Serica Energy (SQZ)

Sector:

Energy Producers

Index:

FTSE AIM 50

107.20p
   
  • Change Today:
    -4.80p
  • 52 Week High: 143.40
  • 52 Week Low: 103.60
  • Currency: UK Pounds
  • Shares Issued: 267.23m
  • Volume: 118,854
  • Market Cap: £286.47m
  • RiskGrade: 261

Serica Energy wraps up acquisitions of North Sea fields

By Iain Gilbert

Date: Friday 30 Nov 2018

LONDON (ShareCast) - (Sharecast News) - Serica Energy completed its acquisition of the Bruce, Keith and Rhum fields and associated infrastructure in the UK North Sea from BP, leading to the readmission of its shares to AIM after the reverse takeover necessitated their suspension.
The exploration and development outfit also snapped up interests in the same three fields from Billiton, Total and Marubeni Oil and Gas.

As a result of the acquisitions, Serica became the operator of the three fields and holds a 98% interest in Bruce, a 100% interest in Keith and a 50% interest in Rhum.

Serica will make an initial payment of $22m to receive a 40% share of the net cash flow from the fields' year-to-date activities.

Chairman Tony Craven-Walker, said: "The acquisitions, once complete, are transformational for Serica firmly placing us as one of the leading 'mid-tier' independent exploration and production companies operating in the UK North Sea."

As of 1510 GMT, Serica shares had dipped 1.78% to 131.61p.

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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 107.20p
Change Today -4.80p
% Change -4.29 %
52 Week High 143.40
52 Week Low 103.60
Volume 118,854
Shares Issued 267.23m
Market Cap £286.47m
RiskGrade 261

Serica Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
85.48% above the market average85.48% above the market average85.48% above the market average85.48% above the market average85.48% above the market average
3.23% above the sector average3.23% above the sector average3.23% above the sector average3.23% above the sector average3.23% above the sector average
Price Trend
12.43% below the market average12.43% below the market average12.43% below the market average12.43% below the market average12.43% below the market average
68.32% above the sector average68.32% above the sector average68.32% above the sector average68.32% above the sector average68.32% above the sector average
Income Not Available
Growth
98.99% above the market average98.99% above the market average98.99% above the market average98.99% above the market average98.99% above the market average
93.44% above the sector average93.44% above the sector average93.44% above the sector average93.44% above the sector average93.44% 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

No dividends found

Trades for 21-Feb-2020

Time Volume / Share Price
16:35 1,245 @ 107.20p
16:29 594 @ 110.00p
16:29 620 @ 110.00p
16:29 186 @ 109.40p
16:29 437 @ 107.40p

Serica Energy Key Personnel

CEO Mitchell Robert Flegg

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