Serica Energy Regulatory News (SQZ)

21 Jun 2007 10:30

Serica Energy plc21 June 2007 For release Thursday 21st June, 2007 SERICA APPOINTS NEW NON-EXECUTIVE DIRECTOR London, 21 June, 2007 - Serica Energy (UK) Limited ("Serica") is pleased toannounce that Ian Vann is joining the Board as a non-executive director witheffect from 1st July, 2007. Ian Vann was employed by BP from 1976. He was appointed Chief Geologist of theBP group in 1988, followed by posts as General Manager International Explorationand General Manager Africa, before returning to global exploration as TechnologyVice President Exploration in 1996. Ian was appointed to the executiveleadership team of the Exploration & Production Division of BP in 2001 initiallyas Group Vice President, Technology and then as Group Vice President,Exploration and Business Development in 2004. Under a number of different jobtitles Ian Vann directed and led BP's global exploration efforts from 1996 untilhis recent retirement in January 2007. Ian is an active member of a number of professional associations including theGeological Society, the American Association of Petroleum Geologists, theSociety of Exploration Geophysicists, the European Association of Geoscientistsand Engineers and the Institute of Directors. Tony Craven Walker, Chairman, said that, "Ian's experience in the international oil and gas exploration business over thepast 30 years will bring considerable benefit to the Board of Serica as theCompany continues to build on the exploration success that it has seen in theNorth Sea and Indonesia. Our objectives are to bring the benefits of thatsuccess back to shareholders and to lay the foundations for future growth. Weare delighted that Ian has accepted our invitation to join the Board and lookforward to working with him immensely." Background Notes: Serica Energy plc is an international oil and gas exploration company withoperations in the UK, Norway, Spain, Ireland, Indonesia and Vietnam. It iscurrently developing a gas-condensate field in Indonesia (the Kambuna field) andappraising a gas-condensate discovery in the UK North Sea (the Columbus field). The Company's ordinary shares are listed in London on AIM and on the CanadianTSX Venture Exchange under the symbol "SQZ". The 2006 Annual Report and Accountscan be obtained from the Company's web-site www.serica-energy.com and atwww.sedar.com. Enquiries:Serica Energy plcPaul Ellis, paul.ellis@serica-energy.com +44 (0)20 7487 7300Chief Executive OfficerChris Hearne, chearne@serica-energy.com +44 (0)20 7487 7300Finance Director JPMorgan CazenoveSteve Baldwin steve.baldwin@jpmorgancazenove.com +44 (0)20 7588 ------------------------------------ 2828 Pelham Public Relations-UKJames Henderson james.henderson@pelhampr.com +44 (0)20 7743 6673AlisdairHaythornthwaite alisdair.haythornthwaite@pelhampr.com +44 (0)20 7743 6676 CHF - CanadaJan Moir jan@chfir.com +1 416 868 1079 ---------------Kelly Cody kelly@chfir.com +1 416 868 1079 ----------------- Forward Looking Statements This disclosure contains certain forward looking statements that involvesubstantial known and unknown risks and uncertainties, some of which are beyondSerica Energy plc's control, including: the impact of general economicconditions where Serica Energy plc operates, industry conditions, changes inlaws and regulations including the adoption of new environmental laws andregulations and changes in how they are interpreted and enforced, increasedcompetition, the lack of availability of qualified personnel or management,fluctuations in foreign exchange or interest rates, stock market volatility andmarket valuations of companies with respect to announced transactions and thefinal valuations thereof, and obtaining required approvals of regulatoryauthorities. Serica Energy plc's actual results, performance or achievementcould differ materially from those expressed in, or implied by, these forwardlooking statements and, accordingly, no assurances can be given that any of theevents anticipated by the forward looking statements will transpire or occur, orif any of them do so, what benefits, including the amount of proceeds, thatSerica Energy plc will derive therefrom. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. To receive Company news releases via email, please contact kelly@chfir.com and specify "Serica press releases" in the subject line. This information is provided by RNS The company news service from the London Stock Exchange