Serica is an international exploration and production company with two areas of focus; the first being the UK offshore sector, and the second being a portfolio of high-impact exploration assets located in the Atlantic margins.
In the UK offshore, Serica has a strong, gas orientated portfolio which provides a very good platform from which to grow. We continue to seek a commercial solution for Columbus, and we have acquired BP's 18% interest in the Erskine field which gives us production and a valuable income stream.
Overseas, we have an exploration based portfolio containing a number of well defined, high impact and ready to drill prospects and are looking to secure farm-in partners. As a result of the financing which we successfully completed in autumn 2013, we have the funds necessary for ongoing operations.
We are technically skilled having drilled some 17 wells as operator in places as diverse as the North Sea, Indonesia and the Atlantic Ocean off Ireland and we operated one of the largest 3D seismic surveys undertaken offshore Namibia.
We have all the attributes to grow both in the UK and our non-UK portfolios, and our strategy is to seek to do this through our contacts in the industry, through acquisition and through being a leading player in the consolidation which we expect to see in the industry.