In August 2006 Serica was awarded offshore Frontier Exploration Licence 1/06, covering three blocks in the Slyne Basin off the west coast of Ireland. The licence is covered by modern 3D seismic data and is on trend with the Corrib gas field, currently being developed by Shell. In June 2009, Serica drilled the Bandon oil discovery well    (27/4-1).

In July 2009 Serica was awarded offshore Frontier Exploration License 1/09, covering six blocks in the Rockall Basin off the north-west coast of Ireland. The licence is covered by modern 3D seismic and is immediately north of the Dooish gas-condensate discovery.

In October 2011 Serica was awarded a Licence Option LO 11/1, covering a further six blocks in the Rockall Basin. The area is covered by modern 3D seismic and is immediately west of the Dooish gas-condensate discovery.

The following table provides a summary of Serica’s Irish Licences: