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Https://twitter.com/Chariot_Energy

"Waldorf Production is considering a potential sale, people with knowledge of the matter said, having seen its growth ambitions crimped by a UK levy on energy profits.."

Given the numerous synergies involved here, maybe this is yet another M&A on SQZ 'to do' list.

aimo & dyor

Mitch's response to acquisitions :

https://youtu.be/gKXA9Fkmg3A?si=jlV9s4ma2640E1XN&t=1922

Friday is always a good strategic choice of day to release favourable news, just saying !

aimo & dyor.

"The epl is not currently part of the review, submissions from the industry are due by 11/09/23...."

Well, imo that makes a total mockery of the review as EPL is here until 2028 (unless its not !), one goes hand in hand with the other.

aimo & dyor

Forgot to add, that's great news for all those indebted O&G ... Oh wait a second, we have NO DEBT !!

"What time do we hear for the BoE decision?.."

Rates held : NO CHANGE

"Its Monetary Policy Committee voted by a narrow margin of 5-4 to keep its "base rate" at 5.25%."

Xel,

"We were £2.57 at one point (03/01/2011).."

Oh, the good old days with Mr 10k. See that Namibia is expected to announce the biggest ever off-shore deep water find, pity it wasn't us that found the elephant, or have we, with possible 7Tcf !!!

aimo & dyor

Gooner,

Re ORCA, The rise in not important (as the actress said to the Bishop), it's the fact ORCA issued RNS on HoA. In other words, keeping the market (PI's) informed and removing certain amount of risk. The CHAR story would naturally grow from there, one would hope bringing in more sticky investors with the view to first gas, which imo would be fast-tracked.

aimo & dyor

ORCA up ~450% on just HoA RNS in a week.

Think we should issue one once down to final choice for exclusivity period then await official completion of farm-in RNS

aimo & dyor

Sunak also mentioned "putting long term interest of the country first" ..... think we could look forward to amendment of EPL with a little more confidence.

Muckle,

No reason why not both !! Although CHAR would be just a farm-in to Anchios imo however, PRD could easily be full t/o.

One thing is for sure, SQZ are getting closer to another deal day by day, wherever that may be.

atb

aimo & dyor

Although the eagle-eyed here would have already picked this up early in Jan, just after the TW deal was announced. Not only do SQZ have an eye on Europe but also North Africa too .... Time for CHAR anyone !

"We still have cash, and we will have more from the enhanced portfolio going forward so we are in a good position to make more deals, he said. Serica will focus on opportunities in other European countries and possibly North Africa, he added.."

https://www.oedigital.com/news/501969-serica-pushes-for-expansion-beyond-uk-north-sea-after-tailwind-deal

aimo & dyor

A comment made by Mitch, as I reported on during yesterday's Q&A session, now picked up by media :

Serica Energy is in discussions over several deals in Norway and Europe, as CEO Mitch Flegg lamented a “lack of opportunity” in the North Sea as a result of the windfall tax.

HR, no confusion here afaic. atb

Strong opening ... hummm !

Although interestingly, Blackrock added the day prior to results, guess they were surprised by yesterdays SP action too.

Date on which the threshold was crossed or reached : 18/09/2023

Yes, If I recall, they did reduce holding, but that was just before or maybe due to the added dilution for the TW deal, which makes this latest increase in holding RNS a little more interesting, given it's >5% now of the expanded share base.

Would need to look back on my records to check it fully, that said, the pure fact Blackrock see fit to add at this point should be noted.

aimo & dyor

Https://twitter.com/hashtag/SQZ?src=hashtag_click

Can't believe I'm saying this, but great close ! Ensured we re-entered the rising channel, although we are sat right on the support atm. Tomorrow is crucial, let's hope those analysts get their reports into the right hands.

aimo & dyor

Great close, +8.07%