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HBR RNS this morning announced a 'Significant gas discovery' and their partner, Mubadala quoted, " With potential for over 2 TCF of gas-in-place, this positions the Andaman area as one of the world’s most important gas plays...", now remind me how many TCF's could we end up with !!!

aimo & dyor

Askar has always be late on RNS holdings notification, way beyond the legally required timeframe.

Remember, only last month Askar added circa 18,000,000 shares, taking his holding to 7.17% be very surprised if next RNS, upping his holding at these prices, is not forthcoming.

aimo & dyor

Kokomo,

Thanks for the link, I do like "With potential for over 2 TCF of gas-in-place, this positions the Andaman area as one of the world’s most important gas plays ..."

aimo & dyor

Dan et al, try not to get into discussion with Jackasse, as it knows nothing about upstream O&G plays and only wants to regurgitate propaganda about anti-vax and promote confrontation on our BB.

We both know how companies in this sector are valued and how reserves play a critical part in that. HBR is moving forward on several fronts and at speed. All good in the HBR camp afaic. atb

aimo & dyor

RNS to confirm ;

https://www.lse.co.uk/rns/HBR/significant-gas-discovery-at-tangkulo-indonesia-xrfcedrw14m0o05.html

Thanks Kign,

Wonderful news.

atb

"Sadly the share buyback doesn't appear too be working. Too small..."

BB probably designed to cover LTIP's etc so as not to unnecessarily dilute Mercuria's percentage.

aimo & dyor

Mmm num ba de

Dum bum ba be

Doo buh dum ba beh beh

Pressure, pushing down on me, Pressing down on you ..... Under Pressure.

-----------------

For me, this continued, unrelenting pressure on our SP since our agreement signed with Energean back in Dec 23, restricting any attempt to breakout means only one thing, we have a big fish interested in our little worm on the line. When will it strike is then question ?

aimo & dyor

"WTF is happening with the share price again today?"

Could be a leak and/or Mr Market thinking we will use equity again for Norway !

“Given the volume the last two days somebody maybe had some advance knowledge of the SV101 moving from SDX to Chariot.”

What good its done them and us for that matter 🤔

"Dividend yield will be ~11%, which is higher than the industry average of 6.7%."

OSD,

Askar did the same on last notification, took a week to be reported, very naughty, our house broker should remind him of the UK disclosure rules and that this is not China. Yevgeniy Feld may be buying too, now that would be interesting !

aimo & dyor

Remember, it was well reported in run-up to, during and post TB Preliminary Approach in 2022 that DARK also has several other 'interested' parties. Would they still be interested, even more so I would say, given the progress DARK has made over the past few years.

aimo & dyor

Thanks Flexmw, in other words, for me, MF was CEO in name only, Mercuria held the strings and have been imo from the start, puppet-master to the puppet. I also would have thought "disagreement over shareholder returns" was probably the straw that broke the camels back. Stepped down, resign, clear case of, "I say tomato you say tomato", for me MF was on too good a thing and too young to 'step down' without have a new position lined up. Pressured to go, all in my opinion of course.

As of yesterday, the 'new' mgt now have no obstacles in their way, lets see where we go from here.

aimo & dyor

"I would conjecture out with the old, in with the new - having experienced it myself on my old companies takeover. Leadership team was completely gone withing 12 months..."

Except SQZ took over TW and all 3 of 'our' top team have bit the dust within 12 months, Just as we prophesied at the time !

Good question in Q&A's about Mercuria and its influence, we all know this is now a full on Trojan Horse for Mercuria, why else would the top guy from Mercuria take a place on our board. I still think within 18 months (Labour shenanigans aside) SQZ will be taken private, hopefully at a price that would justify those ~72% of voters that voted through the TW deal.

PS. At current rate of BB, the £15m allocated will be exhausted after 2 months.

aimo & dyor

Mommur,

Morning, off the the races indeed, RNS buyback transactions explain why we raced up circa ~12p/s early doors yesterday, guess same today. See the shares are being held in treasury.

Oh, btw, I wasn't convinced about the reason for Robbie Flegg 'departure' during Q&A yesterday without having another CEO lined up, were you, David appeared to struggle with that one a little ?

aimo & dyor

Both David and Martin came over well, particularly David.

Https://www.serica-energy.com/downloads/presentations/AR_2023_final.pdf

NQM,

I see your point and agree, however as you and I know, PE like to extract as much cash as possible and load up debt. I fully expect dividends to continue to be maxed out whilst our drawdown on the RBL jumps significantly this year.

Mitch's last day today as CEO, new M&A on horizon that comes with new CEO, AA maybe !

ps Mr Market this morning certainly likes our direction of travel.

aimo & dyor