Serica Energy plc Announces Q3 2012 Results

Serica Energy plc Announces Q3 2012 Results 
LONDON -- (Marketwire) -- 11/14/12 --  *T 
TSX:SQZ 
Serica Energy plc
("Serica" or the "Company") 
Q3 2012 Results 
London, 14 November 2012 - Serica Energy plc (TSX & AIM: SQZ) announces
its financial results for the three and nine months ending 30 September
2012. The results and associated Management Discussion and Analysis are
included below and copies are available at www.serica-energy.com and
www.sedar.com. 
Highlights: 
Serica has continued to make good progress in developing its portfolio
during the third quarter and subsequent period to date: 
The Company: 
o reached agreement to farm-out its interests in the Moroccan offshore
  blocks Foum Draa and Sidi Moussa to Cairn Energy and Genel Energy
  respectively, with potential for drilling in 2013 
o completed the largest single continuous offshore 3D seismic survey
  in Namibia with excellent quality results, processing of data is now
  underway 
o received DECC notice that it is content with Columbus Development
  Plan and that, subject to certain standard conditions, the Secretary
  of State is minded to issue consent to the plan 
o completed the farm-out of its 100% interest in UK North Sea Block
  22/19c to JX Nippon 
o commenced the farm out process for its blocks in the Irish Rockall
  Basin containing the large Muckish prospect 
o ended the quarter with no debt and US$25.1 million unrestricted
  cash balance 
Enquiries: 
Serica Energy plc 
Tony         tony.cravenwalker@serica-energy.com  +44 (0)20 7487 7300
Craven Walker,
Chairman 
Peter        peter.sadler@serica-energy.com       +44 (0)20 7487 7300
Sadler,
Business
Development
Director 
Chris        chris.hearne@serica-energy.com       +44 (0)20 7487 7300
Hearne,
CFO 
J.P.Morgan Cazenove 
Michael      michael.wentworthstanley@jpmorgancazenove.com
Wentworth                                          +44 (0)20 7588 2828
Stanley 
RBC Capital Markets 
Matthew       matthew.coakes@rbccm.com             +44 (0)20 7653 4871
Coakes 
College Hill 
Matthew       matthew.tyler@collegehill.com        +44 (0)20 7457 2020
Tyler 
Catherine     catherine.wickman@collegehill.com    +44 (0)20 7457 2020
Wickman 
Alexandra     alexandra.roper@collegehill.com      +44 (0)20 7457 2020
Roper 
Click on, or paste the following link into your web browser, to view
the associated PDF document: 
http://www.rns-pdf.londonstockexchange.com/rns/0495R_1-2012-11-13.pdf 
This information is provided by RNS 
The company news service from the London Stock Exchange 
END 


 
 
 
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