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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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Post by CalifDreamingon Feb 15, 2008 1:54pm
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Post# 14380717

Will spud offshore Ireland in July...

Will spud offshore Ireland in July...Serica Energy to Open Data-room For its Slyne Basin Licence, West of Ireland Thursday, February 14, 2008 Serica Energy is about to open a data-room for its Slyne Basin Licence (PEL 01/06), West of Ireland. Serica is planning to drill the Bandon and Boyne prospects with the Sedco 704 rig in July. The Serica Licence is 42km south of the Corrib Gas Field (currently being developed by Shell) and is subject to 25% corporation tax only. Interpretation of newly reprocessed 3D data has significantly reduced the risk of the Multi-Tcf sized structures. Water and reservoir target depths are both relatively shallow. 10 - 50% equity is available and the data-room will close on March the 31st. For further details, contact Ciaran Nolan T. 020 7487 7313 E. ciaran.nolan@serica-energy.com
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Dealroom for high-potential pre-IPO opportunities