Serica Energy plc (AIM: SQZ) has agreed a recommended acquisition of Pharos Energy plc (LON: PHAR) through a scheme of arrangement, valuing Pharos at £145.7 million.
Serica Energy plc (AIM: SQZ) has agreed a recommended acquisition of Pharos Energy plc (LON: PHAR) through a scheme of arrangement, valuing Pharos at £145.7 million.
Mitch Flegg, Chief Executive of Serica Energy commented: “We are naturally disappointed that the well has not encountered hydrocarbons.
Serica Energy plc (AIM: SQZ) announces that its wholly-owned subsidiary, Serica Energy (UK) Limited (“Serica UK”), and BP have received a conditional License and assurance from the U.S. Office