SOURCE: Serica Energy plc

November 14, 2012 02:00 ET

Serica Energy plc Announces Q3 2012 Results

LONDON--(Marketwire - Nov 14, 2012) -






TSX:SQZ

Serica Energy plc
("Serica" or the "Company")

Q3 2012 Results

London, 14 November 2012 - Serica Energy plc (TSX & AIM: SQZ) announces
its financial results for the three and nine months ending 30 September
2012. The results and associated Management Discussion and Analysis are
included below and copies are available at  www.serica-energy.com  and
 www.sedar.com .

Highlights:

Serica has continued to make good progress in developing its portfolio
during the third quarter and subsequent period to date:

The Company:

o reached agreement to farm-out its interests in the Moroccan offshore
  blocks Foum Draa and Sidi Moussa to Cairn Energy and Genel Energy
  respectively, with potential for drilling in 2013

o completed the largest single continuous offshore 3D seismic survey
  in Namibia with excellent quality results, processing of data is now
  underway

o received DECC notice that it is content with Columbus Development
  Plan and that, subject to certain standard conditions, the Secretary
  of State is minded to issue consent to the plan

o completed the farm-out of its 100% interest in UK North Sea Block
  22/19c to JX Nippon

o commenced the farm out process for its blocks in the Irish Rockall
  Basin containing the large Muckish prospect

o ended the quarter with no debt and US$25.1 million unrestricted
  cash balance


Enquiries:


Serica Energy plc

Tony          tony.cravenwalker@serica-energy.com   +44 (0)20 7487 7300
Craven Walker,
Chairman

Peter         peter.sadler@serica-energy.com        +44 (0)20 7487 7300
Sadler,
Business
Development
Director

Chris         chris.hearne@serica-energy.com        +44 (0)20 7487 7300
Hearne,
CFO


J.P.Morgan Cazenove

Michael       michael.wentworthstanley@jpmorgancazenove.com 
Wentworth                                          +44 (0)20 7588 2828
Stanley


RBC Capital Markets

Matthew        matthew.coakes@rbccm.com              +44 (0)20 7653 4871
Coakes


College Hill

Matthew        matthew.tyler@collegehill.com         +44 (0)20 7457 2020
Tyler

Catherine      catherine.wickman@collegehill.com     +44 (0)20 7457 2020
Wickman

Alexandra      alexandra.roper@collegehill.com       +44 (0)20 7457 2020
Roper

Click on, or paste the following link into your web browser, to view
the associated PDF document:

 http://www.rns-pdf.londonstockexchange.com/rns/0495R_1-2012-11-13.pdf 






                    This information is provided by RNS
          The company news service from the London Stock Exchange

END

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