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SERICA TIMELINE OF KEY EVENTS

August 

Production in Erskine resumes after clearing pipeline blockage and summer maintenance programme.

March                

Production interruption in Erskine due to a pipeline blockage.

January 

Netherland, Sewell & Associates estimates remaining reserves for the Erskine Field at 1 January 2016 of 4.2 million boe net to Serica, an increase in excess of 50%.


December 

Production over 3,000 boe per day net to Serica over the second half of 2015 and annual profit for 2015 of US$6.5 million post-tax.

October                

Agreement for BG and SSE to transfer their interests in UK North Sea Block 23/21a containing the Columbus Field to the 23/16f owners.

JUNE 

Completion of Acquisition of 18% Interest in North Sea Erskine Field.


AUGUST 

Farm-out completed with Centrica for Blocks 113/26b and 27/c, East Irish Sea.

JULY                

Drilling commences in Sidi Moussa licence, offshore Morocco.

JUNE 

Acquisition of interest in Erskine Field, Central North Sea, from BP


DECEMBER 

UK 27th Licensing Round Award, Block 113/27c, East Irish Sea.

OCTOBER

Successful Placing and Open Offer raising $19.5 million.

JUNE

Centrica farm-in to East Irish Sea Blocks 113/26b and 27c.

March

Commencement of tender process for Columbus Field development project.


OCTOBER

Drilling commences on Spaniards prospect Central North Sea.

3D seismic survey completed, offshore Namibia.

SEPTEMBER

JX Nippon farm-in to Central North Sea Block 22/19c.

AUGUST

Genel Energy farm-in to Sidi Moussa, Morocco.

MAY

3D seismic survey commences offshore Namibia.

MARCH

BP farm-in to Luderitz Basin Licence, offshore Namibia.

January

UK 26th Licensing Round Award, Block110/8b, East Irish Sea and Blocks 47/2b, 47/3g, 47/7 and 47/8d, Southern North Sea.


NOVEMBER

Award of exploration interests offshore Namibia.

OCTOBER

Sale of exploration interests in Indonesia.

Award of Licence in Rockall Basin, offshore Ireland.

June

Serica increases its working interest in amalgamated Licences P218 and P1655.


November

Commencement of TSX listing.

October

UK 26th Round Licensing Award, Blocks 210/19a and 20a, Northern North Sea.

Exploration drilling, Marindan-1 exploration well, Kutai, offshore Indonesia.

September

Exploration drilling, Dambus-1 exploration well, Kutai, offshore Indonesia.

August

Drilling, Oates prospect, Central North Sea.

May

Commencement of drilling, Conan prospect, East Irish Sea. 

January

Serica completes sale of assets in South East Asia to Kris Energy.

Farm-out of East Irish Sea Conan prospect to Agora (subsidiary of Cairn Energy).


December

$99 million sale of assets in South East Asia.

August

First gas from Kambuna field, Indonesia.

July

Serica awarded frontier exploration licence in Rockall Basin, offshore Ireland.

June

Drilling offshore Vietnam. 

Awarded exploration permit, offshore Morocco.

Bandon Well drilled West of Ireland.


November

UK 25th Licensing Round Award of  Block 15/21e Central North Sea, 48/16a Southern North Sea and 110/2d East Irish Sea.

July

$53 million asset sale in Indonesia.

June

Sale of interests in Norway.

Kambuna Well capacity, 114 mmscfd.

April

Kambuna field development wells completed.

January

Kambuna gas sales agreement in place.    


November

Successful appraisal wells drilled in Columbus Field.

January

Entry into Norway, award of two offshore licences.   


November

Tested gas wells in UK North Sea, Oak and Columbus.

June

Lematang interest in Indonesia sold for $5 million.  


December

Flotation on AIM.

October

Gas discovery, Togar-1a well, Asahan PSC, offshore Indonesia. 

September

Kambuna appraisal drilling.

UK 23rd Licensing Round Award of Block 23/16f and 14/15, Central North Sea.

May

2D seismic program, Biliton, offshore Indonesia.


August

Successful Private Placement and Acquisition of Firstearl Limited.

March

Successful well testing, Lematang PSC, offshore Indonesia.

January

Merger of Kyrgoil and Petroleum Development Associates to form Serica Energy.