Member Info for NewKOTB

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

Maverick,

"Great result on the 2 year OFAC licence renewal - gives medium term stability and removes uncertainty.... "

Not only for us ... ;-)

Another tick box completed....

aimo

Mommur,

"Thats my tortoise - steady as she goes with a bleary eye open for the next move....."

Need both eyes fully open and on alert, especially when there are snakes in the grass.

https://www.serica-energy.com/downloads/presentations/Corporate-Update-Jan-21.pdf

"Really thought the OFAC licence renewal would see us in the blue....."

That's because the market are waiting for the real news .... why let the SP escape now after all that work when you still have time to Make Hay while the Sun shines.

aimo

"No mention of divi. I'd say they are spending the cash on something else. ;-)....."

Suits aren't cheap you know .... ;-)

imo

This comment caught my eye ... "However, we will continue to screen all opportunities vigorously and prioritise delivering shareholder value over simple additions to scale..."

Unless your name is Nick Leeson ..lol

Simple .... one of two reasons:

1. We are going bust.
or
2. We are positioned for great growth and recovery.

We all know it's option 2 ..... hence why all the effort to take us down on NO NEW NEWS ....

I'm looking for us to recover to +300p within 18 months.

Remember, ONLY 12 months ago we were sat at 375p !!!!

gla and atb

TMU, not the bonds I have looked at ... close to top but still a fair way off and tbh, have been pretty stable other than the covid outbreak in Q1 2020

"Fingers crossed....."

I've had my fingers crossed for so long now, they have melded together ... makes extraction of unwanted residue from my nasal cavity particularly challenging now ....

They will be looking to crush retail so may well go for stops and sub 100p flash drop .... if so, my cash / orders are ready and waiting.

In the meantime, will slowly feather in to my holding .... looking to build a significant position as oil will rally back to +$65 by year end and in the meantime, all those covid deferred Capex projects will be back on stream.

Two gaps to close this year imo.

aimo

Take it you are now BACK IN .....

US Futures / DOW not excited atm at all about today's events ....

"That tells me that they now want people to actively know their position has grown...."

Don't forget, they now need to 'buy' time to do a 'controlled' close of positions ... no good if a sudden rush is made worse buy them closing their shorts.... they will close a fair percentage at these levels, swapping to longs as they do ready for the +50% ride back up. All about control atm .. not enough buyers to produce any meaningful bounce atm. Next week will see progress imo, until then buy the dips and hold aimo.

BoT's full have it atm

And I would suggest that once 164p goes, the gap at 211p would follow too.

We know the BoT's WILL target the gap at 164p at some point .... just buy 'n' hold.

aimo