Table of Contents Table of Contents 2 List of Tables 3 List of Figures 4 Company Snapshot 6 Key Information 6 Serica Energy plc, Valuation and Financial Data, 2011-2015 7 Serica Energy plc, Share Price Performance, 2011-2015 7 Share Price Performance, 2011-2015 7 Key Valuation Metrics, 2011-2015 8 Serica Energy plc, Production and Reserves Trends 9 Total Oil and Gas, Reserves and Production 9 Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 9 Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 10 Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 12 Crude Oil/Liquids Production and Reserve 13 Crude Oil/Liquids Production and Reserve Trend, 2011-2015 13 Crude Oil Production and Reserves By Country/Region, 2011-2015 14 Crude Oil/Liquids Reserve Changes, 2011-2015 16 Natural Gas Production and Reserve 17 Natural Gas Production and Reserve Trend, 2011-2015 17 Natural Gas Production and Reserves, By Country/Region, 2011-2015 18 Natural Gas Reserve Changes, 2011-2015 20 Total Crude Oil and Natural Gas Reserves Life Index 21 Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 21 Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 22 Serica Energy plc, E&P Costs Trends 24 Allocation of the Upstream Capital Expenditure 24 Upstream Capital Expenditure, 2011-2015 24 Exploration and Development Costs, By Country/Region, 2011-2015 25 Oil and Gas Cost Per boe, US$/boe 27 Oil and Gas Cost Per boe, US$/boe, 2011-2015 27 Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 28 Serica Energy plc, Reserve Replacement Ratio 30 Oil and Gas Production Replacement Ratio 30 Oil and Gas Production Replacement Ratio, 2011-2015 30 Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 32 Serica Energy plc, Results of Oil & Gas Operations Trend 36 Oil and Gas Revenue and Expenses 36 Oil and Gas Revenue and Expenses, 2011-2015 36 Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 37 Oil and Gas Revenue and Expenses, Per boe 41 Oil and Gas Revenue and Expenses, By boe, 2011-2015 41 Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 42 Oil and Gas Performance Metrics 45 Recent Developments 46 Serica Energy plc - Recent Developments 46 Sep 30, 2016: Serica Energy Announces Interim Results 46 Sep 06, 2016: Serica Energy Erskine Operational Update 59 Aug 23, 2016: Serica Energy Provides Erskine Operational Update 60 Jul 29, 2016: Serica Energy: Recommencement Of Production From Erskine 60 Apr 19, 2016: Serica Energy Announces Results For The Year Ended 31 December 2015 61 Mar 17, 2016: Serica Energy Announces Erskine Operations Update 71 Dec 14, 2015: Serica Energy Announces Operations Update 72 Sep 30, 2015: Serica Energy: Interim Results 2015 75 Jun 01, 2015: Serica Energy Announces Results For The Year Ended 31 December 2014 82 Appendix 98 Methodology 98 Coverage 98 Secondary Research 98 Primary Research 98 Data Information Sources 99 Company Source 99 SEC/Other Regulatory Filings 99 Other Sources 99 Expert Panel Validation 99 Data Definition 99 Oil and Gas Reserves 99 Units of Measure 100 About GlobalData 100 Disclosure 100 Disclaimer 100

List of Tables Table 1: Serica Energy plc, Key Facts 6 Table 2: Serica Energy plc, Share Price Performance, 2011-2015 7 Table 3: Serica Energy plc, Key Valuation Metrics, 2011-2015 8 Table 4: Serica Energy plc, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 9 Table 5: Serica Energy plc, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 11 Table 6: Serica Energy plc, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 12 Table 7: Serica Energy plc, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 13 Table 8: Serica Energy plc, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 15 Table 9: Serica Energy plc, Crude Oil Reserve Changes, mmbbl, 2011-2015 16 Table 10: Serica Energy plc, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 17 Table 11: Serica Energy plc, Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 19 Table 12: Serica Energy plc, Natural Gas Reserve Changes, bcf, 2011-2015 20 Table 13: Serica Energy plc, Oil and Gas Reserves Life Index, Years, 2011-2015 21 Table 14: Serica Energy plc, Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 23 Table 15: Serica Energy plc, Upstream Capital Expenditure, US$ mil, 2011-2015 24 Table 16: Serica Energy plc, Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 26 Table 17: Serica Energy plc, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 27 Table 18: Serica Energy plc, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 29 Table 19: Serica Energy plc, Oil and Gas Production Replacement Ratio, %, 2011-2015 31 Table 20: Serica Energy plc, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 35 Table 21: Serica Energy plc, Revenue and Expenses, US$ mil, 2011-2015 36 Table 22: Serica Energy plc, Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 40 Table 23: Serica Energy plc, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 41 Table 24: Serica Energy plc, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 44 Table 25: Serica Energy plc, Oil and Gas Performance Metrics, 2011-2015 45 List of Figures Figure 1: Serica Energy plc, Share Price Performance, CAD/Share, 2011-2015 7 Figure 2: Serica Energy plc, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 8 Figure 3: Serica Energy plc, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 9 Figure 4: Serica Energy plc, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 10 Figure 5: Serica Energy plc, Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 10 Figure 6: Serica Energy plc, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 12 Figure 7: Serica Energy plc, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 13 Figure 8: Serica Energy plc, Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 14 Figure 9: Serica Energy plc, Oil Production, By Country/Region, mmbbl, 2011-2015 14 Figure 10: Serica Energy plc, Crude Oil Reserve Changes, mmbbl, 2015 16 Figure 11: Serica Energy plc, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 17 Figure 12: Serica Energy plc, Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 18 Figure 13: Serica Energy plc, Gas Production, By Country/Region, bcf, 2011-2015 18 Figure 14: Serica Energy plc, Natural Gas Reserve Changes, bcf, 2015 20 Figure 15: Serica Energy plc, Oil and Gas Reserves Life Index, Years, 2011-2015 21 Figure 16: Serica Energy plc, Gas Reserve Life Index, By Country/Region, Years, 2011-2015 22 Figure 17: Serica Energy plc, Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 22 Figure 18: Serica Energy plc, Oil Reserve Life Index, By Country/Region, Years, 2011-2015 23 Figure 19: Serica Energy plc, Upstream Capital Expenditure, US$ mil, 2011-2015 24 Figure 20: Serica Energy plc, Development Costs, By Country/Region, US$ mil, 2011-2015 25 Figure 21: Serica Energy plc, Exploration Costs, By Country/Region, US$ mil, 2011-2015 25 Figure 22: Serica Energy plc, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 27 Figure 23: Serica Energy plc, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 28 Figure 24: Serica Energy plc, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 28 Figure 25: Serica Energy plc, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 30 Figure 26: Serica Energy plc, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 32 Figure 27: Serica Energy plc, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 32 Figure 28: Serica Energy plc, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 33 Figure 29: Serica Energy plc, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 33 Figure 30: Serica Energy plc, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 34 Figure 31: Serica Energy plc, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 34 Figure 32: Serica Energy plc, Revenue and Expenses, US$ mil, 2011-2015 36 Figure 33: Serica Energy plc, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 37 Figure 34: Serica Energy plc, Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 37 Figure 35: Serica Energy plc, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 38 Figure 36: Serica Energy plc, Production Costs, By Country/Region, US$ mil, 2011-2015 38 Figure 37: Serica Energy plc, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 39 Figure 38: Serica Energy plc, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 41 Figure 39: Serica Energy plc, Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 42 Figure 40: Serica Energy plc, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 42 Figure 41: Serica Energy plc, Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 43 Figure 42: Serica Energy plc, Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 43 Figure 43: Serica Energy plc, Oil and Gas Performance Metrics, 2011-2015 45