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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 Jan 16, 2006 12:53pm
220 Views
Post# 10188794

more options

more optionsSerica Energy stock option grants TORONTO, Jan. 16 /CNW/ - Serica Energy plc (TSX Venture: SQZ; AIM: SQZ) today announced that it granted 696,000 incentive stock options on November 23, 2005, of which 330,000 were granted to senior officers of the Company at an exercise price of pnds stlg 0.97 (CDN$1.96) per ordinary share expiring five years from the date of grant. As a result of the grant, the Company now has 142,548,579 ordinary shares outstanding (155,296,455 ordinary shares on a fully diluted basis). About Serica Energy PLC Serica Energy PLC is an international oil & gas exploration and production company with primary activities in Indonesia, the UK North Sea and Spain. It currently has offices in Singapore, Jakarta and the United Kingdom. For more information, please visit the Company website, www.serica-energy.com. To receive Company news releases via email, please contact heather@chfir.com and specify "Serica press releases" in the subject line. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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