Member Info for NewKOTB

Yes, read them, not much in terms of potential reserves, but hey, with our team we could extract juice out of a plastic orange.

All good afaic, forward looking company, I'm sure we will turn one or more of these licenses into a little gold mine, metaphorically speaking.

atb

Interesting, just noticed, that Shell, BP, Total, ENI are all looking to be awarded NSCS licences too ... :-)

Now, lets just "get" our SP up to a more realistic level.

With these recent licences added, together with Eigg's, SQZ are clearly looking to extend Bruce's economic life and subsequent push out even further our decom liabilities too (although, as it stands, our decommissioning liabilities are already particularly limited) . More throughput will also lower our Opex, all good.

Now, lets just our SP up to a more realistic level.

atb

sasa,

That's what my assumption is too .... lets hope on same terms, which will take us to early 2022.

With R3 re-entry about to commence, one would hope that OFAC extension is officially confirmed soon too.

atb

SQZ must have a lot of data on Rhum, so it's no surprise that we went for adjacent blocks east and north east of Rhum. Together with North and South Eigg, as they say, 'we have you surrounded'.

chinch,

"16 months and we will have the full assets producing over 40,000 boepd from circa 30,000 now. The exact figures are in the presentation..."

With R3 we could add anything between 7-10kboepd to that too, not forgetting Columbus either est 3.8kboepd net.

atb

Apple vs FTSE, who is the winner ..... "Apple more valuable than the entire FTSE 100"

UNBELIEVABLE but true ..... very sad reflection of our UK markets and how they are managed imo.

https://www.bbc.co.uk/news/business-53996191

Low,

You need to do more research about field depletion and recovery ... its not a straightforward maths sum as you expressed.

I have no worries about our reserves now or in the future.

Good basic place to start is our own review of 2P's carried out recently.

atb

Difficult one to call in terms of how the interim's will be viewed by the market in today's climate, we should however see significant cash on hand growth vs H1 19 (£88.2m), I would estimate at c £127m (+45%).

Should SQZ include an intent to pay interim dividend of say, 2p that in itself would ensure a positive response against the backdrop of numerous companies reducing and cancelling dividends.

We had record lows on POO, with Nat Gas in single digits too. Lost production of 5 weeks due to unused caisson repairs on Bruce would lower our boe average. On the plus side, excellent hedging of 64% gas production at an average of 39.35p/therm, increase of 20% of our PSA with BP, cancelling of the Forties Pipeline System summer shutdown also helped offset our forced repair.

atb

Lloyd's was the making of exceptional circumstances, so yes they are, but they are not in the same camp as BT afaic.

atb

If we fall much further I can see us having a capital reorganization , say on a 1 for 10 consolidation followed by a rights issue for holders .... BT shares changing hands at sub 100p is not good from a perception PoV. Don't think we have any other FTSE share that has Mcap of +£1bn that trades at sub 100p, let alone £10bn.

They only time the FTSE turns blue, is when the market is closed and we are on futures ..... lol

"Whoever has been eyeing the company up is watching the price slide in their favour...."

They will be active in driving the SP down, not just watching, should they want to bid for BT in the near future. BT need to be more proactive in defending our company.

Oh, forgot, too late to sell now, last trading day was last week.

Have to wait for payment. Sorry :-(

LC,

Latest date for dispatch of cheques and crediting of CREST for cash consideration due under the Scheme 14 days after the Effective Date being 2nd September ..... so any point between 2nd and 16th afaik.

Unless you use CFD etc, if so you would need to contact your provider to see what your agreement is as the Long Stop Date is 11.59 p.m. on 28 February 2021.

https://www.lse.co.uk/rns/RRE/results-of-the-court-meeting-and-general-meeting-y2nodvs9vxezb5p.html

atb

It appears the world and its dog are shorting every ftse stock atm ..... so many are either oversold or on the cusp of being so.

What are your opinions, will 150p provide some resistance ?
Maybe BT is good for a quick, 50% bounce trade at this level.

Gap, well and truly closed today ..... time to move back up one would think once shorts closed and longs opened !

Not only that, but the dice are loaded and the room is in total blackness.