Member Info for NewKOTB

Yep, AA will be looking to sell Kistos soon imo at significant return of circa 500 - 1000% to recent IPO . That’s the result of having your own skin in the game. That’s on top of his performance at RRE.

As we Sqz holders sit and watch our SP stagnate

Aimo & dyor

With buybacks and substantial dividends together with M&A occurring within UKCS I will continue to add as and when the opportunity arises

Atb
Aimo & dyor

At no point did I say shorts were closing at 450p. But it is clearly that the lower the price the more likely shorts will close, also more likely to be replaced with longs imo

Reporting clearly works guys… carry on the good work. Ps let’s hope they have blocked all at IP level too.

Well done admin & thanks

BB, agree So urge all to report then filter.

A lot of effort is going into disturbing discussion on here.
Could HBR be focus of T/O discussions with shorts needing to exit .

Aimo & dyor

Probably get an approach by Russian backed PE , which our inept government will welcome with open arms. Yet BT and telecoms are heavily constrained and our O&G industry being decimated only to be reliant upon imports, probably Russian via ship to ship transfers. UK need to take security ( inc energy) seriously, back our own industries

Agree, some really disturbed children with access to the internet .
Just keep filtering and don’t respond to its posts.

Thing is they have no concept of the actual state of their personal mental condition.

Yet another spam poster put on filter … oh boy this is beyond tedious.

Because under 'current' tax rules HBR can off-set 109.25% of cost against tax for decarbonisation investments.

aimo & dyor

chinch,

Think more to the point, when will ACW fully vest his outstanding millions upon millions of SQZ shares awarded in Option Plan, Deferred Bonus Share Awards and LTIP's.

Don't think ACW is in any mind to sell atm given he has been instrumental in driving through TW deal, although it appears ACW is just standing down and not actually leaving afaik.

PS Still awaiting this years announcement on LTIP's / pay awards etc too.

aimo & dyor

TSC1,

"Kistos is sat quietly making itself too easy a target at this price. AA's holding won't stop a bid lower than recent highs from having a fair chance..."

Don't think AA or any of us would be too disappointing if an offer came in at just below our 12 month high of 665p back in Aug 2022 or for that matter, even 2023 high of 435p. atb

aimo & dyor

Stevo12,

Full agree and most investment focused true HBR investors would think the same. I've never had to block (filter) so many posters on a single share chat. We all know their modus operandi is to disrupt probably the most used BB platform for HBR chat, question is WHY.

For me that's either these posters are mentally insane or know exactly what they are doing. If former, why just focus on single BB (HBR) to peddle their tosh. If latter, then who is benefiting ... Not unreasonable to be paid to post in order to disrupt and stop informed discussion about HBR .... so that leads to who are the paymasters. Not a difficult one to answer really, especially if you specialise in knee length trousers.

Have a good weekend all.

Oh and to all real investors out there, filter like you have never filtered before, makes reading this BB so much more interesting and in double time too. No doubt I will see a sea of green filtered replies to this post. In the immortal words of Lauren Cooper, "Am I bovvered?"

atb
aimo & dyor

Norma,

One for investor meet Q&A session I would say .... Are the hedges 'puts' or 'swaps' ?

Let you pose the question.

FWIW, I would put money on it being all 11k at 'swap' for reasons I explained earlier.

atb

Still along way to go if we want to be the major NS attraction in terms of our dividend paid.

Ithaca Energy’s dividend policy is targeting annualised dividends of 15-30% of post-tax net cash from operating activities.

aimo & dyor

"As I always say and Mitch Flegg agreed at the conference call, these are historic figures and particularly given how different last year was to this and how 2023 is turning out are immaterial. I will leave the numbers except to say good production, an excellent acquisition and 22p 0f dividends all tick the boxes in building for the future.

Q1 production of 46,800 boe/d proforma shows significant resilience and with Gannet GE-04 adding some 10,000 boe/d production of 60/- b/d have been seen in March already. Accordingly, combined Group production guidance range for 2023 has been maintained at what must be a highly conservative 40,000 – 47,000 boe/d on a full year pro forma basis.

With both company’s having CPR’s they go into the marriage with 2P reserves of 130m bbls and a decent number of short-cycle projects to invest in. But the Group has a strong balance sheet allowing funding of these projects and more having virtually ending hedging, so closing cash at 31 December 2022 of £432.5 million (2021: £103.0 million) plus a further £24.3 million of cash security lodged with gas price hedge counterparties (2021: £115.4 million) is comforting.

The Looney tax was discussed and whilst it is an unwanted spectre, c’est la vie and with allowances that can be used and some discussions have taken place to maybe have a floor price to protect companies should prices fall sharply sympathy is in short supply.

New Serica looks very exciting, I’m happy as can be having it in the Bucket List where I would expect it to be a leader, at this price it is way too cheap. "

https://www.malcysblog.com/?s=serica

Hummm, suddenly Malcy's found his voice regarding Serica ....

aimo & dyor

DTP, "We've all done it at some point.." LOL ...

As for Mr Market reaction to our fabulous results and more so imo, reflection of the newly combined business (Mercuria) going forward, well lets just say closing down (2.8p) Frank, Dean, Joey, Sammy & Pete have been replaced with the new pretenders, don't you think Infor !

aimo & dyor

So we have had results issued, dividend notice and reserves increase announced recently too, what we now need is a REAL value accretive deal, not some trumped up, made to look great one.

Oh and for our SP to finish blue, not much to ask.

aimo & dyor

Norma,

Still not convince by Mercuria's long term motives here I'm afraid.

Added to HBR though.

atb

Norma, no just transferred into ISA .. ;-)

Closing cash at 31 December 2022 of £457m and now much improved reserves ~75mmboe @ $20boe ( excluding TW) could of resulted in valuing SQZ at ~1.65bn or ~602p/s .... instead our SP is sat at 240p. Imagine the dividend situation given ~£500m cash sitting in our account ...... way to go Mitch.

That said, if you now add-in TW improved reserves ~55mmboe our 'FOR SALE' price could be around ~£2.46bn or ~640p/s. Present MCap ~0.9bn.

aimo & dyor