Member Info for sasa43

Echo that hope, Duggs... sasa.

Nice summary there, Duggs...

I'd add one more 'Pro', fwiw - the recently announced inclusion in the MS Russian Index; that enhances POLY's standing / visibility and aids liquidity, too.

If the pog is to sustain its latest upturn, the 'promotion' should boost the appeal of POLY, accordingly - sasa.

Yep, we're now on a 50% share of the BKR revenues which bodes well for the forecasts for this year when the 2018 figs are announced in a few months time. That this is still way undervalued is a 'given', imv - sasa.

Agree with your summation of matters here, Sageman. This 'revelation' was out a month or so ago - a good backdrop it is but until we have an RNS referring to matters substantial regarding it, there's little to get excited about beforehand , imv.

Like you and many of the other LTH's on here that I recognise, we've been waiting / hoping for this to be commercialised for yonks now (a 10 year man, myself, also with a 7 figure holding as it happens) and this year could well be a defining one but until it's RNS'd, we have nothing to go on, specifically, right now.

Geng's right about the sentiment driver currently and there's no doubting how cheap this is but that'll only be crystallised once serious funds to develop it are forthcoming; hopefully that's inching closer now - sasa.

Hi chinch - if the Rowallan 'spud' delivers, it will give a lot more credence to the surrounding blocks, too, including the recent licensed area purchased nearby, of course. Rhum 3 is more significant, initially, given it's already established but the side drill, if successful, should release the other 60% resource to materially boost production and profits to major advantage. I think the 50% share with BP still applies from memory...

Assuming no additional deals are announced, the results seem to be the next up and the guidance for 2019, as you say, will be of significant interest.

If everything remains positive, the sp needs to reach 270p odd (min. £700m mkt cap requirement for a main mkt listing if this is eventually desired) and if so, an inaugural divd could well be envisaged at that point, to enhance the appeal of it to Instos / new investors, too. Much more to come in 2019, hopefully...

Happy New Year to one and all - sasa.

Agreed, flexmw - although I thought the original drilling time was only forty days, instead of the 140 days mentioned.

Either way, let's hope that the result is positive to add further grist to this burgeoning mill....sasa.

FRES is a Mexican silver / gold miner listed in London (FTSE 100) to be precise...

Its profits are approx a 50 / 50 split between the two pms, so good exposure to both is afforded. I like it, too - sasa.

Hi Mike - have just sent you a message on your 'throw away'....sasa.

Roger that, mike - will respond shortly - sasa.

Hi DB - good question that but tbh, I can't quite remember now (retired in 2002) and so much has changed since then.

Happy Christmas, one and all...sasa.

Nice to see Serica perk up a bit more on this half day before the Christmas break; probably in anticipation of an RNS shortly confirming the drill ship is underway to the 'spud' site. End Jan / early Feb should see the outcome revealed, as you say, D220, so fingers crossed for that.

No financial cost to us, of course, if it disappoints but another major boost for SQZ if it proves commercial - sasa.

Hi mike - been busy just lately and missed your message; if it was on the iii bb, I rarely look in on there these days.

Happy to help if I can - if you've got a 'throw away' e-mail address, I'll happily respond to that or if there's another way of contacting you, just let me know. ATB - sasa.

Today's news of the Valunisty acquisition might account for it, dewilliams - they're issuing another 38m odd shs in respect of it (an addition of some 12% to the float) but the deal looks decent to me, so should be beneficial longer term - sasa.

Brent and WTI prices have come off quite a bit over recent months whereas North Sea gas prices have held up impressively - good to know that we're some 85% gas.

In a fortnight's time, we'll be on the 50% share rate of the BKR income flows, too; comforting considerations as we await further developments....sasa.

Quite possibly, ferrotty - as we're into a dull mkt patch with no 'Santa rally' likely this year it seems, the shs are likely to drift a bit, I guess. Next month, however, should see a decent recovery underway for the reasons we all know...sasa.

Interesting that the Ensco 121 hasn't moved off yet. Hopefully she will shortly...

Meanwhile, as the year draws to a close, there's probably some persistent profit taking going on in SQZ to offset a plethora of losses elsewhere following this down year for the mkt overall but this is only temporary, of course and when the new year gets underway, we'll be on a 50% share of the BKR revenues with all the other updates to come - sasa.

Yep, a nice surprise for me, too, panda - not many shs offer a prospective 10% yield, post this second interim decision by the BoD; an unexpected Christmas bonus, implying their finances must be in pretty good shape currently - sasa.

Yep, 'ignore the Brexit noise' as you say, especially in this case, D220.

Unlike most industries which suffer competition in one form or another, Oil & gas producers are almost immune to the risks of a 'no deal' outcome, however you might view the consequences.

In this case, UK gas storage supplies are running very low and with Winter coming on, increased demand should more than underpin the price per therm, surely?

Moreover, all our rapidly increasing revenues / income are in US$ whilst a good proportion of our costs are in £ sterling (new Aberdeen office, additional admin. staff, ex - BP personnel taken on etc.,) so, if the Pound remains weak, we're better positioned than most in the present, uncertain, climate, I'd say...

General mkt sentiment tends to be indiscriminate, admittedly but once the impressive numbers start coming through, SQZ should begin to stand out as unusually attractive as 2019 gets underway, imv - sasa.

Agreed, D220 - it was released on time on money.am okay showing the new boy putting in £50k odd from the 'off' - he obviously likes what he sees as we do, unlike many who've not yet fully cottoned on but they should before too long! - sasa.

Interesting post, Maverick....

Most of your pointers are relevant, short term, I agree.

Overall, with a share that's quadrupled over the past twelve months or so, it's inevitable that some money will be 'taken off the table' but looking further ahead, I try to gauge what this thing is likely to be worth - currently, I have it on a pros. p/e of 2.5, fwiw and I don't know of better value than that elsewhere, given the growing cash accumulation (tax - free up to $145m henceforth using the allowable tax losses) etc.,

Add in all the other possibilities we know about and this share should be selling on a multiple of two or 3 x that, imv - hence my reliance on the fundamentals and further potential to materially exceed any cumulative dealing turns the trader might make at the end of the day. GLA to those of us involved anyway - sasa.