Serica Energy plc
21 November 2007
Serica Energy plc
('Serica' or the 'Company')
SERICA INDONESIAN OPERATIONS UPDATE
London, 21 November 2007 - Serica Energy plc (AIM & TSX-V: SQZ) is pleased to
announce that the Global Santa Fe 136 jack-up drilling rig has completed its
current operations and is now being prepared for mobilisation to Serica's
Biliton PSC in the Java Sea, Indonesia, where it will drill two exploration
wells.
It is expected that the first well, the Batara Ismaya North #1, will be spudded
at the start of December 2007 and, later that month, the rig will spud the
second Biliton well, Batara Indra North #1. Serica has a 45% interest in the
Biliton PSC and is the operator. The majority of Serica's costs for these two
wells are being carried by a farminee.
Enquiries:
Serica Energy plc
Paul Ellis, paul.ellis@serica-energy.com +44 (0)20 7487 7300
Chief Executive Officer
Chris Hearne, chris.hearne@serica-energy.com +44 (0)20 7487 7300
Finance Director
JPMorgan Cazenove
Steve Baldwin steve.baldwin@jpmorgancazenove.com +44 (0)20 7588 2828
Tristone Capital Limited
Majid Shafiq mshafiq@tristonecapital.com +44 (0)20 7355 5872
Pelham Public Relations -UK
James Henderson james.henderson@pelhampr.com +44 (0)20 7743 6673
Alisdair Haythornthwaite alisdair.haythornthwaite@pelhampr.com +44 (0)20 7743 6676
CHF - Canada
Sarah Gingerich sarah@chfir.com +1 416 868 1079
The TSX Venture Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release.
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