2011 June

Here is the Serica AGM presentation pdf which should be read in conjunction with the recent DEO release on Spaniards Block. Serica AGM_Presentation

Interesting RNS just out from DEO which is of particular relevance to Encore, Nautical and Serica. Previously, Encore had a 40% interest in block 15/21g and Serica and NPE having the remainder split between them 30% each. Rather smartly – DEO who have the licence block ’15/21a’ which is just below 15/21g, have taken 9% off …

Quick fag packet guide based on the AGM announcement of SEA asset sale. First of all – I expected a higher price than $33mln. But let’s just take the total cash position after this sale… that’s $56mln in cash based on last Q’s report which can be found here. That’s £35mln in cash. The market …

And it’s juicy. More analysis to follow. …………………………………. (“Serica” or the “Company”) Annual General Meeting Statement Status of Review of Indonesian Assets Submission of Columbus Field Development Plan London, 30 June 2011 – Serica Energy plc (AIM & TSX: SQZ) reports that the following announcements will be included in the statement to be made by …

Xcite Energy announces a placing via their seda agreement today and it comes with director participation which sends a clear message to shareholders. Xcite has been the horror story of 2011 if you look at the sp’s progress from 395p highs to lows of 104p. Quite astonishing really when you take into account that the …

Just a quick reminder for all those following Serica. The long awaited Strategy update and forward ops plans will be announced tomorrow and investors will be keen to see where the BoD’s see the future and whether they are getting closer to selling the SEA assets. Serica’s current sp is 23.5p. Note from AGM notice …