Serica Taps Ensco 80 to Drill in UK Irish Sea

Serica has secured the use of the Ensco 80 jackup drilling rig for an exploration well on the Conan prospect in UK East Irish Sea Blocks 113/26b and 113/27c. Mobilization of the drilling rig to the East Irish Sea is expected to commence in April 2010.

The rig has been contracted through AGR Peak Well Management Limited and the expected duration of the well is 24 days excluding mobilization and demobilization.

Serica is the operator of Blocks 113/26b and 113/27c and holds a 65% interest. Its partner, Agora Oil & Gas (UK) AS holds the remaining 35% interest, subject to completion of the farm-out agreement announced on January 20, 2010.

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