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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Serica Energy Plc | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.50 | -0.26% | 193.00 | 192.50 | 192.90 | 197.00 | 189.00 | 196.20 | 991,619 | 16:35:03 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Crude Petroleum & Natural Gs | 812.42M | 177.8M | 0.4578 | 4.21 | 749.12M |
From Apr 2019 to Apr 2024
By Nathan Allen
ACQUIRER: Serica Energy PLC
SELLER: Total SA (FP.FR)
TARGET: Further interests in the Bruce and Keith fields in the North Sea.
PRICE: Serica will pay an initial cash consideration of $5 million followed by three further $5 million installments.
STRUCTURE: Serica UK will acquire a 42.25% interest in the Bruce field and a 25% interest in the Keith field and associated infrastructure.
STATUS: Incomplete
EXPECTED CLOSE: The deal should close in the third quarter, following the completion of a separate deal to buy stakes in the Bruce, Keith and Rhum fields from BP PLC (BP.LN).
RATIONALE: The acquisition will strengthen Serica's position as a leading mid-tier independent oil-and-gas producer on the U.K. continental shelf. It should be immediately cash flow and value accretive.
STOCK MOVE: Serica is trading 7.9 pence, or 11%, higher at 78.2 pence, after peaking at 83.98 pence earlier in the session.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
August 03, 2018 03:43 ET (07:43 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
1 Year Serica Energy Chart |
1 Month Serica Energy Chart |
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