2013 January

Politicians took another boot at the can today passing a bill which effectively buys them all some more time. I remember the US spitting bullets last year when Merkel and co dragged their feet on the Euro debt crisis. Whilst the markets will undoubtedly welcome the certainty of having the ‘uncertainty’ booted down the road …

With news imminent on MZIA-2 drill in Tanzania, Ophir could be set for a double whammy if (and it is a big if) Pai-Pai 1 Drill comes in positive for Tullow and Afren. Any good result in Kenya will certainly spark interest in the region and with Ophir sitting on two very nice blocks, finding …

Drilling operations in Block 10A (Kenya) on the Paipai-1 exploration well could be coming to their conclusion. Africa Oil (partner) traded up on decent volume via TSX last night and this morning volume on Afren and Tullow is larger than normal – both seeing decent share price gains. It could be the usual buy ‘ahead of …

Solid performance from Afren with a bright and exciting future. Kenya looks exciting as competitors are drilling actively in the region throughout 2013. The silence on Kurdistan appears to continue. Whilst they have acknowledge that tests have resumed on Simrit-2, there was no guidance on current depths achieved on Simrit-3. Not even an update on …

Under normal circumstances, todays update would have been greeted positively by investors. All is in order and 2013 looks like an exciting year for Serica. That said – the disappointment in todays news is due to what appears to be a prolonged analysis period on the 3D seismics. This is out of Serica’s hands and …