Member Info for NewKOTB

Yep,

I too can see a significant move up in SP as the pieces of the jigsaw slot into place .... this time, unlike on previous occasions under the old guard, we have no worries about missing pieces ..... great forward thinking deal that shows vision and strength to put CHAR on the path to a much improved SP.....

PS. We all know the real players that can move a stock also see this too, hence the instant deployment of lackies to disrupt our BB with mindless rants of 1p.

Upshot is this was a great RNS .... PERIOD !!

Now what was the x10 all about !!!

aimo & dyor

What this shows is CHAR is open to alternatives, who else have they been taking with and making contacts with and for what style of deal in the making. This latest RNS shows dynamic vision afaic .... will it pay off, hope so.... Certainly refreshing, compared to that of the old guard. Market clearly not sure about it atm.

aimo & dyor

Think the question to ask yourselves, is who benefited from the 'leak' and for what reason !

The only saving grace afaic, is the accelerated bookbuild completed in hours. Clearly the participants had been approached prior to the leak .... so the entry point of 165p, was preordained imo. If I raised at this 'leaked' price, there would have been a clause to the effect 'unable to sell for 6 months on open market' or alike. That would of added some sort of reassurance to PI's and others looking to invest.

aimo & dyor

Oh, my mistake, they are indeed, Great T*t's .... !!!

aimo & dyor ( https://www.rspb.org.uk/birds-and-wildlife/wildlife-guides/bird-a-z/types-of-tit/ )

Muckle,

"The bots have us under control now...."

As it has been for well over a year now. Recent weakness of oil and EU covid lockdown being used, although gas (at 80% our primary product) is holding firm at a healthy >40p/therm.

Little cold here but happy to let this weakness blow over whilst watching the birds in my garden.... nice pair of blue t*ts atm

aimo & dyor

It's a one horse race ..... and has always been tbh ..... investors just need absolute certainty with whom they are to deal with. Once these 'democratic' elections are out of the way economic investment will follow the brown envelopes, after all staying at Waldorf Astoria and shopping in Dubai and Paris is not cheap ..... plus you always need to ensure your kids are looked after so watch out for Denis-Christel taking over the reigns so to would need to be convinced that economic development will be 'good for all'.

aimo & dyor

Although, this time last year we hit a multi year low .... due to that little fella, Covid-19.

"The sooner we get taken out the better..." agree ... Lowest days close of 2021, clearing out the weak imo !!!!

Well, finished on the days low (-3.4pts / 2.9%) ..... With this drip, drip on our SP when R3 news hits, it will just pop us back up into the 120's, lol ..... Our resident pain in the rear and has been for many months now is 'Mr10k' who keeps the pressure on the share price just when she tries to climb. Either a block of 10,000 or broken down into smaller trades, totaling 10k.

Maverick,

"...as ever with these shares we will never see full value materialise.."

As the saying goes .... 'been there, got the t-shirt'... lol

Should our scenario play out, I could easily see our SP continuing to being played, so in that respect you could say R3 may indeed have little lasting impact on our SP and be classed as 'already priced in'. Although in reality, as you say a ~25% uplift in production should earn the right to easily boost our SP to +140p and be maintained at that level... we shall see.

As for R3 Intervention well, ".....Rig operations are planned to last approximately 70 days...." ,we are now on day 161 ..... oh boy, SQZ were and will never be a drilling company !!

aimo & dyor

So GRG are at it again .... down another 0.77% to 11.98% holding now ..... interesting !! ... ;-)

https://www.lse.co.uk/rns/SQZ/tr-1-notification-of-major-holdings-dcjz43o719igo2b.html

"Not sure that r3 is going to make that much difference apart from a few penny’s ..."

When I said "I'm looking at R3 as the next milestone, one that I'm hoping will make SQZ's future a lot clearer...." I wasn't referring directly to SP gains, but more how others would now view SQZ as a value enhancing acquisition. You need certainty when dealing in hundreds of millions $dollars$.

aimo & dyor

Upomega,

fwiw, I'm looking at R3 as the next milestone, one that I'm hoping will make SQZ's future a lot clearer.

As for Masonic meetings, for sure our BoD, particularly ACW has numerous 'connections' which should give SQZ an edge. The 'old boyz' network is, I guess, as strong as ever ..... ACW has mentioned before about the fact that everyone knows everyone in this business, although this has yet to bear fruit in the last >3 years. ACW holds, I believe ~2.75% of SQZ excluding options..... given ACW is 78 years young, I would have thought his exit strategy should be in full swing by now .... will it be inline with investors ..... lets see !!

aimo & dyor

Thanks philJJ,

So, back to fingers crossed for Andrew / Shearwater then ... lol

This week I mentioned should we not be successful in acquiring Shearwater / Andrew then what is left ....!!!!

Well, yesterday Taqa was in the news ..... :

"Taqa is considering options for its oil and gas assets in the UK and elsewhere, including a potential sale, as the state-owned utility focuses more on power generation, people familiar with the matter said.

The company, also known as Abu Dhabi National Energy Company, is speaking with potential advisers as it reviews a business that spans countries including the UK and Canada, the people said, asking not to be identified as the matter is private..."

https://www.energyvoice.com/oilandgas/north-sea/308683/taqa-sale-oil-gas-uk-canada/

So we have, yet another interesting morsel to chew over. Like always, these 'leaks' are generally manufactured, so the question is how far into sale negotiations are Taqa !

Taqa's, 100% owned and operated fixed installation are , Cormorant Alpha, Eider, North Cormorant, Tern Alpha and 70 % owner operator of Harding and Brae Area also, plus other downstream and European interests too.

https://eu.taqa.com/oil-and-gas/

So plenty of options should Taqa (which imo is a go) decided to sell off some or all of these assets. Surely, sooner or later, SQZ have to acquire something, it's been almost 4 years of looking now ... just hope its not what's contained in the scrag ends bin for which we have to pay top dollar through desperation !!

aimo & dyor

So are the new Options recently granted to Executive Directors of the Company as per RNS, a case of smoke and mirrors !

https://www.lse.co.uk/rns/JOG/grant-of-share-options-oo7y52ynrw25ev0.html

I can directly relate to this RNS of 'options' with one of my failed 'investments' which also had untold wealth sitting below the seabed in the NS awaiting a farm-in that never materialised, whilst directors quietly sailed off into the sunset .....

The issue I have is the RNS is in effect, meaningless .... until executed ..... otherwise, as I say smoke 'n' mirrors. More respect would have been garnished should they have put their own cash in .... even £50k each would send the right signals to investors .... and more importantly, any farm-in partner looking for BoD commitment.

aimo & dyor

Maverick,

It has always been a BKR style deal for me .... don't want debt, even if the rates are ultra low atm, or worst still dilution.

I have everything crossed we can pull a massive rabbit out of the hat .... but the longer we don't the more chance are days are numbered.

aimo

Once BP sells off their Andrew / Shearwater, what's let from the big boys for them to let go at an attractive price ?

Nothing that I can think of, so it then suddenly becomes dog eat dog in order to expand and stop yourself falling prey.

aimo

Maverick,

If that is the case, just hope there is no 'leak' unlike at JOG that saw 25% taken off the SP instantly and had to complete the equity raise at that lower SP !!!!

imo, fwiw, is that our SP is continually being managed for slow accumulation ready for an offer.

Who knows .... we do agree on the fact our SP is not reflective of today's company, let alone, as it stands, what SQZ will become in ~9 months...... A 'Super Cash Cow'.

https://thumbs.dreamstime.com/b/cartoon-superhero-cash-cow-19255105.jpg

aimo & dyor

QC,

"It is crucial, imo, for the survival of SQZ that we expand through acquisition very, very soon, otherwise we may become the main meal for one of the above .... or a light snack for the likes of Chrysaor or Ineos....."

That said, even if we do a deal, should the SP fail to respond and value us correctly from the off .... then we become an even more tasty morsel on the Chef's Special Menu ...... Caviar for the price of Roe !!

Interesting few weeks ahead.

aimo