Member Info for NewKOTB

We have £45m deferred tax losses.

Just noticed too, we appear to have replaced our long term communication and media company Instinctif Partners with Vigo Communications.... hummmm!

https://www.serica-energy.com/media-contacts

As mentioned before, I believe we are waiting on a host of drivers to be completed before any meaningful jump in SP

So, as Loyd Grossman would say, 'let's look at the evidence'....

1. Brexit Trade Deal - TICK DONE
2. Licence renewal - TICK DONE
3. R3 - DELAYED ~3 MONTHS ...hummmm

Will the delay impact on their decision, probably yes, but imo not for much longer, 'D' day is fast approaching. SQZ are getting closer day by day to that golden ticket of 100% BKR, a ticket that gets more expensive daily for anyone wanting it.

Upomega, agree, timing of R3 was strange for various reasons as you have mentioned, I can not see, like yourself, why it would not have been set for Q3 2021. It now appears due to delays / problems our costs have increased by +£3m anyhow and counting. The deferred CapEx would have also boosted our CoH making our 2020 YE accounts so much better ... so why the rush. IMO these drivers are pre-requisites for the agreement to be completed.

The enthralling chess game continues ..... although there is a queue building up for the next game, so pressure is on to complete.

All in my opinion of course.

Bit of a Whack A Mole day today with the BoT's .... :-(

Too higher risk of decent bounce happening imo ...

They will not take this sub 100p unless they have sufficient firepower to keep it there imo.

BAND > BANG ....

sasa,

By doing a BKR style deal then, for want of a better word, 'flipping it' would ensure maximum return for shareholders ( something that our BoD have always keen on) in minimal time .... no hanging around for months/years waiting for the SP to reflect the value or running the gauntlet of the market, BANG the deal is done. Now that would ensure ACW et al go out with a BAND too and written into O&G folklore.

Has BP's Andrew et al / PMO deal recently failing and timing of said deal presented an opportunity too great to resist in order to add massive value for shareholders ... particularity if you are known to be the hunted ( which imo they do) as well as the hunter.

Can Kiosk Kate become Queen of Negotiations

aimo

"... 18 Feb 2021 Fourth quarter ex-dividend... "

You still have plenty of time to find the cash ....

Just the yanks seeing a bargain ...

Not been 300pts all day afaik ..... atm it's less than 200pts, as I say chicken feed.

Now here's a thought we have yet to explore ....

SQZ complete an acquisition that could be substantial ie BP Andrew et al. Not unlike BKR such an acquisition will take time to translate into our SP. As we all know, one means of defense against a hostile attempt is to grow the business, usually with debt, in this case our way would be the BKR way. Now on RNS of acquisition our SP would re-rate but to no where near fair value, followed shortly by agreed sale of company. So what better time to strike (or deal to be completed) for a acquirer is when the rewards are even greater ..... BKR / Erskine / Andrew for bargain of the century, esp with 100% of BKR is only ~11 months away.

No idea what that package would be worth to an acquirer, producing circa ~80,000boepd, has to be easily in excess of 300p imo.

Just a little something for the weekend to contemplate.

aimo

"US futures are really down...... "

Don't think -0.6% could be classed as REALLY DOWN .....LOL

"look at the way they sucked the blood out of BP........."

Yep, BP just off their 25 year low ..... watch Exxon come in with a bid there, aimo

That's one thing the yanks do well, is look after their own, here, UK, we kick as hard as possible when they are down to make it even more difficult to get up again.

"Any idea what the profit on 50k barrels a day would be at current prices ?..."

Revenue est ~$1,667,000 per day, post Opex

"Wall Street had a good day yesterday...." actually it finished flat ... down circa ~0.6% atm

MarkBellUK,

Agree, Ops profit average over last two year was ~270m pa, so fine of ~$100m to ~$150m would be balanced and fair, plus the jailing of those prosecuted.

Talk of £600m to £900m would in effect bankrupt the company .... the FSO are not about that imo

MF talk the book of others ... aimo

Columbus progressing nicely .... "Maersk Rig expected on hire before the end of Q1 2021... "

Maverick,

The 'delay' to R3 partially manufacture or not, along with licence renewal has added another dimension and moved the game on significantly imo.

The closer we get to 1/1/2022 to more our value improves and the less room for horse trading .... that is without question.

I do love a game of chess, does appear as if SQZ has the advantage once more ... do we have Checkmate though, almost I would say !

aimo & atb