Member Info for NewKOTB

sasa,

Thanks

You noted also "their reiteration that they 'won't overpay' " & "'crowded' market place" too.

To me that signals at least one deal fell through as the price was too high or the competition was fierce.

Lets pick off some smaller deals in the meantime that fulfills our "Strategy to Deliver Growth"(p23), get Columbus online and R3 together with Eigg development and 2020 is shaping up to be even more successful atm. Should the mega deal surface, icing on the cake .... as if we don't have enough icing atm

5p pa dividend to begin with is fine for me, (4p maiden)

atb

Nice to see intra-day auction ..... first one for sometime.

First time ever I have had posts removed .... clearly the truth offended the rampers.

Last post on LEK for today.... hope the true PI's manage to recover their positions.

atb

Looking at improving recovery too from current fields.(p16)

"Infill drilling: Serica is evaluating infill wells for the Bruce reservoir...."

Morning, so how are you going to play this one OMgr !

Be careful, we could end the day >75% down. Although the MM may want to play for a little while yet.

Only invest what you can afford to give away !

Clear hedging also in place adding to our current BKR hedge with BP. (p9)

Fiscal stability, name of the game here.... wonderful

Latest update:

https://www.serica-energy.com/downloads/presentations/Serica%202020%20Corporate%20Update%20Final.pdf

So, once more not too far our, given we have had half of Jan to add also to our cash pile ...

"IMO, current estimate of circa $140m in the bank and looking to add a further $125m this year too.
With no acquisition, we could easily end the year with >$265m CoH (approx $1/per share)...... certainly room for maiden dividend at some point this year....."

Once again, SQZ delivers on all fronts ...... now, just one more thing, where is that mega deal lurking?

atb

Not hanging around with our new licences ..... "North Eigg Exploration Well preparation in 2020 ..."

Must expect good results from this "The primary prospect is North Eigg which is estimated to contain 360 bcf (P50) and potentially over 1Tcf (P10) of recoverable gas..."

Maverick,

Chances are NI boss would have shorted it soon after the 100% rise ..... so unfortunately it will be true PI's that would have got spiked ..... tomorrows open will be a nightmare for them, some may never recover, just hope nobody suffers losses other than financial. Although that in itself can take a lifetime to resolve. Will LEK ever recover, not so sure myself, but going on the fiasco, not just the past few weeks, but months and years, who knows. No doubt NI will be back on LEK spouting his rubbish at some point.
That is why I find NI intolerable and what he represents, but like you Karma WILL catch up with him et al in the end.

atb

TRP, up 37% today on hope a deal is forthcoming for their asset in Namibia.

If TRP could get a deal, I'm sure that SQZ could too .... !!!

ATB

..... sorry, empathy !!! lol

OManager, it's called being emphatic, for which I do not apologise for. Money is not the key driver in some peoples lives.

Third person ....

Because I was in Afren .... kept averaging down in my innocence..... can see the same being played out here.

BTW, I have no intention to trade, invest or short here .....

Best of luck for all holders

I'm not actually in ..... although I was several months back, sold at loss.

I was in Afren BIG TIME ..... enough said.

ATB for tomorrow peeps.

The licence is the only value here and I'm afraid that it will not be held by LEK for much longer.

LEK have needed funds for months and the surprise RNS that magically resolved all our concerns at what has now shown to be pack of un-truths, is the last straw in terms of LEK having any hope of moving forward.

The writing is on the wall, open well down tomorrow and will not be surprised to close on all time low. This will be highly volatile tomorrow.

They said Afren II could not happen ..... I think today has raised more questions than answers, that's for sure.

Really finding it difficult atm to see a way out of this mess.

What ever you decide to do, make sure it's on the assumptions you may never see your cash again.

atb

"Stop orders wont be filled where people want them thats for certain..."

nor will buy orders ..... they will be a lot higher.

PI's only ever losses out.