Serica Energy (GB:SQZ) has released an update.
Serica Energy PLC, a UK North Sea oil and gas company, reported robust financial results for 2023 with a total dividend increase to 23p per share, despite lower sales prices. The company also initiated a £15 million share buyback, demonstrating confidence in its long-term asset value. Serica’s acquisition of Tailwind Energy Investments Ltd in March 2023 significantly enhanced its portfolio, contributing to increased production and reserves.
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