Serica Energy Share News (SQZ)

DIRECTOR DEALINGS: Serica Energy Directors Purchase New Shares

Spain's Repsol to drill offshore in Namibia in 2014 -official

CAPE TOWN, Oct 8 (Reuters) - Spanish oil major Repsol will drill its first offshore well in Namibia as early as February next year, a senior official at Namibian national petroleum company NAMCOR said on Tuesday. Repsol is the operator of the Welwitschia-1 well in the Walvis Basin, offshor

Serica Energy narrows half year losses

Serica Energy's shares gained after the oil and gas company narrowed its pre-tax losses in the first half as it lowered its costs. Loss before tax came to $1.9m, down from last year's loss of $3.5m. Sales revenue fell to $3.5m from $8.4m but was offset by a reduction in cost of sales to $2.9m fro

Serica Narrows Losses Despite End Of Kambuna Production

DIRECTOR DEALING: Serica FD, COO Acquire Shares Under Incentive Scheme

Wednesday broker round-up UPDATE

Anglo American: JP Morgan cuts target price from 1675p to 1655p keeping a neutral rating. Aquarium Platinum: Investec shifts target price from 46p to 48p and stays with its hold recommendation. ASOS: Deutsche Bank increases target price from 3800p to 4450p, while leaving its hold recommendation un

STOCKS NEWS EUROPE-Chariot Oil shares fall on HRT's dry well update

Shares in London-listed Chariot Oil & Gas, which has operations in Namibia, fall as much as 14.3 percent on Monday after Brazil's HRT Participações SA said late Friday that a second well drilled off the coast of Namibia was dry. The Rio de Janeiro-based HRT had said drilling was stopped o

Centrica to farm-in to two of Serica's blocks in the UK East Irish Sea

AIM-listed oil and gas exploration and development company Serica Energy has reached agreement with Centrica through its subsidiary Hydrocarbon Resources (HRL) for the farm-out of UK East Irish Sea Blocks 113/26b and 27c in Licence P.1482, in which Serica presently holds a 65 per cent interest. Un

Tuesday broker round-up UPDATE

Afren: Goldman Sachs shifts target price from 224p to 221p keeping a buy recommendation. Alent: Goldman Sachs initiates with a target price from 426p and a buy recommendation. Amerisur Resources: Goldman Sachs moves target price from 65p to 82p and stays with its neutral rating. Bahamas Petroleum

Jupiter Fund Management Chief disposes of 750,000 shares

Edward Bonham Carter, the Group Chief Executive of Jupiter Fund Management, has traded in 2.65m pounds-worth of shares just a few weeks since the group boosted its total dividend for 2012 by 13 per cent. Bonham Carter sold 750,000 shares at 350.75p a time, making a modest dent in his stake which n

Wednesday broker round-up UPDATE

Advanced Medical Solutions: Investec takes target price from 68p to 74p and maintains a buy recommendation. Aggreko: Citigroup reduces target price from 2550p to 2100p, while keeping a buy rating. Ashtead Group: Citigroup raises target price from 590p to 660p leaving its buy recommendation unalter

Thursday broker round-up UPDATE

Aberdeen Asset Management: Bank of America ups target price from 400p to 425p maintaining a neutral rating. Afren: JP Morgan lowers target price from 210p to 195p and downgrades to neutral. Amino Technologies: Northland Capital raises target price from 85p to 90p keeping a buy recommendation. Ant

Serica Energy falls on operations update

Shares in Serica Energy fell over nine per cent Monday following news the oil and gas company abandoned two blocks in the North Sea and was operating on 'limited cash resources'. In an operations update, the company said it has decided to relinquish blocks 210/19a and 20a in the northern North Sea

Premier Oil announces failure of Spaniards East Well

Premier Oil has disappointed its investors with the announcement that the Spaniards East Well in Block 15/21, in which it has a 28 per cent operating interest has been plugged and abandoned as a dry hole. Although the well encountered 75 feet of Jurassic sands, these were shown to be water wet on

Broker snap: Optimism fades after Chariot abandons another well

The news that Chariot Oil and Gas's Kabeljou exploration well was plugged and abandoned as a dry hole prompted most brokers on Monday to either downgrade or put their ratings for the stock under review and significantly reduce their target prices. The Africa-focused oil and gas firm said that the w