Member Info for NewKOTB

More to follow on further weakness.

Significant and unusual amount of large trades going through, so interest is still very high atm.

Always be traders. Wonder how many were left on the sidelines yesterday ?

All time high, hit, so expect the SP to take a breath before we march onwards.

Should be a decent day with Bank Holiday also upon us and lots of investors with time to look at recent news events .... which of course will include SQZ.

Tuesday will show us the strength of our company.

aim

It appears that our Corporate Strategy is finally stating to pay dividends ( possibly in the literal sense also ).

The Irish and North Sea are still very much viable, just the case of getting the right deals done ! ( easy to say ).

Does anyone remember Kambuna, typical example of trying to run before we could walk. Not anymore, SQZ game plan looks set to grow the company substantially and, at the moment without the fear of endless dilution.

Perhaps now is the time to move from AIM and to Main market listing, which investment house would not take SQZ seriously now.

aimo

JAdam,

Done.

Have a good evening all.

Great day, and can I once again say a massive thank you to our BoD, without whom none of this would have been possible. Our relationship with BP has been and will prove to be, a strong and fruitful one for some time to come imo.

To our board and new employees, who many no doubt have also become SQZ shareholders recently, even a recent as today, a massive thank you for your contribution in making SQZ a success that it has and will continue to be.

Regards

Now the world has seen how profitable SQZ are, we could get taken out, pronto !

SP needs to continue to climb in order to deter any suitor than may have eyes for us.

With the production path already laid out, anyone could get us for peanuts and make a killing in the process, although they may need to get rid of the monkey !

I did say that PW is playing a dangerous game and that our low MCap may gain unwanted attention.

I hope so.

That's the type of headline I like ..... "BP deal hands Serica Energy a five-fold surge in profits.." although it was not exactly handed to us. Lots of work still to be done, and as we well know SQZ are up to the task.

Lets hope we get a few more investors that do the slightest of research as they will surely sign up to join the SQZ club.

The market will be looking forward to another material deal with the amount of cash SQZ is producing and had on hand atm.

I think due to R3 production being pushed back this is odds on imo "Final well planning is in progress and it is likely that the re-entry and re-completion 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 to confirm "Serica’s M&A strategy utilises the flexibility provided by operational capability and strong cash flow
from production. These combined resources mean that the Company is superbly positioned to react quickly when attractive growth opportunities arise at any point in the oil & gas life cycle.."

Currently sitting on estimated +$100m in cash ($91.8m as of 31/3/19)

"The amount of the pool was approximately US$139.3 million at 1 January 2019.."

The BoT will be working hard to keep the SP under control today .....

New deal in the making imo .....

2P reserves now include an additional 6.2 mmboe from Columbus

for sure .... imo

R3 pushed back to 2020, only one reason for that imo ..... we are working on another deal, for sure.

We added $37m in first 3 months to our cash position which stood at $92m.

So we could easily be looking at c+$200m in CASH on HAND at year end 2019

2018 basic EPS on profit for the year: 22p

Compare that to 2017 of 5p.

Re-rate on the cards for sure.

Q1 2019 production levels increased to over 30,000 boe/d that 20% increase from 25k boe/d

https://www.serica-energy.com/downloads/presentations/2019-AR-for-website.pdf