SERICA ENERGY PLC (SQZ) — Capital Markets Day

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to our Capital Markets Day, the first such event we've had since I joined SERICA roughly two years ago. It's great to see so many people made it in today, especially on a wet Tuesday with a tube strike. I've spoken to many of you individually, but it's great to have everyone together in one place. And thank you also to those who have been able to join online. Thanks to everyone who has submitted questions ahead of time. I hope that you will find that all of those will be answered during the presentation today. There has been a lot of change over the last two years, both to the portfolio and to our organization. I think we have an exciting vision of the future to share, and that is what we intend to do over the next ninety minutes or so. This is our usual disclaimer. I'll give you plenty of time to read that. There you go. And this is our agenda for the session today. As you can see, I'm joined by a number of my colleagues, and they'll be doing most of the talking, thankfully. After I've summarized our strategy and track record of delivering that strategy, Carlo Ruddell, our Chief Technical Officer, will run through our existing production assets, what I like to think of as the engine room of the business. The production from that engine room is set to generate material free cash flows going forward. Martin Copeland, our CFO, will then discuss what we plan to do with that cash and explain how we allocate capital to create optimal value for shareholders, balancing our allocation priorities between growth projects and direct shareholder returns. Fran Preston Bell, public and government affairs lead, will then explain the political environment in which we operate and why in all outcomes we have confidence in delivering value from our growth proj...