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Last 4.83 GBp
Change Today -0.20 / -3.98%
Volume 999.4K
SQZ On Other Exchanges
As of 11:35 AM 05/26/15 All times are local (Market data is delayed by at least 15 minutes).

serica energy plc (SQZ) Snapshot

4.70 GBp
Previous Close
5.03 GBp
Day High
4.95 GBp
Day Low
4.70 GBp
52 Week High
08/12/14 - 16.00 GBp
52 Week Low
03/17/15 - 2.75 GBp
Market Cap
Average Volume 10 Days
-0.03 GBp
Shares Outstanding
Dividend Yield
Current Stock Chart for SERICA ENERGY PLC (SQZ)

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serica energy plc (SQZ) Related Businessweek News

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serica energy plc (SQZ) Details

Serica Energy plc identifies, acquires, explores, and exploits oil and gas reserves in the United Kingdom, Ireland, Namibia, Morocco, and Norway. The company was founded in 2004 and is based in London, the United Kingdom.

10 Employees
Last Reported Date: 04/10/14
Founded in 2004

serica energy plc (SQZ) Top Compensated Officers

Chairman, Chief Executive Officer, Member of ...
Total Annual Compensation: $519.0K
Finance Director and Director
Total Annual Compensation: $474.0K
Chief Operating Officer, Executive Director a...
Total Annual Compensation: $474.0K
Compensation as of Fiscal Year 2013.

serica energy plc (SQZ) Key Developments

Serica Energy plc Announces Resignation of Chris Hearne as Chief Financial Officer

Serica Energy plc announced that Chris Hearne has notified the company of his intention to stand down as chief financial officer of the company in order to take up a senior position in another listed oil and gas company. Chris has agreed to remain with Serica until 31 May 2015 in order to oversee the completion of the Erskine transaction and the publication of the company's 2014 financial results. He has served on the board of the company as chief financial officer since 2005 and the company wishes him every success in his new position.

Serica Energy plc Applies For Voluntary Delisting Of Its Ordinary Shares From TSX

Serica Energy plc announced that it has applied for voluntary delisting of its ordinary shares from the Toronto Stock Exchange (the "TSX"). Serica's shares are currently listed for trading on the TSX and the AIM market of the London Stock Exchange ("AIM"). It is expected that the shares will be delisted from the TSX at the close of trading on 31 March, 2015. Serica's shares will continue to trade on AIM under the ticker SQZ. The directors of the Company believe that the minimal trading activity of Serica's shares on the TSX no longer justifies the expenses and administrative efforts associated with maintaining this dual listing, with Serica's AIM listing providing its shareholders with sufficient liquidity. The administrative and regulatory efficiencies provided by focusing on a single listing are part of a wider package of cost cutting measures adopted by Serica. The delisting is not expected to have any impact on Serica's ongoing operations, nor on its ability to raise further funds, if required, to progress the continued development of its projects.

Serica Energy plc Concludes Drilling & Testing in Sidi Moussa Licence, Offshore Morocco

Serica Energy plc confirmed that testing operations have now concluded on the SM-1 well (Serica 5% working interest) on the Sidi Moussa Licence, offshore Morocco. The well was drilled to a total depth of 2,825 metres sub-sea and encountered oil in fractured and brecciated cavernous Upper Jurassic carbonates. During the course of drilling and well control operations, 26 degree API oil was produced to surface with the drilling fluids. A subsequent testing programme confirmed the presence of oil but it was not possible to achieve all of the objectives of the testing programme, most likely as a consequence of the significant reservoir damage suffered during the earlier well control operations. Further evaluation of the drilling and testing results is required before any definitive conclusions can be drawn. The well will now be plugged and abandoned and the Noble Paul Romano semi-submersible rig will be released.


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