Member Info for MozzaBezza

My view, for what it's worth, is that it won't really make a lot of difference, because when they listed in November 2019 the Brent average price for thst month was $63.21.

I think that the oil price tanked and then basically no one would sell their assets until the oil price came back a bit, so I'm not convinced that there were many deals for them to jump on when the oil price was low.

In their initial interviews Helge did he said he thought it would be between 50-200m USD, but it may be that was what the institutions had agreed to initially.

Well the company are doing another presentation on the 17th Feb, so I would guess before then. Their last two wells on that field took 3-4 weeks, so really any day now we should expect news, IMO.

https://www.stockmarketwire.com/article/7193523/Serinus-Energy-will-be-presenting-via-the-Shares-and-AJ-Bell-investor-evening-webinar-on-17-February-2021-at-18-point-00-GMT.html

I hope so! With this wait, the initially advertised 3-5k bopd would be nice, but I think if there are these packages for sale, then they should push for them.

You can actually get a quote to sell 10,000 shares this morning, which makes a nice change of late!

I really doubt it, because:

1. That would have been in the prospectus at IPO.
2. The board aren't experts in that, so I can't see how they can add value in that setting.

Wind farms the future for LBE?

No, I just can't see this. There's been a good chunk of green energy related ramps applied to LBE in the last week or so on Twitter and it's just completely unwarranted, because the company have made it absolutely clear at every step of the way that they are looking at producing oil and gas assets.

You're probably right. It seemed to have started drifting up before he got onboard and then this tweet seemed to push it:

https://twitter.com/ProAIMTrader/status/1356981792234946560?s=19

That being said, the peak volume was only on the 4th, so who knows really?!

I think we basically got the Twitter ramp from Alexois 120 and that's why it was a short, move up followed by a crash back down. Just hot money churn, IMO, although I'd love to be proved wrong.

I believe he owns some CCAP, but I can't find anything to corroborate the £10k buying post.

https://twitter.com/John_Mahtani/status/1354062967474679808?s=19

He's talking about the rise in GBP/USD.

TBH, I think it has been a good day here. Paraguay is clearly the biggest inflection point here and I would imagine that with the rise in oil and gas prices that will provide an incentive to hurry that on.

They're aiming for singing a deal in Q1: "It is hoped to conclude matters before the end of Q1 2021" - late December RNS.

I think that on a farm out RNS we would easily see 3p here.

You say that, but frankly, on the day they listed brent was above $63, so I'm not necessarily convinced they'll have missed the oil price range they and the institutions were expecting at the initial IPO.

Additionally, I think a lot of the lack of any RTO here has simply been that for nearly a year very few M&A transactions were occurring, because a lot of firms weren't prepared to sell assets below certain levels.

I don't see that the oil price having gone up will necessarily present many issues to LBE.

Well, they've actually said that they're looking at primarily oil over gas, so I really can't see that.

"We're looking at both [oil and gas]. "We tend to end up with more oil assets - we see more upside in oil often, but we're also looking at gas assets." 7:33

https://www.youtube.com/watch?v=owdD8S3I5t0

Well, maybe that's the seller cleared now, because I can get a quote to sell ~17k shares at 71p in one hit. Considering that last week you couldn't get a quote to sell 20 shares, I guess there's either a big order or we've cleared them.

Let's get them out now. I've still got a little bit of firepower I can start picking up a little more stock with, but i'm in no hurry.

Yeah, I completely agree with that.

It's nice to see some form of appetite on the bid again - you can actually get a quote to sell 6250 shares at 73p, which considering you couldn't get a quote for anything at 69p first thing today is a decent move up.

I've bought a little more today. It's still NT on bid so that may well prove to be too early on my part, but I'm happy to keep gently adding more as the price drops.

We can dream! Fingers crossed!

That's odd. I was on there Thursday/Friday and it was fine.

I certainly hope so! We all deserve a jolly good rise here!