IN BRIEF: Serica Energy completes buy of Catcher and Golden Eye stakes
Serica Energy PLC - London-based, UK North Sea-focused oil and gas producer - Completes its purchase from ONE-Dyas of a 10% interest in the Catcher Field and a 5.21% interest in the Golden Eagle Area Development. Says it has settled the USD6.8 million consideration and received a $13.0 million payment, reflecting interim post-tax cashflows since January 1, 2024. Serica adds that it will receive around 85,000 barrels of oil equivalent in respect of an underlift position, and receive the roughly $8 million associated cash proceeds in the third quarter. Says the acquisition further diversifies its producing portfolio, which has current net production of around 2,500 boe per day, and adds combined net 2P reserves of 3.0 mmboe and 2C resources of 0.5 mmboe as at December 31. Read More