Member Info for NewKOTB

OHG,

Not sure what your point is !

Another interesting one is K&L are sole advisor for TotalEnergies on proposed sale of its 20% interest in the Linnorm field offshore Norway !!

https://www.offshoresource.com/news/oil-gas/equinor-increasing-its-ownership-in-the-linnorm-discovery-in-the-norwegian-sea

aimo & dyor

Upomega,

"Surely we would have got better rates going forward...."

You would have thought so, only saving grace is, do SQZ need the loan details concluded in order to sign off a deal, however that is usually (as in debt financing) confirmed within the acquisition RNS not separately. Just appears a bit ar-se about face to me, i'm sure there's a financial benefit for SH's somewhere.

See our new financial 'advisors', Kirk Lovegrove and Company Ltd are the same company that provided strategic and acquisition advisory services for Tailwind on the deal with us !!

aimo & dyor

Flexmw,

"Shortest Serica Energy RNS to date.."

Yes, lacking on detail is an understatement, almost as if they (Mitch) have something to hide !

What conditions were met ( ie hedging details) and with whom, oh and what is our current draw-down.

aimo & dyor

Ease at which this share is manipulated is unreal ....

" It makes sense to perform shutdown operations whilst the tax level remains high. .."

Absolutely, costs are then available to off-set against tax and also I think HBR are ahead of the curve by getting maximum allowance built up before Labour are able to move the goal posts. Once again HBR (Linda et al ) are leading the way in the fight against this ridiculous tax. Every major UK industry one by one have over the last 50 years fallen with UK steel being the latest, as things stand, NS O&G industry is not far behind.

aimo & dyor

Total overreaction to RNS , back above 310 this time next week imo

25% is no bad imo, more will give their backing and don’t forget it’s the votes on the day as a % not full share capital

Why replace natural decline of NS assets when you are taxed at ridiculously rate, focus on overseas as we are doing

Don’t see it being a problem, all HBR need to do is sell all local production into local market at going rate.

“ Germany will be dependent on natural gas for many years to come, so Wintershall Dea and its domestic gas production play an important role in the transformation of the energy system," Zukunft Gas head, Timm Kehler, said.…”

"After all there would still be some tax losses which they could utilise inmo.." indeed Upomega, especially if SQZ can apply TW losses across whole group, which I understand they are trying to do.

NQM,

From a simplistic viewpoint I would have thought SQZ would absolutely and without hesitation repay ~£14m of the $271m loan to ensure we drop to BELOW the 50% drawn to loan ratio and hence reduce exposure to required hedging until we actually need the RBL cash.

"The hedging requirement is halved if less than 50% of the amount available is drawn..."

Then again, I guess the hedging has been taken out via Mercuria so not in their interest for SQZ to be financially savvy, is it !!

One point worth noting is the hedging available EXCLUDES Rhum production which is circa ~30% of our production.

aimo & dyor

De-Rampers are like hemorrhoids, you know they are there as they are a right pain in the rear but given the correct treatment, ignore them and they will disappear.

Notwithstanding HBR are STILL at target themselves, particularly if the deal were be allowed post T/O.

Power et al, FFS, you all talk utter doo-doo, it's less than a tiny 2% sold, soon to be replaced with additional stock options that will have an accumulative effect of actually increasing her holding overall. Added to which, "They must know something coming" would be insider trading.

aimo & dyor

The total amount being sold was less than 2% of Poppy Gustafsson's vested and unvested holdings in Darktrace.

Oh and as for gap at 280-300 there is none afaic.

That's one 'ell of an imaginary gap btw.

Wildtiger, Guess as you are "all out" after the rise you want to talk this down again .... lol

Smyth111, me ramp, really, majority of my CHAR contain factual information unlike yours !!

Anyhow, now awaiting next RNS due soon that will tell us how we are doing on the other 2 pillars.

PS Good to see directors buying recently although a few more decent buys by them would not go amiss.

aimo & dyor

See smyth111 has gone long now after posting for weeks about what a pi&& p00r show CHAR is ... lol