Board Appointment
Serica Energy plc
21 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 to
announce that Ian Vann is joining the Board as a non-executive director with
effect from 1st July, 2007.
Ian Vann was employed by BP from 1976. He was appointed Chief Geologist of the
BP group in 1988, followed by posts as General Manager International Exploration
and General Manager Africa, before returning to global exploration as Technology
Vice President Exploration in 1996. Ian was appointed to the executive
leadership team of the Exploration & Production Division of BP in 2001 initially
as Group Vice President, Technology and then as Group Vice President,
Exploration and Business Development in 2004. Under a number of different job
titles Ian Vann directed and led BP's global exploration efforts from 1996 until
his recent retirement in January 2007.
Ian is an active member of a number of professional associations including the
Geological Society, the American Association of Petroleum Geologists, the
Society of Exploration Geophysicists, the European Association of Geoscientists
and Engineers and the Institute of Directors.
Tony Craven Walker, Chairman, said that,
'Ian's experience in the international oil and gas exploration business over the
past 30 years will bring considerable benefit to the Board of Serica as the
Company continues to build on the exploration success that it has seen in the
North Sea and Indonesia. Our objectives are to bring the benefits of that
success back to shareholders and to lay the foundations for future growth. We
are delighted that Ian has accepted our invitation to join the Board and look
forward to working with him immensely.'
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
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
Jan Moir jan@chfir.com +1 416 868 1079
---------------
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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