Serica Energy Plc announced 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 been 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 cash flows 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 associated cash proceeds of c. $8 million to be received in Q3.
