Member Info for NewKOTB

At least it was good to see all my emailed questions presented and answered, however, as you would expect, nothing was given away ...

Also, using Vodafone and BP as comparisons as to justifying SQZ see no issue with our 'A' trades is just laughable imo. Mitch also believes it is 'normal' therefore for an AIM stock to have, DAILY, between 85-95% of it's trades automated and that these trades are not 'controlling' the SP .... as I say laughable.

aimo

Maverick,

"R3 Test rate equivalent to around 10,000 boe/d or 600,000 therms/day (which at current prices equates to a potential gross daily proceeds of around £350,000)....."

When you put those figure into the context of Mitch's video when talking about R3, something isn't right !

Mitch said, "we flowed just over a third of hydrocarbons we were permitted to flow during the test..... it indicates just how good this well was..."

aimo

https://www.lse.co.uk/rns/SQZ/result-of-agm-and-retirement-of-ned-i0dzfo5o7txn1va.html

AGM Video ....

https://www.serica-energy.com/videos

atb

Appears to me we are underselling our production guidance for 2022 and indeed 2021 too. Would love a breakdown of BKR from the AGM q&a's

Columbus Reservoir quality better than expected.

Sidetrack has been successfully drilled and downhole completion has been run to TD in the new sidetrack.

Production expected to commence in early Q4 2021 at anticipated gross rates of around 7,000 boe/d of which 75% is expected to be gas.

R3 Test rate equivalent to around 10,000 boe/d or 600,000 therms/day (which at current prices equates to a potential gross daily proceeds of around £350,000).

Higher R3 rates will be possible through Bruce production facilities

R3 Achieved 58.4 mmscf/d of gas and 135 bbls/d of condensate through a 60/64ths inch choke, constrained by well test package. Well performance at the upper end of expectations.

ATB

https://www.serica-energy.com/downloads/presentations/2021-AGM.pdf

My instant reaction to that article is it's a 'commissioned' one !!! This is a classic example of biased reporting imo and as such, these are the types of misinformation and misdirection that our PR dept should crackdown on and get it corrected or at the very least contact the editor --- "Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com..."

I have corrected bad reporting in the past but don't see why PI's should be the vanguard for SQZ.

aimo

So we have yet more 'zero' trades , half dozen or more today .... weird !

Also appears our SP is being 'contained', now down on day with run up to ex-div tomorrow of ~2.8%.. :-(

"I don’t think the dividend cut is a bad thing if the money is used to enhance the business. Since BT scrapped their dividend it’s shareprice has nearly doubled....."

Toff, you know that is due to a major holder taking top position of 12.1% from nowhere and rumors of takeover and strategic investment into Openreach / BT Sport etc .... so to say their SP has double since the cut is a bit misleading without the background too that rise imo.

Now if GKS can woowww the market today that's another matter.

"A dividend cut to 45-50p that will be announced today has already been agreed....." from 80p, don't think that will go down too well, almost as good as halving it.

My buy orders have been set way below current SP .... Walmsly doesn't give SH a second thought it appears ... that will come back to bite her in the rear for sure, maybe not immediately. Many companies that have cut dividend during covid are now looking to raise them once more .... GSK are going in reverse so pension funds et al will have no problem switching to higher returns from elsewhere imo.

Those are of course the KNOWN variables, unknown .... well they remain unknown, at least to us PI's.

atb

"Anyone know why we're up ?"

Brent Oil UP (>$74.5/barrel), Gas futures UP (74.5p/therm), Restart of FPS, R3 News at any moment, ExDIV in less than 48 hours, Columbus news due, AGM, oh and we have fair value of ~280p, so running at >50% discount atm.... Other than that, no idea !!!

aimo & dyor

They forgot ....

13. There will be no prosperous future for the Congo without ZIOP

A move down can be a contrary indicator when it comes to KIST as it was with RRE.

"SQZ offers simply outstanding enterprise value to which our SP is totally detached from .... !!! Why ?....."

Somehow, I don't think it will be long until we find out.... ;-)

aimo & dyor

Dec futures now at amazing 83.5p/therm, all indications are we are heading for sustained high winter '21 gas prices. I would have thought atm, we should be looking at an average winter price in excess of >75p/therm, current July's 72p/therm.

At these futures and indeed, NBP's, I would guess any potential deal we may of eyed up is now way too expensive, yet, for us, our SP is still range-bound. Lets see what happens when R3's online and flowing. Should we not break and hold >140p, questions need to be asked of our board.

SQZ offers simply outstanding enterprise value to which our SP is totally detached from .... !!! Why ?

AGM and ex-div this week. gla

aimo

*** Update 21st June ***

INEOS FPS successfully removed the final system isolations at Cruden Bay at 02:00 on Saturday 19th June, completing the Cruden Bay system reconfiguration maintenance. Pipeline inspections had already been completed, and removal of the final isolation tool made the system fully available.

System restart will commence as soon as sufficient oil is available to satisfy FPS minimum throughput. This is scheduled for Tuesday 22nd June, once sufficient customers have completed platform maintenance and are themselves available to restart. The restart remains dependent on customer profiles not being delayed or reduced.

Drahi is NOT a passive investor as such others will be buying in on assumption of future Drahi actions .... whatever they maybe !