The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Like Velo I found SLP through Stockopedia's screens. For me its a really useful site, well worth the money although maybe worth waiting for the sales to subscribe if your unsure about it.
Also subscribe to IC but don't have the alpha package.
I paid full price when I bought a few more earlier (on IG), didn't see any point messing about holding out for a very slightly cheaper price.
Average is now up to 25p from when I bought in at 15p.
No RNS but it is on the Galliford Try news section of the website.
London — Romanian gas producer Serinus Energy hopes to find a gas field similar to its producing Moftinu field through a new drilling campaign, with the Sancrai-1 exploration well due to spud next month, CEO Jeffrey Auld told S&P Global Platts May 13.
"We have six well locations we've laid out for the next series of wells," Auld said. "We'll determine when those get drilled based on the results out of Sancrai."
Auld said its approach to the Romanian gas business was a "cookie-cutter" strategy, to "do Moftinu over and over again."
"We've always said that Romania has many Moftinu look-a-likes. The real success of the business is when we can start parallel-pathing one or two of these at the same time," he said.
Auld further said a discovery at Sancrai-1 could be relatively easily monetized. "It's low capital cost, it's shallow gas, and we have a gas processing plant already," he said.
"We have optionality now -- we can put early production through the Moftinu plant or we can build another one," he said.
In the first quarter of 2021, Serinus' gas production in Romania averaged 1,495 b/d of oil equivalent, down 14% year on year. It realized a gas price in the quarter of $5.98/Mcf and an operating netback in Romania of $26.23/boe.
"We have a very low lifting cost and production expense, so anything above about $15/b we're making cash. At $60-$65/b and $6-$6.50/Mcf gas prices in Romania, we have good revenues coming through," Auld said.
At the existing facilities at Moftinu, Serinus is also planning to add compression to the field as part of a natural evolution to keep pressure stable, he added.
Tunisia assets
In Tunisia, Serinus produced an average of 602 boe/d in Q1, but is hopeful it can boost output with the addition of the first artificial lift at the Sabria oil field.
"Putting some pumps in there should have a very material impact," Auld said.
Sabria has 445 million barrels of oil originally in place, of which less than 1% has been produced.
Tunisia was recently rocked by a decision of Shell to hand back its two producing offshore gas assets, while Austria's OMV also sold upstream assets there and Italy's Eni is reported to have quit the Tunisian upstream.
Auld said Serinus was focused on improving its existing asset performance in the North African country. "It's a difficult operating environment -- I think I am on my seventh energy minister in four and a half years," Auld said.
"It needs to look at how it incentivizes companies to be in the upstream industry," he said.
Auld also said the company would continue to eye assets for acquisition. "I am interested in what we can do with specific assets. We spend a lot of time looking at how we can grow organically and inorganically."
Construction firm Galliford Try has been awarded a £10 million ($14 million/€12 million) contract to build a new railway station in Perry Barr - which will be a key transport link at the Birmingham 2022 Commonwealth Games.
The station will be the closest to Alexander Stadium - the focal venue of the Games which will host the Opening and Closing Ceremonies and athletics.
From this month, the existing station - which is described as "dilapidated" - will be closed for a year to allow the work to take place.
New lifts and improved access will be created alongside a new station concourse and booking office.
It is part of a wider £500 million ($704 million/€581 million) regeneration of the Perry Barr area, which is seen as a key legacy benefit of Birmingham 2022.
"We are delighted to have been awarded this contract for Perry Barr station and look forward to creating a much-needed new facility for local people," said Simon Courtney, managing director for Galliford Try Building West Midlands.
"This award follows fast on the heels of our recent success at Wolverhampton Interchange, and we will look to build on our reputation for providing high-quality station solutions to the rail sector."
Malcolm Holmes, the director of rail for Transport for West Midlands, added: "The new Perry Barr station will be a vast improvement on what was there before and will provide a much better environment for passengers, including the future residents of the thousands of homes currently under construction in the area.
"It is vital that we have a contractor with Galliford Try's experience and track record on board for such a landmark project."
Birmingham City Council granted approval for the station revamp in February after a previous design was widely criticised.
An artist's impression showed a grey box design which one person said looked like "something my eight-year-old has done in Minecraft".
A new design was presented and approved but this has not been immune from criticism, with Councillor Mike Ward describing it as a "high quality garden shed".
According to the Birmingham Mail, Councillor Gareth Ward said: "Given that this is going to be a flagship station because of the Commonwealth Games, I think it's rather disappointing that we haven't gone all out on the design."
As well as rail, major improvements to the road network in Perry Barr are also due to be completed before Birmingham 2022.
The Perry Barr flyover, near to Alexander Stadium, was brought down in February 2020 and will be replaced by a dual carriageway.
It is hoped that transport links will be "future-proofed" in preparation for new homes which will be built after the Commonwealth Games.
The West Midlands Metro tram service is also being significantly upgraded.
Birmingham 2022 is due to run between July 28 and August 8 next year.
I expected a little drop as the dust settles but don't see it at 20p again given the figures we've just been given.
Worse case 23/24p is about as low as I see it going myself but given its a share thats being talked about now I don't think we have to wait for an RNS every time for a bit of positive movement + as Cristalball states the tug of war is going to make things interesting along the way.
Hope you made what you wanted, long way to go with this one, don't think anyone was expecting instant heights based on this news and RNS just that its going in the right direction. I too expect it to settle although topped up anyway and screwed my average up a little.
Still a long termer for but one I see paying off.
Also with IG and got mine on 09/04
Housings a diff ball game, bit more volatile in some ways but usually quicker rewards than bigger longer term single projects.
In general things are still a way off normal in construction, supplies aren't quite there yet in some areas.
Covid has hurt them, anyone whos worked on a Galliford site will tell you how OTT the H&S rules are so I can well imagine how strict the covid rules are being enforced compared to other construction outfits, because of that I can easily see how they ground to a halt at the start of lockdown.
In my view its valuation is hurt from the loss of income from housing + hurt from covid. Save your sanity and tuck the share away let them crack on publishing improved finances each term and with it will come a more accurate valuation from the market. Dividends will improve and so will the share price, just not tomorrow or the next day ....
If you want quicker returns maybe jump into Tharisa or Sylvania PGM's, still very cheap given the money they're starting to make, Obviously DYOR though.
I looked at it as a long term buy when I bought in, a 30p rise in a few months isn’t too shabby, it seems to have settled down a bit from it’s cycle of a 130 peak dropping back to 112 at least.
Div due today too if I remember right?
Anyway way if your after quick return’s I’d look elsewhere, Airlines will bounce back and you may make a few quid dipping in and out of the climbs/drops from volatile news on travel rules etc but again even with those its going to be a long time before they bounce back to the glory days and no divs either while you wait.
True but the problem with that is that people who don't post or are new OR just pop in for quick info (can't be arsed to DYOR) may read the deramping posts and think they got a point. Nobodies countering them (as they are just seeing the green boxes), all they have to do is sound semi plausible and job done.
Saves your sanity at least!