Completion of acquisition of assets from ONE-Dyas
Serica completes acquisition of 10% Catcher Field stake and 5.21% GEAD interest from ONE-Dyas.
- Net production around 2,500 boepd
- Combined net 2P reserves 3.0 mmboe
- 2C resources 0.5 mmboe
- Consideration paid $6.75 million
- Cash payment received $13.0 million
- Expected underlift proceeds c.$8 million
Select text to share a quote on X · sign in to keep highlights & notes in your SQZ notes
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.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.