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Interesting timing of such an article I would say, stating , "The big shareholder groups in Serica Energy plc (LON:SQZ) have power over the company..." Have they recently been exercising that power I ask myself ?

https://uk.finance.yahoo.com/news/institutions-own-serica-energy-plc-120729654.html

Link thanks to joestalin over on other BB.

PS See our BoT really liked the angel number 555 trades today.

Really .... lets re-open at 1000p ...lol

GGG,

"We now sit here wondering whether it's complete bull****, or if genuine discussions are taking place...."

Hit the Nail on the Head ..... (not that Pinocchio would be too keen on that.)

Andre01,

Thanks .... Sometimes I think that the only clever investors are the ones that aren't in ZIOC.

I'm a relative spring chicken .... only been waiting 4 years.

atb

Like many I'm disheartened with constant lack of meaningful tangible progress .... this is being lined up for a low ball t/o, probably by a PE backed entity imo ..... for them to flip it for many, many multiples for which they acquired the ZIOP. The odds of any shareholder here seeing +100p is exceptionally low atm. I'm more and more leaning towards a takeout at around 31p (£90m) .... ( or around +500% from current SP ) then watch the project fly. Persistent lack of SP traction is telling.

Really, really hope I'm way off with my assumption, but the little guys very rarely win big ....

aimo

imo, the can is getting so large now that our board know they will end up with broken toes soon. Answer, loose the can.

"Other opportunities under investigation..." bit of a catch all statement, but as its in our RNS has to mean something, just hope its not the purchase of steel toe caped boots.

Joking aside, the RNS does appear to be more +ve than I would have expected.... are things about to start moving at long last ? Could we soon see double digits !

atb

I would say that M&A on the UKCS is about to kick off. POO and Nat Gas strengthening combined with a massive shake-up of historic 'Seven Sisters' operators wanting to exit NS assets. Tailwind, NEO, Siccar and Viaro are said to be on the hunt atm. PE backed companies with plenty of cash and wealth funds will be the front runners, we have already recently witnessed the beginning with RRE.

The problem with SQZ, is we are both hunter and the hunted.

atb

"BT is beset with indecision..."

I think you are correct, but I'm not sure !

Have a safe w/e all ..... PS little top up today for me

atb

Flexmw,

"I suggested Serica has a Twitter Account to management to spread the word...."

I fully agree, you only have to look towards other oil companies out there to pick out the benefits ....

https://twitter.com/PremierOilplc
https://twitter.com/TullowOilplc
https://twitter.com/BP_UK

To name but a few ..... so much could be communicated ... self promotion starts within. Ideal way to promote our ESG to the younger generation too.

I would even 'man the pumps', for free, if all they need is someone to post tweets. Think this is simply a case of old school vs the modern world when it comes to utilizing social media.

SQZ first tweet could be ..... 'SQZ board have agreed an all share cash offer of 250p/share for the entire capital of Serica from xxxxx' ... now that's the type of tweet I would not mind.

atb

Yep, -6.5p (-6.5%) for afaik, no reason ... Massive number and I mean MASSIVE, of 'Machine Gun Kelly' BoT trades today (vast majority all sub 1000 shares), frequency of which accelerated substantially into close like I have never seen before on SQZ or indeed any other share for that matter.

Over 750 trades today with above average volume too ...... wowwww !!!

Lets see what tomorrow brings.

atb

Lets see what our UT looks like shall we, not that we need to guess !!!

Next week we increase our hedging for Q4 with swaps by an additional 110,000 therms/day to cover circa 38% of our gas production at 37p/them (October futures 31.76/them atm)

BoT's are really firing them in today ..... aka 'Machine Gun Kelly' style to kill the SP.

Is there an urgency now ?

PS My 'top up' yesterday was ill timed too.

atb

Upomega,

"taken over at 1.20 .... "

Don't think the board would agree to that so any approach would need to hostile. So many would vote against given our generic growth potential over next 16 months. I would vote against for sure, with the likes of the Hardy's, GRG and Mgt would mean circa 31% could vote against.

ATB

Algo trading has really picked up pace today ..... highest number of trades for some time....

Well up ALL day long .... going into close +1.6p at 16:29:59 ... ended the day closing DOWN 0.9p on UT again.

Why does everyone keep going on about Oil ..... BP business model is so diverse that in fact the volatile nature of commod's will aid BP not hinder imo.

Sentiment is driving the SP's across the board, all fueled by the MM. They know this is their last chance to create fear and drop the markets. Once US elections (regardless of the winner imo), Brexit are done and more importantly a vaccine is available watch the indexes power on.

Easy return to +380p by Q2 2021 ....

aimo

OldBNW,

I agree, one way forward would be to get into the carbon capture market early, maybe no so much electrification of platforms. The OGA imo will be eager to replicate the Dutch's Porthos project and are currently hosting series of workshops to target 2050 net zero.

Extract ... "The energy transition consultancy, Pale Blue Dot, has previously identified the Bruce field as one of the top twenty prospects by volume for CO2 storage, as part of a future potential Carbon Capture and Underground Storage (CCUS)
development..."

Mitch, as a member of OGUK will of course be in our corner too.

P16, "2020 And Beyond" https://www.serica-energy.com/downloads/ESG-report-2019.pdf

As far as revenue earning potential that would be many years off, but the publicity of being a frontrunner in such a high profile arena would earn SQZ brownie points if nothing else, or as a SQZ shareholder, do I not need to think that far ahead !

atb

The favored candidate is North Eigg, which is clearly visible on 3D seismic data and exhibits similar characteristics to Rhum.

https://www.offshore-mag.com/production/article/14183113/serica-looking-to-reinstate-north-sea-bruce-area-wells

In our case, several gaps where the opening price is lower than previous closing and not been above since.

Gaps can be generated when price climbs too. Generally these gaps are closed at some point and can be a red rang to a bull for bots and traders.