Member Info for NewKOTB

Interesting, very Interesting Gold back to 2019 prices !!!

Duster, agree, amazing .... so the world should now take the health of its people and the planet seriously. Just as well its not Ebola, with +50% death rate ..... against projected of 1-2% of infected for covid-19......

I would suggest that the lack of traders on the trading floor will force the stock market to close before long. Unless they are all run by BoT's already !!

sasa,

AXA increased their position last Thursday .... (opened at 85p, low of 77p) ..... Total Volume on that day was only 720k so clearly have been accumulating their 2.6m shares at much higher prices. I would suggest they are actively adding more atm and fully expect another TR1 to that effect before long. If AXA see value, other existing major holders should do too imo.

Noticed too that other than one or two days the volume has been not much to talk about given the market. This suggests that our resident BoT is the primary driver of the SP ATM and holders, in general are happy to hold.

atb

BB2021,

Have you now read the RNS's and companies website, if not get too it asap and see what value is locked in at this price.

Otherwise you will be viewed as having a motive, particularly as you are a new avatar today !

LOL .... soul.

NI's boss continues to short stock as the gofers continue to spread fear across the markets.

Yes, lets shutdown the entire NS, but lets not stop there .... close petrol stations, refineries, service companies and suppliers. He!l, lets just all call it a day shall we.

NI you really are showing your true colours.

In the meantime, AXA added another 2.7m shares whilst others are selling.

No disrespect intended, but you should have started with RNS's and companies website for all the accurate information you require.

AXA Investment Managers SA have INCREASED their position.

" but why is it being allowed in this climate. ....

It's the cities and by default the UK's primary earner .... so when and if they do ban shorting you know the markets bottom is in.

With news out of the US, guess all Americans will be stocking up on guns and ammo while the Brits get 50 rounds of bog roll.

What a sh&T market it has been this year so far.

The destruction of large companies will push back R&D budgets 10 years as survival becomes the only game in town. So reliance on fossil fuels is set to increase imo as countries turn back to established low cost power supplies.

Another horrific day on the markets, strange though how I now see a +5% FTSE fall as an OK day.

Both SQZ and RRE should agree to merge and be suspended Monday, even if after 3-4 months talks breakdown, I would hope by then sanity has returned to the market.

Gwillerz1978,

"Please buy serica....would be a fantastic larger company as a combination!.."

As a holder of both, I would go for that. However, for a Serica holder they would want fair value c180p so would vote down anything less imo, unless it was tied into a share deal with RRE (100p cash + RRE shares) so they could also see partial rewards too.

Remember that Serica have:
+£120m (est) cash on hand
No debt
Tax pool allowance of £110m
Production >41,000boepd gross (80% GAS)
Opex <£10.60 boe
Substantial hedges in place
60mmboe 2P
Low CapEX for 2020

So a CASH plus SHARE offer equal to 180p would get Serica at a bargain deal imo, could go for a cheeky 150p for opening offer.

Saying all that, I do not see either SH at this given time not agreeing to a merger tomorrow ... combined forces would serve each other well into the future and should be their immediate goal.
aimo.

Oh, also we still have:

+£120m (est) cash on hand
No debt
Tax pool allowance of £110m
Production >41,000boepd gross (80% GAS)
Opex <£10.60 boe
Substantial hedges in place
60mmboe 2P
Low CapEX for 2020
Experienced and proven BoD
SP has fallen circa 50% off recent highs

TBF, any deal we would do now would more likely be a RTO, given we have an MCap of less than <£100m

What we want IMO is a deal to be announced soon (merger or RTO), shares suspended until late summer ( or however long we need to drag it out) ..... then back to the market with an enormous boooooom !

Rookie,

"Hate to sound like a conspiracy theorists but there is more to this than we know and I’m sure it was always intended to spread..."

Just to add my thoughts for a penny ..... once the new vaccine has been produced, what to say that isn't altered to add a little extra ..... may be female / male infertility to stop the world population growing. Or some other nasty to suppress / reduce world population !! Everyone will be so conditioned to want the vaccine, no questions asked, job done !

Or even, a vaccine has already been developed and given to the select few, virus released and hey presto.

All to help solve climate change with world over population and allow the elite to survive.

Upomega,

Few things need to be factored in which will make an immediate difference to our bottom line if not already accounted for:

1. During 2019 we re-paid, in full,the one off cost for the gas repayment facility, saving us £16.5m this year.
2. Lost earnings / costs for the 5 weeks BKR off-line.
3. R3 and Columbus Capex scheduled for Q3/20 and Q1/21
4. H1/21 R3 and Columbus producing (gut feeling c8-12kboepd)

Think the low oil prices are with us for a few months if it was Russia and Saudi's intention to break US shale. Trump is in effect ensuring a market for US producers once 'natural' demand falls.

Quote:-
"President Trump also announced that the U.S. government will buy ''large quantities of crude'' for the Strategic Petroleum Reserve mentioning that this would save the taxpayer billions of dollars, while helping out the oil industry, and working towards the goal of energy independence."
See:-
https://oilprice.com/Energy/Energy-General/Oil-Prices-Fall-As-Trump-Declares-National-Emergency-Over-Coronavirus-Outbreak.html