Member Info for NewKOTB

So we have the well flowing at restricted choke of ~6,000boe on a 390 foot gas column in a high net-to-gross, fine-grained sandstone reservoir, which HBR class as 'material gas accumulation', yet we are down.... me, I'm adding right now.

atb & aimo

"This is a pretty straightforward well really, it is similar in its properties to Rhum and very near to the Bruce facilities which would provide existing infrastructure and little new construction. Ticking these boxes, as well as reducing the carbon footprint would add significantly to field economics. Add to that the ability to provide gas to the high demand UK domestic market and if it came in would be a huge plus for Serica, already a Bucket List favourite..."

https://www.malcysblog.com/2022/07/oil-price-san-leon-kistos-touchstone-serica-and-finally/

"Nord Stream 1 pipeline has stopped shipping Russian gas into Germany (just a residual amount still flowing now). It's annual maintenance, scheduled from July 11 to July 21.
Berlin fears the pipeline may never return into service...."

Even though it's TTF directly impacted, NBP will close the gap. DA NBP 224p/therm average, up on Friday's.

PS I think Berlin's fears are fully justified, although I can also see Putin 'playing' with the EU for sometime to come.

"Nord Stream 1 pipeline has stopped shipping Russian gas into Germany (just a residual amount still flowing now). It's annual maintenance, scheduled from July 11 to July 21.

Berlin fears the pipeline may never return into service."

"Just need that levy to flop now…..." that would be wonderful news, however we now have Labour shouting for tax increase to 85% .... all I can say is .... WTF !!!

Guess none of them ever owned a business !!

aimo

So now completed ... great news.

KIST will now receive ~£120m in deferred cash payment less costs for the past 6 months production.

"SP still only were we were in Jan., when Bent was $86 and Gas hovering around 160-170p....."

Plus now we have ~$1bn less debt too and in middle of massive share buyback.... all looking very good going forward imo

https://www.lse.co.uk/rns/HBR/timpan-exploration-well-result-a4n270uibjophnm.html

I guess with all the different plates spinning atm and have been over many months, the opportunity for directors to buy outside of a CLOSED period would be virtually nonexistent.

aimo

"serious director interest by way of share holding..."

Think over 10% constitutes serious imo.

So we have Truss, Braverman and Zahawi all against the WFT ... Lets hopes one of these get the job !!

If not if and Zahawi keeps his position maybe we will see and amendment for the better.

https://www.pressreader.com/uk/the-sunday-telegraph/20220710/281685438556226

I'm expecting RNS for notice of trading update either Monday or Tuesday, with favourable data released Thursday or Friday imo.

If so, should see us well up for the week and leave behind the 20 day MA, with luck be knocking on the 50 day MA (~353p) come Friday.

aimo & dyor

Jimmy,

Morning, "An alternative would be to use subordinated debt ..."

Not a chance in 'ell of anyone wanting to put cash via subordinated debt into an AIM listing with next to nothing income given world macros as they are atm. On that note, I've no idea what our credit rating is either, although I guess not too good !

Prior to CPR, farm-in @ 18.75% for cash (~$30m max) + free carry is my guess as it stands, which wouldn't move our SP on too much at all. That said, CPR would / could alter this considerably, with multiple options opening up and that's why no CPR as of yet and why time rolls on. We will see a major deal in and around time of CPR announcement , that's what keeps my attention atm. That is unless new owners of Anchois don't want strategic information made public of course !!

aimo & dyor

Nord Stream AG to shut down both strings of Nord Stream gas pipeline on July 11-21 for scheduled repairs.

https://interfax.com/newsroom/top-stories/80867/

No doubt Putin will ensure re-start is delayed ...

aimo & dyor

TS,

"Do we know where the BP holding went?..."

In short, NO !!

What we can assume is no single UK registered entity acquired the shares otherwise a TR-1 would of been released. So either a single new non-uk holder (as holding was just below 5% notification) or two or more took the shares in an accelerated book-build from close on 27th April to market opening on 28th. Alternatively a market maker could of taken the lot too ( for yet unknown reason ) as they can acquire up to 10% without notification.

The most interesting point being BP transferred ALL their shares, at appox 7.5% (29p/s) discount to closing SP, which at the time was 394p, for 365p/s. Today, with SP sat at 300p, represents a paper loss of ~£8.8m atm for the acquirer.

aimo & dyor

BlackRock 'Hokey Cokey' continues ... RNS TR-1

Debbie Downer,

Big difference is the market and PI's now know the reason behind the 40% drop in 2 months .... the fear factor has been removed and replaced with knowledge. Fear of the unknown is powerful driver when it comes to equities, knowledge is power.

aimo & dyor

sasa,

Just off out .... but on first reading, yep, appears to be ballpark afaic.

atb

If you want to keep an eye on its progress :

https://bills.parliament.uk/bills/3306

https://publications.parliament.uk/pa/bills/cbill/58-03/0135/amend/energy_rm_cwh_0707.pdf