Serica Energy (LSE:SQZ) jumped to a record 130p this morning after confirming that it has completed all the work required to protect it against any potential impact of US/Iran sanctions on its North Sea assets. The firm has faced concerns that the Rhum field, in which...
Serica Energy (LSE:SQZ) rose by nearly a third to 102p this morning after telling investors it will not be held back by US sanctions on Iran. Serica has been hit by concerns that the Rhum field, in which it has bought a 50pc-stake and operatorship from BP, will...
This morning saw Serica Energy (LSE:SQZ) announce plans to significantly increase its stake in the Bruce and Keith North Sea oil and gas fields, helping to push its shares up 16.6pc to 82p. The business will pay an initial $5m and a further $15m to acquire Total...
We covered Serica Energy (LSE:SQZ) last week highlighting the potential impact renewed US sanctions on Iran might have on the company. This concern relates to the assets Serica is buying from BP, with one of the fields, Rhum, being 50% owned by the Iranian government....
On 21st November 2017 Serica Energy (LSE:SQZ) announced it had agreed to acquire the North Sea offshore oil interests of BP, which includes the Bruce, Keith and Rhum (BKR) fields. Described by Serica’s directors as ‘transformational for the company’, the stock trebled...
