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Shorts will close and funds will add over coming hours / days once the PI have fled she will rise and close down ~18% imo

Just hope Poppy knows what she is doing.

Wowww .... some gap to close .... !!!

Way oversold already afaic

With unknown 'others' circling ... speculators will want to get in on technicals ...

For sure SP will be wild today .... either join the fun or turn off for the day.

Me, I will be looking to add today .. in fact orders placed.

atb

NBP DA up today 195 > 222p/therm

EU VI looking flat atm

In grand scheme of things all means very little atm as Liz will make here speech today about how UK energy issue will be addressed.

Day before offer came in DARK hit 430p ... almost 4 weeks on and better than expected results, market will want to pick the pockets of PI's over next few days .... For me the results are worth us being sat at ~500p.

So who will be next to have a sniff at DARK and when ?

aimo & dyor

" I think a big sale 1.9 million already sold before the market open... " what are you on about !!!

Well, dollar's gained ~5% more buying power in last few weeks alone ....

When SQZ done a similar deal, payment as in revenue was made on completion of deal, so in KIST case would be post H1 imo. Not sure where in KIST RNS it states explicitly these payments (revenues) were received and shown in accounts. Payments for GLA made but not sure about revenue receipt . if you could CnP be appreciated.

Don't see any ..... please give more details of these "few chunky buys right before the bell today".

thanks

LL,

LOL, I know but the way it's being reported is a joke ..... sounds as if the additional 25% tax levy never happened ... BBC news opening quote of headlines just this second stated ..... "rules out windfall tax on oil companies..", no mention of the 25% only a few months ago.

McS,

"With clarity from Truss on the future of the North Sea and her desire to support the sector rather than punish it, it is only a matter of time before Kist and others come back to the table with bids...."

Really don't think AA will come back to the table .... others for sure, esp $ backed suitors with £ vs $ at 37 years low. Clarity and stability for foreseeable will give acquires confidence to do deals .... I expect a flurry of deals within NS across the board to kick-off at earliest opportunity.

aimo & dyor

no more WFT ..... :-)

Loving her first PMQs as prime minister ....positive noises for NS O&G ... :-)

https://www.bbc.co.uk/news/live/uk-politics-62812442

We must be looking at different datasets as it came close on 15th but not close enough ..... the only way this apparent gap should close, is with a substantial dividend otherwise MCap would be ~£850m with atm ~£550m in cash and equivalents.

aimo & dyor

OMG .... SP has gone mad .... what's happening, am I dreaming !!! ....

Given what we assume will be announced tomorrow all NS producers should have that 'fear' factor removed, looking for a decent close today .... fingers crossed.

aimo & dyor

There is if you use Mid or Bid afaic.

Whacked down hard in first few minutes .... then we had Mommur enter the market with a buy ... price shot-up, but still SQZ, once again, fairing worse than other NS players atm

Wild West type of swings over past few day .... 222p Monday, 317p (+42%) Today, 195p/therm (-39%) tomorrow DA, no way is this a functioning market .... That's what Liz needs to sort.

aimo & dyor

NS,

"Doesn’t explain the share price drop..."

We do appear to be hit harder and rise less recently against our peers for weird some reason, not as if we are weighed down with debt as we have none, or struggling with cash as we have, I estimate ~£550m or >55% of MCap in cash and equivalents.

PS Still waiting for reason behind our board advising 'STRONGLY' to do nothing in reference to recent KIST approach.

aimo & dyor

Must make us a target for $ backed suitors, particularly PE ones imo

aimo & dyor

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Northern North Sea
The Serica-operated 3/24c-6 North Eigg HPHT exploration well was spudded with the Paul B Lloyd Jr semi-sub on 11 July. The well was re-spudded on 19 July and again on 9 August. The well is targeting Upper Jurassic intra-Kimmeridge Clay Formation turbidite sandstones in a downfaulted three-way dip-closed trap. Resources are estimated at 18.1 – 63.4 – 210 mmboe.

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