REG - Serica Energy PLC - Completion of acquisition of assets from ONE-Dyas

Serica EnergyAnnouncement

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RNS Number : 8321H  Serica Energy PLC  11 June 2026

 

11 June 2026

 

Serica Energy Plc.
('Serica' or 'the Company')

 

Completion of acquisition of assets from ONE-Dyas

 

Further to its announcement on 30 September 2025, Serica Energy Plc (AIM:
SQZ) is pleased to announce that the acquisition from ONE-Dyas of a 10%
interest in the Catcher Field and a 5.21% interest in the Golden Eagle Area
Development ('GEAD'), has now completed.

 

The acquisition further diversifies Serica's producing portfolio, with current
net production of around 2,500 boepd, and adds combined net 2P reserves of 3.0
mmboe and 2C resources of 0.5 mmboe as at 31 December 2025.

 

Serica has settled the consideration of $6.75 million, and has received a
payment of $13.0 million, reflecting interim post-tax cashflows between the
Economic Date of 1 January 2024 and the date of completion. In addition,
Serica will receive around 85,000 barrels of oil equivalent in respect of an
underlift position, with the associated cash proceeds of c.$8 million to be
received in Q3.

 

-end-

 

Contacts:

 Serica Energy plc                                                   +44 (0)20 7487 7300
 Martin Copeland (CFO) / Andrew Benbow (Head of Investor Relations)

 Peel Hunt (Nomad & Joint Broker)                                    +44 (0)20 7418 8900
 Richard Crichton / David McKeown / Emily Bhasin

 Jefferies (Joint Broker)                                            +44 (0)20 7029 8000
 Sam Barnett / Cameron Jones

 Vigo Consulting (PR Advisor)                                        +44 (0)20 7390 0230
 Patrick d'Ancona                                                    serica@vigoconsulting.com

 

Notes to Editors

Serica Energy is an independent British oil and gas company with a broad
portfolio of assets located in the UK Continental Shelf (UKCS). The Company
operates assets that deliver around 10% of the UK's gas production, a key
component of the UK energy system, and has invested over £1 billion in the UK
supply chain since 2020. Serica maintains a broadly balanced output of oil and
gas across its operations.

 

The Company's key producing assets are currently grouped around two major
hubs: the Bruce, Keith, and Rhum fields in the Northern North Sea, where
Serica is the operator; and a mix of operated and non-operated fields
connected to the Triton FPSO in the Central North Sea. The Company also holds
a notable position West of Shetland, including a 40% operated stake in the
Greater Laggan Area offshore fields and associated Shetland Gas Plant.

 

Serica also intends to complete the acquisition of a package of operated and
non-operated assets from Spirit Energy in Q3 2026, including a 15% stake in
the Cygnus field and 25% in Clipper South as well as the operated Greater
Markham Area.

 

Serica aims to create shareholder value through a mix of production from
existing oil and gas fields, organic investment and M&A.

 

Serica's shares trade on the AIM market of the London Stock Exchange (ticker:
SQZ), and the Company has announced its intention to move its listing to the
Main Market of the LSE in 2026. More information about Serica is available on
the Company's website (www.serica-energy.com (http://www.serica-energy.com) ).
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