16th Dec 2020 06:51
Serica Energy PLC - oil and gas company focused on the North Sea - Notes the importance of elevated gas prices following the "historically low prices encountered earlier this year". Notes slower drilling progress than had been anticipated at Rhum field in the North Sea. Says that poor weather conditions have resulted in approximately 11 days of weather-related downtime and the resolution of a technical problem with rig equipment has led to a further 28 days of downtime. Says that rig operations will not be completed before late January 2021.
Current stock price: 104.80 pence
Year-to-date change: down 19%
By Greg Roxburgh; [email protected]
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