Member Info for Mommur

Well Newk, I am positioned accordingly. GLA.

Not a bad return for peops that bought at around 170p just before the new year. 21%. No realisation for me, lots of positive news to come.

Oil drilling consultant Russel Gerrity has been fined £309,843 after taking advantage of unpublished exploration well results to profit by trading shares in two London-listed companies - Chariot Oil & Gas and Eco (Atlantic) Oil and Gas.

Main theme from RNS seems to be Joe & Jethro, are other prospects and Hammerhead going to be released or am I reading this incorrectly???

Reminds me of Mitch Flegg going to Serica after the Circle Oil debacle. Scratch your ear, tap your nose and tug your pant leg in. Boys Own comic.

Ah the good old greasy spoon incentive rolls on. Seascape is part of a collective scheme to reward Directors for doing their job. Workforces hate it when looking at payscales and should be unecessary. Moan over.

Graham Stewart ex Faroes Petroleum now off to spend his £36 million he received when DNO bought Faroes.

Thats also my surmise Newk and like yourself have positioned myself accordingly. Have increased my position in Serica and added ITH to the portfolio recently.

Mr Craven Walker was one of the reasons for me investing in Serica Energy in 2009. His third company with similar investment philosophy.

I expect he still holds a significant holding in the company, albeit less than 3% after Mercuria getting onboard. I doubt Mr Flegg has.

I am beginning to wonder whether this government is finally going to u turn on epl. It seems appropriate for the times.

You of little faith!!

Update coming shortly where I will be very interested in details regarding Skerryvore. Operatorship with 70% with Cal Energy holding the rest. We had a licence extension until Mar27, so I would expect news with regard to a booked rig for this summer/autumn, or its been a waste of money buying Parkmeads assets.

"The planned well will target the main stacked exploration prospects, at Mey and Chalk level, which studies indicate could contain 157 million barrels of oil equivalent (“MMBoe”) in the P50, most likely case. The licence also contains additional prospectivity at the Ekofisk and Jurassic levels."

Nice mention of Serica taking over Greater Laggan in their results. "this change offers significant organic growth potential and opportunities to extract near-term value from infill drilling and the development of further third-party tie-backs to the Shetland Gas Plant"

Good to see we have nearly got back to our pre Prax purchase at around 180p. Lots of good news to come, but i would still like to see an RNS with regard to Triton although I expect no news until 21st January update. "Testing of the second compressor is currently underway, and the operator of the Triton FPSO, Dana, continues to review the start date of two-compressor operations" (Nov update)

Subsea7 should have completed the Belinda tie in now that will be awaiting two compressor operations, ditto Bittern export pipeline works should have been completed. Pity Dana don't release, but probably awaitying ourselves.

Main Market to come and it will be interesting to see what we prioritise, now we have multiple assets. Skerryvore, Buchan, Kyle development??

EPL - I just wonder if we will have a positive move by this government in 2026. Would like to think we are in a good place.

I had great hopes that Serica would look at ECO and SEA as oversea's assets and took positions accordingly - didn't happen but its been fortuitus.

Caracas, Venezuela being bombed at present- now thats certainly an oil play in the making. GLA.

Like many long term holders here I was underwater to the tune of around 20k and never lost the rationale as to why I invested in the first place. Added a fair amount in the 8.5 to 9p area, to be dismayed at being around 7p. End of year was clearly defined for news, and what news! - more than my expectations and its not over yet.

IJWT is very well informed and certainly adds clarity to the expectations. Firm hold for me and mu grandsons Junior ISA holding in ECO is now up 254% - his father is envious seeing as his Grandad picks the shares!!!!!!! Happy New Year everyone, first quarter will be interesting!

I should state that Martin bought 45,000 during the summer of 2025, but I want his christmas bonus to help too!!!!!!!!

Hxul, your top link is Chris Cox not Martin, and also all these purchases were 2024. All transactions are on the Serica website.

My point is now is the time to support the share price by the exec team, which Chris Cox has done.

As a private investor, with a fair amount of skin in the game, I have also added around the 170p level to the tune of a 100,000, so I stand by encouraging Martin to spend his christmas bonus!!

Time will tell if I have called it right, but the Prax and Spirit deals will eventually be reflected in the share price. Merry christmas to all holders including all the Serica workforce.

I can only applaud Chris Cox for purchasing shares with his own money recently and it would seem appropriate that Martin Copeland along with the rest of the Executive Leadership team, showed some support for their company, instead of free share issues as bonuses for doing their jobs. Between them they have 0.2% of shares in issue which is desultory compared to what Andrew Craven Walker held, nor what Andrew Austin holds in Kistos. I won't mention Mitch Flegg who received most of his holding as a free bonus for BKR.

Shareholders love it, the markets like it, so why do so few Exec's accumulate shares in their growing company and purely rely on company pension share plans. Its just a job says the "Institute of Directors" for which they are paid handsomely. I wonder if any of them could have achieved what ACW did, although I would say we are a different entity now.

Time you spent your christmas bonus Martin.

Yes, I am perplexed and can only think that market makers are testing, for buyers. Added again this morning.

Games being played at JOG in an even worse scenario, whilst ECO has rocketed.

My take only, but Seascape assets will come good. Time will tell.

Fully agree with the comments re integration, which takes time, but is not insurmountable.

We have come from being a small Exp company to a Producer in our own right over a relatively short duration. As someone mentioned re "the name above the door", I remember a lot of work colleagues swapping their BP overall's for Serica overalls when we were awarded the BKR.

All these new assets have incumbent personnel and I'm sure our Management teams experience garnered since then, will stand Serica in good stead going forward.

I have the golden touch - mm games methinks

With both NEO and SQZ gaining additional assets via M&A, the Buchan Horst may well be on the back burner until the demise of EPL. That would reflect a timeline which effects the sp to the downside. Yes their is inherent value but their doesn't seem to be a compelling argument for holding at the moment.

From a personal perspective its better holding SQZ at present.

Think you are both being unfair to the Offshore workforce.

Firstly the Triton is operated by Dana, not Serica, hence the hesitation. Secondly I am biased for having been part of the offshore workforce, which are not part of the Public Sector and rely on professionalism to ensure their workplace.

With regard to Serica's workforce, having worked on Bruce, Rhum, Erskine, for a lot of years both under BP and Serica - they are a pretty good representation of a dedicated workforce.