Company
Serica Energy PLC
TSE:SQZ
Serica is a British-based independent upstream oil and gas company with operations centred on the UK North Sea where we have the full range of exploration, development and production assets. The main focus is on building a portfolio of properties where the Company can utilise its technical, commercial and operating capabilities to add value to existing producing assets as well as to explore and develop new reserves. The Company has proved the success of this model through our producing asset, Erskine, in which we are a partner with Ithaca and Chrysaor. On 30th November 2018 we completed the acquisition of interests in the Bruce, Keith and Rhum fields where we also took over as field operator. These fields are a mixture of late-life and mid-life, largely gas producing assets where further investment can enhance recovery and extend field life. The Company has the finance, scale, range of operations and technical expertise to both operate and to partner other companies. We seek to expand the value of our business whilst spreading risk and limiting downside exposure, both through partnerships and through asset transactions. With an experienced Board and Management, Serica has the knowledge, reputation and capabilities to drive for value led growth both organically and through value enhancing acquisitions, building on synergies from our existing assets. Serica is quoted on the London AIM market under the ticker SQZ.
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Serica Energy's North Sea production jumps as Tailwind kicks in
Serica is one of the North Sea's top ten producers
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Malcy's Blog - Oil price, Serica, And finally…
WTI (Mar) $76.34 -$2.15, Brent (Apr) $83.00 -$1.14, Diff -$6.66 +1c.USNG (Mar) $2.27 -11c, UKNG (Mar) 121.0p -5.1p, TTF (Mar) €51.180 -€2.12.Oil priceOil fell back last week after the previous gains, this was primarily due to US CPI rising
Serica to become top ten North Sea producer after Tailwind purchase
Serica is paying for the deal through the issue of 111mln new shares plus £59m in cash
North Sea producer Serica Energy confirms jump in interim profits
The company highlighted it has increased 'much-needed' gas flows into the UK during the first half.
Serica Energy rejects Kistos merger proposal
“The Serica board strongly believes the Kistos possible offer materially undervalues Serica."
Kistos appeals to Serica Energy shareholders as it seeks a merger on its terms
After confidential talks and a rejected offer, Kistos has gone public with an alternative proposal to combine the companies.
Serica Energy posts 11-fold jump in pretax profit
The company lowered its 2022 production guidance range reflecting lower Columbus production rates and current supply chain limitations
Serica Energy’s profitable gas-centric business promises lower-risk growth in North Sea
The North Sea firm remained profitable through 2020, is counting down to a major cashflow boost and remain on the lookout for acquisitions.