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Serica's generous dividend payment of 14p is due to be paid on Wednesday 24 July. This dividend payment of 14p alone equates to 10.5% of current share price of £1.335 approx (does not include November dividend payment). Will reinvest July's dividend payment to buy more shares at this cheap share price. Serica's strong cash-flow means generous dividends should continue for forseeable future.

Interview/ analysis on Sercia with Roland Head of Stockopedia dated/posted 19 July 2024. Click on link below.

Overall very positive view of Serica based on a number of factors. EG very cheap share price; strongly cash generative; very generous dividends. Labour is reluctant to issue new oil and gas licences in North Sea, but do want to continue with current licences to maximise current operations in the North Sea. This will benefit Serica as one of the largest independant mid-tier licensed oil and gas companies in North Sea that focuses on current (rather than new) licences/operations. Negative is that Labour may want to raise tax further for oil and gas companies in the North Sea by an additional 3%.

IMO Postives appear to heavily outweigh negatives. Serica share price appears very cheap. Seems set for a strong recovery from here now. DYOR.

Interview - Serica from 15:42 onwards: https://www.youtube.com/watch?v=ydUUg6LMu6Y