Serica Energy Regulatory News (SQZ)

17 Mar 2008 09:32

Serica Energy plc17 March 2008 Monday 17 March 2008 SERICA ENERGY PLC ANNOUNCES INCREASE IN DIRECTOR'S HOLDINGS London, March 17, 2008 - Serica Energy plc (TSX Venture: SQZ; AIM: SQZ) ("Serica" or the "Company") was notified on 15 March 2008 that, on 14 March 2008, PaulEllis (Chief Executive) increased his shareholding in the Company by 52,800ordinary shares. On 14 March 2008 52,800 ordinary shares were acquired at a price of CAD$1.42 byPaul Ellis. As a result of this transaction the total beneficial shareholding ofPaul Ellis has increased by 15.1% to 402,800 ordinary voting share capital ofthe company. 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 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