Company Information for Serica Energy plc

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Company Statement

Serica Energy plc is an international oil & gas exploration and production company with activities focussed on Western Europe and South East Asia. Serica has operations in the UK North Sea, Ireland, Spain and Indonesia .It has built a portfolio of exploration, appraisal and development projects, striking a balance between established hydrocarbon-producing basins where the chances of success are high, and untested basins where success is less certain but the rewards of success are more significant.

Operations and Technology

United Kingdom and Ireland Overview

United Kingdom
Serica has been actively involved in exploration in the UK since 2001 and holds licenses in the Central North Sea, the Southern North Sea and the East Irish Sea. To date, Serica has participated in the drilling of six wells offshore UK; three were gas discoveries and three were successful appraisal wells. Of these discoveries, a development plan has been submitted for the Columbus field and further appraisal of the Chablis discovery is currently being reviewed.

In addition to its discoveries under appraisal, Serica has a portfolio of prospective exploration acreage in the North Sea and East Irish Sea and plans to drill further exploration wells in these areas. Any potential finds will be economically attractive as the prospects lie in conventional water depths and within easy reach of existing infrastructure.

Ireland
In August 2006 Serica was awarded offshore exploration licence 01/06, covering three blocks in the Slyne Basin off the west coast of Ireland. The license is covered by modern 3D seismic data and is on trend with the Corrib gas field, currently being developed by Shell.

Serica has identified four prospects within the license. The Bandon prospect was drilled in June 2009 and announced as an oil discovery Bandon – the first discovery of mobile oil west of Ireland in nearly 30 years.

In July 2009 Serica was awarded offshore Frontier Exploration Licence 1/09 covering six blocks in the Rockall Basin off the north-west coast of Ireland. The licence is covered by modern 3D seismic and is immediately north of the Dooish gas-condensate discovery.

Spain Overview

Serica obtained its Spanish exploration permits in 2003. They are located onshore in north-eastern Spain, in the foothills of the Pyrenees Mountains. Serica identified this area as having a working petroleum system, demonstrated by the presence of reservoir and seal rocks in outcrop, gas seeps at surface and gas shows in many of the wells drilled in the area. In January 2008 Serica acquired a new 2D seismic survey, the results of which have led to several prospects being identified. A farminee is being sought.

South East Asia Overview

Indonesia
Serica began exploration in Indonesia In 2002 and secured controlling positions in all of its properties, which are managed from the Company’s Jakarta office. The most important project in Serica’s current portfolio is the development of the Kambuna field in the Glagah-Kambuna TAC, which started production in August 2009. Serica operates the Kutai PSC and is carrying out an onshore 2D seismic survey, with drilling planned in 2010. The Company was recently awarded the East Seruway PSC, adjacent to the Glagah-Kambuna TAC.

Morocco
In June 2009, the Company was awarded a 25 per cent interest in the Foum Draa and Sidi Moussa exploration licences offshore Morocco.

These underexplored licences cover a combined area of approximately 12,700 square kilometres in the Atlantic margin, in water depths ranging from zero to 2000 metres and are geologically analogous to the salt basins in some of the prolific offshore petroleum provinces of West Africa. The agreements are valid for up to 8 years.

Geographical Spread

UK North Sea, Ireland, Spain and Indonesia

Board of Directors and Key Management

Antony Craven Walker	Non-Executive Chairman
Paul Ellis	Chief Executive Officer
Christopher Hearne	Finance Director
Peter Sadler	Chief Operating Officer
Neil Pike	Non-Executive Director
Steven Theede	Non-Executive Director
Ian Vann	Non-Executive Director
Jonathan Cartwright	Non-Executive Director
Jan Davies	Company Secretary

Company Address

87-89 Baker Street
London, United Kingdom W1U 6RJ


Telephone:	+44 (0) 20 7487 7300
Email:	info[at]serica-energy.comm
Website:	http://www.serica-energy.com

Additional Address/Key Contact

Singapore
15 Scotts Road
#09-12/13 Thong Teck
Singapore 228218

Tel: +65 67 323 389
Fax: +65 67 327 209

Indonesia
Plaza Aminta
Suite 302-3rd Floor
JI. Let. Jend. TB Simatupang Kav.10
Pondok Pinang
Jakarta 12310

Annual General Meeting

25 June 2009

Year End

31 December

Nominated Brokers

UK Broker
JP Morgan Cazenove
20 Moorgate
London EC2R 6DA

Canadian Broker
Tristone Capital
2020, 335-8th Avenue SW
Calgary, Alberta, Canada

Nominated Advisors

JP Morgan Cazenove
20 Moorgate
London EC2R 6DA

Major Shareholders

Shareholder	Number of shares	Percentage holding
Canada Control Account	37,432,444	21.2 per
Caledonia Investments	25,501,736	14.4 per cent
Fidelity International	18,700,689	10.6per cent
AXA Financial	10,226,501	5.8 per cent
Black Rock Inc	9,00,00	5.2 per cent
Axakos	8,468,654	4.8 per cent
JP Morgan Asset Management	7,291,271	4.1 per cent
Mr A Craven Walker	5,704,473	3.2 per cent

Most Recent Statement

25/06/10 - AGM Statement
15/06/10 - Operational Update on Columbus
28/05/10 - 1st Quarter Results
11/05/10 - Commencement of drilling
23/04/10 - Operations Update
16/03/10 - 2009 Annual Report

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