Member Info for Mommur

Think you are all being a trifle harsh with regard to maintenance on the Triton.

The industry is tightly governed what with Class certification, IMO codes and Statutory Regulations, Third Party Audits and a Code of Practice for the Initial and Periodic Examination, Testing and Certification of Plant.

The FPSO will have a Planned Maintenance System they utilise similar to TM Master that the Technicians abide by detailing certification etc and progressing works.

Any HSE Audit would review completed, ongoing and upcoming works.

The Triton would maintain critical spares and without doubt will have a FMEA / FMECA in place considering fasilure modes and their effects.

I am as unhappy as anyone with this latest setback but these guys offshore take responsibility and issues/repairs/solutions are reported back on a daily basis.

Yes up by 25% but bought mine over 2 years ago around the 550p level, so 12% pa. Not to be sneezed at and long may ity continue.

If Hammerhead is a golden hello for any farminee, surely one of the majors or even mid players would consider a drill ready prospect in the cretaceous. As mentioned before Amatuk is in 70m of water, not requiring a deepwater semisub. I would dearly love for SQZ with its second half fcf to run its slide rule over this as an oversea's opportunity, although I expect one of the majors is sitting on the sidelines waiting.

It would not make sense for this licence to expire - the wall of silence may well be our Directors on the cusp of a deal - my take on it.

Holding a fair tranche of shares in ECO myself, my grandson is a now the proud owner of a few shares. His timeline is a tad longer than mine having waited since 2019 myself.

Now do I add another 200k or add to SEA which has done handsomely since the sub 20p days. Or add to both - or not - arghh investing!!

Sos 700,000.

Sitting on my hands James. Around 800,000 trades at present according to HL, so someones buying/selling.

Clever market makers????

Unfortunately it is very difficult for doctrine to change. Our share price along with others is reacting to the flow of news concerning north sea oil and possible expectations re EPL.

It matters not a whit that this is a democratic country and that the wishes of the people should be heard. Now thats a laugh !!

Off track , so apologies, main market soon and an additional dividend. Would dearly love Serica to run the slide rule over ECO and SEA .

May 23 until now 320-365p (adjusted). Not sparkling but better than RCP.

MNKS, SMT, HRI, FCSS and FSV have all done handsomely over the same period for me.

Just perhaps CLDN will have its day over a 5-10 year period - lets see.

Nothing new - not even a snippet. That does wonders for the sp, albeit all to play for.

The likes of Total, Bp, etc are big find players and have a cut off for commerciality. Takes me back to 2011-2013 with PEL47 in Namibia with Bp buying in to Serica' licences. After the 3D Seismic Bp decided to pull out as no "giant" prospects were found in the Luderitz basin licences. Painful for me at the time, but Bp compensated Serica with some North Sea assets which did wonders for the share price from 4p!!

If only a few of the prospects on Orinduik come good, accumulatively they give credence to this licence - now is their a cretaceous prospect in 70m of water for a jack Up!!

As Operator, Eco Orinduik elected to enter the Second Phase of the Second Renewal Period of the license, effective January 14, 2024, committing to drill one Cretaceous-targeted exploration well before the license expires on January 13, 2026. (circa $55 million)

I like the word committed - that part of the company is bust if we don't.

Been in the bottom drawer since 2018 after selling half at 161p in 2019. Been a while, albeit at a handsome profit.

Added considerably in the 8-9p range and now thinking I was a tad early as we are back where we started bumping along the bottom.

Been a bit of a bridesmaid investment but having caught the posie willing to wait for a January wedding.

Crazy, hate to say the obvious, but having languishing at 120p for months was a great opportunity at the start of April.

Nevertheless I hope peops keep buying as we are still undervalued.

Not to sure if todays rise is due to dividend reinvestment. On news of a 10p divi, the share price was around 120p at the start of April. Seemed sensible for myself to pre invest some of my dividend then knowing it was coming. Perhaps lots of other folks did the same raising the sp off the bottom.

Sitting on my hands personally with my dividend even though I consider Serica still undervalued.

Main market is getting closer - just perhaps early birds taking positions of their income funds/trusts.

Discussions re Lancaster Field - stop spoiling dividend day, Hurricane Energy was painful!!!

I admire the constant news being delivered by management, with a touch of trepidation as news of studies and feasibilities plus MOU's whilst building blocks don't make the penny drop for me until we have concrete undertakings and down payments in place.

At the moment this is a traders delight, especially if you piled in at 1.7p - only for the brave with regards to substantial holdings. GL.

Been a concern of mine that this licence would lapse, which a year ago seemed doubtful, especially with the Hammerhead overlap. Hopefully now the Hess situation is completed our fears may be abated.

Tullow were due to drill the Amatuk Prospect before the licence lapsed - less than 100m water depth, so perhaps a Jack Up Drill rig becomes an option, being significantly cheaper than a semisub deepwater rig, which gives the required exp well. Money raise??

Can't fault your enthusiasm, been waiting a fair while myself and doubled my holding in the 8-9p band. Long time from my original investment at 19p along with selling half my holding at 163p. Just perhaps.

My other exp company, Seascape is on an upward trajectory - its time ECO.

Been wondering why Serica didn't snap this up since 20p Deeko. Their loss so far.

In the same position Ripley at 57p. Luckily only 5000 shares but yet another Questor tip, similar to Tirupati Graphite that was dumb.

Will leave my Smaller Co Investment Trusts to pick from now on - they are doing particularly well at present.

No doubt going private will provide a steady income for the owners!!