Member Info for upomega

Fwiw. The concern for me is that we continued to fall with oil firming and leveling out.That to me says the market is valuing Serica at the two pounds mark or less. Slightly worrying,but still hopefull something away from little britain is brewing. inmo

Fwiw Tony1957 I have been caught out here and I am sure there may be some other lth that fall into this category inmv. What I will add is that Serica has may have been caught out with global events.

So inmv I am hoping that they have a plan to mitigate matters further.

This is starting to look dire inmo. If the news can be believed we are now heading for a price war where Opec floods the market . I just hope this does not last too long as we will almost certainly suffer in terms of the share price and future dividends. HMG should seriously look at taxing U.S imports, but as we all know they prefer looking after them with tax breaks rather than looking after their own producers. The other problem we now have is that the recent licenses and farm in will just not be viable going forward. So in terms of growth we are now back to square one.

One of the most sickening qotes inmv came from a us producer where the ceo said they are pumping as much as they can and sending it to Euroupe to help us all out. Maybe if they paid the same tax levy they may think twice.

Inmv the cash will soon be gone . Mostly paid out to hmg and the few large shareholders that remain. Most likely some tax ruse agreed before the Tailwind deal. Inmho,dyor . I may even start to sue some scum buckets. Purely just to highlight what is transpiing here. Anyway just off to post a post office cheque(thats if it arrives) to the war criminal gvnmt and oik in waiting St...mer . inmv. only my view and no ones elses.

No they seem more concerned in funding a war that that from day one could have been resolved from day one. Arrogant tw.mts. As for Gaza. I'm ashamed to be be classed as a UK citizen now.

I may have missed something,but in terms of net revenue. We should still make the same if oil falls to sixty dollars for three months as the EPL will be removed. If prices remain high we still benefit. What we don't need are prices trading just above sixty dollars,but even then we still make a good profit.

Maybe hmg have been very clever over this. As even if labour remove incentives re tax Serica can still walk away from the new licences and Buchan with little costs.

Inmv. Just one overseas acquisition will secure our future.

Forgot to add. If brent falls a further twenty percent we would still make approx eighty million after dividends, Added to that the cut in epl will be applied should it remain at that level for three months, So we are technically hedged.inmo

Hopefully the tories will hang on . Fwiw inmo they will want to do another budget before announcing an election date. Maybe they could offer to pay eveyones Xmas bill. Im sure that would be vote winner as most people now seem to expect the government to pay their costs in some way .Sorry i forgot paye employees to pay for it together with capital gains tax. I just hope that there is not a raid on isas.

can anyone hazard a guess as to what we should be netting after tax next year. my estimate is at the current price of seventy four dollars for brent and 100 per therm for gas we should still net around two hundred million after tax. that is assuming we pump fifty thousand bbls per day next year. so with twenty pence dividends the company could still bank 100 million. so even if oil and gas plummets further we should still be very profitable. i just hope that the dividend is not cut though.

just a *** of the packet analysis, but would be interested in other peoples view.

A bit harsh Newkotb.inmv it is more the trading houses that are at fault together with the FCA not coming down on them.

Come on you bushy bearded hardened oil workers stand up to this pathetic gvnnt ana gvmnt in waiting. Need I go on re what is going on in Gaza. Show some balls o and g industry.shut down all oil production. Until this is stopped.

I See Starmer has enetered the world stage via cop and has found a bunch of us allies. Maybe he could point out to them that the U.S is pumping oil at record levels. Surely he could use his influence and ask them nicely to reduce this. He could even slap an extra tax on their imports to finance the 28 Bilion he has pledged, but im sure he is already eyeing up a further tax on UK producers instead. imo.

Hopefully the OPS update will give a clear picture as to what we are making from both oil and gas together with exampleas of prices. I.E what we make when oil is trading at eighty dollars and gas at say 100 per therm. A clear indication on hedging would also help so we can at least get a good idea of profits generated and what can be written off against tax levies. Just my views and opinion of what i would like to see in the update.

Channel 4... 8pm tomorrow may have a interesting programme re how meat currently produced is having a negative impact on the environment. Hopefully companies such as bsf will get a mention in terms of how they could save the environment in some way.

Hopefully it will happen Newkotb

Just been reading Hasrbour Energy,s results and from what i can deduce is they are impressive. They also mentioned about the climate being better for mergers. So maybe we are on their radar. In some capacity a merger between them and ourselves would be good inmv.

What i cannot understand though is that their market cap is 1.7 b roughly double ours,but they are producing four times as much as ourselves. Maybe someone could explain the anomaly as it doesnt make sense. Especially as their debt level is the same as ours.

Totally agree Mommur

Apologies all round.

As holders we must absorbe posts on this bb. Especially mommur who is the only person . according to him her holds more shares than an any other poster on this bb.

Crime against our country springs to mind. So inmv and inmho this will not occur. Both parties are on a very sticky ATM. So one or both of them will need to stand up to mark soon inmho.

Newkotb. I pray that you are wrong in this.

Surely they cannot be that evil. Can they???