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Serica Energy Ord Shs SQZZF

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

Bullboard Posts
Post by jcjohn36on Sep 29, 2008 9:43am
1072 Views
Post# 15490676

more insider buying

more insider buying

Serica Energy PLC announces share purchase by directors

Mon Sep 29, 2:00 AM

LONDON, Sept. 29 /CNW/ - Serica Energy plc (TSX Venture: SQZ; AIM: SQZ) ("the Company") announces that, on 26 September 2008, a number of directors increased their beneficial shareholdings in the Company by a total of 455,000 shares:

Antony Craven Walker (Chairman) acquired 100,000 ordinary shares at an average price of 49 pence per share taking his total beneficial shareholding to 5,704,473 shares representing 3.23% of the voting rights

Paul Ellis (Chief Executive) acquired 200,000 ordinary shares at an average price of 53 pence per share taking his total beneficial shareholding to 850,000 shares representing 0.48% of the voting rights

Chris Hearne (Finance Director) acquired 35,000 ordinary shares at an average price of 49 pence per share taking his total beneficial shareholding to 710,551 shares representing 0.4% of the voting rights

Ian Vann (Non-Executive Director) acquired 55,000 ordinary shares at an average price of 49 pence per share taking his total beneficial shareholding to 89,262 shares representing 0.05% of the voting rights

Romayne Pike (wife of Neil Pike, Non-Executive Director) acquired 55,000 shares at an average price of 49 pence per share taking the total beneficial shareholding of Mr Pike to 405,000 shares representing 0.23% of the voting rights

Jonathan Cartwright (Non-Executive Director) acquired 10,000 ordinary shares at an average price of 49 pence per share taking his total beneficial shareholding to 20,000 shares representing 0.01% of the voting rights

The Company has 176,518,311 ordinary shares issued and outstanding.

Bullboard Posts