Board Appointment
Serica Energy plc
25 July 2007
For release Wednesday 25th July, 2007 (at 07:00 BST 02:00 Toronto)
SERICA APPOINTS NEW NON-EXECUTIVE DIRECTOR
London, 25th July, 2007 - Serica Energy (UK) Limited ('Serica') is pleased to
announce that Steven Theede has joined the Board of Serica as a non-executive
director with effect from 24th July, 2007.
Mr. Theede was employed by Conoco, later ConocoPhillips, from 1973 until 2003.
During his career he held numerous management positions in Refining and
Marketing, Exploration and Production as well as in corporate activities,
located both in the US and Europe. In 2000 he was appointed President,
Exploration and Production for Europe, Russia and the Caspian region and was
located in the UK.
In 2003 Mr. Theede joined Yukos Oil Company located in Moscow, Russia as Chief
Operating Officer and became Chief Executive Officer of the Company in July
2004, a position he held until August of 2006.
Tony Craven Walker, Chairman, said that,
'I am delighted that Steve has agreed to join Serica's Board as a non-executive
director. His knowledge of the international oil and gas exploration business is
considerable and his appointment brings a wealth of new experience to the
Company. Steve's industry background complements the talents and experience that
already exist on the Board and I and the other directors look forward greatly to
working with him as the Company continues to build on its exploration successes
in the North Sea and in Indonesia.'
Background Notes:
Serica Energy plc is an international oil and gas exploration company with
operations in the UK, Norway, Spain, Ireland, Indonesia and Vietnam. It is
currently developing a gas-condensate field in Indonesia (the Kambuna field) and
appraising 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 Canadian
TSX Venture Exchange under the symbol 'SQZ'. The 2006 Annual Report and Accounts
can be obtained from the Company's web-site www.serica-energy.com and at
www.sedar.com.
Enquiries:
Serica Energy plc
Paul Ellis, paul.ellis@serica-energy.com +44 (0)20 7487 7300
Chief Executive Officer
Chris Hearne, chearne@serica-energy.com +44 (0)20 7487 7300
Finance Director
JPMorgan Cazenove
Steve Baldwin steve.baldwin@jpmorgancazenove.com +44 (0)20 7588 2828
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Pelham Public Relations
-UK
James Henderson james.henderson@pelhampr.com +44 (0)20 7743 6673
Alisdair
Haythornthwaite alisdair.haythornthwaite@pelhampr.com +44 (0)20 7743 6676
CHF - Canada
Kelly Cody kelly@chfir.com +1 416 868 1079
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Forward Looking Statements
This disclosure contains certain forward looking statements that involve
substantial known and unknown risks and uncertainties, some of which are beyond
Serica Energy plc's control, including: the impact of general economic
conditions where Serica Energy plc operates, industry conditions, changes in
laws and regulations including the adoption of new environmental laws and
regulations and changes in how they are interpreted and enforced, increased
competition, the lack of availability of qualified personnel or management,
fluctuations in foreign exchange or interest rates, stock market volatility and
market valuations of companies with respect to announced transactions and the
final valuations thereof, and obtaining required approvals of regulatory
authorities. Serica Energy plc's actual results, performance or achievement
could differ materially from those expressed in, or implied by, these forward
looking statements and, accordingly, no assurances can be given that any of the
events anticipated by the forward looking statements will transpire or occur, or
if any of them do so, what benefits, including the amount of proceeds, that
Serica 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.
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