• Morocco Overview
• Foum Draa & Sidi Moussa

In June 2009, the Company was awarded a 25% interest in the Foum Draa and Sidi Moussa exploration licences offshore Morocco.

These underexplored licences cover a combined area of approximately 12,700 square kilometres in the Atlantic margin, in water depths ranging from zero to 2000 metres and are geologically analogous to the salt basins in some of the prolific offshore petroleum provinces of West Africa. The agreements are valid for up to 8 years.

The following table provides a summary of Serica's current assets in Morocco:

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