Member Info for NewKOTB

All the trading houses will be all over Zioc like you can not image ....

Gla

If so expect an almighty shake if no RNS in the morning

Imo

Happy with close today, could do with confirmation of breakout on Monday, if so I would be looking at a rise of mid to late 130's, that's 135p-137p imo. If we could get there before H1 results impresses the markets then we should move to into a new trading range 140-165p (once 141p broken) upon release of H1 results and comfortably remain so, with positive licence renewal and R3 news to follow.

aimo & atb

H1 reports could drop any day imo.

Historically it has been mid to late September .... but who knows could be earlier or a little latter.
Either way, I'm extremely comfortable with the wait, as I know the figures will be amazing vs H1 2018.

aimo

Right at top of down channel atm, good close tomorrow should see us breakout the downtrend imo

atb

Wowwww , 'normal' close today, no shenanigans with UT's today, as it should be !!! Closed Up 5.4pts (+4.95%)

31.010p as of 10:17 AM, +0.419%

Bid was 112.2, offer was 114.6 and we close at 109.2 with our 'reliable UT', up a pathetic 0.6p

Manipulated on low volume for yet another day ....... quotidian indeed.

Although we did get the CODE 1 , single trade at 16:29:59. lol ..... big news tomorrow ..... lol

atb

Unbelievable ..... dropped like a stone on UT, FINISHED day up 0.6p after being up +5pts

Totally rigged ..... SQZ get this looked at.

IMO we have been asked by a third party for independent verification via a Bangladeshi controlled company of our asset.

Question is ........ is this part of DUE-DILIGENCE, imo, I think so.

Disappointing day once again, nothing but one after another of tiny few hundred £ 'AT' sales for last hour and an UT that completes the drop. Close of 108.6p !!!

We could be looking at gross profit of >$105m for FIRST six months of 2019 or >$200m for 12 months, against our current MCap of $350m. With possibility of >$180m CoH, $140m tax pool, producing >35kboepd and no real debt at YE.

The deal our BoD are working on must be a real blockbuster.

atb

Still need to break out of the down channel from May .. almost made it on 23/8 .... when we do, we should see some decent buying once more .... until then the BoT has us by our ba$$s.

JAdam,

My estimates of first 6 months of 2018 vs 2019 would be :

Production BKRE up from c24.2kboepd to >33kboepd (+37%)
Cash and Equivalents up from $21m to $115m (+450%)
Gross Profit up from -$2.7m loss to $105m (+4000%)
Ops Profit up from -$10.9m loss to >$60m
Post Tax from -$8.4m loss > $65m

Clearly these last few figures could be way out depending upon large variables such as Admin (staff) charges and how we utilise our tax pool, when we pay our BKR transaction costs and any impairment / reversal and write-offs.

Either way, as I mentioned these should give the SP a right Royal kick up the rear and should show the market how undervalued SQZ really are atm.

Just our Cash and Equivalents should open a few eyes in itself, let alone moving from losses to substantial profits on our gross / ops and post tax figures.

What do you reckon ?

atb

6 Months (Jan-June) results due any day this month, probably towards the second half, but who know, SQZ may surprise the market and post them early. Either way, I'm expecting some great figures from production, ops profit and CoH. Sure we will have an update on R3 too.

Yes IMO, if allowed !!

atb

Kris,

You are correct as in gas is in GBP, although Serica’s condensate allocation is sold as Forties crude oil and in US$ afaik.

Not sure how SQZ NGL products are sold, guess GBP !

For example, a 10% strengthening of US$ against GBP would result in additional £4.9m profit before tax on crude sales.

Although this is relatively immaterial as in for 2019 accounts and onwards, these will now be presented in GBP and not in US$ to reflect SQZ operational change since BKR transaction. When reading our 2019 accounts, this change would need to be taken into consideration when analyzing against previous years.

atb

Rellim,

"I think we'll have a clue as to how SQZ announce the result of the Rhum 3 investigation as to their confidence in having the OFAC licence renewed. If they announce a date for the re-entry early next year, I think we can take it that they've been "given the nod"..."

Agree fully, hence why SQZ have recently visited R3 for preliminary investigations, otherwise they would not be able to give any type of timescale for re-entry. They have to know its still a "goer" in the first instance.

"As you point out, next year, even without another deal will be quite something, just imagine what it could be like with even more production,...."

Yep, in reality the additional 10% of the PSA should be looked at as a substantial uplift of 20% in receivables WITHOUT any CaPEx involved at all ! ...... "Xtra 20% FOR FREE"

atb

Don't think the acquirer / owner, of 226,757 (£261,220) shares is worried about results in any shape or form imo. Ask was slowly pushed up all day ! Plus 232,225 after hours, so someone is certainly getting their house in order !

What they do know, like all of us, is the growth potential for SQZ SP in the near future.

23-Aug-19 14:31:01 115.20 226,757 Unknown*(Mid Point) 115.00 115.40 £261.22k

atb

Yep, looking forward to our 6 months for end June 2019, cracking first 3 months, pressure on oil and gas recently but as mentioned offset by higher production and lower op. costs and hedging BP's BKR 35p/therm. Combine that with revenue in US$ and its relative strength to UK£ will make UK cost / bills so much less. Could be looking at circa $120m CoH for end of June. By the time the account are out, mid to late September, this could be $135m-$140m and looking to YE of c$155m-$165m CoH imo. Looking forward to improve production figures too. All in all, can see no reason why we should be trading as low as 113p. Don't forget results are for FIRST SIX months only, which, I stress again, will be excellent and show how undervalued and cash generative SQZ are ....

atb

Even after the last two days where we added c40% to our SP, SDX are still only at November 2016 prices ..... !!!!!

T/O is still on the cards imo.

Lets see what tomorrow brings.

Good volume 3.2m

atb