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Press Releases
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Serica Energy announces grant of options
29 December 2004
Serica Energy Corporation (TSX Venture: SQZ) today announced that it has granted incentive stock options primarily to new or proposed members of the management team to purchase up to 1,045,000 common shares at an exercise price of Cdn$1.00 per share expiring five years from the date of grant.
Serica Energy Announces Banteng No. 1 Well Results; Awarding of Five New North Sea Exploration Blocks; Final Exchange Approval on Financing
22 September 2004
Serica Energy Corporation (TSX Venture: SQZ) today announced that the Banteng No. 1 exploration well, drilled to a measured depth of 11,418 feet, was terminated in basement rock recently, but the target Baturaja limestone formation was not encountered.
Serica Energy announces grant of options to Directors
31 August 2004
Serica Energy Corporation (TSX Venture: SQZ) today announced that it has granted incentive stock options to issue an aggregate of up to 700,000 Serica shares to the six members of the Company's Board of Directors at an exercise price of $1.11.
Serica Energy Corporation completes $11 million private placement; Acquires Firstearl Limited; Appoints new Chairman Tony Craven Walker
06 August 2004
Serica Energy Corporation (TSX Venture: SQZ) today announced that it has completed a private placement of 13,750,000 Special Warrants at a price of C$0.80 per Special Warrant for gross subscription proceeds of C$11 million. Each Special Warrant is convertible, for no additional consideration, into one Common Share and one-half of one Common Share Purchase Warrant of the Corporation. Each whole Purchase Warrant entitles the holder to purchase one additional Common Share within two years of the closing date of the private placement, at a price of C$1.20 per share.
Serica Energy Corp. announces changes to Board of Directors
02 July 2004
Two new appointments to the Board are non-executive directors, Ken Pearce and Jim Steel. Mr Pearce is an expert in public company and commercial law and a senior partner with Blake Cassels and Graydon LLP, a leading Toronto law firm. Mr Steel brings to the Company many years of Calgary-based oil and gas industry experience.
Serica Energy Corp. announces $7.5 to $11 million private placement; Acquisition of Firstearl Limited
30 June 2004
Serica Energy Corporation (TSX Venture: SQZ) today announced that it has signed an agreement with Canaccord Capital Corporation for a private placement of Special Warrants at a price of C$0.80 per Special Warrant for gross subscription proceeds of a minimum C$7,500,000 to a maximum of C$11,000,000, which includes a 10% over-allotment option granted to Canaccord and exercisable prior to the closing of the private placement.
Serica Energy announces spud of Banteng No. 1 well in Indonesia
28 June 2004
Serica Energy Corporation (TSX Venture: SQZ) today announced the Banteng No. 1 exploration well has been spudded.
Serica Energy Increases Stake In Indonesian Gas Discoveries; Appraisal Drilling Planned For Fourth Quarter
29 April 2004
Serica Energy Corporation (TSX Venture: SQZ) recently completed a series of agreements with owners of Asahan Production Sharing Contract (PSC) increasing Serica`s ownership from 20% to 58.8235%. The agreements also cover the adjoining Glagah-Kambuna block where Serica currently holds a 20% working interest and which is the subject of negotiations with the Indonesian authorities to extend the current contract.
Serica Energy Corp. Appoints Cavalcanti Hume Funfer As Investor Relations Counsel
26 April 2004
Serica Energy Corporation (TSX Venture: SQZ) today announced that it has selected Cavalcanti Hume Funfer Inc. (CHF), formerly Hume, Kieran Inc. of Toronto and Calgary, as the Company's Investor Relations counsel. The Investor Relations program will focus on shareholder communications, market maintenance and building Serica an active following of investment specialists in Canada.
Serica Announces Successful Singa 2 Gas Well Test
03 March 2004
Serica Energy Inc. (SQZ - TSXV) announces the Singa 2 well tested gas at a rate of 12.5MMCF per day. The well is located in the Lematang PSC, South Sumatra operated by PT Exspan Lematang. Serica holds a 10% interest in the concession.
Serica Awarded Biliton PSC, Indonesia, Completes 2D Seismic
25 February 2004
Serica Energy Corporation (SQZ - TSXV) has recently acquired a 90% operating interest in the offshore Biliton PSC, Java Sea, Indonesia covering an area of approximately 6575km², lying 350 kilometres northwest of the island of Java. Average water depth is approximately 30-40 metres
Serica Energy Corporation Announces Listing on TSX Venture Exchange
18 February 2004
Serica Energy Corporation ('Serica') (TSXV-VEN:SQZ), formed on the previously announced merger of Kyrgoil Holding Corporation ('Kyrgoil') (TSX: 'KGO') and Petroleum Development Associates (Oil and Gas) Limited ('PDA'), announces that it has received final acceptance of the listing of its common shares on Tier 2 of the TSX Venture Exchange. Effective at the close of trading on February 18, 2004, Kyrgoil`s common shares will be suspended from trading on the Toronto Stock Exchange and effective at the opening of trading on February 19, 2004, Serica`s common shares will commence trading on the TSX Venture Exchange under the symbol 'SQZ'. The number of Serica common shares outstanding is 43,198,557 (56,185,065 on a fully diluted basis).
Kyrgoil Holding Corporation and Petroleum Development Associates to complete Merger
29 January 2004
Toronto, Canada, - Kyrgoil Holding Corporation ('Kyrgoil') (TSX: 'KGO') and Petroleum Development Associates (Oil and Gas) Limited ('PDA') announce that all conditions precedent to completing the previously announced merger of the two companies have been satisfied and that the merger will be completed effective January 30, 2004.
Merger of Kyrgoil Holding Corporation and Petroleum Development Associates Approved by Shareholders of Kyrgoil
05 January 2004
Toronto, Canada, - Kyrgoil Holding Corporation ('Kyrgoil') (TSX: 'KGO') announced today that the shareholders of Kyrgoil and Petroleum Development Associates (Oil & Gas) Limited ('PDA') have approved the previously announced proposed merger between Kyrgoil and PDA. PDA is engaged in oil and natural gas exploration and production in Indonesia, Spain and the United Kingdom.
