Member Info for NewKOTB

"Hardy's couldn't off-load their shares without hammering the SP... "

TS,

All the best, I would have thought many investors are / have re-balanced their portfolio given the WFT, me I'm still fully invested.
This morning received a letter from my recent email to my MP ..... apparently he has 'mixed feelings' about the WFT, but did vote against the tax, for what difference it made!!!
As for being fool 'Hardy' this is the elephant in the room .... how are the Hardy's hoping to exit, if it was me I would be putting pressure on SQZ for doing a deal to sell the company as there is no-way the Hardy's could off-load their shares without hammering the SP. Like I mentioned in an earlier post, that was strange timing / reporting about the Hardy's at the weekend.

We are fwiw, still sat at ~55% (>£400m) cash and equivalents of our MCap with zero debt atm. Producing ~28kboepd net with ~60mmboe reserves from 5 producing fields and very limited decomm liabilities.

aimo & dyor

Is it actually possible that the CPR will exceed expectations despite all the good noises the company has been making?

It's all relative, England getting to the Euro finals and loosing to Italy .... did they exceed expectations or disappoint .... question of individual views I would say. Same for any CPR, given the increase in net pay then there will be an improvement in recoverable reserves, will that disappoint or exceed .... for each to decide.
For me there is enough within CHAR company portfolio to stay invested regardless.

aimo & dyor

Still some sizable late / delayed trades after UT last night :

Date Time Trade Prc Volume Buy/Sell Bid Ask Value
13-Jun-22 18:22:18 282.589 102,222 Unknown* 280.50 282.00 288.87k O
13-Jun-22 17:30:16 280.50 63,222 Unknown* 280.50 282.00 177.34k O
13-Jun-22 17:26:18 283.01 288 Unknown* 280.50 282.00 815.07 O
13-Jun-22 17:25:31 285.287 96,720 Unknown* 280.50 282.00 275.93k O
13-Jun-22 17:09:22 286.455 13,678 Unknown* 280.50 282.00 39.18k O
13-Jun-22 17:09:22 287.391 25,063 Unknown* 280.50 282.00 72.03k O
13-Jun-22 17:09:20 280.514 4,019 Unknown* 280.50 282.00 11.27k O
13-Jun-22 15:40:12 283.00 170,603 Unknown* 280.50 282.00 482.81k O
13-Jun-22 16:35:04 280.50 123,873 Sell* 280.50 282.00 347.46k UT

Poor day today, held fine until yanks woke up .... finished down 9.5pts

So back to ~55% of MCap held in cash and equivalents, with zero debt.

Good strong recovery today against a backdrop of poor market conditions... :-)

That pesky down channel that is keeping us handcuffed ....

I know, don't mention handcuffs this early in the morning!!

Savvy: David and Debbie Hardy are the largest shareholders in North Sea energy producer Serica, which pumps five per cent of the UK's gas output. But last week, Serica reassured investors it would use investment incentives built into the levy to reduce its tax bill.
This has boosted Serica's shares to £2.90, sending the value of the Hardys' 10.4 per cent soaring to £82million.
David, 63, and Debbie, 58, bought into the business for as little as 3p a share. Can it get any better? Yes, it can. They will also enjoy a near-£1million payout after Serica increased its dividend by 18 per cent.

https://www.msn.com/en-gb/money/other/stocks-to-watch-britains-savviest-investment-couple-sitting-on-shares-worth-more-than-%C2%A380m-after-good-news-from-serica-energy/ar-AAYmrTp

-----------------------------

Not actually sure what's the reason behind these press articles ..... very strange !!

Just hope it's not to highlight to Rishi, Labour and the un-educated population as such, a precursor to super-tax the gains individuals made on NS investments, that would be the last straw, as I say, very strange reporting.

aimo & dyor

drIce,

The 'efficiency' of producing the CPR is not in the hands of CHAR......CHAR are waiting on a third party to produce the latest official independent Competent Persons Report (“CPR”) by, one would guess, Netherland Sewell & Associates Inc (“NSAI”) as they have been used before by CHAR and recognised as a leader in their field.

Almost no-one other than IPO'ers are in profit atm ... ridiculous SP action imo

"Anyone buying DARK at 350p should expect to see healthy total returns over two to five years...."

Well, it's below 350p now .... ffs

Still sitting at >50% cash to MCap ... zero debt and next to nothing decomm liabilities.

SQZ's biggest drill for many a year kicking off in ~3 weeks with HMG footing majority of the bill

Going Ex-div too at end of month (current yield 3.1%)

https://www.dividenddata.co.uk/ex-dividend-date-search.py?searchTerm=sqz

Fortissimo,

Exactly what I floated last week .... marginal fields with new levy will become dead-weight on the books of the large multiples ... can SQZ add value over volume .... lets see.

PS Whatever happened to Andrew ( no the disgraced prince btw), just saying !

PPS If nothing else, the levy will open up new opportunities for some to benefit whilst others will suffer.... fwiw, I think SQZ are, if our board get their fingers out, one of the few that are in a position to make the most of a bad situation.

aimo & dyor

Interesting one which I know some of you like myself hold a position in ... Orcadian Energy.

Looking for a farm-in partner :

https://www.stellarlimited.com/orcadian-uk-north-sea/

However, given their P2244 licence which contains 78.8 MMbbl of 2P Reserves is up for farm-in and current MCap of Orcadian is ~£30m and we are about to spend upward of >£45m on binary drill of possibly finding 60 MMbbl .... why not just either farm-in or take the whole company over.

ORCA SP has been very static since joining AIM last year but given Rishi's levy, this could well open ORCA up to offers, I'm sure there will be several interested parties, just hope we are one of them.

aimo & dyor

Don't worry, they have marched it back down, started again within minutes of you posting ... lol

Mani01,

TSSZ is here for a quick trade, nothing more imo.

Like you can get a quote for substantial amount without any problem.

atb

I guess he missed off the '1' ...... or is that 'one for you two for me, hick' !!

Not sure where he got £75m from ..... sounds as if Friday's tipple has started early !!!

"Good news for Chariot investors as proved by so many who have formed up for this Open Offer. Despite this successful fund raising the shares remain within 4p of the years high. Indeed I would contend that a market cap of around £75m is way below what it will be when the massive potential projects that Chariot are undertaking come to fruition. .."

https://www.malcysblog.com/

"brokers (conservative) estimate of 51p per share will now be around 44p per share..."

That's of course is based on known known's .... news yet to be released into market will, I would have thought move the target up a notch or two... :-)

aimo & dyor