Member Info for NewKOTB

That's it guys, until next year .....

2020 The Year of The Serica

HNY

Oh, and that day is almost over .....

gla

Only 1 trading day left until our BKR revenue gets a 20% uplift for zero CapEx as per PSA ...... that will be virtually equivalent to adding another well (i.e Erskine ) with zero risk and 100% CoS ..... Almost all £££ of which will go straight to the bottom line.

Cash keeps rolling in, est £100m CoH, Maiden Dividend expected soon, Zero debt and only a cats whisker away from announcement of the next mega deal for SQZ or even two !

So looking forward to 2020

HNY to all.

Now into $67 territory ... :-)

Niles,

"Serica don't have the cash reserves to purchase either of Andrew or ETAP, unless its going to be on a IOU and take of decommissioning responsibility like they did on Bruce..."

I would have no doubt any deal would be structured on the same terms as BKR. Very little upfront payment followed by, small, I would say 'token' payments split over the agreed terms within a PSA covering 4 years.

The BKR model, (which has now been successfully proven) was very innovative and I see no reason why this model can not be applied to future deals including Andrew and ETAP. You could even compartmentalize it as multiple IOU's if you wish that also include majority of decommission cost covered by the seller (BP).

https://www.serica-energy.com/downloads/Serica%20-%20Supplementary%20Admission%20Document%20(FINAL).pdf

So, you see, an outright cash purchase is not the only option here for SQZ.

aimo & atb

Niles,

It wasn't the UT that took us down it was the BoT 'A' trade at 12:29:55 for 130.60 sell £5,130 that caused the drop. The UT was just the icing !

Not sure how long you have been watching SQZ, but the BoT 'A' trades regularly make up >90% of the days trades, have been for over two years now. These BoT's have been in full control of our SP and I'm still no the wise as to their end game !!

Have a great day tomorrow ..... unless you are working of course :-(

With 5 seconds to go after being flat all day .... dropped 3pts

Someone wants a decent buy point on Friday imo

Niles,

Figures were taken from a report in June, so are not the latest.

Be appreciated if you could provide more recent figures for the Andrew cluster and ETA Project.

Regards & atb

Dilberty,

Agree, both Andrew and ETAP are also probable targets for SQZ, maybe more so than Shearwater.

Andrew, c18kboepd gives SQZ another challenge in that to maximize the return, SQZ will need to be innovative with who and how they work with and fracking is the real challenge here for SQZ ( not sure how much in house experience they have).

As for ETAP, (c21kboepd) this also give rise to another challenge which imo is more suited to SQZ skills base imo. Re-using existing infrastructure to create another new NS hub and subsequently greatly improve operating efficiency .... which is why this is a front runner of the two options imo.

Shearwater is an outsider, as you say, SQZ aim to be operator. But given Shell backed out of the deal to acquire BP's 27.5% makes me wonder ..... would they too be looking to off-load for the right deal. Particularly as Shell have now seen BP BKR model proven.

Too many mouth-watering options ..... whats not to like.

Not long to find out imo

atb

Upomega,

BKR hedges continue to run into 2020.

Also SQZ have previously stated "SQZ will also seek cost effective opportunities to add to its existing 35 pence per therm gas price puts", which they no doubt have done imo.

Only 4 trading days until our BKR revenues get a 20% uplift for zero CapEx as per PSA ...... that will be virtually equivalent to adding another well i.e Erskine ..... Almost all £££ of which will go straight to the bottom line.

Cash keeps rolling in, est £100m CoH, Zero debt and only a cats whisker away from announcement of the next mega deal for SQZ.

So looking forward to 2020.

Nothing to do with not wanting to carry stock over imo .... just continued SP manipulation.

atb

Just trying to get an idea of the impact a deal for BP's share of Shearwater would do for the SP.

Working on the assumption a deal akin to BKR for BP's 27.5% and the impact BKR has had on our SP to-date.

So for circa +17kboepd estimate an additional 63p, take us to c183p - 203p, however should we also pull off Shells 28% too then we could be looking at c249p-269p imo.

Either deal would be welcomed.

atb

Germany and Russia have reacted angrily to sanctions approved by US President Donald Trump on a gas pipeline between the two countries.

https://www.bbc.co.uk/news/world-europe-50879435

"Could get back over 18-20p tomorrow with momentum building .....2

From someone who doesn't know which day it is ......lol

I would be happy with a mid-tier producer, so long as we don't 'give away' our assets.

Brent breaking $66 and gas up +5% over last two days

n/m

Could we be in for another red dot in the morning !

Not anything major, just an addition to our portfolio rather than the mega deal we are waiting on atm.

More probable than a full t/o at this point. Although, I guess they would want >50% and operator rights too.