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Serica Energy Ord Shs SQZZF

Energy Oil & Gas E&P
Serica Energy plc is a mid-tier independent oil and gas company. The principal activity of the Company and its subsidiaries is to identify, acquire, explore and subsequently exploit oil and gas reserves. Its activities are located in the United Kingdom (UK). The Company owns and operates the Bruce (98%), Keith (100%) and Rhum (50%) assets consisting of over 25 wells, three bridge-linked platforms and extensive subsea pipelines and infrastructure that tie-in Rhum, Keith and the Western Area of Bruce to the Bruce facilities. Its Triton Area consists of eight producing oil fields developed via common infrastructure in the UK Central North Sea, located over 190 kilometers (km) east of Aberdeen. Its Columbus Development is located in the UK Central North Sea and produces from a gas-condensate reservoir in the Forties Sandstone Formation. The Orlando Field is located on license P.1606 (UKCS Block 3/3b), over 11 km east of the Ninian Field. It also operates in Erskine, Mansell and Skerryvore.


OTCPK:SQZZF - Post by User

Serica Energy Ord Shs
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Comment by CalifDreamingon Jan 18, 2008 4:11pm
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Post# 14227287

RE: Got some more $1.50 paper. Thx

RE: Got some more $1.50 paper. ThxKambuna should generate FAR more than $70MM/yr cash flow. The NGLs alone should generate ~$65-90MM (65% of 3000- 5000 bpd). Then there is 65% of 50MM cfd at $5 mcf = ~$60MM cash flow. They should see btw $125MM to $150MM cash flow once in full production from Kambuna. Slap a 5x cf multiple and you get $625MM-$750MM target price, or $3.50 to $4.25 target prices. Serica is dirt cheap and there is plenty of upside, particularly if they have any exploration success. Buying Serica at these prices is a gift and I'm thankful nitwits are willing sellers.
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Dealroom for high-potential pre-IPO opportunities
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