GROWING OUR BUSINESS FOR SHAREHOLDERS

2023 Annual General Meeting

Serica Energy plc 2023 AGM

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Serica Energy plc 2023 AGM

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SECURE FOUNDATIONS

Serica Energy plc 2023 AGM

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FOCUS, GROWTH, BALANCE

  • Focus on building a diverse and balanced production portfolio
  • Now among top 10 UKCS producers
  • Reserves balanced between gas and oil
  • Two main production hubs with no transportation overlap
  • Outstanding ESG performance
  • Material value-adding investment opportunities within existing portfolio
  • Established facilities and wells operator
  • Exceptionally strong balance sheet with capacity for organic investment, acquisitions and regular dividends

Serica Energy plc 2023 AGM

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SUCCESSFUL ORGANIC INVESTMENT

IN ASSETS

Serica 2P Reserves since 2018 (mmboe)

  • Serica has replaced more than 100% of its

production since 2018:

    • Over 30 million boe produced
    • 2P reserves at end 2022 higher than at end 2018
  • Reflects successful strategy of investing in our assets:
    • Rhum R3 project
    • Development of Columbus
    • Bruce LWIV campaign
    • Plans to reduce flaring and other emissions being implemented now and over next several years
    • Deferral of projected cessation of production from BKR fields to 2035 per most recent CPR
  • Acquisition of Tailwind introduces opportunities to continue same approach

74.9

68.8

62.3

61.0

62.2

2018

2019

2020

2021

2022

Note:

Volumes do not include Tailwind reserves

Serica Energy plc 2023 AGM

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Serica Energy plc published this content on 29 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 June 2023 11:03:34 UTC.