Member Info for Mommur

Serica has kindly put the gas price on its home page.

Sold half and bought back yesterday..... as Corporal Jones might say . some like it up em... figuratively speaking that could turn out to be myself !!!!!!

GLA - even though I agree with DNO that FPM management have been self serving, this broadside will surely make them look to their shareholders if they survive.

now, which is tantamount to teasing capitulation and accepting the DNO offer. In the hands of the larger shareholders but from my own perspective the two drills ongoing give meaning to not accepting. I certainly agree with DNO about FPM management giving scant regard to shareholders over the last 9 years. Now do I hold 130,000 or take half at 152p ????????????

could never see a Serica purchase myself, with Chrysaor having such deep pockets. I would much rather we sit back - consolidate and enter into meaningful discussions with BP over the Andrew Field and associated assets. It has a mid decade (2025) life. BP's Shearwater % is another jewel although I would expect Shell and RRE to pay top dollar for that one.

Good to ruminate whilst we accrue and we may be surprised with something from far left field.

Don't want to temper anyone's enthusiasm but drilling has not been a success for SQZ since Kabuna. On selling our Far East holdings we managed 5 dry holes and dissipated $100 million. So whilst we have a free carry on Rowallon, CoS is on the side of - risk!

Rhum R3 from memory was not completed for technical reasons - hydrate blockage springs to mind, so it may not be straightforward. Certainly the controls infrastructure was put in place this year.

I have a very substantial holding, so its sometimes wise to watch what might sneak up on you. Mr & Mrs Hardy holding will at some stage need to be managed as well as GRG if they decide to amortise some of there holdings.

That being said, I consider the purchase of another producing asset, the play in the medium term and an SP of £2.00 next year. All in my own considered opinion of course. GLA and may the enthusiasm be with you.

states he has offloaded 93% of his holding, so that's a few million sloshing around. Not surprising peops are taking profits - lets see where support line develops and I will take a few !!

peops, so sit back and let SQZ do its thing. I'm as guilty as anyone with taking 50,000 of the table at 135p, albeit I am still outrageously overweight. I took the opportunity to bolster my FPM holdings on the recent drop to 125p as the sparks are flying there. I do so love producing assets, no debt and momentum. With regard to momentum its still there with SQZ but a short pause whilst we release the first stage. GLA.

I would certainly like to see another II onboard and Mr & Mrs Hardys holding halved. it would make sense and its a few to many for me to soak up on the market!!
We also have Baronday with a substantial holding that will be offloaded at some stage whilst he goes for pastures new.
GLA and I just sense another purchase next year - it certainly takes CoS out of the equation when drilling.

I expect Mr & Mrs Hardy are also considering when to downsize there considerable holding as well as our largest shareholder. Next catalyst for me is Rowallon rather than BKR but all to the good and you never know if we have already spent some of the cash on the next purchase! Personally would like to see further II holdings going forward above 3% of course!

Must be lots of consideration going on within the DNO leadership team. Perfect storm with oil having tanked and a non commercial well. Short term set back in my opinion but very very tempting if you are cash rich and considering a bid. Would make a 200p offer carry in my own selfish opinion.

Watching brief here, as CLNR picked up the P2352 licence (22/24f & 22/25g) which appears to be a shrewd move considering all the work Maersk did on P2036 (preceding licence) that was relinguished. Report makes interesting reading. As ENi/Serica are immediately to the north with the Rowallon drill happening shortly, perhaps it may add some grist to the mill.

Can't say I am pleased with fall in SP, but my horizon is a tad longer than a couple of weeks. It just may act as a catalyst once Rungne results come in for DNO to act. Time will tell and I would opinion a 200p offer would be gratefully received by some, myself included.

With Tailwind Energy now onboard with 25% of Columbus and significant capital backing, I wonder how/if Endeavour will manage there 25% seeing as the UK assets are up for sale??

Sorry for getting us off track guys.

I see that peops are ruminating on the Irish prospects after Mitch comment, but my take is we have more interesting prospects UKCS based to come first.

Skerryvore Prospect is a front runner, as its been around a fair while now with Bridge/Parkmead assessing in 2012, then CLNR snapping up only to lose and now ourselves and Parkmead again entering the fray. Lot of work done on prospect.

On the other hand I recall us have $100 million in the bank after the sale of the Far East Assets with 4 or 5 dry holes following!! Perhaps we should prioritise snapping up existing discoveries from cash strapped companies?? Liberator ??

Not guilty of flooding the market with shares Dunder. I am guilty of offloading 25,000 to add to my FPM and ECO holdings I am actually looking forward to seeing the SQZ bank balance at the end of November !!

Now if I was in Mr & Mrs Hardys position I would be assessing if any Institutional Investors would like 5% at a discounted price and pocketing part of the £38 Million they have. That's a whole lot better than dumping on the market. GLA - still a serious hold for myself, but each to their own.

its all about perception when considering they are "as good as it gets" . I have been a long term holder since 2009 and have raged in the past at the focus on market capitalisation over share price. Having rose from 70p to over 200p and all the way back to 50p, the only winners has been the annual salaries these Directors have accrued along with options. it smacked of a private company. DNO have now stirred the pot and all talk is around an appreciation in share price over the coming couple of years. Love it - especially as I have a substantial holding.
Now SQZ Management firmly have my vote on "as good as it gets". GLA on a take out.

Must say I didn't consider this one, well done SQZ. I was wondering whether we would take on Chevrons 50% of Erskine, although I think we would have to compete with Chrysaor for that one.

Still a huge hold for me, simply as I have a considerable holding and as peops on here have pointed out, assets, no debt and momentum - GLA and enjoy the ride.

So, we have been shut in for quite a few months due to the 10" Pipeline from Lomond to N Everest fix and I wondered if someone more learned than myself can answer the following:

The 16" PIP from Erskine, would have had product within it on shut in. This would have been comingled condensate and gas. Has this been left to stand and cool off, or have they bullheaded the product back into either Lomond or Erskine reservoirs???

Pondering whilst I await start up

to empty my bottom drawer of 50,000 of these. They seem to be bouncing on my 50p empty mark. Probably regret it, as PMG is my only No debt/Producing Asset share not to deliver (SQZ/FPM) purely due to momentum.

Will see.

astute to add another 5000.