Serica has an interest in the Sidi Moussa licence, offshore Tarfaya Basin in the Central Atlantic Margin.     A deep-water exploration well was drilled in the Licence in 2014 and recovered 26 API oil to surface during drilling operations.  The operator of the licence has identified a follow on prospect and is considering a second well.  Serica has elected not to participate in this well, but has the option to buy back in on agreed terms and will have access to all well data.

Block(s) Description Role Interest Location Field/Prospect
Sidi Moussa Exploration Partner 5% Offshore Morocco Multi prospect