Member Info for NewKOTB

"Was there anything in the merger to stop the other 2 parties from buying.."

There is usually a clause to ensure interested parties are unable to acquire shares, however that wouldn't stop a third-party, which at a later date could do a 'deal' with such shares acquired once the deal has completed, although very unlikely imo.

Remember DD is being carried out and either party could withdraw at any point.

Full details will be disclosed within the prospectus and circular, which is expect to be published H1.

aimo & dyor

Go where exactly, on holiday, to the toilet, car-wash maybe or just PASS GO !!!

ML has no connection with DARK now other than as a bog standard shareholder, not unlike many on here !!! Just happens to hold more shares than most.

No idea where SWS gets this figure from, 260% upside will do for me .... ;-)

https://simplywall.st/stocks/gb/energy/aim-sqz/serica-energy-shares/valuation?r=/user/profile

aimo & dyor

"Daniel Gould, the new CEO, is leading the evolution of SDX away from a pure oil & gas business into an integrated, hybrid energy-provider in Morocco - becoming a strategic regional player in the energy transition sector.

SDX is divesting its Egyptian assets - to focus on growing its Moroccan operations and generate initial funding to support the new strategy.

SDX will maintain its upstream Moroccan gas assets and continue to produce natural gas, selling it to offtakers.

SDX will operate on the principle of 'doing more with what we have' - with a plan to extend its existing gas transportation infrastructure to enable gas imports from Spain, via the Maghreb-Europe Gas Pipeline - expanding gas supply to Morocco's Kenitra region.

· The Company also intends, in the medium-term, to expand into renewable power generation - leveraging its strong gas offtaker base for a commercially compelling cross-sell of gas and green electricity.!

https://www.lse.co.uk/rns/SDX/corporate-update-0g9m4wfqig3rbgd.html

https://www.lse.co.uk/rns/SDX/corporate-strategy-update-mnfof1b61xo5q6s.html

CHAR are due our own update soon, as promised.

....of de-rampers on the payroll of pro-shorting entities continues.

aimo & dyor

Sasa,

Afternoon,

"More likely, Mitch is gearing up to buy some NS production from HBR...." could be correct, however we all know MF is acting as the Trojan Horse for Mercuria so SQZ acquisition rationale will have changed imo, I believe the JOG transaction (MF latest deal of his own making imo) will be his last in the NS. Now it's the case of loading up debt, reducing taxation and taking as much cash from the company as possible, what better way than taking out a $1.05bn RBL then suck the cash dry, as per Mercuria's MO. Oh and any hedging for RBL we do will somehow be 'offered' only on Mercuia's terms as they would have 'offered' the best deal .... lol, of course they would !!!!!. Win win & win again for Mercuria all day long.

aimo & dyor

Could it be HBR … !!

“ Harbour Energy. The North Sea oil and gas company was clobbered by the government windfall tax last year, so has set its sights on expanding beyond the UK. Last month, it announced the $11 billion takeover of Wintershall Dea, which could double the size of the company. Wintershall, a German-based rival, has assets in Norway, Argentina and Mexico.

Quest analysts reckon Harbour itself could be a tasty target, even before that deal completes…”

Imagine if Serica do go for HBR pre Wintershall t/o and the Wintershall deal completes too…

Well, HBR SP is struggling to gain traction post mega deal RNS…. Just Maybe !!!

Aimo & dyor

Upomega,

Of course who knows what new hedging has, if any, taken place since last publicly known position as of 19 September 2023. What we do know is if the new $525m RBL (option to increase potential total facility to $1.05bn ) is drawn upon then hedging is required, so all could change if we complete an acquisition utilising RBL.

aimo & dyor

From 1/1/24 our hedging has significantly improve.

We no longer have any gas hedging in place as previous hedge expired end of Q3 2023 at 41p/therm.

Brent hedging acquired due to TW acquisition for 2H 2023 at ~11kbopd at $61 now expired too and replaced with 1H 2024 at ~5kbopd at $70 barrel and ~2.75kbopd for 2H 2024 at $80 barrel

Result being, vastly improve revenue going forward into 2024 for SQZ.

aimo & dyor

Listen to the Q&A, stated quite clearly, offer was made....

Question, "Did Chariot receive any indicative offers for the whole company", after a prolonged pause, Adonis reply stated, "Yes, but we felt that there was more value staying in the asset to develop it ourselves....."

https://stream.brrmedia.co.uk/broadcast/preview/65705f5f85e1630925165801

aimo & dyor

PS Also, an approach does NOT need to be RNS or made public if the BoD feels it's not valuing the company correctly, as it was in this case.

"but a buyout was pie in the sky..."

Sorry but that is not quite correct as an offer for the company was recently made, just not accepted as to being reflective of what our board deemed a realistic offer.

aimo & dyor

Yes indeed ?

Acquired stock on the day of the >10% fall for NO APPARENT reason !! Hummmm !!

MM,

Noticed that too. If so, Shard are really putting in a shift to get them away, so much more urgency it appears than tranche 1. Is there any particular reason I wonder !! ;-)

SQZ must complete a transformational deal outside of UK cash-grabbing fiscal terms in order for re-rate to occur, everyone knows it but WHEN !!!

From HBR deal yesterday BofA said in a research note :

“To us, diversification from the UK and its associated fiscal uncertainty was always the major route to re-rating Harbour’s muted valuation,”

BofA would not be alone in that view.

aimo & dyor

What it does confirm is, CHAR are NOT in a closed period so very least I would expect other directors to buy, even if it's not £100k a pop !

aimo & dyor

SP Management now the name of the game for institutional investors.

SP is only where it should be WITHOUT this deal, so plenty of run-room left for buy 'n' hold PI's atm.

PS Traders will be all over this for months to come so a slow and steady rise with obvious pull-backs up until completion.

aimo & dyor

Still can't get over how we are getting Wintershall to partially pay for the deal themselves, with their own cash :

"$2.15 billion of cash consideration to be funded through cash flow generated from the Target Portfolio between the effective date of 30 June 2023 and completion, and an underwritten bridge facility..."

"and secure a US listing in 2025..."

I would think HBR will be targeting US listing a lot sooner, hence why the webcast was timed for their viewing. Move off FTSE even if they are to be a FTSE100 player will be a great move imo.

BB,

Should of followed, only moved ~35% over to HBR in addition to financials & tech stocks ... :-(

Well done BB, with you on "Still don't get the TWND deal." but knowing us HBR took the Wintershall from under our noses.

aimo & dyor

"I wonder why the Webcast is being done after the Market is closed ?"

For the yanks ..... they know how to value O&G players ... unlike UK