Member Info for NewKOTB

LOL, Don't think you can class a few dozen AT trades of low value, a 'sell off'

Half a screen of "This message has been filtered, please adjust your filters to view"

Nice close for a change. ;-)

Good weekend all

SOS,

Good question, I'm guessing that SQZ will be 'gambling' on all outstanding allowances not being void and indeed not being taken off the shelf totally going forward either.

That said, should CapEx be as stated then at this time next year we should be well on the road to seeing significant improvement in production. Something Mercuria would love to see as it makes their job a whole lot easier not least more $rewarding$ too come the T/O.

aimo & dyor

Why Invest In UK O&G, When you Can Invest in Morocco :

"The fiscal terms in Morocco are restricted to a 5% State royalty for onshore gas, 3.5% offshore (see notes below), applicable after the first 10.6 BCF of net production to the operator, and corporation tax charged at 31%. However, there is a 10-year “holiday” before corporation tax will be charged and any unused tax losses can be offset against the tax due. There are no signature bonuses but production bonuses in the form of cash payments exist with a maximum one-off payment of US$5,000,000 on production greater than 30,000 BOE/day. A discovery bonus of US$1,000,000 is also payable..."

Notes applicable to Gas :

No royalties for the first 300,000 tonnes of production from concessions located onshore or offshore at less than 200 metres depth.

5% royalties on production in excess of 300,000 tonnes from concessions located onshore or offshore at less than 200 metres depth.

No royalties for the first 500,000 tonnes of production from concessions located offshore at more than 200 metres depth.

3.5% royalties on production in excess of 500,000 tonnes from concessions located offshore at more than 200 metres depth.

Of course ONHYM already have 25% !

I believe these figure are accurate, if not, please feel free to correct them.

https://hydrocarbons.onhym.com/en/incentives

aimo & dyor

QC,

I guess it's all down to how you interpret, "Improved Cashflow and Shareholder Return predictability" going forward.

Not holding my breath on them holding dividend as is !

aimo & dyor

"One thing which does stand out to me is why now. I just wish that they had all done this after the Tailwind deal was finalised."

More so Upomega, they would feel the pain, something that us PI's know all too well since the TW deal.

aimo & dyor

Dick,

Understand that £4k is a tiny amount and why bother indeed, however in her defense, that's £4K more than majority of BoD & Mgt have committed of their own cash so far, from little acorns and all that.

atb

"Multiple acquisitions including Tailwind...."

lol, talk about s t r e t c h i n g the truth !!

Appear so !!!!

So who bent his arm, clearly been ‘asked’ to support the buying of shares, why else after 17 years has Mitch decided now was a good time. More to this buy and of course recent RNS of him moving aside than meets the eye.

Aimo & dyor

Flexmw, OMG !!!!!

Clearly we have highlighted something that maybe David et al were unaware of.

I believe I believe in fairies , I do believe in fairies, I do, I do…

Sorry, ahead of myself there ..... ignore last post or maybe not!

atb

Https://www.serica-energy.com/downloads/presentations/Interims_2023_final.pdf

Persistent these seller/s, even after what was a pretty good set of results, our SP is still under downward pressure.

Someone really doesn't want this to climb, opened down 4p wtf !!

Thanks Flexmw,

Good to know David is aligning himself with 'real' shareholders, hopefully he will add more in coming months, may even start to hold as many as some SH's here.

Anyone know when the analysts presentation is today & tomorrow !

aimo & dyor

He may of done between joining originally in 2006 and running off to destroy Circle Oil in 2015 before returning back in 2017 to do the same here ! Can't recall him actually buying with hard cold cash recently. Sorry, can't help without looking back through RNS's, feel free to do so, Emmerdale beckons, got to go :

https://www.lse.co.uk/rns/SQZ/?filter=directors-dealings,director-pdmr-shareholding

aimo & dyor

Yes, not just a token buy either, £215k's worth by David, significantly more than his last purchase April 23 for ~£35k. Just need more Board members to put their hands in their pockets too. Well done David

Mommur,

"otherwise their CFO will find a wall of selling..."

Maybe that's their objective.

I too have given a thought or two to both Hardy's and ACW for the same reasons as yourself.

As for rats Dick, for sure this is not the end .. just a few more rats to come aboard, then we will see her sail away over the horizon to a private island never to be seen by Joe Public again. Give it until this time next year, max ! Mercuria will then throw overboard the worn out gangplank as it has served its purpose to be replace with a jib to haul aboard the untold treasure that await them.

aimo & dyor

See we have attracted a few sleeper accounts!