Located in the Southern Gas Basin of the UK North Sea, well 54/1b-6 was spudded on October 15th and drilling operations are scheduled to take about 30 days. Serica is the operator of the Block and has a 50% interest. Its partner Centrica Resources Limited also has a 50% interest and will be bearing the majority of the drilling costs under the terms of the farm-in agreement announced last week.
Later this month the Company will also drill the Columbus prospect in Block 23/16f, located in the Central North Sea. Serica has an interest of 50% in the Block.
Serica Energy plc is an international oil and gas exploration company with operations in Indonesia, the UK North Sea, Spain, Ireland and Vietnam. The Company's ordinary shares are listed in London on AIM and on the Canadian TSX Venture Exchange under the symbol "SQZ".
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