Announcement • Apr 27
Serica Energy plc, Annual General Meeting, May 21, 2026 Serica Energy plc, Annual General Meeting, May 21, 2026. Location: the offices of ashurst llp, fruit and wool exchange, 1 duval square, e1 6pw, london United Kingdom Announcement • Mar 28
Serica Energy plc Provides Production Guidance for the Year 2026 Serica Energy plc provides production guidance for the year 2026. For the period, the company expects Unchanged guidance for 2026 production of significantly over 40,000 boepd. Announcement • Dec 17
Serica Energy plc (AIM:SQZ) entered into a sale and purchase agreement to acquire Portfolio of Southern North Sea Assets from Spirit Energy Limited. Serica Energy plc (AIM:SQZ) entered into a sale and purchase agreement to acquire Portfolio of Southern North Sea Assets from Spirit Energy Limited for £60.5 million on December 16, 2025. An upfront cash consideration of £57 million will be paid on completion. The terms of the transaction also include provision for two potential further cash payments by Serica: (1) £2.5 million contingent on sanction of the drilling of an additional development well on Cygnus; and (2) £1 million contingent on the drilling of, and subsequent first production from, an infill well on Clipper South. The acquired assets comprise a 15% non-operated working interest in the Cygnus field; a 25% non-operated working interest in Clipper South; operated positions across various assets in the Greater Markham Area; and further operated and non-operated interests in gas fields across the Southern North Sea, being Eris (54% operated working interest), Ceres (90% operated working interest), and Galleon (8.4% non-operated working interest). Following completion, the seller will retain decommissioning liabilities on the operated assets, expected to constitute over 75% of the total estimated decommissioning liability.
The transaction is subject to approval by regulatory board / committee. The expected completion of the transaction is in H2 2026. The transaction is immediately cash generative.
Peel Hunt LLP acted as financial advisor for Serica Energy plc. N.M. Rothschild & Sons Limited acted as financial advisor for Serica Energy plc. Announcement • Nov 27
Serica Energy plc Provides Production Guidance for the Full Year 2025 Serica Energy plc provided production guidance for the full year 2025. For the year, the company expects production for Fiscal Year 2025 to average 27,000 boepd to 28,000 boepd. Announcement • Oct 22
Serica Energy plc Announces Update on Production at Triton FPSO Serica Energy plc announced that following the announcement on 8 October that an issue with the flare system on the Triton FPSO resulted in a temporary suspension of production, production resumed in line with expectations at a limited level shortly after that date. Since then, the operator has ramped up production, which has now reached a rate of over 25,000 boepd net to Serica. Announcement • Oct 01
Serica Energy plc (AIM:SQZ) signed a sale and purchase agreement to acquire Prax Upstream Limited from Prax Global Finance I PLC for £14.5 million. Serica Energy plc (AIM:SQZ) signed a sale and purchase agreement to acquire Prax Upstream Limited from Prax Global Finance I PLC for £14.5 million on September 30, 2025. The transaction is subject to approval by regulatory board / committee. Completion of the Acquisition is expected in Q4 2025. Richard Crichton of Peel Hunt LLP acted as financial advisor for Serica Energy plc. N.M. Rothschild & Sons Limited acted as financial advisor for Serica Energy plc. Alastair Young, James Maltby, Philip Harle, Freddie Doust, Adela Komorowska of Hogan Lovells act as legal advisor for Prax Global Finance I PLC. Announcement • Jun 30
Serica Energy plc Announces Restart of Production Operations Serica Energy plc announced that, having already completed repairs, scheduled maintenance work at the Triton FPSO has now also been completed and the process to restart production operations is underway. Production will commence shortly and ramp up as each field tied back to the Triton FPSO is brought back onstream following the normal post maintenance start-up schedule, with a stable production level expected to be reached during July. The Triton FPSO was delivering 25,000 boepd net to Serica immediately prior to the shutdown. This figure has the potential to be boosted through the addition of production from two new wells, both of whichwere delivered on schedule and under budget during the Triton downtime, the W7z well on the Guillemot North West field (Serica: 10%) and the EV02 well on the Evelyn field (Serica: 100%). During the shutdown, extensive repairs to the inert gas marine system were completed, with over 100 components on the system either replaced or refurbished. Topside modifications were made in readiness to accept the start of production from the Belinda field expected in early 2026, significant safety critical maintenance work was also undertaken on the firewater system, and valves and sections of pipework across the FPSO were replaced. With work now complete, the normal start-up sequence has begun. Announcement • Apr 24
Serica Energy plc, Annual General Meeting, May 22, 2025 Serica Energy plc, Annual General Meeting, May 22, 2025. Location: the offices of ashurst llp, fruit and wool exchange, 1 duval square, e1 6pw, london United Kingdom Announcement • Mar 07
Serica Energy in Talks for A Potential Merger with Enquest Serica Energy Plc (LON: SQZ) said on March 7, 2025 that it is in discussions for a potential merger with local sector player Enquest Plc (LON:ENQ). Serica’s shares were trading up 4.23% at 125.60 pence as of 1108 GMT, following the announcement, whereas Enquest saw its stock rise by 14.68% to 12.50 pence. The proposed transaction would be structured as an all-share offer by Enquest, with Serica shareholders receiving a return of capital. Besides, Serica's investors would own the majority of shares in the newly combined entity, which would continue to be listed on the London Stock Exchange, according to Serica’s statement. Under the UK takeover rules, Enquest has until April 4 to either make a formal offer or withdraw from the discussions. Announcement • Feb 18
Serica Energy plc Announces Update on Triton FPSO Serica Energy plc announced that, as a result of issues resulting from Storm Éowyn, production from the Triton FPSO has been suspended. During the storm on 24 January, 2025 sea spray triggered the fire and gas detection system, causing an automatic production shutdown. Following an initially successful restart on 28 January, it was established that the storm had caused minor damage to one of the cargo tanks which required repair. While preparing to conduct the necessary repairs, Dana Petroleum ('Dana') identified an integrity issue with a coupling in the inert gas line required for purging the tanks prior to carrying out the repairs. Triton has remained offline subsequently pending identification of the root cause of the issue and the best means of resolving it. Serica is supporting Dana in this process including the secondment of its own representative into the operator's team dealing with this issue. They currently expect that these safety critical repairs will result in the recommencement of production in mid-to-late March. The extent of annual maintenance work in the summer, currently scheduled for 40 days, is also under review. Work continues in parallel on the second gas compressor which, as previously notified, is on track to be available by the end of first quarter of 2025. The Triton JV has recently received the final draft of a comprehensive third-party engineering study, commissioned by the JV to consolidate prior work, to assess the scope and costs associated with extending the life of the Triton FPSO to a range of Cessation of Production dates up to 2040. The report has confirmed that, subject to the continuation of the programme of maintenance and upgrades, the FPSO has the potential to continue producing well into the next decade. Announcement • Jan 21
Serica Energy plc to Report Fiscal Year 2024 Results on Apr 01, 2025 Serica Energy plc announced that they will report fiscal year 2024 results at 8:00 AM, GMT Standard Time on Apr 01, 2025 Announcement • Nov 27
Serica Energy plc Provides Production Guidance for the Full Year 2024 Serica Energy plc provided production guidance for the full year 2024. Full year production is expected to be around 37,000 boe/d. Announcement • Oct 04
Serica Energy plc Updates on Bittern B6 Well Production Serica Energy plc confirmed that the B6 well on the Bittern field which commenced initial flowback to the Triton FPSO on 11 September, is now producing at a stable rate. The well is producing oil and gas at a combined gross rate of around 8,000 boepd, a total of around 5,200 boepd net to Serica. Drilling and completion activities on the Gannet GE-05 well have now concluded. Data collected during drilling have shown encouraging results, and production is expected to commence around the start of November. The COSL Innovator rig is now moving to drill the next well in the campaign, on the Guillemot NW field. Total Serica portfolio production is currently over 50,000 boepd, a level that if retained would result in the Company finishing 2024 in line with the updated guidance given at the company's half-year results on 10 September. Announcement • Aug 29
Serica Energy plc to Report First Half, 2024 Results on Sep 10, 2024 Serica Energy plc announced that they will report first half, 2024 results on Sep 10, 2024 Announcement • Jun 27
Serica Energy plc Provides Production Guidance for the Year 2024 Serica Energy plc provided production guidance for the year 2024. The production guidance range for 2024 is updated to 41,000 - 46,000 boe/d. Announcement • Jun 06
Serica Energy plc, Annual General Meeting, Jun 27, 2024 Serica Energy plc, Annual General Meeting, Jun 27, 2024. Location: the offices of peel hunt llp, 100 liverpool street, ec2m 2at, london United Kingdom Announcement • May 15
Serica Energy plc Announces Executive Changes, Effective 1 July 2024 Serica Energy plc announced the appointment of Chris Cox as Chief Executive Officer. This will take effect on 1 July 2024, with David Latin (Chairman of Serica) ceasing his temporary role as Interim CEO at the same time. Chris Cox has over forty years experience in oil and gas in a wide range of roles with Majors and Independents. For the last two decades he has been leading complex multi-asset and multi-country businesses including as CEO of Spirit Energy, Interim CEO at Capricorn Energy and Chairman of Kellas Midstream. Chris has experience as a non-executive director of both private equity and publicly listed companies, most recently with Nostrum Oil and Gas. Chris holds a BSc in Petroleum Engineering from Imperial College, London. Christopher Martin Cox (aged 63), Current Directorships: Nostrum Oil & Gas plc; Past Directorships (within the last 5 years): Curium Resources Ltd; Curium Energy Consultants Limited; Curium Energy Ltd; Oxomo Tequila Ltd; Capricorn Egypt (Holding) Limited; Capricorn Côte d'Ivoire Limited; Capricorn Energy Investments Limited; Capricorn Low Carbon Solutions Limited; Capricorn Production II Limited; Capricorn Energy Holdings Limited; Capricorn Egypt Limited; Capricorn Oil Limited; Capricorn Energy UK Limited; Capricorn Mauritania Limited; Capricorn Senegal (Holding) Limited; Capricorn Offshore Exploration Limited; Capricorn Production (Holdings) Limited; Cairn UK Holdings Limited; Capricorn Resources Management Limited; Capricorn Production I Limited; Capricorn Americas Limited; Capricorn Petrololeum Limited; Agora Oil and Gas (UK) Limited; Capricorn Senegal Limited; Capricorn Energy plc; Kellas Group Holdings Limited. Announcement • Apr 17
Serica Energy plc to Report Fiscal Year 2023 Results on Apr 24, 2024 Serica Energy plc announced that they will report fiscal year 2023 results on Apr 24, 2024 Announcement • Mar 07
Serica Energy plc Provides Production Guidance for the Year 2024 Serica Energy plc provided production guidance for the year 2024. For the period, Company expects production at 41,000 to 48,000 boe per day. Announcement • Feb 05
Serica Energy plc Provides Production Guidance for the Full Year 2024 Serica Energy plc provided production guidance for the full year 2024. The production guidance for 2024 is 41,000 to 48,000 boe/d (net to Serica). This represents an increase on pro-forma production for the combined Serica and Tailwind portfolios in 2023. Announcement • Nov 21
Serica Energy plc Announces Board Changes Serica Energy plc announced that Andy Bell, Chief Financial Officer, has informed the board of his intention to step down from his role in the New Year when he will be replaced by Martin Copeland. Martin is currently a Principal at energy advisory firm Kirk Lovegrove & Co. Ltd. Martin has worked in oil & gas financing and advisory roles across a number of investment banks for more than 30 years. Some of his recent North Sea experience includes advising Premier Oil on their reverse takeover by Chrysaor to create Harbour Energy, advising JX Nippon on the sale of their UKCS business to Neo Energy and advising Tailwind Energy on their sale to Serica. Martin Francis David Copeland (aged 54): Mr. Copeland does not hold any ordinary shares nor options over ordinary shares in the Company. Current Directorships: Ashford Community Fibre Optic C.I.C. and The Chace Freehold Company Limited. Announcement • Sep 19
Serica Energy plc Announces Interim Dividend Payable on 23 November 2023 Serica Energy plc announced Interim dividend of 9 pence per share (2022: 8 pence per share) announced following the full year dividend of 22 pence per share for 2022. The interim dividend is payable on 23 November to shareholders registered on 27 October 2023 with an ex-dividend date of 26 October 2023. Announcement • Sep 09
Serica Energy plc to Report First Half, 2023 Results on Sep 19, 2023 Serica Energy plc announced that they will report first half, 2023 results on Sep 19, 2023 Announcement • Jul 18
Serica Energy plc Announces Board Changes Serica Energy plc announced that Kaat Van Hecke and Sian Lloyd Rees have each accepted an invitation to join Serica's Board as Independent Non-Executive Directors with immediate effect.Upon joining the Board, Kaat will be appointed to chair the HSE Committee and the Reserves Committee, and Sian will be joining the Remuneration and Sustainability Committees. After the AGM on 29 June 2023 Tony Craven Walker retired and David Latin took over as Chairman. The Company also announces that Trevor Garlick is stepping down as an Independent Non-Executive Director with effect from 17 July 2023. Kaat has over 25 years of experience in the petrochemical and upstream oil and gas business. She has held a variety of positions with ExxonMobil, Shell, OMV, and Nostrum Oil & Gas in Europe, Nigeria, Russia and Kazakhstan. Kaat is an experienced Non-Executive Director who currently holds Independent Non-Executive Director positions and chairs Board Committees at Glover Gas & Power B.V/Axxela Limited, the largest private sector natural gas distributor in West Africa, and at Trinity Exploration & Production Plc which is focussed on Trinidad and Tobago. Sian has over 30 years experience in Oil & Gas, IT and renewable Energy industries. Her career includes roles at Halliburton Corporation, Oracle Corporation and Aker Group, across multiple geographies. Currently Sian is UK Managing Director for Aker ASA's Mainstream Renewable Power business which is responsible for growing a renewable energy portfolio in offshore wind and hydrogen. She is also a Non-Executive Director and co-chair of OEUK Ltd, a Non-Executive Director for the UKs Net Zero Technology Centre Ltd, and a Non-Executive Director for Aberdeen Harbour Ltd. (Port of Aberdeen). Kaat Van Hecke (aged 51): Current Directorships: Glover Gas & Power B.V. /Axxela Limited; Axxela Funding 1 PLC; Transit Gas Nigeria Limited and Trinity Exploration & Production PLC. Past Directorships (within the last 5 years): Nostrum Oil & Gas PLC and OMV Austria Exploration & Production GmbH. Sian Lloyd Rees (aged 62): Current Directorships: Aker Offshore Wind Limited; Arven Offshore Wind Farm Hold Co Limited; Arven Offshore Wind Farm Limited; Dubh Artach Holdings Limited; Dubh Artach Offshore Wind Limited; Energy Transition Zone Ltd; Net Zero Technology Centre Limited; The UK Offshore Energies Association Limited; UK Mainstream Renewable Power Limited and Aberdeen Harbour Limited. Past Directorships (within the last 5 years): Aberdeen Cyrenians Limited; Aker Engineering Malaysia Ltd; Aker Engineering & Technology Limited; Aker Offshore Partner Limited; Aker Solutions Eame Limited; Aker Solutions Holding Limited; Aker Solutions IP Limited; Aker Solutions Limited and Enovate Systems Limited. Announcement • Jun 29
Serica Energy plc Reaffirms Production Guidance for the Full Year 2023 Serica Energy plc reaffirmed production guidance for the full year 2023. The company announced that, some of the outages have just commenced and some will occur during the second half of the year so full year 2023 production guidance remains unchanged at 40,000 - 47,000 boe/d. Announcement • May 31
Serica Energy plc, Annual General Meeting, Jun 29, 2023 Serica Energy plc, Annual General Meeting, Jun 29, 2023, at 11:00 Coordinated Universal Time. Location: Offices of Peel Hunt LLP, 100 Liverpool Street London United Kingdom Announcement • Jan 28
Serica Energy plc, Annual General Meeting, Jan 27, 2023 Serica Energy plc, Annual General Meeting, Jan 27, 2023. Announcement • Sep 29
Serica Energy plc Provides Production Guidance for the Full Year 2021 Serica Energy plc provided production guidance for the full year 2021. For the period, the company's full year guidance is now set at between 23,000 and 25,000 boe/d. Announcement • Jul 14
Serica Energy plc Announces Successful Flow Test Results from the Columbus Development Well Serica Energy plc announced successful flow test results from the Columbus development well. The well was drilled to a measured depth of 17,600ft with a horizontal section of over a mile in length in the Forties Sandstone formation. The completion equipment has been successfully installed into the well and a flow test has now been performed. A stabilised flow rate of 38.0mmscf/d of gas and 1,560bbls/d of condensate has been achieved through a 56/64ths inch choke. This rate was at the upper end of the pre-drill range of expected outcomes and was constrained by the surface well test equipment on board the Maersk Resilient Heavy-Duty Jack-Up drilling rig. A diving support vessel ("DSV") will tie the subsea wellhead into the Arran Field export system directly after the rig leaves location. It is anticipated that Columbus start-up will occur in Fourth Quarter 2021 once initial flow from the Arran field has reached stable conditions. Once it has been brought on stream it is anticipated that the Columbus well will produce at around 7,000boe/d (gross) of which at least 75% is expected to be gas. Columbus was discovered by Serica in 2006. Serica has a 50% interest and has been the operator throughout the exploration, appraisal and field development stages and has developed the field in conjunction with its partners Waldorf Production UK Ltd. and Tailwind Energy Ltd. Minimal subsea equipment has been installed to enable tie-in of the Columbus well to adjacent infrastructure, thus minimising environmental impact and CO2 emissions. This is consistent with Serica's stated objective of reducing the carbon intensity (i.e. CO2 per barrel of oil equivalent) of its production operations. Announcement • Jun 10
Serica Energy plc Provides Rhum R3 Well Flow Test Results Serica Energy plc provided the following operational update for the Rhum R3 well. The new completion equipment has been successfully installed into R3 and a flow test has now been performed. A stabilised flow rate of 58.4mmscf/d of gas and 135bbls/d of condensate has been achieved through a 60/64ths inch choke. This rate was constrained by the surface well test equipment on board the WilPhoenix semi-submersible drilling rig and it is expected that the well will be able to produce at higher rates when in production. A diving support vessel ("DSV") has been contracted to install the subsea control equipment required so the well can start producing in third quarter 2021. The successful recompletion of R3 will increase the Rhum production capacity utilising the existing facilities located on the Bruce platform and will, therefore, not lead to significant additional CO2 emissions. This is in line with Serica's stated objective of reducing the carbon intensity (i.e. CO2 per barrel of oil equivalent) of its production operations. Announcement • May 25
Serica Energy plc Provides Columbus and R3 Operational Update Serica Energy plc provided operations update that the Columbus development well was spudded in mid-March and drilled, as planned, to a total measured depth of 17,600ft. A 5,900ft horizontal section was drilled through the reservoir formations of the upper Forties and encountered a sequence of sands and shales, in line with pre-drill expectations. The well requires sand screens to be installed to prevent fine particles being produced; difficulties were encountered while running the screens and it was ultimately not possible to install them. As a result, the reservoir section of the well will be side-tracked and re-drilled, using data collected during initial drilling to optimise its trajectory and avoid the difficulties encountered running the screens in the original well. The additional operations are expected to take around 3-4 weeks at a net cost to the company of around £3 million. These operations are not expected to affect the timing of production start-up which is still expected during the fourth quarter of 2021. Separately, the R3 well has now been cleared of all equipment installed when it was originally completed in 2005. Reservoir access has been regained thus allowing new completion equipment to be run in preparation for production. The new completion is currently being installed prior to performing a flow test on the well, which is expected to be carried out in June. A diving support vessel has been contracted to install the subsea control equipment required so the well can start producing in the third quarter of 2021. Announcement • Mar 18
Serica Energy plc Announces Columbus Development Serica Energy plc announced the spud of the Columbus 23/16f-CDev1 development well in the UK Central North Sea which will be drilled to a total depth of 17,600ft and will include a 5,600ft horizontal section. The well is being drilled with the Maersk Resilient Heavy Duty Jack Up rig and is expected to take around 70 days. The Columbus development area is 35km north east of the Shearwater production facilities and will be drained by a single producing well tied into the existing Arran to Shearwater pipeline. A recent Competent Person's Report estimates the Columbus gross undeveloped 2P reserves to be in excess of 14 million barrels of oil equivalent ("boe"). After drilling this development well, an open-hole sand-screen completion will be installed and a short clean-up flow and well test will be performed to provide production data and prepare for flowing into the export system. The well will then be suspended. Later in the year, the well will be connected to the Arran pipeline, through which Columbus production will be exported along with Arran Field production. When the production reaches the Shearwater platform, the gas and liquids will be separated, and the gas exported via the SEGAL line to St Fergus and the liquids through the Forties Pipeline System to Cruden Bay. Production is expected to commence in early Fourth Quarter 2021, with average gross production forecast to be around 7,000 boe/d, of which over 70% is gas. Announcement • Jan 22
Serica Energy plc Receives Renewed License and Secondary Sanctions Assurance from the US Office of Foreign Assets Control Serica Energy plc announced that it has received a renewed License and secondary sanctions assurance from the US Office of Foreign Assets Control ("OFAC") relating to the North Sea Rhum field, in which the company has a 50% interest. The License and assurance will allow certain U.S. and U.S.-owned or controlled entities and also non-U.S. entities to continue providing goods, services and support to Rhum beyond 28 February 2021; when the current License was due to expire. This will enable operations and production from the Rhum field to continue unaffected. The previous OFAC License was valid for a period of 16 months. In this case OFAC has issued the License for a period up to 31 January 2023. The License may be renewed on application by Serica assuming the conditions continue to be met. Announcement • Sep 03
Serica Energy plc to Report First Half, 2020 Results on Sep 10, 2020 Serica Energy plc announced that they will report first half, 2020 results on Sep 10, 2020 
