Member Info for NewKOTB

Don't forget we are only talking about possible interruption to production from our Rhum field only. As mentioned in my previous posts, SQZ even without Rhum producing (worst case scenario) are worth way north of current SP 108p with BKE production, excluding Rhum, in excess of >16kboepd, >$120m CoH, 68mmboe 2P and $140m tax pool and no real debt with only 265m shares in issue too.

Alessandro,

SQZ on 9th October 2018 received a conditional License that ensured Rhums compliance to operate and was ratified on 5th November.
I would expect similar again as we have already begun the renewal process some weeks ago..

Did SDX release earlier than expected for a reason maybe !!!

Tomorrow would have been better imo, given long BH weekend, unless we get something else to talk about too.

Excellent volume so far today...2.5m

No gap up this morning ... :-)

So should be looking, in the first instance, at closing in on the large 31p gap from here imo.

All looking a bit rushed imo ..... why ?

Alessandro,

My statement was referencing the regulations behind any approach and the timelines involved against the 31/10.

As for >200p, once the licence has been renewed we only have 2 months until another 20% uplift in BKR revenue and no doubt another accreditive deal within the next 6 months, any suitor would need to think in terms of at least >200p, aimo.

shakey,

Not happy when it falls, not happy when it rises ..... come on, it's going up, regardless how, it's sucking stock and if nothing else, slows the decline imo.

Need to update their security certificate, as it has now expired ..... GO DADDY !!!

ERR_CERT_DATE_INVALID

Yemeni forces have conducted attacks on an oil field affiliated to Saudi Aramco in the east of the kingdom in retaliation for Riyadh’s war on their country.

Oil facilities at Shaybah, which has the largest strategic oil reserve in Saudi Arabia near the UAE border, were targeted by 10 Yemeni drones, the Yemeni broadcaster said Saturday.

https://www.presstv.com/Detail/2019/08/17/603763/Yemen-Saudi-Arabia-Shaybah-oil-field

The window of opportunity is closing fast for anyone that fancies SQZ.

I would say that any suitor has only 2 weeks left, after which they can forget anything less than 200p

imo

Really acaciatan, only 3 days ago you stated "This SQZ I bet going to surge in very very soon." ...... so 3 days is too long to wait !!!!

lol, leave SQZ to real investors and not fly-by-night ones.

lol ..... it's back !!!

"Trading in the biggest shares listed on the London Stock Exchange has been delayed for more than an hour because of a technical problem.
Shares in the FTSE 100 and FTSE 250 indices were affected by the issue, although smaller stocks were trading.
The LSE said it was investigating a "potential trading services issue", and an update was due at 09:15.
The last time the market failed to open on time at 08:00 was in June 2018, when it was delayed by an hour..."

I'm still unable to trade on any UK stock on my platform atm .... I blame the Russians.

"The OFAC issue is currently keeping me from buying more...."

I think most PI's, indeed the world, who 'fear' Trump and the way he acts probably agree, me unless he uses the licence as leverage, ie Blackmail, for getting trade deals done pre Brexit there is no reason not to buy imo.

Our board would be fully briefed and no doubt taking all legal and professional advice to ensure successful renewal. Combine that with another deal waiting in the wings and H2 results, 103p has to be an excellent entry.
Should the BoT take the SP <100p then it will be bought into rapidly imo.

As mentioned in my previous posts, SQZ even without Rhum producing (worst case scenario) are worth way north of current SP 103p with production, excluding Rhum, in excess of >16kboepd, >$120m CoH, 68mmboe 2P and $140m tax pool and no real debt with only 265m shares in issue too.

Xivan,

Those who can see past OFAC are buying now and should a deal land before renewal, the train would have truly left the station. As mentioned before, I can not see any justification in not renewing.

As for getting the SP moving again, our H2 results will address that too.
aimo

sasa43,

Yep, looking forward to our 6 months for end June 2019, cracking first 3 months, pressure on oil and gas recently but as you 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 103p.

There will be no slow and steady recovery in SP, but a rather abrupt t/o and basement prices.

The SP has been 'managed' for months and months for this sole purpose imo.

Not long to go before the cat is out of the bag. Just a case of guessing the bottom and trying to recover some losses.

aimo

It's not about demand but the SP being played day after day by the resident BoT.

The next deal, which imo is being worked on atm will see demand of real investors return and the likes of NI vanish into thin air.

NB See SXX are down again this morning, how many PI's have you managed to spike !!

During 2017 SQZ averaged c2.8kboepd from Erskine, had £25m CoH and 2P of 3mmboe with an average SP of circa 27p

Fast forward to 2019 where SQZ are averaging >30kboepd from BKRE with £120m CoH and >68mmboe and our SP now at 104p.

Simple pro-rata based on >30kboepd production alone (ignoring the additional £100m CoH, worth 38p itself) and compare to 2017, SQZ should be comfortably trading at 290p

Even without Rhum production, just BKE, our SP should be c158p

I am aware of how simplistic this is, but what it clearly shows is the disconnection between pre and post BKR to todays SP.

I'm sure our BoD find it difficult to understand too....... 104p REALLY !!!!!

atb

upomega,

"Serica will not be able to progress whilst holding rhum ....

Sorry but you are way off target imo.

You are starting to sound very negative towards SQZ and by implication the ability of our BoD.

As mentioned in my previous posts, SQZ even without Rhum producing (worst case scenario) are worth way north of current SP 104p with production( ex Rhum), in excess of 16kboepd.