Serica Energy presents drilling plan targeting 30,000 boepd of additional production

• Serica Energy outlined plans at the Cavendish Energy Conference to reach production of about 65,000 barrels of oil equivalent per day by end-2026.
• Full-year post-tax operating cash flow is estimated at $450 million-$475 million, with 15%-30% targeted for dividends.
• Pro forma liquidity of $685 million supports growth, with no debt maturities or amortization until 2029.
• A contracted drilling program starting in Q3 2027 could add 30,000 barrels of oil equivalent per day.
• The program targets average returns above 40%, supporting annual average production above 50,000 barrels of oil equivalent per day into the next decade.

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