10:10 AM EST - Serica Energy plc : announced its financial results for the three months ending June 30. Cost of sales were driven by production from the Kambuna field and totaled $4.9 million U.S. in Q2 2012 (Q2 2011: $5.5 million U.S.). The charge comprised direct operating costs of $2.0 million U.S. (Q2 2011 $1.5 million U.S.), non cash depletion of $3.0 million U.S. (Q2 2011 $3.8 million U.S.) offset by an increase in condensate inventory of $0.1 million U.S. (Q2 2011 $0.2 million U.S. decrease). The Company generated a loss before tax from continuing operations of $2.4 million U.S. for Q2 2012 compared to a loss before tax of $1.5 million U.S. for Q2 2011. Serica Energy plc
shares T.SQZ are trading unchanged at $0.38.
