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I think it runs a little more deeper than that. The below link from fox news is worth a read inmo. Basically in a clumsy way the UK is gradually closing down its own Energy supplies whilst supporting other nations such as the the U.S. The report is basically saying that it is better to buy gas from the U.S rater than a less enviromental friendly nations as whatever happens we still require oil and gas. So by taxing our own industry to oblivion we will be purchasing from other states such as the U.S. or a less environmental friendly nation. So in summary wouldnt it have been more prudent to secure our own industry first rather than destroying it.
https://www.foxnews.com/politics/curbing-u-s-oil-gas-production-hurt-environment-report-finds

The below link posted in the grocer this week is interesting inmo. Maybe UK government will get behind this and come up with something in next months budget.

https://www.thegrocer.co.uk/fundraising/uk-cultivated-meat-investments-jump-fivefold-in-2022/676351.article

vorsprung durch technik

On a happier note a week ago hmg has stated that there will not be an increase in wft.
Let's hope that they abide by this and better still put this into legislative law. In other words stopping the next parliament overturning this.

Auf der positiven Seite,
Wir werden in Kürze eine Private-Equity-Gesellschaft an Bord haben, die hoffentlich einen Mehrwert bringen wird. Ich hoffe, dass wir verkauft werden, sobald der Deal abgeschlossen ist. Vier Pfund wären nett, aber alles über drei Pfund bis Mai würde mir passen.

I dont think it is now so much to do with the deal, but what HMG and the next government could do with taxes. Inmv the problem is that we are over exposed in the UK. The government could quite easily hit us with a further ten percent and even withdraw tax incentives to invest. All this would be them trying go after the majors, but unfortuantly it would have little effect on them ,but untold damage to companies such as Serica.

Thats another back of the net for BP, but an own goal for Serica. Ninety five per cent tax will now bekon for Serica and the rest of North Sea producers. .

You have not posted since the sevententh of January. Any paticular reason why especially as you were so obsessed with individual share holders holding. Sounds very odd to me.
Personally i was not happy with the bod, but you lot beggar belief. Do you and the rest of the spivs really think you can get away with this.
Take this on board i will personally sue you and the rest of the spivs on this board if it comes to light that you lot have not been above board ( no wonder the larger holders ignored everything). Let alone report the lot of you to the fca and your employers if you have any. i may even contact the press, and other means you lot seem to use .
Time to leave this bb as posters seem more than ever full of liars and posters who seem to have multiple identities.

The response to Deltics deiscovery says it all. They might as well discovered water as far as the market is concerned

Ordinarliy this would benefit all oil and gas producers , but how can it in this climate. HMG and their new best friends the Labour party have decided on an agenda which does not involve NS, but BP,Shell the us , quator and more worryingly well i wont say it.

We are all now unwitting therampalists thanks to the BOD. Maybe they and the largest holders wanted this to be , but i would have liked the option before this ill fated decision was made.
So now we could end up the only North sea player paying taxes to HMG. Great we wont make a profit , but now have the honor of suporting whatever this mob should decide . The only problem for me is that i was not given a vote on this and do not earn a salary from this gravy train.
Any one else pi...sed off or are you all happy to hand over your money on their terms..
Why oh why did they not simply take this private. The bod and the larger holders could have then given away everything to hmg and whoever they wanted to without some discruntled share holders moaning about losing hundreds of thousands of pounds.

Sorry every one . This post is meant for Serica Energy. So please ignore

We are all now unwitting therampalists thanks to the BOD. Maybe they and the largest holders wanted this to be , but i would have liked the option before this ill fated decision was made.
So now we could end up the only North sea player paying taxes to HMG. Great we wont make a profit , but have the honor of supporting whatever this mob should decide . The only problem for me is that i was not given a vote on this and do not earn a salary from this gravy train.
Any one else pi...sed off or are you all happy to hand over your money on their terms..
Why oh why did not simply not take this private. The bod and the larger holders could have then given away every to hmg and whoever they wanted without some discruntled share holders moaning about loosing hundreds of thousands of pounds.

A perfect scenario for good old HMG . They can force North sea assets to be shut down due to taxation . Then purchase all we need from countries who tax about half what we do. (BP,Shell to once a again benefit )Better still they then can say that we are the greenest country in the western hemisphere. HMG with Labours advice certainly know how to get votes.

I think its more about gaining a strategic partner as opposed to a fund raise. Im not sure how this could be done without issueing equity as we are a listed company. Maybe it could be done via some kind of option issue.

Hiblue.. Hopefully it will be a large injection with a strategic partner that will take this forward on all fronts. I think it bodes really well that they are now in a position where they can turn down offers which arent quite right. what would be really good if Warren Buffet or the Gates foundation became involved.

I would like to think that discussions are ongoing with a number of potential collaborators and the compnay is trying to pick one or more that will add the most value going forward.

I am assuming that the cash balance is after the debt has been cleared. So at least we will have further assets as well. The lower share price the more attractive it will be to new share holders. It's just lth that would have suffered. Especially if the dividends are cut

Let's just hope Serica does not screw up with a disaster in the North sea. That really would be the end of them .They seem to be self destructing on their own ATM . I have for the past twelve years given them the benefit of doubt,but inmv they really have no messed up here. All I know is I have backed the wrong company unless proven otherwise. If they are honest and if there is any positive news then it should be officially relayed to ALL shareholders. If there is nothing then why are they gambling with shareholders money with how hmg are behaving atm. Once again BP,Shell are not. So why is Serica????

The opps report inmv is preparing us for another gravy train write off. Difficult weather conditions. In other words some part has or will about to drop off one of my rigs. Just think we now have Tailwinds rigs to contend with as well.
No wonder they want to stay on Aim. Would BP,Shell be so blatantly inept.