Member Info for Mommur

Interesting that we have a time period of around 2 months. It is perhaps an over estimate that brooks no delay upset and will be completed well within this time period. As the problem is production related, whether topside intervention to secure or remove the upper section or subsea intervention to secure / remove the lower section - the buttons will have been pressed.
Numerous caissons on North Sea Platforms have been drilled and pinned with support rigging attached to allow production to restart - so 2 months is a long period when Subsea 7 have already inspected the caisson to locate the defect and would be more than pleased to effect a repair.
Perhaps other maintenance has been brought forward, but lets hope for sooner rather than later.

Adding the FPM management in association with Tom Cross, would certainly require shareholders to be concerned re timeline for any appreciation in share price. Verging on a similarity to a private company for the last 5 years with a lot of long suffering shareholders - and FPM spent 10 years doing that. Chums playing to retirement is not whats needed.

Not wanting to be seen as negative, but Serica has not been exceptional with the drill bit. The last 5 holes were dry with one off Ireland non commercial. Then again, if you don't drill you don't hit paydirt and the 32nd round will probably add to our licences. Now whats happening with Namibia???

We have no Norwegian assets, so can't see dno being interested

Not a happy bunny seeing us drop back to the one twenties. Are we seeing a concerted effort to get another II onboard by the bloody minded market makers ?? Not SQZ fault but perhaps another missive allowing us all to see potential ex divi date - or am I missing something?? Where getting one - just don't know when.

One of the few E & P that has rewarded its LTH's, which will not only provide a dividend but act as a catalyst for the share price, which should re adjust to a higher level baseline and give additional reward. My tortoise has far outstripped my hares (ECO and i3e) which have stalled at the last hurdle.
As Mr Hardy has not taken some profits in the last year, its somewhat perplexing that a Midlands businessman did not reward himself and shrewdly take of the table his initial purchase to derisk somewhat. I did myself at 141p - although mostly repurchased at sub 110p!! Perhaps some derisking after dividend taken, but time will tell.
I will also keep an eye on HOT and DIVI, OIT and several other investment trusts, re purchase for dividend.

Do see us north of 140p prior to April so lets hope 2020 goes in a similar vein and we maintain SP whilst concentrating on Columbus, R3 and North Eigg. Icing on the cake would be to find out that Namibia was farmed out, although I think we will be disappointed. GLA

Not that I am disgruntled, but offloaded my PMG in the mid fifties a fair while ago with the exception of around 12,000 shares. It depends on your timeframe, or whether you didn't average down, how you feel about PMG.
Having been part of the decade long FPM episode, where the company was run as more or less a private enterprise to the detriment of shareholders, PMG has all the characteristics, so going forward it will do to watch MC against SP as it now seems much like a family business. Sincerely hope it all comes good for you all, especially peops nursing losses.

Keep the faith upomega, I'm just out of the fifties and I'm also frustrated. I felt we could of at least maintained the 130 level due to BKR uplift, so puzzled somewhat. No real sell off of shares and heavy buying, along with myself if we plumb 110p level again.
Andrew was my perceived purchase for SQZ, so more than miffed that its gone to Premier - especially as debt came into play. I'm personally not to sure on an asset purchase this year, with Columbus imminent with associated costs and R3 well later in the year. Lets see what April brings and whether a farm out has been successful in Namibia - if not we need some good news to counter any relinquishment. I've held a substantial holding for over a year whilst watching my Investment Trusts of a similar value increasing by 18% overall. Still better than my holding in i3e !!

Its not so strange that a number of us on here are holding a fair amount of stock. Initial purchase for me was circa 36p with averaging down at 24p and subsequently 12p. Two bites of the cherry and nursing a 40k loss - reminds me somewhat of nursing a 60k loss on Serica Energy when they were sat at 5p - which finally paid of handsomely. You pays your money..... as after all it did look risked on the positive side. Perhaps a double whammy for me if SQZ farm in - one way or another !!!

Well that rubbed my face in it this morning. Having speculated an Andrew purchase by Serica the rugs been firmly pulled. Peops mentioning Zennor, add Verus as well, but perhaps we are now back to the drill bit.

Serica jointly own the Rhum Field with IOC, but not in control of the locked revenue for IOC and have no avenue to assist in the matter, nor should they. I'm also a long term investor with over 750,000 shares and hardly enamoured with the situation, but Rhum is a political pawn and I am far from happy that "open season" has just been declared against heads of state by our "best friend" over the pond.

I'd be guessing Sasa, but have enough skin in the game, that 2p ps would be most welcome ! That would keep us in the realms of a growth share. Then again an acquisition and forego the divi ?

All quiet re Namibia licences, so news will probably be forthcoming with results later in year. Brinkmanship re drills, so don't hold much hope and am erring towards relinquishment. Some good news to counteract and give some momentum would be welcome on the acquisition trail. Latest 32nd Licencing round may be revealing , or perhaps a drill on the new Out of Round, coinciding with R3 Well. Columbus should also be underway. Oh an not forgetting accruing wealth along the way and the possibility of leaving Aim and a dividend - whats not to like.

Love the compound on this one

Unfortunately I can see dilution coming, which the market no doubt perceives. Only being objective here guys, no hidden agenda, especially as I am sitting on a £40k loss. Been a rollercoaster and now have way to many. Right off against Serica profits - but bottom drawer now.

Nice of our major holder to purchase holdings for his children just prior to Brexit results. No brainer, added to my holding and good to see us reaching new highs

Its pretty self evident that macro events such as Nord2 and LNG supplies coming to fruition have a bearing on gas prices. it does not however take into consideration political events, such as how our government protects its own home supplies.
No concerns here, rather the opposite as our Management is extremely knowledgeable and is aware it needs to balance its supplies. Andrew or Etap, take your pick, BP still has a 5% holding, and in my opinion is looking after its workforce whilst divesting of old assets. BKR now bedded in - perhaps news this year.

Stop bickering guys and await news.

I sincerely hope he has done better than most of us !! My play money whilst awaiting SQZ dormancy to end, has led to a large holding, which even when purchasing at 36p and then averaging down, leaves no profit to add to my Serica holdings.
Feel good that you missed that one!!
Apologies for sidetrack, getting back to Serica, the next news will be either a drill in Namibia next year or probable relinquishment of Licence. Now if only BP would come back to the table.

Having been a long term holder of Faroes Petroleum for over a decade, I have to say this management team increased the Company market capital fourfold over the period. Much to the dismay of shareholders, Institutional and Private, the share price languished and gave a pretty poor return even on DNO 160p buy out. Trading the shares gave a much better return, having reached 200p plus twice and plumbed the depths of 50p/70p twice. The Directors (the same) treated FPM more or less as a private company, receiving generous salaries with an increasing SP not on there event horizon. No wonder the II's bailed eventually and the company went for a song. Rant Over - once bitten - not for me

Lets forget about i3 Energy, I'm taking a hit on my holding and its been a sorry state of affairs. Up 25k down 25k twice. Another Aim lesson. Andrew or ETAP for me, lets see what Santa brings. GLA.