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Yanks came online .... 'they don't like it up em ..' so took our stocks down .... FTSE is nothing but a toy to yank traders

1996 was the last time ( exception of covid year 2020 of course) BP's SP was so low ...... now at generational low.

Hummm ..... LRGS delayed trade just shown up for 100,000 shares at, wait for it ..... 112.54p

Not shown as low of the day ... so another agreed transfer imo

As I mentioned no doubt R3 news is behind the squeeze on our SP today.

Also, I think the games being played are about to come to conclusion ..... as I stated before, R3 would need to be successful for the culmination of many months of work to trigger SQZ future.

SP very lively today ... :-) ...... I'm adding even more

aimo & atb

Thanks to almsivi over on other BB.

Some exciting news from the BEIS portal page: Https://itportal.beis.gov.uk/eng/fox SERICA ENERGY (UK) LIMITED PRA/266 BRUCE 9/08a Bruce PUQ Platform Platform - Small Steel EIA Direction (Direction to Increase Production from Subsidiary Fields or Tie-backs) PR/2069/0 10th February 2021 Submitted TL:DR Permission was sought 6 days ago to increase production from the Bruce facility - specifically from subsidiary Fields & Tie-Backs. If that doesn't scream R3 is (soon to be) in production - I don't know what does. While it's wholly possible they asked for the permit before having R3 immediately available, it points towards it happening very soon - else, why would you bother?

PS : No doubt this news is behind the squeeze on our SP today.

aimo

En­Quest snaps up stake in North Sea - PressReader
www.pressreader.com/uk/the-press-and-journal-aberdeen-and-aberdeenshire/20210205/281990380207844https://www.pressreader.com/uk/the-press-and-journal-aberdeen-and-aberdeenshire/20210205/281990380207844

"En­Quest snaps up stake in North Sea ... It also said the plat­form was op­er­ated at low cost, with unit ex­pen­di­ture of $5 per bar­rel fore­cast for this year. Golden Ea­gle boasts "sig­nif­i­cant re­main­ing devel­op­ment po­ten­tial", with an­tic­i­pated field life ex­tend­ing into the early 2030s, the firm added..."

Also note that Enquest states their Opex atm to be $15/barrel, same as Ithaca Energy, who recently reported theirs dropping from $17/barrel to $15/barrel ...... so would like to know how Suncor Energy managed $5/barrel !!!!

QC,

I beg to differ, I think its an excellent comparison, don't forget SQZ are operators, Enquest are not. As operators SQZ will benefit from our significant development potential of fields around Bruce, eg Eigg (recoverable ~130 mmboe) and licence area P2506 too, plus other future throughput. This will drive down our Opex, much, much further imo in addition to SQZ already outlined plans. As non-operator the unit cost is not within Enquests control either, so may well increase. Yes $5boe unit is ultra low, so not much room for improvement ... not been able to drill down on this cost as yet to quantify it fully and am unable to find another player with unit costs so low either..... hummm !!

That aside, you have not taken our much higher ( x3 ), 2P's and production into account.

On the flip-side, any acquisition worth its salt on your reckoning would be out of SQZ reach using Enquest's benchmark.

All that aside, Enquest paid $18/barrel for this NS acquisition, so within the historic benchmark of past NS assets sales, circa $15/barrel. On Enquest price paid/barrel, SQZ would be worth and estimated $900m

So, yes, Paul, I think it's just as comparable.

aimo

Tom,

Think you need to compare Enquest recent acquisition of ~ 18MMbbls net 2P and 10kboepd for $325m against SQZ ~50MMbbls net 2P and 28kboepd (at the moment) and our current Mcap $440m less our CoH, (as no cash acquired in Enquest deal) would be ~$328. So virtually the same, yet SQZ offer almost x3 in terms of production and 2P's.

atb

muckle,

Agree, we have +50mmboe 2P's, easily +5 years without future enhanced recovery, adding to our reserves with R3 or Eigg progressing, with Columbus possibly adding too.

EoA,

Looking more and more as if our friend EoA has spiked himself ..... lol, karma.

Oh, by the way, you keep slating LTH, yet in your own words you state, "I've been holding this for a while"

I guess 24hrs' in the life of a P&D'er merchant is looked upon as a LTHold

PS The rise will happen when it's ready and no pumping, no matter how mindless, will alter this.

aimo

"What will happen when you pick a real dog and it crashes 40-50 percent? ...."

What I wouldn't give for my dogs to have only crashed 40-50% .... a dog is 100% crash !!

I'm adding once more as the SP is a gift atm, too many indicators for me not too.

Dam will burst on RNS only ... Its clear the SP will not be allowed to rise until the deal is done..... primed and ready to roll'n'roll.

aimo

Maverick,

Yep, our SP continues to stifled ... PMO / TLW up +8% and HUR +30% .... we struggle to gain any sort of traction for weeks / months now ....

QC,

SP drivers are aplenty with SQZ, R3, Columbus, and 100% BKR revs ... not forgetting the super extended Rhum licence too.
Eigg and no doubt further licence awards to follow. Too many positive for our SP to be non-responsive afaic, big news is due and as Brent / Gas continue to build the pressure is on the get the deal done ....

aimo

340,753 .... criminal, considering what Emma has done for the SP ..... aimo

Upomega,

Please, please do not let posters here influence your investing decisions, let alone myself.

Everyone that posts on these sites have a vested interest, one way or another, that may or may not align with yours.

What I can say, I have not doubt that we have several knowledgeable posters here that imo hold not insignificant amounts.

I clearly have a vested interest with my holding and want the best for SQZ.

atb

QC,

I believe you are 'allowed' up to 72 hours to report threshold change, although it is supposed to timely. So we could get one Monday, but I doubt it, more likely to have subsequent TR-1's next week imo. Also, there are ways to 'hide' your intention too, eg via MM that can hold up to 10% without notification afaik. We are of course assuming that Jeff's shares did indeed go to one recipient.
Also Paul, as for SQZ and Jeff's "historical connection to the company" ..... it is just that historical. No requirement for either side to disclose information esp if both may be under NDA's !! AA was under NDA for almost six months prior to RRE takeover offer by Viaro, what's to say ACW et al are not ! GRG had to issue TR-1 as they were at a known holding .... so any subsequent changes to said holding not being notified could raise questions with regulators.

The interesting part to me is the re-start of the GRG'sTR-1 after over a month break ! If I considered buying SQZ then I would, without a doubt, want to ensure R3 would complete and flow as expected .... now considering the flurry of TR-1's happened on the run up to original R3 completion scheduled, then we had of course the Corp Update which pushed the completion scheduled back 1-2 months, once again, we now have further reduction of GRG holding on the run up to R3 completion !!! hummmm

The 'interest-o-meter' has just cranked up another level I would say.

atb

"keep laughing and let's see who has the last laugh ...."

Indeed, EoA, particularly those PI's that are holding in the millions of shares... ;-)

As for your, "have a vision for Zanaga.." that is certainly the best way to pick an investment, and you laugh at others..... lol

Keep pumping my friend, and I mean the share not referencing your hobby btw.

Look forward to you any your mates Twitter posts over the weekend.

atb

Chinch,

Worried .... in a word, NO.

Why, I believe Jeff Harris has agreed a transfer of ~4.45% or ~12m shares of SQZ holdings to a third party staggered over the past 6 weeks particularly as our volume during this period is no where near that amount.... :-)

aimo

chuckle away ...

https://twitter.com/search?q=%23zioc&src=typed_query&f=live

atb

Hi Sasa, hope you are keeping well.

As for AA (KIST) I would put him down as an outside chance, small but not out of the question given AA city background. However my first choice would be Viaro for sure given their stated appetite for NS assets and available cash, combined with Saudi backers. In the middle I would put Tailwind, PE backed and has synergies with ourselves too.

Speculation is always an entertaining past-time ......

Have a good weekend.

atb & imo