Share Name Share Symbol Market Type Share ISIN Share Description
Serica Energy LSE:SQZ London Ordinary Share GB00B0CY5V57 ORD USD0.10
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.25p +3.94% 33.00p 32.50p 33.50p 33.50p 32.00p 32.00p 1,247,403 16:35:07
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 17.4 2.7 3.2 10.5 82.56

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Date Time Title Posts
25/4/201711:17Serica Energy3,021.00
20/4/201718:22serica energy10.00
15/12/201611:55Serica Energy plc - Moderated7,633.00
10/4/201611:14L2 - Observations, comments and screenshots56.00
10/8/201511:10SERICA ENERGY IN NAMIBIA5.00

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Serica Energy (SQZ) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2017-04-25 15:54:1432.506,8002,210.00O
2017-04-25 15:28:2132.9150,00016,454.95O
2017-04-25 15:28:0033.503,6521,223.42AT
2017-04-25 14:57:3532.686,0581,979.51O
2017-04-25 14:55:0533.253,007999.83O
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Serica Energy (SQZ) Top Chat Posts

Serica Energy Daily Update: Serica Energy is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker SQZ. The last closing price for Serica Energy was 31.75p.
Serica Energy has a 4 week average price of 23p and a 12 week average price of 20.75p.
The 1 year high share price is 33.75p while the 1 year low share price is currently 10p.
There are currently 250,179,040 shares in issue and the average daily traded volume is 1,440,651 shares. The market capitalisation of Serica Energy is £82,559,083.20.
wisecat2: Stand by for action. Very very interesting article in the telegraph today. Is this a guess or a prefix to good knowledge. Looking forward to a 50p share price sometime this year. I love this bit, a great word TRANSFORMATIONAL "A repeat of the £11m Erskine deal to snap up a stake in BP’s fields, or a deal to operate the assets, could prove transformational for Serica by doubling its resources which rely solely on Erskine production."
pineapple1: Seems like we are sitting on about $30m of cash at the moment. Production above guidance. All looking good and this below caught my eye regarding Namibia. Nice bit of potential blue sky. It is of course jam 2morrow but we are getting lots of jam today and looks like in the near future if Columbus route is agreed with partners (and that appears likely reading between the lines) Serica plans to work on identifying more prospects supported by the latest seismic visualisation techniques as well as seeking a partner to drill the main carbonate prospect (gross P90 to P10 range of 138 million to 2.8 billion barrels of oil).
chestnuts: blue I think that 500k trade was a buy share price went up
farmscan: Let's just hope that c 10% premium on the share price has not become the accepted standard for a takeover!
the big fella: Nothing wrong with a quiet BB so long as the share price keeps rising.
gersemi: Serica remains a buy despite recent strong gains argues Gary Newman Usually when shares in a small AIM company have risen by nearly 300% from the level where I recommended it as a buy, I would be suggesting to take your profits before the almost inevitable retrace that so many suffer from. But there are exceptions to that and I do tend to cover companies where I see long term growth prospects, rather than bothering with those that just see large rises based on sentiment which are subsequently often wiped out just as quickly. I first covered Serica Energy (LSE:SQZ) as a long term buy at 5.5p back in September 2015. The market cap has now risen to just over £50 million, which does make it more risky buying now as any problems would see the share price take a tumble from the current level of around 20p. The same would be true if the oil price was to drop by any significant amount, as this UK producer is highly geared towards that, and part of the reason why it has been performing so well lately is as a result of the higher prices it is obtaining for the oil it is selling. Currently most of the focus has been on its producing Erskine field, where it holds an 18% share and is operated by Shell (formerly this was held by BG Group prior to the takeover), and it had been suffering due to waxing problems in a pipeline plus a routine shutdown of the Lomond off-take platform. But in late August operations recommenced at the field with a net production rate of 3,150boepd being achieved straight away, which was better than had been expected, and since then that has been steadily approving, and during December reached 3,800boepd. Given the improved commodity prices towards the back end of 2016 this has had a very positive effect on the balance sheet of the company and it is continuing to build its cash reserves at an impressive rate – at December 31 2016 the company had $16.6 million in the bank, and once the proceeds of sales during December are received that is expected to grow to over $20 million (with $3.5 million net of operating costs expected to come in for the month). The profitability of the operation has also been helped by a new operator taking over the Lomond facility and not only reducing costs – the overall operating costs are now well below the $20 per barrel guidance level - but also improving reliability, which had been a problem in the past. This has meant that Erskine has no longer been constrained by the ability of the off-take facility and has been able to pump at its full potential, producing 20,000 to 23,000boepd gross. What I find just as impressive as the operational side of things is the fact that the company has managed to achieve this without getting into any debt, and has very little in the way of liabilities on its balance sheet – net assets stood at over $71 million as at the last interims up to the end of June 2016. It also doesn’t currently have any major planned Capex requirements during the coming year, and has extended some of its exploration licences until a time when hopefully there is renewed interest in spending in this area. It also has the Doyle prospect in the Irish Sea, where it has a 20% stake and the carrying amount in place should be enough for an exploration drill without Sercia having to contribute anything to the costs. It does of course still have some outstanding payments to BP, the previous owner, with $2.775 million paid on July 1 2016, and two further payments for the same amount due on the same date in 2017 and 2018. A look at those interims might put some people off as they showed a net loss of nearly $2.8 million, but that was largely as a result of Erskine being offline, plus the low oil price during the period. Another risk here is the current total reliance on one asset, and any problem can have a big effect on the profitability of the company, as demonstrated during H1 2016. The company does have a solution to that problem though, and during the coming year a full development plan for its 50% owned Columbus field is expected to be submitted for approval by the OGA – this will all be part of a larger project alongside neighbouring fields, with the goal being to maximise the development and offtake in as financially viable a way as possible. Columbus has plenty of potential as the development is based upon a single well and it has contingent resources on a P50 basis of 6.2 million boe, so has the potential to have a big impact on revenue and profits in the future. So currently I would still view the shares as a buy – and definitely one to keep holding for now – as the company is showing that it has the potential to keep on growing going forwards, as well as continuing to build its cash reserves. The only thing that would change my mind would be any serious operational problems, or further significant drops in the oil price below the $45-50 area.
reallyrich: Pretty high I would of thought, but at what price. Say a bid came in at double the current share price I personally would be disappointed at that amount. No debt, generating cash, very few liabilities, good assets, just needs to get one of those licensing areas up and running and the share price will shoot up past that 40p
lord gnome: Well let's do some maths. Market cap (say) £50 millions. Cash coming in currently at a rate of (say) £2.5 millions monthly and rising. A 10% yield would cost the company just £5 millions or two month's income. Very affordable and would reward long-suffering shareholders - especially the older one's who need to supplement their pensions :-) I'd vote for that. It wouldn't do the share price any harm either.
pineapple1: The lackluster share price may just be nothing more than that but knowing how unlucky SQZ seem to be it would come as no surprise to see yet more problems with production . Hope i.m wrong
alnorton2: Hi Ohisay, So the report values Columbus at 17p. including tax loss... This is a worst case scenario and if Columbus is a "no go", then core NAV is apparently 0. Not sure why BG is not interested but Columbus may be perceived as too small or too risky for them. My view is that if there is no real progress in "discussions" related to Columbus, market will be disapointed to put it mildly. One thing that is bothering me - why the Chairman has to repeat "funds are tight", "funds are sufficient to run until end of 2013@ etc. He could work quietly on financing without putting more pressure on the share price. As for placing - there is a number of underfinanced explo companies on AIM. If there is a share placement, SQZ needs a story - not sure "lots of drilling activity" will be enough for II to part with their money. As a general comment, I am pleased with SQZ share price resiliency. It is probably holding on the Chairman's reputation. However, there are similar stories in the market with market caps supported by cash - take SEY and CHAR.
Serica Energy share price data is direct from the London Stock Exchange
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