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It is all in here,
http://www.oracle.com/us/support/library/lifetime-support-technology-069183.pdf
From Google Translate:
What is the end date of the holder 11.2.0.4 ? Can we keep the standard edition and standard edition licenses one or should we switch to standard edition 2 from 09.16.2016 ? Finally it is possible to switch to standard edition 2 and stay 11.2.0.4 oracle ?
What is the end date of the holder 11.2.0.4 ?
Can we keep the standard edition and standard edition licenses one or should we switch to standard edition 2 from 09.16.2016 ?
Finally it is possible to switch to standard edition 2 and stay 11.2.0.4 oracle ?
Answered here: https://blogs.oracle.com/UPGRADE/entry/premier_support_for_oracle_11
I can't answer that one. SE2 was recently announced. I know some customers are worried that they won't be able to switch from SE1 to SE2 but I can't say for certain if their fears are valid or not. I don't use SE1 so I don't have first-hand experience.
It won't be. The first SE2 version is 12.1.0.2. There is no 11.2.0.4 SE1.
Hope that helps,
Brian
I see I missed one bit of your question: what to do with SE1 licences. Well, nothing! You cannot upgrade your SE1 databases to 12.1.0.2, they must stay at 12.1.0.1 or lower. If you want to go to the current release, you'll have to adjust the licence to SE2 and pay accordingly.
Furthermore, SE1 will no longer be available for purchase after 1 December, so if you want more SE1 licenses, do not hang about.