Member Info for NewKOTB

"the oil and gas industry will play an important role in the economy for decades to come"...

That is clearly at odds with what they have been saying in terms of further taxes. So either they are lying or haven't got a scooby-doo about how the industry works. Unless it means sucking all the cash from NS companies they possibly can, regardless of implications.

aimo & dyor

Closed up , 0.07% wtf !!

Couerdelion, watch the trades ..... simples really !

NV,

The SP has / is being managed ever since Energean became a partner and CHAR rejected a T/O approach imo, why, for me it's as simple as awaiting drill results and then either we re-rate or get taken over via MBO / ano entity, probably the latter.

aimo & dyor

"Q4 starts Sunday.." really !

"Serica will report its half-year 2024 results, and subsequent results and announcements, in USD"

Interesting, so we go back to reporting in USD, hummm, all the better for listing in US.

We moved from reporting in USD ~5 years ago, reason given at the time was that our revenue came from UK(£). So the read through is maybe we are looking at the minority of revenue now being derived from the UK and majority from overseas.

aimo & dyor

Also, You can now pre-submit questions directly to the company up until the day before the meeting, in addition to asking questions during the live presentation.

Get your questions in now, no guessing what will be the predominate topic of questioning.

Register if not already done so :

https://www.investormeetcompany.com/

aimo & dyor

SERICA ENERGY PLC will be holding a Half Year Results meeting on 10th Sep 2024 at 9:00am BST.

Yet Another significant Share Shuffle reported after hours executed ate opening SP, so it continues .... hummm !!

Date Time Trade Prc Volume Buy/Sell Bid Ask Value

27-Aug-24 12:39:53 286.70 1,965,000 Unknown* 302.00 302.50 6m O

27-Aug-24 12:41:26 286.70 1,965,000 Unknown* 302.00 302.50 6m O

By Alex Kimani for Oilprice.com Aug 21, 2024

"Last month, the U.S. Energy Information Administration predicted that U.S. natural gas prices will rally strongly in the second half of the current year thanks to production cuts. According to the EIA, the Henry Hub natural gas spot price will average almost $2.90 per million British thermal units (MMBtu) in 2H24, up from $2.10/MMBtu in 1H24, good for a nearly 40% increase."

And Ed'less Ed and RR want us to be more reliant upon imports mainly from Qatar and US, thank God we have our own GB Energy now ....lol.

aimo & dyor

"Hunt set an artificially low "price floor escape level" everyone knows is a con.."

Indeed so Dick, both Brent and NBP need to be BELOW said floor for an average of 180 days, so if the bottom falls out of the market for either Brent/NBP and the other never falls below, or either pops it head above the threshold for even just a short period, moving the average back up the qualify period is reset or never comes into play. In the meantime revenue suffers but taxes are still maxed out on little we earn. Now imagine low NBP or Brent where WFT has not been removed but this latest 'brainwave' of RR (if she has a brain that is) to reduced CA comes into play, my god it's not worth thinking about for many NS players would suffer unrecoverable financial damage.

One point worth mentioning, should the price floor ever be breached and WFT removed (lol), I bet there is no opposite and equal qualifying period of 180 days moving the other way where BOTH Brent and NBP have to be ABOVE the floor for 180 days average before WFT applies again.

Absolute scam of the worst kind this WFT, oh, sorry EPL !!

How industry & unions are not up in arms and marching on Parliament over this I have no idea !!!

Dick, as for RR 'seeing the light' in October, I too don't holdout much hope either. atb

aimo & dyor

'A' trade bot in total control, no reason for fall, just someone building a position imo.

Numerous small'ish sell 'A' trades then swathe of decent BoT buys.

aimo & dyor

"Either that or he’s lining up an MBO with the other main shareholder at 2-4x the current price .."

I've always said that AA is interwoven with our future, be it via financing (hence taking large slice) a MBO or acquiring the Moroccan business via another vehicle (YF) or in association with one of his other enterprises, ie Tag or just taking the lot for himself !

What valuation do you think the market would put on CHAR without its Morocco assets, ~6.5p maybe !!!

It's clear Mr Market has no idea how to value CHAR and hasn't for sometime, how will this change ?

aimo & dyor

"by whom..", Don't think the answer lies too far from YF Finance imo.

"importantly why..", that's the $64 million-dollar question.

aimo & dyor

Still seeing significant sells at BELOW placing, talk about our SP being managed, hummm !

aimo & dyor

We came to the market with a valuation of ~£183m back in 2008, today our MCap is ~£78m, says it all on how the markets work, yet I'm still here along with many others, CHAR you owe us massively.

Time to deliver !

aimo & dyor

Mommur,

Could we still make a counter offer, as I see no exclusivity to the deal mentioned.

Well done, as I recall you are well into I3E too.

atb

Https://www.lse.co.uk/ShareChat.html?ShareTicker=JOG&share=Jersey-Oil--Gas-plc&thread=05631293-F06E-44A2-A423-E57FB11A2205

Yep, once more yet another, at opening price share shuffle. Serious positioning taking place atm

aimo & dyor

The large trades reported after hours was a SHARE SHUFFLE in action. They were matched trades of approx ~2.5% (~5% total) of HBR share capital with nil effective movement. Just a case of who transferred them where !

aimo & dyor