Cairn Energy buys half-share in Moroccan block
28th Aug 2012 07:58
Oil and gas explorer Cairn Energy is to acquire a half-share in the Foum Draa block in Morocco, diluting the stakes of San Leon Energy, Serica Energy, Longreach Oil and Gas Ventures. Cairn will pay its equity interest share of past costs and the first $60m towards the costs of an exploration well,
Read moreBP joins Serica in Namibia
25th Jun 2012 09:29
Serica Energy said the Namibian government had given the thumbs up to a farm-in deal with BP. The firm said the Namibian Minister of Mines and Energy had consented to the assignment by Serica of a 30% interest in its Luderitz Basin Licence 0047. Under the terms of the farm-in, BP has agreed to ear
Read moreMonday broker round-up
25th Jun 2012 08:56
African Barrick Gold: Nomura cuts target from 685p to 670p, buy rating unchanged. Aquarius Platinum: UBS cuts target from 110p to 55p, neutral rating kept. Avocet Mining: Nomura downgrades from buy to neutral, cuts target from 310p to 220p. Bovis Homes: UBS upgrades from sell to neutral, 465p tar
Read moreSerica making rapid progress in Namibia
19th Jun 2012 08:24
Serica Energy, an oil and gas outfit with major licence interests offshore West Africa, has said 'rapid progress' has been made at the 17,400 square kilometre licence in the Central Luderitz Basin, offshore Namibia. On June 17th the company passed the 1,500 square kilometre mark and, as a result,
Read moreSerica ready to start large survey in Namibia
1st May 2012 11:53
Oil and gas explorer Serica Energy has reported the arrival of the Polarcus Nadia, a 10-streamer seismic vessel, in Serica's Luderitz Basin Blocks 2512A, 2513A, 2513B and 2612A, which are located offshore Namibia. The cost of the survey is to be met by BP which will earn a 30% interest in the licen
Read moreResources round-up: Forte Energy, Ferrum, Gold Oil...
15th Mar 2012 12:59
Forte Energy, a uranium company, has announced positive assay result from the final seven holes from the recent reverse circulation drilling programme completed at the A238 Prospect in Mauritania. The assay results from the programme have confirmed the mineral resource extension at a depth below t
Read moreLondon close: Footsie follows Wall Street lower
4th Jan 2012 17:12
Having spent most of the day seeking direction, UK investors took the hint from their US counterparts and banked some of yesterday's heavy gains. Fashion chain Next was one of the day's biggest fallers, after a cautious trading statement. The company said "despite a good final week before Christma
Read moreLondon midday: Footsie back to square one
4th Jan 2012 10:38
UK equities are seeking direction after a morning in which the Footsie moved in a narrow band ranging from 5689 to 5720. Fashion chain Next is a drag on the index, after a cautious trading statement. The company said "despite a good final week before Christmas, November and December sales were disa
Read moreSerica jumps on UK offshore licence awards
4th Jan 2012 09:09
Serica Energy, the oil and gas explorer, put on a spurt after announcing it had been offered two production licences in the UK government's offshore licensing programme. Block 110/8b in the East Irish Sea has been offered to Serica as operator with a 100% interest while a collection of other blocks
Read moreWhitbread's Harrison takes a top-up
18th Jul 2011 15:37
Whitbread's chief executive Andy Harrison has taken a top-up in the Costa Coffee and Premier Inn owner's shares, spending nearly £250,000. He took 16,095 shares at 1,543.6p a time and now has 177,768. Harrison's purchase comes the week after Whitbread reported a 9% rise in sales for the first quar
Read moreSerica Energy mulls sale of Indonesia ops
9th Nov 2010 15:45
Oil explorer is Serica Energy is considering selling its Indonesian assets to focus on upcoming projects in the North Sea, Western Europe and Africa. The company, which is starting a strategic review, said it would be prepared to swap Indonesian production for producing assets in the UK or Western
Read morePremier Oil and gang expand North Sea portfolios
28th Oct 2010 08:12
Premier Oil has been awarded five new licences in the 26th UK Licensing Round, including several blocks close to its existing interests in the Central North Sea. The company, which already has a 35% interest in the potentially huge Catcher field, said the wins, announced yesterday by the Department
Read moreSerica Energy Starts Oates Exploration Well Drilling
2nd Aug 2010 07:31
LONDON (Dow Jones)--Serica Energy (SQZ.LN), said Monday that drilling operations commenced at the Oates exploration well location in Block 22/19c in the U.K. Central North Sea on July 30, and said the well will be drilled by the Ensco 100 jack-up drilling rig to a depth of 10,000 feet. MAIN FACT
Read moreSerica Energy To Carry Out FEED For Bridge Linked Platform
15th Jun 2010 07:54
LONDON (Dow Jones)--Serica Energy PLC (SQZ.LN), said Tuesday that an agreement has been reached with BG International Ltd and Dana Petroleum Ltd (DNX), whereby BG will carry out Front End Engineering and Design or FEED work for a Bridge Linked Platform that will connect with the Lomond platform and
Read moreNon-exec sells stake in Twilight distributor
26th Mar 2010 16:30
Non-executive Robert Lantos has sold his entire holding of ordinary shares in Entertainment One, which owns distribution rights to the Twilight vampire films. The Entertainment One share price has almost quintupled in the past year. Lantos gained his stake and board position after he sold his Cana
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