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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 Sep 29, 2008 9:02pm
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Post# 15492776

RE: Salamander approach

RE: Salamander approachGrossly inadequate valuation.  The offer is a non starter.  Double the offer and you may get some interest. Salamander is offering $0.30 on the dollar for a company flush with cash, with near term cash flow and great development/exploration assets - zero need for shareholders to take this ridiculous offer up.  With such a lowball offer, Salamander management has royally pissed off Serica management and they've poisoned the waters.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities