Member Info for Mommur

Hard not to get a sense of frustration Newk, but no appearance of concentrated buying and SQZ not overly communicative at the moment. I perhaps should have e mailed Mitch that BP shares were a steal sub 200p and we maybe could have reciprocated with a holding!! Fortunately my Investment trusts and recent BP share holding have all raced away, so I just quietly simmering over my largest holding - SQZ. When you least expect...….

Would temper your enthusiasm Flexmw, weather and complexity of task, would make it extremely unlikely we will see a successful result pre Christmas. Personally I'm of the opinion early Q1 and my cups half full!!

Now I didn't put a timeline on "a tad longer" and was purely inviting debate!! As I am way way long, a week would be a delight for me. Newk, yep all relevant info.
Now as Namibia was put on hold due to covid - are we waving bye bye to it???

I did think a few years ago, Baronday divesting most of his holding was premature, with what we had in the pipeline and amazed that serious money didn't aquire shares in March/April this year. I still don't quite understand Mr Hardy, who to all accounts is a Midlands small company owner, still having an 11% holding and has not relinquished any shares at all. Even through covid. I can understand GRG and BP considering this a long term holding but maybe not to far out - post BKR.
Fair amount of capex to be spent shortly, so perhaps that is holding back the SP. Columbus another £14m next year, £5m to Total in December, R3 drill £11m and if successful another £16m to BP 90 days afterwards. Eyewatering figures, so lets hope gas sustains or increases its price - acquiring another asset may just be a tad longer.

I could give you 750,000 reasons why I am unhappy with SQZ at this precise moment!!!!!!!!!

Well put together Dick, your correct in that I ended up with 10,000 shares in JOG on conversion., but bailed prior to Statoil - you can't win them all.

Good for peop's to realise some of the time frames required and averaging down needed to multibag

Keep smiling Dick, I still occasionally look in on JOG and read your informative posts. Remember well the XEL debacle, I suffered similar pain with a little company called Trap Oil taking a £75k hit. Luckily I was busy amassing a considerable number of SQZ which I believe you still hold. With regard to Directors pay, I waxed lyrical about the considerable sums Faroes Petroleum were paying during the 10 years I held their shares. Shameful disregard to share price over MC and they now come back to the market as LBE - buyer beware!! Whilst major operators are fast disappearing, perhaps at the right farm in price and operatorship, a second tier company with cash may see JOG at the table - GLA anyway.

Its only time Newk, building blocks are in place and R3 and Columbus firelighters are in your grate. None of our II's have bailed and completion of BKR is just over the horizon. Just look at the debacle going on with the likes of PMO,ENQ, i3e, HUR, to name a few. Money in the bank, I am happy with presently. Keep the faith.

6. Mommur filling his boots with SQZ under a 100p !!

Back to square one with the 50,000 I added - greed made me hang on for 130p rather than 120p. Well thats my trading shares tied up until the next upward trend. Understand that this second phase of covid has pushed the timeline out, but its boring accumulating BP shares at the moment. Our problem is a lot of the M&A is for large opportunities, whereas we just need something in our price bracket - at the right price!! When Baronday bailed, I thought he was a tad early but hasn't time marched on.

We are at the vagaries of the market I'm afraid - any readjustment of the portfolio will hurt, plus growth is starting at a pretty low starting point after losing over 40% of the SP. Another £8k lost to the ether.

Bought 3 tranches of BP myself, reinvested my dividends from SQZ - into SQZ, see no reason to lose confidence as we have held up well. BP still a long term shareholder in our company and see no reason for that to disappear prior to BKR deal completion. R3 Well soon - lets trust they have taken due diligence with the removing of any wireline junk / condensate and we get a successful completion - this will perhaps ignite our SP.

Having bought a tranche through primary bid, its a trifle galling to be supporting with further purchases at this depressed price. Additional SQZ and BP purchases will probably support this mess

Sold half at 161p and kept 30,000 shares - selling half was a wise move - keeping half was a stupid move - in hindsight of course. It has allowed me to put the proceeds into SQZ mind!!

at the moment. I maybe give folks to much acumen, but anyone that thought a 45 day outage would not effect our H1 results had a very murky crystal ball. Added myself again when we dropped below 100p, happy to assist a new baseline here. I'll now go ack to using my HUR and i3e shares as wallpaper!!!!!

Now that's one way of getting me to reinvest my dividend.

Its partly due to investing in Unquoted and Aim shares, with associated liquidity issues. Not a cause for concern in my opinion, although around 23% is more the norm.
LTH for me for around 15 years and I have no complaints and accumulate as of recently on drops.
2010 - £10
2015- £20
2020 - lets see

If anyone's interested the Total E & P Relinquishment Reports P2216 and P1755 are on the OGA website

Jack1988, I'm a glutton for punishment and bought into BP this week - at the bottom I hope!! Now if I can only get them to part with some or all of ETAP. GLA

Interesting that Diverse Investment Trust (DIVI) has yesterday purchased 7.25% of I3 Energy - on the premise that it will pay a dividend. The Trust has a large AIM contingent and pays income - another of my core holdings - but only HOT has a significant holding of SQZ. Having lost my b**kside on i3e and holding with a significant loss, lets hope Serica confirm ongoing dividends - especially as I have spent my last one!!!!!!