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After many years I'm still in.

Here's hoping hmg act like a true concervative intelligent government. So everything crossed for a balanced outcome.

I know this has been muted a number of times,but could a BKR type deal now be a possibility. This may suit both parties in terms of tax. Especially Serica if they don't get full ownership until four or five years time when hopefully wft would have been scaled back.

As many posters have posted on here it only takes one contract and the the rest will follow inmho. We all know that Abingdon along with other UK companies have been taineted by the GLP ( which as i understand are under investigation due to how they are funded ) So hopefully contracts will start to filter through now .

Independence from what a basket case of a country run by a bunch back sta...bing hypocrites.
Sturgeon will no doubt form an alliance with Labour and what is left of of the liberals.My concern is where will my investment in Serica be left in all of this. As for the restb I am all ready planning moving overseas.

Sorry forgot to add. Where is the GLP in taking hmg to task for buying cheap gas from the states. The Question now should be who is funding the GLP. Very worrying INMHO

I doubt many long term holders will use those words INMHO. Here's one for you Corruption.Bye the way more directed at HMG. This is where the fault lies INMHO.

Hopefully Serica are also looking at this muckle.

Its not nailed on that the wft will be seventy five percent. The FT seems to think that the tax levy will increase by a further five percent and not ten percent.Fwiw personally i would be surprised if they have got this wrong,but who knows.

Wiith you on that Roth1. I think we just need to get Thursday out of the way

Maybe there are some shady deals afoot where hmg will force them to re acquire north sea assets to make their life simpler

Unfortunatly there is certainly a growing number of them inmv that are in it for themselves for truth un be known to the rest of us . Worse still they have or are currently holding very senior positions. I think some of them seem to believe that because they won the vote at the ballot box it gives them the mandate to do exactly what they want with their constituents blessing in the process .Which in my view could explain how some of them seem to behave as they do with the underlying belief that their constituents think they are remarkable whatever they decide to do. Having said that there are still some good honourable ones out there inmho

The us currently tax their Oil and Gas industry at about 44 percent, but in reality these rates a lot lower.In hmg wisdom they are about to tax its own industry at if we are lucky seventy percent. If HMG hace signed a contract for the U.S to supply gas then we are in effect subsiding their industry whilst penalising our own. Once again good old hmg have favoured overseas industry rather than its own. Similar to how they acted over covid. I.E Chinese laterflow tests inmho

should read twenty five percent and not twenty

The FT is carrying an article as to what we can expect from the mini budget today. In short they are predicting an increase from the twenty percent to thirty percent and extended to 2028 . So it is looking more likely that it wont be higher. Inmv the FT is more likely to be accurate than some of the other press so if thats the case things are not as bad as it could be inmv.Fingers cross their sources are correct.

Even more bad news then L3trader. Hopefully we will get some kind of an approach from a predator,but who would want to own North sea assets now.

The independent is carrying an article about how any increase in the tax would be offset. In short companies may be able to claim back one hundred percent in tax relief. So there could be a possitive in all of this if Serica reinvests.

He should never even been part of the cabinet let alone what he is now inmv. Next we will have a ruski as pm. What absolutely baffles me is that its connection with tax avoidence but that does not seem to matter. The real sad thing here is that the concervatives are no more. Maybre they could rebrand themselves as the Liberal concervative party and promote themselves as the party where anyone in the world could be pm.Anyway off to Ladbrokes to see if i can place a bet that within the next five years we will either have a china man or ruskie as pm

Reading the latest press i am afraid we are going to have to assume the worse case that of a thirty five percent wft tax. Our immediate worry is how Serica is going to respond to this. I never favoured a special dividend before, but i most certainly do so now as i cannot see the point of running a company where seventy five per cent of its revenue goes in taxes.
Hopefully if they do return cash we should be looking at two pounds a share being returned to shareholders over the next year, but where would that leave the share price.
The plus side to this is that they could then cut production to a bare minimum and then ramp it up in maybe five years time.What is farcicle here is that the banks,pharma,tech companies have got away with this scot free yet again..Have the new socialist con party forgotten how the good old public bailed out the banks due to their and the regulators ineptnes. Oh silly me, but as long as we are subsidised to do as little as possible in the new state then that is all that matters now.All this is inmho .

Inmv and only my view.
It is now time to shut down production and return all cash to shareholders.
Unfortunately Serica through not fault of their own .Just like some of us have been well and truly scr...we'd by hmg. Fwiw second time around for me with this mob. So not happy. Hence my rages at times.