posts are well received by myself.
Watching brief from myself. GLA.

I'm assuming that Iranian Oil , holding the other half of the Rhum Field has been filched with the wealth tax? With discussions ongoing re sanctions and nuclear, perhaps the sale of this cherry may come to fruition.
A number of O & G are in the position of missing the boat if deals are not completed JOG,PMG,ORCA to name a few, some of who's sp's have risen quite dramatically. Just perhaps, Serica has played the long game and has awaited the reversal of oil & gas in anticipation. Come on Bp, you dinnae want Andrew anymore. Interesting times. GLA.

Can only agree with all you state Ripley with regards to these boards. I can't say I have lost money reading views, as its been my decision whether to invest or not and when I get it wrong i kick myself and move on. Trap Oil for example as I had amassed a similar amount of shares as Serica.
I have rose tinted glasses re Serica, albeit i have a tranche of trading shares that are presently in cash and will re invest if we drop to what i consider a buy in position again. Watching with interest and will play my own game.
I could have 60 shares, 60,000 or 600,000, so new investors be aware and play your own game. GLA DYOR
Beware some of the constant posters

Subsea Well Interventions are being done by Helix from the DSV Seawell at Bruce at present. Interventions on subsea assets that require divers have been conducted in the past by Rever (now Boskalis). SQZ Client Reps onboard.

Think I qualify for balanced ramping Newk, with the amount of SQZ shares I own. I find the latest dialogue on selling a few shares hilarious, seeing as a number of us have been here since 2009 and have considerable holdings. Some like myself have a separate trading allocation and add and reduce at appropriate times.
I certainly waxed lyrical that SQZ was a buy when we recently touched 250p and loaded up myself - no criticism. I,ve just offloaded my trading shares at 443p and certainly don't want a pat on the back. I take note of peops opinions and rationale on here and its good to assess how Long Term Holders thoughts are on where the SP is at.
Now why did Serica relinquish its Namibia holdings - a slice of ECO ?

Its beginning to be rarefied up here, any thoughts LTH?? Great for peops that got in around 250p recently and have been rewarded handsomely - in fact most holders must be smiling who bought in the 300's.
I've took the liberty of selling my other tranche of trading shares at this price, for no other reason than I have been amply rewarded. Long term holdings will await drill results.
Living in Aberdeen, i can now consider turning on the central heating soon!! Sharp morning feels like autumn.

Well we held at around 150p for a couple of months and are now at 100p for the last three months. Have added to my NAS and OIG whilst they were at their yearly lows, but not here as of yet. Been a big backer of C Mills over the years, so expect we will lift out of this mire eventually. GLA

Each to their own - I sincerely hope you have a tranche of Kistos shares that supports your holding in Serica.
Perhaps I am biased, as Serica has ensured I have a few pence to diversify into other opportunities from the dizzy days of 4-5 pence to now over 400p.
I enjoy the banter on here, but its overwhelming in negativity with regard to a management team that doesn't know what to do with its cash. Patience has always been rewarded here.

"Asleep at the wheel"
This bulletin board now has so many Armchair Oil & Gas Executives that perhaps Serica needs to be run by a shareholder committee - my prognosis would be it would be a complete and utter disaster.
With ACW you have someone that has been successful with Monument Oil and Serica, who has built a team around him.It beggars belief that some consider our Exec are not aware of the reserves situation.
I'm sure the tune would change, if another acquisition comes in the near future or N Eigg is a success.
Moan over - give them the grace that they know there job, as I'm sure you know yours.

Strangely enough I have been mulling over what is likely to happen further down the line and the telegraph missive certainly strikes a note with myself.
Having watched the upward march of my portfolio over the last couple of weeks, I deliberated yesterday and decided to monetise half my trading shares in Serica for a handsome profit from 250 to 394p. Feel a tad more comfortable having some ammunition back. SQZ not on its own, both i3e and ECO, my other E & P are doing well as is much of the other E & P.
My gut feel is N Eigg will be a discovery - to the delight of my long term holding, so here's hoping my "insurance" is not required to be re invested. GLA

I'm no fan of the lucrative awards that Exec have awarded themselves and will willingly add 700,000 votes to any dissension.
I might add that 5 years ago the share price was 27p in Aug 2017, so we need to add some perspective to the argument, that no deal has been made.
As mentioned N Eigg is the next catalyist and I will take a 50% probability anyday - or is that half full instead of half empty??

Lets hope our Exec's are early birds too!! Morning.

Nice to see you hale and hearty Newk, or if feeling down, getting better. Strangely I am surrounded by friends and family that have had Covid and have still not been aware of having any symptoms myself, nor my wife who is a Schoolteacher and was surrounded by the contagion.
In a former life I was a saturation diver, so remember how it feels with a 7 day decompression from 186 metres!!

Keep smiling, and lets see what the 9th brings and any third and final offer preceding the date. Option 4 must be it lapses and AA licks his wounds and we await N Eigg
GLA

Would seem we all took note around the same time in 2009, with Kambuna coming on line, Bandon Oil discovery and Conan drill in preparation. And of course Columbus ready for development. And then a lot of anguish and pain until Erskine with a succession of dry holes and the Namibia desertion by Bp !!
I read with interest all the comments on this board on the Managements inaction to do anything with our accumulated cash and the pitfall that is in play at present, which are fair and unfair. Having aggressively bought at the 4-5p region, I have no grounds to complain and I am sure all LTH having been here since 2009 are comfortably ahead as the shares at the time were around 60p.
Happy to see the Hardys adding in the 350p range, which is interesting as one could assume its implicit support.
Good to see Dick back on line and i still watch JOG with interest and good to see its ascent for him.
So, if we survive and gas prices level out, it may well be rich pickings for a cash rich company, if the likes of JOG, PMG. ORCA etc have had no luck with farming out. Whats good for a company is not always good for the share price unfortunately as we would follow any market down - but thats I time element and I am getting old in the tooth. Hmmmm.

I added 50,000 shares when we plumbed the depths of 250-260p and it caused "hardy" a ripple. I'm sure a lot of LTH made purchases at the same time.
Lets see what next week brings and 390-400p would be tempting to offload my trading shares with a similar amount from my main holding as Maverick succinctly points out, no merger would make the SP drop lower and best to have some ammunition available.

Well, I have a fair few more shares than a number of them on your list Newk - and I personally wouldn't want some Kistos shares that are artificially inflated by this bid.

In 1999, ACW pocketed £15m when Monument Oil & Gas was purchased by Lasmo. Lots of dissemble on here about how our Executive Team are apparently clueless on how to manage our profits and put them to work. I have every confidence that they are working behind the scenes to ensure the company grows its MC and the SP. I'm the first to bemoan executive pay and bonuses, but can do nothing about the gravy train awards that effect all PLC's from this boys&girls own club.
Been a shareholder since 1999, so have reaped the benefits of a successfully managed company, so have no complaints.
My two penneth - will be a shame for us to be bought out as I see us going from strength to strength despite the hurdles. Expect an uplift in offer but nows the time for a purchase of Andrew with BP taking a holding of 5-10% as a white knight. If only!! Lets see where N Eigg takes us and I for one don't want any core samples until we reach anticipated target point!!

"While far from guaranteed, the prospect of a company paying a dividend gives investors greater confidence in terms of its valuation versus firms that are reinvesting cash back into businesses for future growth."

I would consider SQZ is unique in applying both these circumstances - grist to the mill. GLA

To say I am perplexed is an understatement Newk. Fully concur with your missive.
Whilst understandable some of my more exotic AIM shares, have taken a hiding along with my Smaller Company Investment Trusts, the market is taking no account of what a strong position Serica is in at the moment.
As mentioned previously, I pre invested my dividend when we dropped to the 260p area - lets just call that another tranche, as I now look forward to re investing my dividend in SQZ shortly and hope ACW and Mr & Mrs Hardy do the same, as well as all LTH - if we stagnate here. Patience again for our tortoise GLA