Serica Energy (SQZ)

Sector:

Energy Producers

Index:

FTSE AIM 100

123.00p
   
  • Change Today:
    -3.20p
  • 52 Week High: 132.00p
  • 52 Week Low: 92.70p
  • Currency: UK Pounds
  • Shares Issued: 268.09m
  • Volume: 289,181
  • Market Cap: £329.75m
  • RiskGrade: 160

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 123.00p
Change Today -3.20p
% Change -2.54 %
52 Week High 132.00p
52 Week Low 92.70p
Volume 289,181
Shares Issued 268.09m
Market Cap £329.75m
RiskGrade 160

Serica Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
88.72% above the market average88.72% above the market average88.72% above the market average88.72% above the market average88.72% above the market average
66.27% below the sector average66.27% below the sector average66.27% below the sector average66.27% below the sector average66.27% below the sector average
Price Trend
23.13% below the market average23.13% below the market average23.13% below the market average23.13% below the market average23.13% below the market average
12.09% above the sector average12.09% above the sector average12.09% above the sector average12.09% above the sector average12.09% above the sector average
Income
1.50% above the market average1.50% above the market average1.50% above the market average1.50% above the market average1.50% above the market average
77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average77.78% below the sector average
Growth
16.24% above the market average16.24% above the market average16.24% above the market average16.24% above the market average16.24% above the market average
18.52% below the sector average18.52% below the sector average18.52% below the sector average18.52% below the sector average18.52% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 4
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 24-Jun-21 25-Jun-20
Paid 23-Jul-21 24-Jul-20
Amount 3.50p 3.00p

Trades for 18-Jun-2021

Time Volume / Share Price
16:35 86,720 @ 123.00p
16:29 2,025 @ 124.80p
16:28 2,008 @ 124.80p
16:26 141 @ 125.00p
16:25 72 @ 125.00p

Serica Energy Key Personnel

CEO Mitchell Robert Flegg

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