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Pin to quick picksSerica Energy Share News (SQZ)

Share Price Information for Serica Energy (SQZ)

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Share Price: 138.50
Bid: 138.30
Ask: 138.70
Change: -0.50 (-0.36%)
Spread: 0.40 (0.289%)
Open: 138.80
High: 141.00
Low: 137.60
Prev. Close: 139.00
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Cairn Energy says Morocco well is dry hole

Fri, 20th Dec 2013 12:15

LONDON, Dec 20 (Reuters) - British explorer Cairn Energy said a well in Morocco, the first in a series due todrilled off the coast of the North African country, failed tofind oil or gas.

Oil companies plan to step up drilling in Morocco, attractedby its stability relative to other parts of North Africa andencouraged by advances in geology and technology that indicateits potential for reserves offshore.

Cairn, whose partners in the well include Serica Energy and San Leon, said on Friday the Foum Draa-1wildcat well would be plugged and abandoned after failing tofind commercial quantities of hydrocarbons, although there wasevidence of gas.

Shares in Cairn fell 3 percent after the announcement, whileSerica traded 15 percent lower. San Leon shares were down 1.8percent.

Cairn said it would now look to drill a second well off thecoast of Morocco.

(Reporting by Sarah Young; editing by James Davey)

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1 Feb 2024 10:12

IN BRIEF: Serica Energy says CEO Flegg to step down after six years

Serica Energy PLC - oil and gas company operating in the UK North Sea - Chief Executive Officer Mitch Flegg will step down from his role, after a six-year tenure and "some forty years in the industry", after Serica's full year results are published. He will remain as an advisor until after the next annual general meeting, which Serica expects to convene in June this year. Chair David Latin will take over as interim CEO until the company appoints a long-term successor. Serica says Flegg "leaves the company in its best ever health". Company has commenced search for a successor, to be supported by external advisors.

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23 Jan 2024 10:24

IN BRIEF: Serica Energy completes USD525 million borrowing facility

Serica Energy PLC - London-based upstream oil and gas company - Announces completion of its USD525 million, six-year reserves-based lending facility "following satisfaction of the conditions precedent". In December, the company signed the secured RBL facility, structured and coordinated by DNB and ING Bank NV, with support from Nedbank CIB, Natixis, London Branch and ICBC Standard Bank PLC. Serica said that the facility would provide "significantly increased liquidity to support future acquisitions and investments". The facility replaces Serica's former RBL facilities, which had USD271 million drawn. In December, the company said that this amount would be fully repaid upon the new facility's completion.

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4 Jan 2024 09:31

LONDON BROKER RATINGS: Jefferies cuts Tullow; Berenberg likes Volex

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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18 Dec 2023 11:17

Serica Energy "enhances financial firepower" with new RBL facility

(Alliance News) - Serica Energy PLC on Monday announced the signing of a USD525.0 million secured reserves-based lending facility.

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18 Dec 2023 09:00

Serica Energy signs new $525m RBL facility

(Sharecast News) - Exploration and production company Serica Energy revealed on Monday that it has signed a new $525.0m reserves-based lending facility, "significantly" increasing its liquidity to support future acquisitions and investments.

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6 Dec 2023 10:32

Serica Energy notes production delays, promotes Killeen to COO

(Alliance News) - Serica Energy PLC on Wednesday said its full-year guidance remains unchanged, reflecting delays in post-summer production and despite "successful" recent well campaigns.

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6 Dec 2023 09:46

Serica maintains production guidance after summer shutdowns

(Sharecast News) - Serica Energy reported an average recent production of over 52,000 barrels of oil equivalent per day on Wednesday.

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23 Nov 2023 12:17

Serica to acquire 30pc of Greater Buchan Area licences

(Sharecast News) - Serica Energy announced plans to acquire a 30% non-operated interest in the P2498 and P2170 licences, collectively known as the Greater Buchan Area (GBA), from Jersey Oil & Gas (JOG) on Thursday.

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23 Nov 2023 11:49

Jersey Oil agrees to farm out interest in Greater Buchan to Serica

(Alliance News) - Jersey Oil & Gas PLC on Thursday said it agreed to farm-out a 30% interest in the Greater Buchan Area licenses to Serica Energy UK Ltd, a subsidiary of Serica Energy PLC.

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23 Nov 2023 10:58

AIM WINNERS & LOSERS: Jersey Oil & Gas agrees farm-out at Buchan

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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21 Nov 2023 11:15

Serica Energy announces chief financial officer change

(Sharecast News) - Serica Energy announced a change in its leadership team on Tuesday, with chief financial officer Andy Bell set to step down from his current role in the new year.

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21 Nov 2023 09:51

Serica Energy finance chief to step down in new year, names successor

(Alliance News) - Serica Energy PLC on Tuesday said Chief Financial Officer Andy Bell will step down in the new year, naming Martin Copeland, a energy advisory firm Kirk Lovegrove & Co Ltd principal, as his successor.

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16 Nov 2023 15:53

UK dividends calendar - next 7 days

Friday 17 November 
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Monday 20 November 
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Tuesday 21 November 
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Wednesday 22 November 
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Thursday 23 November 
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Serica Energy PLCdividend payment date
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31 Oct 2023 10:53

IN BRIEF: Serica Energy hails subsidiary award of UK oil field licence

Serica Energy PLC - UK North Sea-focused oil and gas company - Subsidiary Tailwind Energy Chinook Ltd receives 100% interest in UK block 29/2a, which contains the decommissioned Kyle oil field. "Serica will have no obligations in respect of the prior decommissioning as a result of the licence award. During an initial two-year licence period, Serica will carry out studies to determine the feasibility of re-developing the Kyle field by means of a subsea tie-back to the Triton floating production storage & offloading vessel via the Bittern field facilities," Serica says. It has a 46% interest in the Triton FPSO vessel and a 64% interest in the Bittern field. Triton is located about 120 miles east of Aberdeen in Scotland and produces oil and gas from the Bitternfield and other fields.

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31 Oct 2023 10:06

Serica Energy awarded Kyle block in UK licensing round

(Sharecast News) - Serica Energy announced the award of a 100% interest in UK block 29/2a to its wholly-owned subsidiary Tailwind Energy Chinook on Tuesday as part of the UKCS 33rd Offshore Licensing Round.

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