Member Info for Pete640

2 large buys after hours so tomorrow should bounce to 132p and then onwards and upwards with other divi re-investments hitting home on Thursday and Friday. Expect the share price back above 140p by next week!!

5 Highest paying yield / dividend O&G companies:

Https://oilprice.com/Energy/Energy-General/5-Highest-Paying-Oil-Gas-Dividend-Stocks-for-This-Summer.html

With cash assets in both companies at an all time high, oil wells and gas wells outside of NS, plus chance to sweep up lots if smaller O&G companies together could put the new Company - SERIQUEST on par with Larger companies like Harbour???

With cash assets in both companies at an all time high, oil wells and gas wells outside of NS, plus chance to sweep up lots if smaller O&G companies together could put the new Company - SERIQUEST on par with Larger companies like Harbour???

This bulletin board should be commenting on growth via BB’s and a merger with Enquest or other O&G company with good cash assets and oil and gas wells outside of NS. Not bumbling on about climate change and Ed Milliband both of which we in the UK can do very little about!

2 x 2 million buys after hours at 134p.

Seri a will either merge with or buyout Enquest in August. OO they will merge with Harbour or another UK O&G company that has wells outside of the NS.

Pepejoja - Read the daily RNS and you will see what we have bought so far and how far off we are the 25 million shares going into Treasury.

I see we are now at nearly 18 million shares bought back. This has gone well over the last 2 weeks with nearly 3 million bought. At this rate we should hit 24 million in a months time, once we hit 25 million in 8 weeks or so, these go into Treasury for the staff share scheme. Then once we buy another x million shares, I predict around 8 million these will be cancelled, but should help get the sp up to 20p.

Shorters are up to 7.6% now and 2 increased on the 15th July. What do the shorters know that we do not?

Some big buys of 30,000 and 100,000 and 50,000 going through in the last 2-3 hours, can see so at 15p before end of week, especially if Serica gets buying under the covers, then merger talk in August??

A Merger / buyout by Serica is on the cards in August!!! They - Serica have the cash assets and are buying Enquest and Harbour, Enquest would be a good fit together with Serica moving forward fora merger and growth / sp.

The 2 x 10,000 are share buys and this sp, should now be moving north to 135p territory, but is being held back by something or someone? TheMM’s maybe not putting through things correctly?

Serica should merge and buyout Enquest

A merger and acquisitions with Enquest would bring together two great companies with cash assets, oil and gas wells outside UK and both well run and generating good growth and cash flows, sp rises!!!

A merger and acquisitions with Enquest would bring together two great companies with cash assets, oil and gas wells outside UK and both well run and generating good growth and cash flows, sp rises!!!

Waldorf - assets saleToday 13:52

See article below about Waldorf. One of the assets for sale is the 29.5% of Kracken, last year ENQ produced 13,700bpd, so one assumes that Waldorf share is 5732bpd. ENQ has also spent capital on improving production and utilising the gas to replace diesel fuel.

It would put all the Kracken eggs in one ENQ basket but surely it makes sense for ENQ to buy out Waldorf's interest.

The article states the value of the Waldorf portfolio is unclear and liabilities will have to be quantified. It is an administrators sale so they will be keen to make a deal and other operators are exiting the NS, so ENQ with cash available and tax losses may be the key prospect for these assets. Timing would tie into AB's expressed time frame and an additional 22,000bpd overall would push ENQ into the top quartile.

We know the ENQ bid room has been open and they have been assessing deals, my guess is AB has been waiting for the administrators at Waldorf and results of the election before making a move.

I am now expecting some form of deal anytime now and the likelihood of an extra 3% EPL will add pressure on Waldorf.

LONDON, July 10 (Reuters) - Administrators of North Sea oil and gas producer Waldorf Production have put the company's holdings up for sale, according to a sales document seen by Reuters.

Privately-owned Waldorf Production filed for administration after it defaulted on a bond payment in June, when Interpath Advisory was named as administrators.

The administrators this week launched the sale of Waldorf's oil and gas assets, which include a 40% stake in the Catcher field, which is operated by Harbour Energy, and a 29.5% stake in the EnQuest-operated Kraken field, according to the document.

Stakes in a total of 10 fields are up for sale with a net production of 22,000 barrels of oil equivalent per day (boed) in 2023. The assets generated revenue of $644 million last year.

The value of the portfolio was unclear.

Interpath declined to comment. Waldorf Production did not reply to a request for comment.

The sale comes at uncertain times for UK North Sea oil and gas producers after the Labour Party came into power in last week's general election with a pledge to increase tax on producers.

Smallerthanlife- I don’t see any buyout before 2025. The company is doing well besides a few hiccups. It is growing and new clients, areas if the market. I see 2 scenarios:

1. Divi of 1p starts again in December?

2. An offer of 39p to the markets in February 2925.

Other than that it is business as usual.

Over the last few months all I see are the MM’s / Investment companies slowly selling chunks of 30,000 and 20,000 shares off at 31p. Slowly getting out of the market.

We will bounce, once we buy Enquest or Arrow Ecploration and watch it double in price!!!!

Oilviking, what about buyout of Touchstone Exploration, they are 70% overseas and doing well?

Will Serica now buyout Enquest?? They are a perfect target, with 15% in cash assets, having oil production outside UK for some of its assets!! I am sure the new CEO and BoD are looking at a M&A target? Maybe Harbour to Ithaca?