Board Change

RNS Number : 2787M

Serica Energy plc

06 May 2015

 



Serica Energy plc ("Serica" or the "Company")

BOARD CHANGE

London, 6 May 2015 - Serica Energy plc (AIM: SQZ) announces that Chris Hearne has notified the Company of his intention to stand down as Chief Financial Officer of Serica in order to take up a senior position in another listed oil and gas company.

Chris has agreed to remain with Serica until 31 May 2015 in order to oversee the completion of the Erskine transaction and the publication of the Company's 2014 financial results.  He has served on the Board of Serica as Chief Financial Officer since 2005 and the Company wishes him every success in his new position.

Tony Craven Walker, Chairman commented:

"Chris Hearne has given valuable service over the years he has been at Serica, during which time he has seen the Company change from a company focussed on the North Sea and South East Asia, to a company with exploration interests in the Atlantic Margins, and a growing focus on production in the Central North Sea.  Chris will be staying to see through Serica's acquisition of an 18% interest in the producing North Sea Erskine Field from BP, which is expected to complete shortly, and through the publication of the Company's 2014 financial results.  He will be relinquishing his post with Serica on 31 May 2015 and we wish him well in his new role."

Enquiries:

Serica Energy plc
Tony Craven Walker, Chairman & CEO	[e-mail]	[phone]
Peel Hunt
Richard Crichton	[e-mail]	[phone]
Charles Batten	[e-mail]	[phone]

Instinctif Partners
David Simonson	[e-mail]	[phone]
Anca Spiridon	[e-mail]	[phone]

NOTES TO EDITORS

Serica Energy is an oil and gas exploration and production company with exploration, development and production assets in the UK and Norway and exploration interests in the Atlantic margins offshore Ireland and West Africa.  The Company is in partnership with other companies in its licences offshore UK, Ireland, Morocco and Namibia.  Further information on the Company can be found at www.serica-energy.com.

The Company is listed on AIM under the ticker SQZ and is a designated foreign issuer on the TSX.  To receive Company news releases via email, please contact [e-mail] and specify "Serica press releases" in the subject line.

 

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