Independent producer Serica Energy is moving to the Main Market of the London Stock Exchange later this year, chairman David Latin said in a trading statement May 22. “It has been 20 years since we first listed and we are now making clear our intention to move up from AIM this year,” he said at the company’s annual general meeting. The move will broaden its access to investors, he said.
Addressing the trading environment, he said that the government had not responded to the consultation about environmental guidance that closed in early January and that licensing and the future tax price mechanism were also uncertain. “It is so very frustrating to see the UK North Sea industry becoming embroiled in a wrongly polarised discussion about Net Zero. The reality is the UK needs oil and gas and renewables,” he said.
Serica said it is progressing plans to convert material 2C resources at its Kyle and Bruce fields into reserves, “should the appropriate fiscal and regulatory environment allow.”
See Serica press releases here
Share this article
