Serica Energy agrees UK North Sea farm-out rig contracted to drill Chablis in October



    LONDON, Sept. 19 /CNW/ - Serica Energy plc (AIM & TSX-V: SQZ) ("Serica"
or "the Company") is pleased to announce an agreement with Hansa Hydrocarbons
Limited ("Hansa") for Hansa to farm-in to Serica's UK licences covering
Block 48/16b and Block 48/17d (the "Licences") in the Southern North Sea.
Completion is subject to the receipt of UK government consent.
    Serica currently has a 100% working interest in the Licences. Under the
terms of the farm-out agreement, Hansa will earn a 35% working interest in the
Licences in return for contributing on a promoted basis to the cost of a well
to appraise the Chablis prospect in Block 48/16b, scheduled to commence
drilling in mid October, 2008. Serica will remain as operator and retains the
remaining 65% working interest in the licence.
    To meet this drilling programme Serica announces that it has contracted
the Northern Offshore Energy Enhancer jack-up drilling rig to drill the well.
The well to be drilled will appraise the gas-bearing Permian Leman sandstone
reservoir encountered in well 48/16a-2 drilled in 2002 and will be located
approximately two kilometres to the east of the earlier well. The Leman
sandstone is the reservoir for the numerous producing gas fields adjacent to
the Licences. Further information on Serica's Chablis prospect can be found in
the most recent presentation posted on Serica's web-site at
www.serica-energy.com

    
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.

    To receive Company news releases via email, please contact
    sasha@chfir.com and specify "Serica press releases" in the subject
    line.
    

    %SEDAR: 00022686E




For further information:

For further information: Enquiries: Serica Energy plc - Paul Ellis,
Chief Executive Officer, paul.ellis@serica-energy.com, +44 (0)20 7487 7300;
Chris Hearne, Finance Director, chris.hearne@serica-energy.com, +44 (0)20 7487
7300; 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 - Sasha Abrams, sasha@chfir.com, (416) 868-1079

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