Serica Energy Share News (SQZ)

Mitch Flegg to step down as Serica CEO

(Sharecast News) - Serica Energy announced a significant leadership change on Thursday, with Mitch Flegg set to step down from his role as chief executive officer and director.

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.

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.

LONDON BROKER RATINGS: Jefferies cuts Tullow; Berenberg likes Volex

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

UK dividends calendar - next 7 days

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.