Serica is at an exciting stage in its development, as the Company becomes a leading mid-tier UK oil and gas company.
The revenue from our combined interests in the Erskine and Bruce, Keith and Rhum assets will put Serica in an excellent position to pursue additional partnerships, to further diversify our portfolio and deliver value for our shareholders.
In addition to our producing assets, we are the operator of the Columbus Development in the UK North Sea and partner in a number of UK exploration blocks granted in the 30th UK Licence Round.
This mix of exploration, development and production assets provide shareholders with exposure to potentially material upside. Furthermore, our global E&P experience enables us to manage our investment and expenditure to carefully spread risk and limit downside.