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People getting fed up,losing hope? Why is it so difficult to get funding for this project.
Personally I don't care he says nothing provided this year's drilling goes well. Talk of dividends now is nonsense. Moftinu production must be < 1000 bpd by now. Have to think at least one of the Tunisia wells have happened by now. Get things proved up this year and Serinus can be 100m MC in next couple of years. The era of cheap natural gas is over.
I have to admit being taken aback how quickly these well deplete. It seems by the time we've found another 'Moftinu', the old one has run out! I think the consolation is the Moftinu shows you have can have a run of 4 or so wells, once you get the first one online. They seemed quite upbeat on how accurate this sesimic processing could pinpoint the best locations. I just wish they would accelerate it. Seems like they're none the wiser with Sancrai.
Yes I was disappointed. Quite funny they tried to explain the question on the website had got 'lost' somehow. I have also had questions unanswered. A very strange attitude to company promotion, releasing news on a 'need to know' basis, rather than wanting to attract investors with good news? No timeline on Sabria pump, maybe mention it in Q2 results!...It's feeling more and more binary here. Get production back or near to 2020 levels, or else I just see the SP drifting or declining
Patience chaps. Research what this company is planning this year to raise production. Sounds like the rig will soon be mobilised in Tunisia.. As others have noted, this price environment is not going anywhere and is superb for Serinus.
Another decline on a RNS. The problem is the hints that investors have to wait a long time for a sale, which 1) goes against their promised strategy & 2) raises the spectre of yet another placing. No more excuses now. Al needs to sell one this year. Sick of placing after placing and jam tommorrow.
Is that really the MC in Poland? I know they have less shares in issue...They must really value O&G companies there if so. We know we'll have good results, but we need more working gas fields etc to justify a 100mill MC. Sancrai was a real blow, but hopefully it will be put right this year.
Just to provide a bit of balance. Production has declined since Jan 21. I agree sp should be significantly higher. Sabria success would help convince investors that we can increase production because it is the first of a series of low-risk pumps.
O2B, what do you mean by 'a BOD comment'? I appreciate what you're tring to do, but I don't really see what they would RNS 'Serinus Energy is pleased by higher Oil and Gas prices' for example. Surely we just want stellar results and the Sabria pump installed ASAP? News of how Moftinu compression has gone will be contained in the results.