Jersey Oil, Serica complete farm-out agreement in Greater Buchan Area
26th Feb 2024 09:08
(Alliance News) - Serica Energy PLC and Jersey Oil & Gas PLC on Monday said they have completed the Greater Buchan Area farm-out agreement. Read More
(Alliance News) - Serica Energy PLC and Jersey Oil & Gas PLC on Monday said they have completed the Greater Buchan Area farm-out agreement. Read More
(Alliance News) - Serica Energy PLC on Monday set its production guidance for 2024, and said recently appointed chief fiancial officer, Martin Copeland, has officially begun his role at the company. Read More
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. Read More
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. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday: Read More
(Alliance News) - Serica Energy PLC on Monday announced the signing of a USD525.0 million secured reserves-based lending facility. Read More
(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. Read More
(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. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday. Read More
(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. Read More
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. Read More
(Alliance News) - Serica Energy PLC on Tuesday lowered its output guidance, sending its shares into reverse, as it grapples with a slower than predicted ramp-up from two assets after summer shutdowns. Read More
Serica Energy PLC - London-based oil & gas company focused on the UK North Sea - Announces that after the company's annual general meeting on June 29, David Latin took over as chair, succeeding Tony Walker. Latin joined the company board in December 2021 and was senior vice president for NW Europe, Africa & Australasia at energy company OMV Group from 2011 to 2017. He was chief executive officer and chair of OMV Norway and OMV UK during the same time. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued Thursday and not separately reported by Alliance News: Read More