Serica Energy (SQZ)

Sector:

Energy Producers

Index:

FTSE AIM 100

182.00p
   
  • Change Today:
      2.00p
  • 52 Week High: 268.00
  • 52 Week Low: 172.00
  • Currency: UK Pounds
  • Shares Issued: 389.16m
  • Volume: 747,374
  • Market Cap: £708.27m
  • RiskGrade: 160

Serica confirms delay to restart of Erskine production

By Josh White

Date: Friday 15 Sep 2017

LONDON (ShareCast) - (ShareCast News) - Serica Energy updated the market on its Erskine production operations on Friday, reporting that the operator of the Lomond platform had advised a delay to the restart of Erskine production, pending completion of repairs required to a caisson on the Lomond platform and receipt of approval to recommence from the operator of the Forties Pipeline System, through which Erskine liquids are transported to shore.
The AIM-traded firm said it expected that production would restart on or around 13 September, but it was not now expected until near the end of September, although an earlier date remained possible.

It said the FPS approval process was customary for fields after shut-down, but additional checks had been requested by the FPS operator following the treatment process used to clear wax deposits in the Lomond-to-Everest pipeline.

Following receipt of FPS approval and completion of the Lomond caisson repairs, Erskine production was planned to be increased to full capacity to flush the Lomond to Everest liquids export pipeline and enable full monitoring of the results of the treatment process, the board added.

"The monitoring required by the FPS operator and the need to undertake caisson repairs affects the restart of Erskine production but is not expected to materially affect forward production plans," said Serica executive chairman Tony Craven Walker.

"The company will announce the restart of production when this takes place and will provide a full update at the end of the month when we release our first half results."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Serica Energy Market Data

Currency UK Pounds
Share Price 182.00p
Change Today 2.00p
% Change 1.11 %
52 Week High 268.00
52 Week Low 172.00
Volume 747,374
Shares Issued 389.16m
Market Cap £708.27m
RiskGrade 160

Serica Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
99.74% above the market average99.74% above the market average99.74% above the market average99.74% above the market average99.74% above the market average
94.74% above the sector average94.74% above the sector average94.74% above the sector average94.74% above the sector average94.74% above the sector average
Price Trend
62.17% below the market average62.17% below the market average62.17% below the market average62.17% below the market average62.17% below the market average
1.23% above the sector average1.23% above the sector average1.23% above the sector average1.23% above the sector average1.23% above the sector average
Income
98.74% above the market average98.74% above the market average98.74% above the market average98.74% above the market average98.74% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
31.19% above the market average31.19% above the market average31.19% above the market average31.19% above the market average31.19% above the market average
7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Serica Energy Dividends

  Latest Previous
  Final Interim
Ex-Div 27-Jun-24 26-Oct-23
Paid 24-Jul-24 23-Nov-23
Amount 14.00p 9.00p

Trades for 17-May-2024

Time Volume / Share Price
15:33 39 @ 182.00p
15:33 5 @ 182.00p
15:33 262 @ 182.00p
15:33 1,017 @ 182.10p
15:33 5,417 @ 182.20p

Serica Energy Key Personnel

CFO Martin Copeland

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