Serica Energy (SQZ)

Sector:

Energy Producers

Index:

FTSE AIM 50

117.00p
   
  • Change Today:
      2.80p
  • 52 Week High: 143.40
  • 52 Week Low: 61.50
  • Currency: UK Pounds
  • Shares Issued: 267.43m
  • Volume: 255,895
  • Market Cap: £312.90m
  • RiskGrade: 415

Serica Energy increases stake in North Sea oil and gas fields

By Iain Gilbert

Date: Monday 05 Nov 2018

LONDON (ShareCast) - (Sharecast News) - Oil explorer Serica Energy has acquired further interests in the BHP Billiton operated Bruce and Keith fields in the UK's North Sea.
AIM-listed Serica signed a sale and purchase agreement to acquire the oil and gas fields from the FTSE 100 mining giant on Monday.

Serica will acquire a 16% interest in the Bruce field and a further 31.83% interest in the Keith field, consolidating its ownership of the two fields to 94.25% and 91.67% respectively post-completion.

The group will pay an initial cash consideration of £1m for working capital and 40% of post-tax cash flows. BHP will retain liability for the costs of decommissioning facilities and wells already in place. Serica will pay deferred consideration to BHP in respect of 30% of BHP's share of future decommissioning costs when due.

Chief Executive Mitch Flegg, said: "This acquisition, in addition to the previously announced transactions with BP and Total, place us in an even better position to unlock increased value from the assets and benefit from economies of scale."

As of 0845 GMT, Serica shares had climbed 7.78% to 128.26p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Serica Energy Market Data

Currency UK Pounds
Share Price 117.00p
Change Today 2.80p
% Change 2.45 %
52 Week High 143.40
52 Week Low 61.50
Volume 255,895
Shares Issued 267.43m
Market Cap £312.90m
RiskGrade 415

Serica Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
61.64% above the market average61.64% above the market average61.64% above the market average61.64% above the market average61.64% above the market average
8.70% above the sector average8.70% above the sector average8.70% above the sector average8.70% above the sector average8.70% above the sector average
Price Trend
53.49% above the market average53.49% above the market average53.49% above the market average53.49% above the market average53.49% above the market average
96.00% above the sector average96.00% above the sector average96.00% above the sector average96.00% above the sector average96.00% above the sector average
Income
95.54% above the market average95.54% above the market average95.54% above the market average95.54% above the market average95.54% above the market average
80.00% above the sector average80.00% above the sector average80.00% above the sector average80.00% above the sector average80.00% above the sector average
Growth
99.49% above the market average99.49% above the market average99.49% above the market average99.49% above the market average99.49% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Serica Energy Dividends

  Latest Previous
  Final Final
Ex-Div 25-Jun-20 n/a
Paid 24-Jul-20 n/a
Amount 3.00p 0.000¢

Trades for 22-May-2020

Time Volume / Share Price
16:40 15,000 @ 115.00p
16:35 35,798 @ 117.00p
16:29 650 @ 115.00p
16:27 12,536 @ 115.00p
16:26 283 @ 114.30p

Serica Energy Key Personnel

CEO Mitchell Robert Flegg

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