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Serica Energy PLC - London-based, UK North Sea-focused oil and gas producer - Completes its purchase from ONE-Dyas of a 10% interest in the Catcher Field and a 5.21% interest in the Golden Eagle Area Development. Says it has settled the $6.8 million consideration and received a $13.0 million payment, reflecting interim post-tax cashflows since January 1, 2024. Serica adds that it will receive around 85,000 barrels of oil equivalent in respect of an underlift position, and receive the roughly $8 million associated cash proceeds in the third quarter. Says the acquisition further diversifies its producing portfolio, which has current net production of around 2,500 boe per day, and adds combined net 2P reserves of 3.0 mmboe and 2C resources of 0.5 mmboe as at December 31. Serica announced the planned purchase on September 30, as part of a sale & purchase agreement to acquire Prax Upstream Ltd, which as well as owning the Lancaster field was party to executed SPAs with TotalEnergies and ONE-Dyas. This meant the acquisition, as well as 100% of the Lancaster field, comprises the Catcher and GEAD interests as well as a 40% operated interest in the Greater Laggan Area. The assets are located in the UK North Sea. Current stock price: 275.60 pence, up 1.8% on Thursday in London 12-month change: up 70% Copyright 2026 Alliance News Ltd. All Rights Reserved.
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