Member Info for Mommur

Disagree with that somewhat. We rose to 180p on the back of the Prax purchase and a projected sp of 230p from certain brokers.

Nothing has changed for Serica, with Belinda and move to main market still on the cards for early 2026.

Overdone in my opinion but looking forward to a successful 2026.

I'm not happy - my timing was exquisite!! - May have to add my other half of dividend!!

My take for what its worth, is that cash on hand is better invested to profit future profits in 2026 onwards.

Our albatross is only clumsy on land, perhaps its time for her to soar.

Well, glad I held off re investing my dividend. Thats half reinvested with another 10,000 for me this morning. You all can imagine my distain for this government.

NewK, This outage was known on the 10th September update from Serica.

Mr & Mrs Hardy will not be happy if this lot, punish business with dividend tax increases. Basic rate of 8.75% up to £50,270.00 (total taxable income) and 33.75% higher, will target small businesses as well as fat cats.

Perhaps that's why the likes of SQZ and ITH with high yields are feeling the pain today, along with no change to EPL seeing as the OBR have downgraded any growth for the rest of this parliament.

Bags packed - Mauritius beckons for my retirement

Duncan, none of us can offer advice, with regard to when to buy particular shares. One of the principal advantages of moving to the Main Market is access to a broader pool of investors - their is plenty online that covers this that you can read.

I can only suggest as an inexperienced investor, you consider collective funds, prior to individual shares. i certainly have a considerable holding in Investment Trusts besides my large holding in Serica.

Markets becoming volatile, oil price going lower, LNG over supply coming closer, no EPL change, Rachel Reeves & Ed Milliband to contend with.

Do I think Serica is a good investment - yes for myself, but i accept the risks that go with it. Good luck with your investments and accept losers as well as winners.

Quite agree and when we go to the main market in the new year, I expect we will see the benefit.

It was noticeable yesterday that JOG was in demand, rising 2.49% in a falling market, just perhaps because the have no production. Buchan Horst just needs agreement between Serica and Neo, when to develop but is reliant on what happens to EPL - and if an FPSO is still available!! Pity we didn't buy them out a year ago at 50p.

You could consider dividend re investment today or next week providing your conviction on oil / gas prices going forward is $60+ range for Brent and not below for very long. Is that a gamble or consideration of groans from the permian basin and indeed OPEC??? Bizarrely if you raised the price of oil drastically - would we use less?? Above my pay scale.

With regard to Serica, our enlarged size looks like requiring a Semi Sub Drill Rig before long:

P2350 Wagtail discovery - we have until Aug 26 before licence expires (cost us £0.5mill)

Bruce Infill - scheduled already

Skerryvore We have till Mar 27 (another £3mill to pay in March)

Glendronach Development and Tormore infill

Belinda works seem to be progressing well, with it coming online in Q1/26 and we have main market to look forward to.

Lots to look forward to, have a good weekend all

Concur - a very good post.

Ithaca Tobermory discovery (50%) buy in is around 100km NE of the Laggan pipeline whilst Rosebank (20%) is only 50km away with 44mcf per day to route somewhere. Serica N Uist prospect makes it even more interesting.

Added myself and may well continue as Kistos is a compelling case. Serica/Kistos merger would suit me fine - but thats me being greedy!"!

Fully agree with you dcarn with regard to GLA gas export line to Sullom Voe.

There is another gas pipeline west of shetland, that takes gas from Schiehallion/Loyal that is also routed to Sullom Voe with exports from Clair attached. Its presently enriched and re exported to |Magnus in a seperate pipeline for re injection to aid oil recovery. NSTA maps define the rascals.

Lets hope any new finds are closer to our export route - certainly Rosebank looks a candidate if it has gas as well as oil.

ACW was successful with Monument Oil and Serica Energy and was the main reason I invested in Serica Energy. It made sense to follow a successful management team but boy was it a seat of the pants journey from 60p in 2009, to 4p in 2015. The rest is the history of building what we have now.

I expect that ACW still has his holding, being under 3% now after Mercuria and is appalled at what both the Conservatives and Labour have done to our Oil Industry.

Lets be honest GBE is the likes of Serica Energy - not what we have.

I'm guessing you are talking about whether Serica is going to be the Exploration Operator of the licence that includes Wagtail - its between us and Dana with the required track record - hopefully us.

With regard to a production licence operator that would be Dana at present with regard to Triton, unless they let us take over.

Not to sure what they mean by an "initial consideration" for the 40% - ambiguous or what??????

If they don't relax exploration, this is a good positive move, buying in to an existing licence close (ish) to the Triton area.

The news keeps coming.

Odfjell Technology extends Master Service Agreement for additional 2-years with Serica

Its not that patience has been lost, rather the rise from 17p (myself) that led to taking profits at 81p. I'm sure other folks are doing the same whilst this hiatus carries on. Holding back reinvesting at present, another 10% off by the market makers will either trigger sells or regain interest.

Take a look at ECO if you want to see patience needed - my other pure exp co.

Now they are in administration it will be interesting to see if the Net Zero Zealot spins a web. Was expecting a Semisub via Petrofac for Bruce/Kyle to be advised for a 2 year operation starting in H4/26 come the new year, so as mentioned, new overalls will mean some M&A for the UK assets.

Lots of news coming H1/26 - Kyle FID, Move to Main Market, Belinda online.

All good.

Would any politician have kept their hands out of the sweetie jar??? Taking aside the self harm by emptying the kitty bank, rightly or wrongly due to covid, the ability to apply a wealth tax to our home produced oil and gas, that didn't effect inflation and was sold to joe public as a rightful robbery was hard to resist when you had massive debts.

You couldn't apply to Banks & Armaments Companies as they would quite rightly just passed on the costs. Oh by the way Mr Prime Minister, your nuclear sub is now not 2 billion but 3 billion!!!!!!

The greatest disgrace is not removing, regardless of needing to find money somewhere.

Greta British Energy !!!!!!!!!! Sincerely hope Mr Milliband is watching.

Seems the oil price has had an influence on our sp over and above the flare issue.

Notwithstanding I am tremendously pleased with Triton finally back up and running.

I offloaded 20,000 shares on the flare news at 193p and have since bought back on news of Culzean, so I agree with Denziiil in that we have yet to see any contribution.

Scratching my head as to why we are not seeing a wall of buying - perhaps to close to ex divi??????? Now if I was a tracker - now is the time pre main market to acquire - if they can that is.