Member Info for upomega

If gas prices fall much more then surely no one will be making a profit
If that happens producers will cut production inmo. As it will be too expensive to extract and export. So surely a possitive impact on prices. It does make you wonder if it was a pure coincidence with the shutdown of bkr and what is transpiring in the gas market

Indias consumption of lpg is set to treble within the next decade. This together with other countries consumption set to increase rapidly should underpin prices going forward. Once the corona virus is bought under control prices
Should rebound inmo.

Inmv serica wi only benefit by this in the long term .thee longer bkr is out of action the better.
Erskine should be fully hedged with the percentage fall in overall production. The revenue from this should cover a good part of salary and admin costs. There is also interest being earned on 100 milion and together with 40% of costs being covered by bkr partners. Inmv we will not lose much it terms of financial outlay.. the longer we are offline the more we will receive at 100% at a later date
Also the more prices fall the more assets will come to the market at bargain prices. So thid should end up in serica favour

Slightly disconcerting that idh are not releasing possitive newsflow with regards to allergens. Especially as we are now up to 67 allergen tests. Looking at their share performance they could do with some sort of pr team inmo

Yes hello spivs. Just bought a trowel.

That's chance of success not cost.. I.e is there a higher than 50% chance

Has anyone an idea of the cos with the eiggon drill

Has anyone news re Zennor petroleum. My understanding was they were accepting bids up until the end of last year. An article by Reuter back in November mentioned that Serica could be one of the suitors . That could really transform things if they acquired all or part of their assets inmo.

Chinch I have also held for nearly ten years. The dividend will help in the short term but we don't know how much it will be.i just feel that there is much more competition chasing assets.with rre acquiring cotton it makes me wonder why serica were not interested or offered it.maybe they were but it's sort off asset we should be acquiring inmo

The problem for me is there seems no support for gas prices.unlike oil where globally countries try to support the price. So for me unless the company comes up with something soon it's not going to be a long hold

i just hope a deal is on the cards. Surely there must be some bargains out there. even if they have to take over a small listed company

Newkotb. The recent europeon governments promising to switch to electric cars as soon as possible is another posditive for serica inmo.
As more power stations come on line powered by gas throughout the eu there will be extra strain on the stations. At least 200 milion vehicles needing to be charged up. I for one am working on bolting a solar panel onto the roof my mondeo to avoid any power shortage

Could the recent gas asset purchase by rre be the prelude to a merger /takeover of serica.im sure they could do with serica expertise in developing and running the asset

I understand that sassa,but none opec countries such as Russia attend. Which leedsvme onto my previous post. Is liquid gas effected when production by opec and other countries decide to up or lower production.

Groningen in the Netherlands will cease production by mid 2022. Does anyone know of any other fields nearing end of life together with booil equivalent.

Hopefully sassa both boards are currently looking at merger between themselves

Maybe someone could answer this.
Why does the main fossil fuel nations make a concerted effort to support the oil price when it reaches low levels and vice versa,but not gas prices

With rre latest acquisition I feel pretty confident serica will come up with one soon. Also does anyone know if any future cuts in production by opec/Russia will also incorporate liquid gas as well.

Nickel I'm aware of it as I'm sure most holders are. The corana virus is exagerating things together with a mild winter globally inmo. Many exporters and importers will no doubt be reviewing matters as it start to become not cost effective . So inmo prices should start to stabalise soon
Serica are currently not selling into the market for bikr They are probably 100z% hedged on erskine
My rough estimate is that the current share price values bkr at 100 milion
So downside should be minimal otherwise someone will take us over

Newkotb
Just trying to get an idea of costs.it was purley to have an idea if things took longer. I was assuming that all workers would be retained.also with gas prices the way they currently are it may not end up such a bad thing.
I'm going to try not to look st things for a while. I have enough concern with omega diagnostics at the moment.same type of share manipulation which concerns you here