Serica Energy PLC Corporate Call Transcript

Oct 04, 2023 / 10:31AM GMT
Werner Riding - Peel Hunt LLP - Analyst

Hi, everybody. It's Werner Riding, and I'm here with Mitch flag, CEO of Serica Energy, who has kindly agreed to answer a few questions with us.

Mitch, hi. Thanks for agreeing to speak with us.

Mitch Flegg - Serica Energy plc - CEO and Executive Director

Morning, Werner. Thank you for the opportunity.

Questions and Answers:

Werner Riding - Peel Hunt LLP - Analyst

No problem. Okay. Well, should we just jump straight in? In your interim results, you chose to trim this year's production guidance range ever so slightly, with the midpoint coming down by I think it was about just 1,000 barrels of oil equivalent per day, yet the market sold off with the shares, I think they're now down about 10% or more.

I mean, I personally think that's a huge overreaction. And so, I thought I'd start by asking you what I'm missing, if anything? As the outlook in terms of forward work program remains busy. Oil and gas prices are robust.

Mitch Flegg -
Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot