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Pin to quick picksSerica Energy Share News (SQZ)

Share Price Information for Serica Energy (SQZ)

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Share Price: 183.00
Bid: 182.70
Ask: 184.30
Change: 5.80 (3.27%)
Spread: 1.60 (0.876%)
Open: 177.70
High: 183.40
Low: 175.90
Prev. Close: 177.20
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TRADING UPDATES: MySale scraps ASX float; Serica produces Columbus oil

Thu, 25th Nov 2021 14:49

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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Serica Energy PLC - gas producer in UK North Sea; responsible for 5% of all UK gas production - Begins production at its Columbus field located in the central North Sea. Hydrocarbons from the C1z development well started flowing on Wednesday, Serica says. The comingled Arran and Columbus production streams are now being exported for processing and onward export to the gas and liquid sales points. Serica expects Columbus to be producing at its potential by early December.

Chief Executive Mitch Flegg Serica comments: "I am delighted that first production has been achieved, as planned, during fourth quarter 2021. This marks a significant milestone for Serica as it reaches the successful conclusion of its first development project."

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Premier African Minerals Ltd - southern Africa-focused miner - Drilling at Zulu lithium and tantalum project in Zimbabwe continues to demonstrate "significant mineralised intersections" in extensions. Notes 4,190 meters drilled to date with 24 holes completed. Says samples submitted over known step out zone.

Chief Executive George Roach says: "Whilst we wait for assay results and modelling, it is most encouraging to note the pegmatite intersections encountered in a zone not previously included in any of our exploration target assessments or in the existing resource estimate. Together with preliminary results from exploration activities in the wider exclusive prospecting area, this continues to support my view that Zulu is likely to emerge as one of the more substantial hard rock lithium rich regions in Zimbabwe."

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MySale Group PLC - Australia, New Zealand and south east Asia-focused online retailer - Confirms that it is withdrawing from proposed 2021 listing on Australian Securities Exchange, blaming the "current equity market conditions and the performance of a number of recent IPOs in Australia". Earlier this month MySale originally said it planned to float on the ASX and cancel its listing on AIM in March next year. Company reiterates long-term objective of aligning its listing with its operations in Australia and intends to reassess the timing of an ASX listing at the appropriate time during calendar 2022. Also notes that the business continues to trade well, underpinned by strong growth from its marketplace platform. Gross profit for the first four months of the 2022 financial year is ahead of the prior year by 9%.

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Clipper Logistics PLC - e-fulfilment and returns management services provider - Forms a joint venture company with luxury fashion platform Farfetch. The partnership will see the two work on creating a "global e-commerce fulfilment solution for luxury brands". The joint venture is expected to launch in early 2022 and will offer online fulfilment services in territories in Europe, Asia and North America with plans to further expand in the medium term, Clipper explains.

Clipper Executive Chair Steve Parkin comments: "The luxury goods sector is going through a period of transformation and we're delighted to extend our relationship with Farfetch to meet these new demands with a global e-fulfilment solution. The partnership of our market leading technology and expertise with Farfetch's global brand and operating expertise will create a unique and fully integrated international offering for stock from Farfetch's group of companies including Browns and New Guards Group, as well as stock from other luxury brands."

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By Will Paige; willpaige@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
18 Dec 2023 11:17

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.

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18 Dec 2023 09:00

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.

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6 Dec 2023 10:32

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.

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6 Dec 2023 09:46

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.

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23 Nov 2023 12:17

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.

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23 Nov 2023 11:49

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.

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23 Nov 2023 10:58

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.

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21 Nov 2023 11:15

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.

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21 Nov 2023 09:51

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.

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16 Nov 2023 15:53

UK dividends calendar - next 7 days

Friday 17 November 
Hays PLCdividend payment date
Hays PLCspecial dividend payment date
Howden Joinery Group PLCdividend payment date
International Public Partnerships Ltddividend payment date
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Old Mutual Ltddividend payment date
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Taylor Wimpey PLCdividend payment date
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Monday 20 November 
Dunelm Group PLCdividend payment date
Tuesday 21 November 
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Wednesday 22 November 
CRH PLCdividend payment date
Henderson Eurotrust PLCdividend payment date
Thursday 23 November 
abrdn Asia Focus PLCex-dividend payment date
abrdn Asia Focus PLCspecial ex-dividend payment date
Atrato Onsite Energy PLCex-dividend payment date
Babcock International Group PLCex-dividend payment date
Blackrock Sustainable American Income Trust PLCex-dividend payment date
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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31 Oct 2023 10:53

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.

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31 Oct 2023 10:06

Serica Energy awarded Kyle block in UK licensing round

(Sharecast News) - Serica Energy announced the award of a 100% interest in UK block 29/2a to its wholly-owned subsidiary Tailwind Energy Chinook on Tuesday as part of the UKCS 33rd Offshore Licensing Round.

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19 Oct 2023 15:47

UK dividends calendar - next 7 days

Friday 20 October 
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Wednesday 25 October 
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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19 Sep 2023 13:48

Serica trims production guidance after completing Tailwind acquisition

(Sharecast News) - Upstream oil and gas company Serica Energy noted the March acquisition of Tailwind Energy Investments in its interim results on Tuesday, which raised 2P reserves to 130 million barrels of oil equivalent as of 31 December.

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19 Sep 2023 11:25

Serica cuts output guide and warns on "health" of UK upstream industry

(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.

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