Operator
Good morning, and welcome to the Serica Energy plc investor presentation. [Operator Instructions]. Before we begin, I’d like to submit the following poll.
I’d now like to hand you over to CEO, Chris Cox. Good morning to you sir.
Christopher Cox
CEO & Director
Good morning, and welcome. I’m Chris Cox, CEO of Serica Energy, and I’m joined, as usual, by Martin Copeland, our CFO; and Andrew Benbow, our Group Investor Relations Manager. We’re here today to discuss the transaction with Prax Upstream, which we announced this morning.
Before we get started, I’d just like to offer a quick update on progress on Triton because I know there’s a lot of interest in that. Two weeks ago today, we said that we expected the A compressor running in about a week. That’s exactly what happened. So the compressor started up a week ago today as anticipated, and the B compressor should also be available to us soon. So I know people are questioning what’s going on with Triton. I just wanted to get that out of the way. That’s the last time I will mention Triton on this call today.
Not planning on taking any questions on it either. This is really about the transaction we just announced. So we have a fairly short presentation to try and explain what was in the release we put out. As already mentioned, you can submit questions as we go, and we will get through as many of those questions as we can at the end. So moving on to the first slide here. The deal we’ve announced today, we think, is positive for a number of reasons. It increases our reserves. It diversifies our portfolio. It enhances near-term cash flow at
#Serica #Energy #plc #Special #Call