TIDMSQZ

RNS Number : 5095A

Serica Energy PLC

23 January 2024

Serica Energy plc

("Serica" or the "Company")

Completion of New US$525 million 6-year Borrowing Facility

London, 23 January 2024 - further to its announcement on 18 December 2023, Serica Energy plc (AIM: SQZ) is pleased to announce the completion of its new reserves-based lending ("RBL") facility following satisfaction of the conditions precedent.

Enquiries:

 
                                              +44 (0)20 7390 
 Serica Energy plc                             0230 
 Mitch Flegg (CEO) / Andy Bell (CFO) 
  / Stephen Lambert (VP Legal and External 
  Relations) 
 
                                              +44 (0)20 7418 
 Peel Hunt (Nomad & Joint Broker)              8900 
 Richard Crichton / David McKeown / 
  Georgia Langoulant 
 
                                              +44 (0)20 7029 
 Jefferies (Joint Broker)                      8000 
 Sam Barnett / Will Soutar 
 
                                              +44 (0)20 7390 
 Vigo Consulting (PR Advisor)                  0230 
 Patrick d'Ancona / Finlay Thomson            serica@vigoconsulting.com

NOTES TO EDITORS

Serica Energy is a British independent oil and gas exploration and production company with a portfolio of UKCS assets.

Serica has a balance of gas and oil production. The Company is responsible for about 5% of the natural gas produced in the UK, a key element in the UK's energy transition.

Serica's producing assets are focused around two main hubs: the Bruce, Keith and Rhum fields in the UK Northern North Sea, which it operates, and a mix of operated and non-operated fields tied back to the Triton FPSO. Serica also has operated interests in the producing Columbus (UK Central North Sea) and Orlando (UK Northern North Sea) fields and a non-operated interest in the producing Erskine field in the UK Central North Sea.

Serica's portfolio of assets includes several organic investment opportunities which are currently being pursued or are under consideration.

Further information on the Company can be found at www.serica-energy.com . The Company's shares are traded on the AIM market of the London Stock Exchange under the ticker SQZ and the Company is a designated foreign issuer on the TSX. To receive Company news releases via email, please subscribe via the Company website.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

UPDBTMFTMTBTBAI

(END) Dow Jones Newswires

January 23, 2024 02:00 ET (07:00 GMT)

Serica Energy (AQSE:SQZ.GB)
Historical Stock Chart
Von Nov 2024 bis Dez 2024 Click Here for more Serica Energy Charts.
Serica Energy (AQSE:SQZ.GB)
Historical Stock Chart
Von Dez 2023 bis Dez 2024 Click Here for more Serica Energy Charts.