Serica Energy (GB:SQZ) has released an update.
Serica Energy plc, a prominent British oil and gas operator, announced steady production with an average net yield of 43,781 barrels of oil equivalent per day (boe/d), maintaining their annual guidance. Financially, the company holds £301.6 million in cash after significant tax payments and investments, projecting a £200 million capital expenditure for 2024. Amidst operational updates, Serica’s leadership is eyeing opportunities for growth beyond the UK due to mounting tax pressures within the country.
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