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Agree with Mommur. The last thing we want now is a dilution. Hopefully as I just posted more similar deals like Buchan are on the agenda

The communists of the UK are still sprouting their cr......p. In terms of oil and gas taxation . Their retoric continues about how all are energy is sold on the global market.

What they have missed is when it suits hmg. will simply divert everything to the UK. That is what gvmnt is all about. Protecting our interests.

Inmv they cannot do this until everything is in place. So maybe the current tax system is not all that bad. Especially for us investors in Serica re Buchan deal. Hopefully this is just the start of such deals.

I agree Newkotb. Hopefully exciting and prosperous times are nearly upon us once again.

At least the head count is kept to a minimum. Maybe they are on a par of. Hmmmn what was that geezer name burt Einstein springs to mind and that other fellow Roger Moore.

Of two staff.

Where for art my Romeo

Inmv this is an excellent investment to continue the growth of the company. Unless Labour put a dampner on this going forward. All we need now is a good overseas aquisition to hedge against any further tax penalties inmo.

Brent has recovered from the lows of the day and is currently trading near to the opening price. So hopfully Serica will recover a little bit tomorrow.

And still no overseas investment. Maybe people have just had enough of them not delivering on a overseas investment,but continuing to still persue nsea ones . Silly me what can you expect from a nationalised company.

Hopefully the next news will involve some kind of licencing agreement from a major company. It would do wonders for the share price if that did occurr inmo.

The autumn statement is to favour businesses with tax cuts. That is if the press is to be believed.Maybe they could start with a reduction in the EPL. Just five percent would make all the differencew inmo.

Erskine

Are you involved with oil and gas ???

Hopefully so.

Very sad all round as far as i am concerned. Maybe this is a new begining . I just hope that this company along with North Sea oil producers pay HMG back big time. Scum bucket shallow gvmnt inmho, dyor etc

Maybe Serica should look at taking Parkmead over. After all their market cap is only seventeen million. It could also give them a platform for renewables.

Some goods news flexmw re Skerymore. Am i correct in saying that the prospect holds approximatly 150 million barrels of oil equivalent . So serica could end up with 30 million bbl. Which isnt bad if that is the case.

For me this past year has highlighted that Sericas share price is not going to get anywhere near its previous highs. Unless they add substantially to reserves and out put. Of which need to be from assets overseas.The u.s will never allow oil to go above the ninety dollar mark Which is not good news for Serica. Today is another good example of that. inmv

Hopefully OPEC will not take this lying down.

Sh.tigroup are predicting crude around seventy four dollars. That should boost prices back up to the ninety dollar mark.hopefully.

Oh No. Golman sucks is still predicting oil at 100usd at year end. That should see oil around the 60usd mark.

More bad news inmv dyor

Maybe it could end up an outright merger or takeover where we pick up all of the assets. At least then we will have some overseas ones.

Any way nback to the new year honours list

a cbe,obe knighthood for the bod of serica and its stooges for sevices rendered during this energy crisis.