Member Info for NewKOTB

Best get them now so they count,

Well deserved btw

Hummmm !!!!

Weekend upon us .... that doesn't stop the Chinese doing business.

gla

250SWB,

"it will now be on the radar of many PE companies so I expect corporate action at some stage..."

Totally in agreeance.

I personally will be looking for this to happen occur summer or early Autumn, if not before, otherwise the window of opportunity closes and I will be more than happy to ride out the next +2 years to see the SP advance substantially.

Are you a Ferrari man ?

atb

Appears as if the BoT is having a lie in this morning ... so far !!

Very unusual ..

SP average for Jan, 133p, Feb 131p, March 124p, April so far 120p (2019 to date 127.25p) .... utter madness given our results last week and our BKR road-map for the next 3 years.

Average closing SP for 2019 is 127.25p, given our results RNS last week, I would say the current SP is not a true representation of our value. Should be easily trading in the 130p - 150p imo

We need to move to Main Mkt, the ease of manipulation is unbelievable.

600k of trades moved the MCap down £17,000,000

Gas up 3%, Brent up at +$74..... SQZ down 5%

Right, orders placed for gap fill and bounce tomorrow.

atb

Very low volume ... so the BoT keeps driving the SP down ....

Almost back to pre-results RNS.

This is another one that is a week old, but not sure once again if posted:

https://www.youtube.com/watch?v=rh-Y_OJYSzw

Sky News:

https://www.youtube.com/watch?v=erL6WlYJeB8

Harts,

My money is on another OPHR imo.

All be wrapped up easily by year end.

JAdam,

Hope you are watching the trades today .....

atb

Taken from results RNS

Serica has continued the planning for the R3 project and expects to start inspection work on the well this year. Final well planning is in progress and it is likely that the re-entry and recompletion will take place in early 2020. The well is already connected to the necessary infrastructure which will facilitate bringing the R3 well on stream quickly after the operations have been concluded.

So, now I'm not sure where I got mid 2020 from myself !!! I will continue to search.

"Limited exposure to commodity prices
The BKR Assets are predominantly gas assets and, as such, have limited exposure to international oil price movements. Under the Product Sales Agreements Serica UK will sell all of its future production from the BKR Assets to BP entities and has hedged 60% of its retained share of the gas production for 2018, 60% for 2019 and 40% for the first half of 2020 at a floor price of 35p per therm. The cost of these hedging instruments has been drawn under the Prepayment Facility. Gas price hedging mitigates risk for Serica in relation to the Acquisition..."

After little more than the 10 minutes gas was down over 4% today for NI to harp on 'we're all doomed', it finished just 0.5% down.

Maverick,

Any acquisition is subject to the approval of Shareholders, which is being sought at an arranged General Meeting.

Remember the BKR deal was totally left of field and out of the blue.

JAdam,

Welcome to 'seeing the light' club ......

My comfort out of all of this is SQZ is an extremely profitable company and will be for the foreseeable, so that leads me to think all these shenanigans is to acquire SQZ, that's what I am positioning myself for atm.

My timeline for this to come to ahead is this summer / early Autumn. Why, the last reason any interested suitor wants is to pay more than needed .... we get R3 sorted or another deal wrapped up and window of opportunity is lost.

I have to look at this in the context of a recent investors presentation where Mitch was quite adamant that R3 would be online asap, yet it has 'slipped' to mid 2020 as it stands. Why ? It does not make sense if our BoD wanted to protect us from a low offer.

So it could be that another deal is in the offering and this could be the reason for SP manipulation, but to counter that, the deal must have been on the table for a considerable time to match with the manipulation.

These are just my thoughts, but as sure eggs are eggs, there is something big going on in the background aimo

PS There was 5 large trade 'corrections' today from Wed and Thursday last week ... keep watching for these also.

gla

Maybe we should take on US$2.3bn of DEBT.

As Premier oil's SP rose today 4.70p (+4.63%)