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$SQZ.L

4 stories mentioning SQZ.LUpdated 9d ago

Every FINWIRES story that references SQZ.L, newest first.

Equities

Serica Energy Concludes One-Dyas Assets Purchase

Serica Energy (SQZ.L) completed its acquisition of a 10% interest in the Catcher Field and a 5.21% stake in the Golden Eagle Area Development assets from One-Dyas.The oil and gas company said Thursday that it paid $6.8 million for the transaction, which will add a combined net 2P reserves of 3 million barrels of oil equivalent and 500,000 barrels of oil equivalent of 2C resources into its producing portfolio.Additionally, the company received $13 million as part of the transaction. It added that it will also get an additional payment of $8 million and 85,000 barrels of oil equivalent in the third quarter.

$SQZ.L
Equities

Serica Energy Unveils New Dividend Policy, Reaffirms FY26 Projections

Serica Energy (SQZ.L) on Tuesday unveiled a new dividend policy to target dividends of 15% to 30% of its post-tax cash flow from operations for 2026 and onward.The oil and gas company also maintained its outlook for 2026, including a production forecast of "significantly over" 40,000 barrels of oil equivalent per day.Serica still expects to shift to the London stock exchange's main market from the AIM segment in the third quarter.

$SQZ.L
Equities

Serica Energy Prices $300 Million Senior Notes

Serica Energy (SQZ.L) said Wednesday it placed $300 million of five-year senior unsecured bonds with a coupon of 7.875%, following strong investor demand across the Nordics, the UK, and other geographies.The oil and gas company noted that the offering was significantly oversubscribed, with settlement of the bond issue due on May 12. It plans to list the bonds on Euronext ABM in Oslo.The net proceeds will be used to fully repay drawn Reserve Based Lending debt and to boost liquidity.

$SQZ.L
Equities

Serica Energy Plans Investor Meetings for Potential Bond Issue

Serica Energy (SQZ.L) plans to hold fixed-income investor meetings ahead of a potential issue of a five-year senior unsecured bond.The oil and gas company will use the potential net proceeds to fully repay drawn debt under its reserve-based lending facility, it said Friday.Serica is scheduled to hold a capital markets day on June 2 to outline its capital allocation framework and organic growth plans.

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