Member Info for SEA7

Yep - did wonder where roxi was

I note in the comments on the below page, regarding the funding...(what brings sericas CFO to stars linkedin page?)

https://www.linkedin.com/posts/starenergygroupplc_we-are-pleased-to-announce-this-morning-the-activity-7183369015728181248-kRct

Martin Copeland

CFO at Serica Energy

14h

Huge congratulations guys! Really excited for you

Good news - it also bodes well with regards to the ernestinovo drill - as I am sure the lenders will have had some insight into progress

From the last accounts...

As fixed odds sports betting spreads throughout the USA at an impressive rate, there is a growing demand by the larger operators to partner, merge or even acquire licensed pari-mutuel operators. Our internal market analysis suggests WatchandWager has a unique position in the USA as one of the top five licensed operators in our sector. Our stable platform of technology, payments, licenses, and most importantly content, is of interest to the larger sports betting operators, who are looking to augment their gross margins, which are under increasing pressure. Our licensed operation at Cal Expo with its “bricks and mortar” presence in California, enhances that position, especially in relation to leverage in California and the USA generally

Good solid move today - 10p is still cheap for GDP and makes it an undemanding target

Finally on the move up

Because they were subject to relentless selling by sandgrove and bank of america, as well as paying down debt. The share price is beginning to recover now that it appears those two sellers are gone and the debt will be gone in about two to three months also.

when they were IGAS, they had a low of about 10p a share when covid lockdowns arrived in 2020 and hit over 110p a share when the shale ban was lifted. IGAS was about 15p a share when the name change took place, if I recall.

as the above has dragged on for so long, the market has largely ignored them. The company is in better shape than it has ever been and by rights, a reversion to at least 20p a share should be on the cards as it is an undemanding target and is a good support level.

Nice to see a steady stream of buying again today.

Big sellers finally gone

It has shoved star up to 2nd highest riser of the day

Solid move today

Should also be noted that they want to transition to a geothermal company - which means they will sell the entire O and G porTfolio, once they have it all tidied up - it is worth multiples of the current SP

Traders Are Buying Oil At The Fastest Rate Since 2020

By Irina Slav - Mar 26, 2024, 6:00 PM CDT

https://oilprice.com/Energy/Crude-Oil/Traders-Are-Buying-Oil-At-The-Fastest-Rate-Since-2020.html

According to the Reuters numbers, in the week ending March 19, traders bought the equivalent of 140 million barrels across the six most traded crude and fuel contracts.

Good point

Even at 20p a share its a paltry £22 million mcap

Defo looks like Sandgrove and Bank of america are done selling

And....

Ring fence tax losses of £259 million

As at interim accounts...

assets given a value of...

1P NPV10 of $144 million(2021: $139 million): 2P NPV10 of $215 million (2021: $190 million

6th April onwards

from the australian government hansard..committee meeting 14th march 2024..

https://www.aph.gov.au/parliamentary_business/hansard/hansard_display?bid=committees/commsen/27720/&sid=0003

economics legislation committee - 14/03/2024 - offshore petroleum and greenhouse gas storage legislation amendment (safety and other measures) bill 2024

questioner :

cox, sen dorinda;po****, sen david

answer :

chair;dr howard;mr duncalfe;mr williams;mr murphy

excerpt

we've got the montara venture as one other example. that was launched in 1989. i'm not sure of the date it was converted, but it was converted to an fpso. there have been multiple directions, prohibition notices and improvement notices from nopsema and currently out there i know firsthand that they are welding in place steel plates in the tanks because of the integrity of those oil tanks. it is an ongoing battle to try and keep the integrity of the whole in place.

the pyrenees venture is another fpso, built in 2004, and it's just had to proceed to singapore early, for a dry docking, because it got a leak in one of its oil tanks. so, again, the integrity of the vessel is in question, and it has had to cut and run for singapore for much-needed and urgent repairs.