Serica Energy (SQZ)

Sector:

Energy Producers

Index:

FTSE AIM 100

132.50p
   
  • Change Today:
    -0.30p
  • 52 Week High: 268.00
  • 52 Week Low: 130.60
  • Currency: UK Pounds
  • Shares Issued: 390.46m
  • Volume: 241,790
  • Market Cap: £517.36m
  • RiskGrade: 160

Serica Energy taps Chris Cox as its new CEO

By Josh White

Date: Tuesday 14 May 2024

LONDON (ShareCast) - (Sharecast News) - Independent upstream oil and gas firm Serica Energy announced the appointment of Chris Cox as its new chief executive officer on Tuesday, effective 1 July.
The AIM-traded firm said following the appointment, David Latin, who had been serving as interim CEO, would conclude his temporary role.

It said Cox would bring more than 40 years of extensive experience in the oil and gas industry, having held various roles with both major corporations and independent firms.

Over the last 20 years, he had demonstrated leadership in managing complex multi-asset and multi-country businesses.

Cox's previous roles included CEO of Spirit Energy, interim CEO at Capricorn Energy, and chairman of Kellas Midstream.

He had also served as a non-executive director for both private equity and publicly listed companies, with his most recent position being with Nostrum Oil and Gas.

"We are delighted to have secured the services of Chris Cox after a rigorous recruitment process," said chairman and interim chief executive officer David Latin.

"His technical and commercial acumen, combined with his track record in leadership and teambuilding as CEO of substantial upstream entities operating in multiple geographies including the UK and Norway, make him an excellent fit with Serica's existing operations, exciting drilling programme currently underway and ambitions to grow through mergers and acquisitions.

"With this appointment, we have our new executive team in place and I look forward to working with them to deliver growth and returns for our investors."

Cox holds a Bachelor of Science degree in petroleum engineering from Imperial College, London.

"I am honoured to be given the opportunity to lead the team at Serica at this very important time," commented Chris Cox.

"In the last several years, Serica has established itself as one of the leading producing companies in the UK North Sea.

"I will do my utmost to continue the company's reputation for safe high quality operational performance, to realise the significant potential for growth within the existing portfolio and to add further value for shareholders through mergers and acquisitions."

At 1248 BST, shares in Serica Energy were up 0.61% at 181.4p.

Reporting by Josh White for Sharecast.com.

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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 132.50p
Change Today -0.30p
% Change -0.23 %
52 Week High 268.00
52 Week Low 130.60
Volume 241,790
Shares Issued 390.46m
Market Cap £517.36m
RiskGrade 160

Serica Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
100.00% above the market average100.00% above the market average100.00% above the market average100.00% above the market average100.00% 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
Price Trend
79.59% below the market average79.59% below the market average79.59% below the market average79.59% below the market average79.59% below the market average
54.43% below the sector average54.43% below the sector average54.43% below the sector average54.43% below the sector average54.43% below the sector average
Income
98.73% above the market average98.73% above the market average98.73% above the market average98.73% above the market average98.73% 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
37.35% above the market average37.35% above the market average37.35% above the market average37.35% above the market average37.35% above the market average
42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above 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 23-Jul-2024

Time Volume / Share Price
08:50 37 @ 133.40p
08:49 437 @ 132.50p
08:49 227 @ 132.50p
08:49 3 @ 133.50p
08:46 592 @ 133.10p

Serica Energy Key Personnel

CFO Martin Copeland
CEO Chris Cox

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