Serica Energy - 500 Beiträge pro Seite

[snafur]

Serica (London: SQZ, TSX-V: SQZ) hat gestern einen Duster in der Nordsee (Oates Projekt) gemeldet und wurde mit 30% abgestraft.

Zuviel für diesen Fehlschlag, wie ich und einige andere meinen.
Die Aktie hat gestern $53 Millionen an Wert verloren!

- Serica hat für die Bohrung keinen Cent bezahlt, 100% der Kosten hat Premier Oil übernommen, für einen 50% Working Interest.

- Serica hat $40 Millionen Cash auf der Bank

- Positiver Cashflow aus bestehender Produktion ($12 Mio / $5.7 Mio im ersten Halbjahr 2010, mehr für das 2. HJ erwartet)

- Die nächsten 2 Bohrungen in Indonesien ab Anfang September, ca 200 Millionen Barrel Target

- Weitere Projekte in der Pipeline

Ich bin gestern mit einer Mini-Position zu $0.71 eingestiegen, die Chance auf eine Erholung nach der übertriebenen Abstrafung ist IMHO recht hoch. Nach unten scheint der Deckel beim jetzigen Kurs recht fest zu sein.
Ich plane (noch) nicht, den Wert über die nächsten Bohrungen im September hinaus zu halten, bei einem fehlschlag dort gehts wahrscheinlich nochmal brutal nach unten, aber bis dahin ist hoffentlich ein wenig Profit drin.

[snafur]

Nach ein paar Tagen ohne Bewegung kommt jetzt wieder Leben in den Kurs.
Wie ich vermutet habe, beflügelt die neue Bohrung mal wieder die Phantasie.
Gutes Plus heute, nach den News, leider noch nicht die richtig satten Umsätze.

Serica Energy to spud Dambus-1 exploration well

2010-09-02 04:23 ET - News Release

Mr. Paul Ellis reports

SERICA ENERGY ("SERICA" OR THE "COMPANY") DAMBUS-1 EXPLORATION WELL, KUTAI PSC, INDONESIA

On Sept. 1, the Trident IX jackup drilling rig arrived on location for Serica Energy PLC's Dambus-1 well in the Kutai PSC in the Mahakam Delta offshore East Kalimantan, Indonesia. The well will shortly be spudded and is targeting a sequence of stacked Miocene sands from 1,200 metres subsea to approximately 2,700 metres subsea, with estimated gross mean prospective resources of 200 million barrels of oil equivalent (60 million barrels of oil equivalent net to Serica). Dambus-1 will be Serica's third exploration well in 2010, and the prospect is analogous to the nearby Serang field in which over 800 metres of gross pay sands were recorded. Water depth at the well location is 85 metres and the well is expected to take approximately 40 days to complete.

On completion of Dambus-1, the rig will then immediately move to commence operations at the Marindan exploration prospect in the southern part of the Kutai PSC.

Serica is operator of the Kutai PSC and holds a 30-per-cent interest.

Paul Ellis, chief executive of Serica, commented:

"We are pleased to be commencing the Indonesian phase of our 2010 exploration program with the first of two wells in the prolific Kutai basin. These are both material prospects in a producing petroleum province with good commercial terms."

The technical information contained in the announcement has been reviewed and approved by Peter Sadler, chief operating officer of Serica Energy. Mr. Sadler is a qualified petroleum engineer (MSc, Imperial College, London, 1982) and has been a member of the Society of Petroleum Engineers since 1981.

We seek Safe Harbor.

[snafur]

Seit dem 2. September dreht sich nun schon der Bohrkopf in Indonesien.

Nach einem kurzen Hänger ist der Aktienkurs in dieser Woche wieder in Richtung Norden unterwegs. Der Kaufdruck kommt primär in London zustande, in Kanada sind die Umsätze noch sehr gering.

Zur Erinnerung: Die Bohrung geht auf 2700 Meter, geschätzte Zeit sind 40 Tage.
Jedoch beginnen die ersten potenziellen Förderzonen schon bei 1200 Meter, nach meiner Schätzung sollte die Bohrung seit Ende letzer/Anfang dieser Woche dort sein.
Das Kurs und Umsatz genau zu diesem Zeitpunkt wieder anziehen, stimmt mich positiv.
Ich lasse meine Position jetzt stehen und warte doch die Resultate ab, die spätestens Mitte Oktober kommen sollten.

Irgendwann muss Serica ja mal wieder eine erfolgreiche Bohrung melden, nach all den Enttäuschungen vor meinem Einstieg.
Schaun wir mal, wie der Chart in 2-3 Wochen aussieht:



Hier noch ein Schema, das die Bohrung verdeutlicht. Erfolgswahrscheinlichkeit liegt bei 40%, na dann: Rien ne va plus!

[snafur]

Tsk! Schon wieder daneben, das ist doch kaum zu fassen.
Rig geht jetzt etwas weiter südlich in Stellung, um das Marindan Prospekt in der gleichen Lizenz zu bohren. Erfolgswahrscheinlichkeit 10-25%.
Die haben aber wirklich kein Glück im Moment. Gut das ich nicht zu viel drin hatte und der Verlust hält sich nach dem guten Lauf im Vorfeld auch in Grenzen, etwas mehr als 10%.
Ich lasse die Posi deshalb stehen und warte die nächste Bohrung ab.

Company News:

Dambus-1 Exploration Well, Kutai PSC, Indonesia

London, 15 October 2010 - Serica Energy plc (AIM & TSX-V: SQZ) provides an operations update regarding the Dambus prospect exploration well in the Kutai PSC offshore Indonesia.

Serica and its partners spudded the Dambus-1 offshore exploration well on 4 September 2010 using the jack-up drilling rig Trident IX. The objective of the well was to investigate the potential for gas and oil accumulations in a stacked sequence of Miocene sands. Dambus-1 was drilled as a deviated well to a total depth of 3,225 metres measured depth ("MD") (2,713 metres true vertical depth subsea ("TVDSS"). Based on the indicative data obtained while drilling, hydrocarbons were encountered in clean sands in the gross interval 2,070-2,102 metres MD (1,787 - 1,812 metres TVDSS) and there were indications of further hydrocarbon-bearing sands in an interval below 2,760 metres MD (2,340 metres TVDSS). In order to obtain definitive data on the extent of the discoveries the well was plugged back and sidetracked and wireline logs, pressure data and fluid samples were acquired.

Sidetrack Dambus-1ST was drilled to a total depth of 2,800 metres MD (2,568 metres TVDSS). Excellent quality gas-bearing Miocene reservoir sands were encountered in the interval 2,025-2,047 metres MD (1,795-1,816 metres TVDSS) of which the net gas-bearing sands amounted to approximately 18 metres.

Following an extensive logging and sampling programme in Dambus-1ST, the deeper sands were found to be water bearing. The upper gas-bearing sands alone are not expected to be commercially exploitable and the well is therefore being plugged and abandoned.

The Trident IX drilling rig will now move to drill the Marindan exploration well, the second well in the present two-well programme in the Kutai PSC.

Serica CEO Paul Ellis said:

"We have always been confident that hydrocarbons would be found in the Kutai PSC, since the acreage lies within a prolific petroleum basin. Although the amount of gas found in the Dambus prospect is unlikely to be commercial at present gas prices, the next well in the programme is completely independent of the results of the Dambus-1 well and we look forward to spudding the Marindan-1 exploration well later this month."

15 October 2010

[snafur]

Q3 2010 Results

London, 4 November 2010 - Serica Energy plc (TSX & AIM: SQZ) announces its financial and operational results for the three and nine months ending 30 September 2010. The results and associated Management Discussion and Analysis are included below and copies are available at www.serica-energy.com and www.sedar.com.

Highlights:

Results for the third quarter 2010:

· Highest quarterly Kambuna field gas and condensate sales to date

· Sales Revenue up by 53% to US $10 million (2Q2010 - US$6.5 million)

· Gross Profit up by 75% to US $5.4 million (2Q2010 - US$3.1 million)

· Cash and equivalents at 30 September of US $40.5 million (30 June 2010 - US$40.0 million)



Operations:

· Serica working interest sales up by 45% to 2,948 boed (2Q2010 - 2,036 boed)

· Oates exploration well in UK Central North Sea drilled at no cost to Serica but unsuccessful

· Dambus exploration well in Indonesia is a non-commercial gas discovery

· Marindan exploration well in Indonesia was spudded on 27 October

· Awarded UK 26th Round Licence in the Northern North Sea



Outlook:

· Kambuna field expected to average 40 mmscfd through 2011 and beyond

· Kambuna permanent facilities to be completed in the fourth quarter

· Results of the Marindan-1 well expected in November

· Columbus project sanction decision expected in Q2 2011 - first gas targeted for mid 2013

· 2011 drilling programme of at least four wells planned in UK, Ireland and Indonesia

· Continued emphasis on risk management across the portfolio



Paul Ellis, Chief Executive of Serica commented:



"We are delighted at the significant increase in revenue and profit delivered this quarter by the Kambuna field. Production and sales from the field have continued to increase steadily each quarter this year and with the imminent completion of the permanent processing facilities we will be able to deliver greater gas volumes if required. Our 2010 exploration programme continues with Marindan-1 in the Kutai PSC and we look forward to the results from this well. Next year again promises to be an exciting year as we are currently planning to drill wells in the UK, Ireland and Indonesia as well as reaching development sanction for the Columbus field in the UK.

Serica is in a sound financial position with $40m in cash and very little debt and we will continue to add attractive prospects to the exploration portfolio that can be drilled at low cost to the Company."

[harry099]

http://www.serica-energy.com/news/wp-content/uploads/2010/11…

[snafur]

Salamander Energy hat im Bontang Projekt einen Treffer gebohrt, ganz in der Nähe zu dem gemeinsamen Marindan Projekt, das kurz vor Ergebnis steht.

http://www.iii.co.uk/investment/detail?code=cotn:SMDR.L&disp…

Kurs geht seit kurzem wieder Richtung Norden.

[snafur]

Das sieht gut aus in London, heute. News zu Marindan im Anmarsch?

[snafur]

Und booom - so schnell kanns wieder runter gehen.
Wieder ein Duster, das ist wohl neuer Industrierekord.