Serica Energy Regulatory News (SQZ)

2 Apr 2008 15:00

Serica Energy plc02 April 2008 Wednesday 2 April 2008 SERICA ENERGY PLC AWARD OF DIRECTOR SHARE OPTIONS London, 2 April 2008 - Serica Energy plc (TSX Venture: SQZ; AIM: SQZ) announcesthat on Monday 31 March 2008, the following share option awards were made underthe Company's Share Option Plan 2005. Director Number of Share Options Total Number of Awarded Directors Options Paul Ellis (CEO) 500,000 1,610,000Chris Hearne (CFO) 350,000 1,160,000 The exercise price for the awards was the closing price on the date of grant,which was 82p per ordinary share. The awards granted are subject to performancecriteria and will vest over a 3 year period and expire after 5 years. 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 2007 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 7300 Chief Executive OfficerChris Hearne, chris.hearne@serica-energy.com +44 (0)20 7487 7300 Finance Director JPMorgan CazenoveSteve Baldwin steve.baldwin@jpmorgancazenove.com +44 (0)20 7588 2828 Tristone Capital LtdMajid Shafiq mshafiq@tristonecapital.com +44 (0)20 7355 5872 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