Serica acquires more interests in Catcher Field, Golden Eagle

(Sharecast News) - Serica Energy said on Thursday that it had completed the acquisition of additional interests in the Catcher Field and Golden Eagle Area Development from ONE-Dyas, further diversifying its producing portfolio. The AIM-traded oil and gas company said the deal, first announced on 30 September 2025, comprised a 10% interest in the Catcher Field and a 5.21% interest in the Golden Eagle Area Development.

Serica said the acquired assets currently added net production of around 2,500 barrels of oil equivalent per day.

The assets also added combined net 2P reserves of 3.0 million barrels of oil equivalent and 2C resources of 0.5 million barrels of oil equivalent as at 31 December 2025.

Serica said it had settled consideration of $6.75m and received a payment of $13.0m, reflecting interim post-tax cash flows between the economic date of 1 January 2024 and completion.]

The company said it would also receive around 85,000 barrels of oil equivalent in respect of an underlift position, with associated cash proceeds of about $8m expected in the third quarter.

At 1128 BST, shares in Serica Energy were up 1.77% at 275.6p.

Reporting by Josh White for Sharecast.com.

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