Member Info for Mommur

I would like to think the 4.5 billion left after the Alaskan sale, includes a morsel for ourselves. After all you need to look after your workforce and what better way than to reside within Serica.

Taking Rhum continuance as a given, would be nice to see a Namibia farmout the reason, with a 25% free carry. GLA

Doubled up here in the full knowledge that its going to be painful if the Serenity Well doesn't come in. With an average around 30p, my own dilema is whether to increase my holding further at what now appears a soggy bottom for any increase pre drill. I am still deliberating as it may well be that we will sit at this price till drill results.

Sterling performance from sub 110p, which typifies Aim and the MM's when the fundamentals have not changed one iota. Tomorrow should give us surprises only on the upside. Well done fellow Stalwarts. So no more Oil Licences in Ireland, only Gas - perhaps there is still life in our Irish Prospects after all this time. Would like to hear something about Namibia tomorrow as December is decision time on the Licence. R3 inspection all went well, I've been told, so news on that front re Rig intervention should be forthcoming. GLA.

Nice to see a gradual rise into the results for us few stalwarts here that recognise a sleeping dragon. I don't post very often but do regularly review posts whilst deliberating on my next stance. Agree re subjective Sasa and concur we have legs here. Nice to see that NewKOTB and yourself Sasa are overweight here - its been a long year, but my fruit tree's crop once a year. Keep the faith as I only see good things in play

For several weeks now we seem to find market makers lowering the offer price to encourage buying, with a recovery towards the end of the day. Encouraging that we have now recovered from sub 110p prior to results and added myself whilst we plumbed the lows.
I'm at a loss as to why we don't have additional II's onboard, I look at MINI that had both RRE and i3e as part of its portfolio and only HOT having some SQZ. I have the advantage of being here since 2009 and accumulating a significant holding with an average of 14p, not as big as Mr Hardy or Barondays, but was verging on 0.5% before top slicing. I'm looking forward to R3 drill in Q1 and Columbus preparation whilst BP organise there next sale. Strangely enough whilst awaiting the next uplift ECO has kept me delighted and i3e has disappointed so far - best to run your winners.

in the garden. Lots of discourse on here that I have followed with interest, but ultimately with due consideration I have doubled my holding. I should say its not been as painful for me as others as I piled in at 36/37p, but still sitting on a five figure loss. Drilling holes is never sure fired and I'm sure i3e are just as disappointed as us PI's. Huge volume of turnover, so lets see what next week brings - its not as if the shares are not being bought.

Still hanging in here Mary, its perhaps a long 3 year horizon but I can't fault your tenacity. I do occasionally look in having kept a token 12,000 shares in PMG after I capitulated with my main holding. Now underwater at 47p a share purchase a while back.
GPA being the main building block I just can't see a reversal and only dilution WOS. Into bed with Serica on the joint licence would perhaps tick a few boxes. GLA

Good to see other peops, nomadicinvestor, Olderandwiser, that have separated the wheat from the chaff. Top sliced my holding in ECO today from IPO and have a significant holding here, which I may well add to. In a similar fashion to ECO, someone will be running the slide rule over i3e if Phase 1 pilot confirms resource. Think they will need a bigger office than what they have on Westhill Campus at the moment as this has a good feel.

All I can say is Dicks 2000 purchase did more than my 50,000 purchase!! Lets not forget that at these levels on am moderate timeline its a no brainer. Happy to keep my sporty side happy with ECO and i3e, whilst awaiting this tortoise to beat the pants off them. My only dilemma is when to make a 3 horse race into a 1 horse race, Or will SQZ bid for i3e on completion of first drill , hmmmm.

intimates in purely my own opinion, a rationale reason to accumulate, with another 50,000 sub 110p. I have heard nothing to the contrary that R3 investigation was not a success and look forward to a Rig intervention early next year. With cash accumulating and Columbus getting ever nearer it all bodes well. I can wait patiently for another producing asset. With BP wanting to offload another 10 billion of assets perhaps BP Andrew will come our way.

for myself now, as took the opportunity to add a further large tranche sub 110p - would like to think all LTH have either added during this retracement or held. For what its worth - hold and wait for the tortoise to win the race. I would expect news will be forthcoming on the recent R3 well shortly, which will hopefully de risk the Q1/20 rig intervention - perhaps by that time we will see a recovery in the gas price to coincide with the additional 10% BKR. GLA.

You guys sure the large transaction was in fact a sell? It wasn't me by the way. I note on HL its down as a buy and a sell on here. I don't think the comment re tomorrow was anything other than pointing out which way we are trending.

The Hardy's holding has always peeked my interest, as to why having been amply rewarded, they have not top sliced to a certain extent. Perhaps a personal tax bill somewhat like Woodford possibly. Needless to say my holding in WPCT has been decimated!

I've also taken some off the table around our highs but happy to re-accumulate at these levels as the business model is still sound, albeit an oil/gas balance is required next

Having reached my own bottom, I have added a further 30,000 shares this morning sub 110p. As a long term holder in SQZ, its a compelling buy for myself and will continue to add.

With regard to Rhum R3, re entry requires a drill rig which is scheduled for Q1 20. As has been previously posted their was a hydrate issue that meant the well was never brought on line, so I would expect the Inspection scheduled for August is going to check the functionality of the R3 tree valves. Any Rig intervention needs the Swab and Production Master Valves to be operable, so makes sense to check prior to rig arrival at a lower cost.

Funding was in process, so as you say simples. All an irrelevance as peops on here have recognised the potential.

Not wanting to damp down the enthusiasm, but bargain price was at 37p.

We are now entering strange territory and close to my own personal "add" price of 110p. As a "cash rich" company and no placing over the last several months I did not expect us to plumb these depths again. No huge selling, just a steady mark down. Lets hope for some interest at these levels to accumulate.
If any deal in the offing I would expect Oil not Gas to be at the forefront and operatorship. Erskine,Bruce, Rhum, Keith - I would expect a continuance of transfer of assets to a prefferred operator (Serica). Thinking out of the box Endeavours assets are still for sale, but no operatorship - I like the look of i3e providing the drill bit proves Phase 1 of the Liberator and they could be snapped up. Who knows.

I have a significant holding here, which is acting as a drag but happy to bump along whilst the company is accruing cash

I'm surmising a number of Placing participants have been here since the 20p days like myself and are simply balancing their risk reward. Disappointing that we are now 15% ish below the placing price but the company has its cash. Whether to put some more skin in the game, is how you feel on CoS and where the SP would go on first drill results.

I'm surmising a number of Placing participants have been here since the 20p days like myself and are simply balancing their risk reward. Disappointing that we are now 15% ish below the placing price but the company has its cash. Whether to put some more skin in the game, is how you feel on CoS and where the SP would go on first drill results.