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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 Jun 09, 2009 10:12am
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Post# 16054635

I have no idea what the results mean

I have no idea what the results meanThe PR is so devoid of useful detail that I find it impossible to buy.  Bandon was supposed to be a large gas target.  Yet they announce oil.   But give no details of any log results, any plans to test, or the status of the rig (is it on site or has it been released?).   That's an almost criminal omission when it comes to news like this.  How is anyone to draw any rational conclusions (let alone make investing decisions) without more information?
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Dealroom for high-potential pre-IPO opportunities