Serica Energy Regulatory News (SQZ)

11 Mar 2008 07:01

Serica Energy plc11 March 2008 For release Tuesday 11th March, 2008 SERICA APPOINTS NEW NON-EXECUTIVE DIRECTOR London, 11 March, 2008 - Serica Energy plc ("Serica") is pleased to announcethat Jonathan Cartwright is joining the Board as a non-executive director witheffect from 27 March, 2007. Jonathan is Finance Director of Caledonia Investments plc which owns 13% of theCompany's ordinary shares. He is also on the Board of Bristow Group Inc., oneof the world's leading providers of helicopter services to the offshore oil andgas industry. From 1984 until 1989 he held a variety of positions at HansonPLC, including Group Financial Controller and director of various subsidiaries.From 1983 to 1984 he served as Finance Director of Transworld Petroleum (U.K.)Limited and, from 1980 to 1983, he served as Group Controller of Shulton (GB)Limited, a subsidiary of American Cyanamid Group. Jonathan is a CharteredAccountant and, from 1975 to 1980, was with Peat Marwick, a predecessor of KPMGLLP. Tony Craven Walker, Chairman, said that, "I am delighted that Jonathan has agreed to join Serica's Board as anon-executive director. His contribution will be of particular value as weenter a period which we believe is likely to see consolidation in the UKindependent oil sector aimed at accelerating shareholder return. The experiencethat Jonathan brings to Serica at this time, and as we bring our discoveriescloser to production, will be invaluable. We look forward to welcoming him tothe Board." 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, chris.hearne@serica-energy.com +44 (0)20 7487 7300Finance Director JPMorgan CazenoveSteve Baldwin steve.baldwin@jpmorgancazenove.com +44 (0)20 7588 2828 +44 (0)20 7355 5872 Tristone Capital LtdMajid Shafiq mshafiq@tristonecapital.com Pelham Public Relations -UKJames Henderson james.henderson@pelhampr.com +44 (0)20 7743 6673Alisdair Haythornthwaite alisdair.haythornthwaite@pelhampr.com +44 (0)20 7743 6676 CHF - CanadaSarah Gingerich sarah@chfir.com +1 416 868 1079 Information required to be disclosed pursuant to Schedule 2(g) of the AIM Rules. Jonathan Cartwright is Finance Director of Caledonia Investments plc which owns13% of Serica's ordinary shares. He is also on the Board of Bristow Group Inc.and Bristow Aviation Holdings Limited and was on the Boards of BristowHelicopter Group Limited (resigned June 2006), KLM Cityhopper UK Ltd (resignedDecember 2004) and The Edinburgh Crystal Glass Company Limited (resignedSeptember 2006). The Edinburgh Crystal Glass Company Limited was put intoadministration in July 2006. From 1984 until 1989 Jonathan Cartwright held a variety of positions at HansonPLC, including Group Financial Controller and director of various subsidiaries.From 1983 to 1984 he served as Finance Director of Transworld Petroleum (U.K.)Limited and, from 1980 to 1983, he served as Group Controller of Shulton (GB)Limited, a subsidiary of American Cyanamid Group. Jonathan Cartwright is aChartered Accountant and, from 1975 to 1980, was with Peat Marwick, apredecessor of KPMG LLP. Jonathan Cartwright is, or has been, a director of the following wholly-ownedsubsidiaries of Caledonia Investments plc: Buckingham Gate Limited; CaledoniaFinancial Limited; Caledonia General Investments Limited; Caledonia GPDistribution Limited; Caledonia Group Services Limited; Caledonia Industrial andServices Limited; Caledonia Treasury Limited; Caledonia Industrial Limited(resigned April 2003); Caledonia Settlement Limited (resigned December 2007);Cayzer Property Development Limited (resigned May 2003); Cayzer PropertyInvestments Limited (resigned May 2003); and Cayzer Property Management Limited(resigned May 2003). There is no further information required to be disclosed pursuant to Schedule 2(g) of the AIM Rules. 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 sarah@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