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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FTSE 100 rebounds as Rolls rises but Travis Perkins plunges, gold jumps ahead of Trump tariffs
London's blue-chip index lost 3.25% last month, with the path ahead potentially determined by US tariffs
Serica Energy's North Sea production jumps as Tailwind kicks in
Serica is one of the North Sea's top ten producers
Archive
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.
15 of the best investment ideas among UK small and mid-caps from broker Jefferies
Offering an average of 33% upside, the tips include what are seen as the best ways to play a number of big-picture themes as well as some stock-specific ideas
Archive
Malcy's Blog - Oil price, Serica, Jadestone
Oil price A bounce of some sort was pretty inevitable after three dollar fall on Tuesday and traders saw the short coverers coming miles away. The negative was the EIA STEO which took a red pen to the demand figures although by the end of t
Serica Energy adds acreage near Bruce area
The UK's latest licensing round primarily comprises blocks in mature, producing areas close to existing infrastructure.
Serica Energy boosted as acquisitions lift profits
Production ended the year at a high point, thanks to the BKR acquisition and the restart of the Erskine operations in October
Archive
FTSE 100 closes near break-even as traders fear China growth may be unsustainable
On Wall Street, stocks were in the red at the time of writing despite positive Chinese data and a batch of positive earnings reports
Archive
Inflation data to take macro spotlight on Wednesday, BHP top-billed for company news
UK inflation figures recently dropped below the Bank of England’s 2% target rate following lower commodity prices at the end of 2018
Archive
Hot cross buns will be wanted but there is still plenty to digest in the week before Easter
There will be plethora of UK data - jobs, inflation, and retail sales - plus corporate updates from the likes of Unilever, BHP Rio Tinto, Bunzl and Rentokil Initial
Archive
Genel Energy PLC shares rise on production update
A look at some of the UK market's winning and losing shares during Tuesday's trading session
Serica Energy shares jump as North Sea field is allowed past US Iran sanctions
Although located in UK waters, Rhum is part-owned by the Iranian Oil Company and it also relies on American owned services.
Serica Energy shares rise as Rhum field lands an extension
"Serica welcomes the new licence which ensures that production from the Rhum field can continue,” said Mitch Flegg
Jubilee Metals shares edged higher as it says Kabwe project remains on track
A look at some of the top risers and fallers in London today
Investments and investor services
Proactive Oil & Gas highlights: United, I3 Energy, Europa Oil & Gas, Echo, SDX Energy
It was another busy week for the market's oil and gas stocks.
AIM oilers add discoveries and new exploration projects in North Sea licensing round
The UK authorities has awarded 123 licences to 61 companies, and, several London listed companies are among the winners
Serica Energy shares drop as new US sanctions on Iran hit UK North Sea project
A subsidiary of Iran's national oil company owns 50% of the Rhum field - which is one of three assets Serica is acquiring an interest in via a deal with BP
Gresham Technologies shares higher on £1.2mln contract win with major bank
A look at some of the top risers and fallers in London today
Serica Energy shares edge higher as North Sea profits improve
Serica believes there will be more opportunities to grow its business in the North Sea
FTSE 100 joins global equity rally and ends higher with miners helping
Soothing comments from China's leader Xi Jinping seem to have gone down well with equities traders, particularly those in the US
Investments and investor services
Robert Walters will be the first to give investors a snapshot of UK recruitment market
Tuesday brings Robert Walters first quarter trading statement, it will be the first in the series of updates from the sector.
Archive
Retailers and recruiters in focus as Tesco, ASOS, Hays and PageGroup report
The week ahead includes full-year results from Tesco and Saga, interims from ASOS, WH Smith and McCarthy & Stone, and trading updates from Robert Walters, Hays and PageGroup
Proactive Oil Highlights: Serica, SDX, Premier Oil, Union Jack, SOCO, Diversified Gas & Oil, Touchstone, Solo Oil, 88 Energy, Trinity, Pantheon
This week the oil and gas sector brought news of gas discoveries, acquisitions, and financial results
Serica Energy to acquire BP’s stake in BKR fields in North Sea
Serica is acquiring BP’s interest in the BKR assets in a deal back-dated to January.
Serica Energy shares drop on pipeline blockage
The North Sea oiler's Erskine field will be offline as a result of the problem
Serica Energy shares drop as Forties pipeline shutdown hits Erskine field
The shutdown of Erskine's export route means the field will also be offline
Archive
Proactive news round-up: H&T Group, Akers Biosciences, LGO Energy ...
A glance at some of the stories on the Proactive newswire today.
Serica Energy advances as Sea production beats expectations
Serica Energy said that production has been strong since late August.
Personal Group lowers guidance
Some of the biggest moving shares in London at 3pm today
Archive
Proactive news round-up: Orogen Gold, Braveheart Investment, Concepta ...
A glance at some of the stories on the Proactive newswire today
Eland Oil & Gas and Serica Energy favoured by Peel Hunt oil analysts
Eland is one of Peel Hunts three ‘top picks’ in the oil and gas sector for the first quarter of 2017.
Archive
Proactive weekly oil highlights: 88 Energy, Aminex, Hurricane Energy and more...
Weekly round up of news headlines from the world of oil...
Serica Energy boosted after Erskine production gets back online
Serica is now expecting net production in the range of 2,500 to 3,000 boepd for the remainder of 2016.
Risers & Fallers: Challenger Acquisitions PLC, Carillion PLC, MXC Capital Limited, OptiBiotix Health PLC, PV Crystalox Solar PLC, Serica Energy PLC
Biggest share price risers and fallers in London at 12.30pm
Investments and investor services
Tissue Regenix stands out as tendon technology shows movement in regulatory process
The market was encouraged by Tissue Regenix with the stock advancing 16% over the last five trading days.
Market gains silver lining as precious metals twinkle
Silver prices hit a 10-month high and gold stocks glittered
Serica Energy made its first profit since 2009, so why are the shares down?
As the company hailed strong results for 2015, investors had eyes on problems that threaten the performance for the current financial year.
Small caps stocks in stasis
The Aim indices may be becalmed but the big movements are still to be found among the small caps
Risers and fallers: Harvest Minerals, Norcon, Watchstone Group...
Image Scan's losses slashed. Cloudbuy rises on contract win. Kolar Gold's new broker raises fears of impending share issue.
Oil & Gas highlights - 88 Energy Ltd, Serica, IGas, Circle Oil, Northcote Energy
88 Energy was one of the week's top risers after it revealed further success of at the Icewine project.
Archive
Alecto pals up with Desert Gold while Globo’s US focus grows apace
It was a good week for Alecto Minerals, which had two pieces of news of the sort you do not expect from mining companies.
Investments and investor services
Risers & Fallers: Darty, Fulcrum Utility Services, North River Resources, Renewable Energy Holdings
Below are the main news-driven share price movements at 4pm.
Investor spotlight shines on Morocco ahead of busy drill campaign
Cairn Energy’s signing of a rig contract today is another signal of the growing momentum in this emerging oil frontier.