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Serica Energy Reports Steady Production and Strong Finances
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Serica Energy Reports Steady Production and Strong Finances

Serica Energy (GB:SQZ) has released an update.

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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.

For further insights into GB:SQZ stock, check out TipRanks’ Stock Analysis page.

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