Director's Holdings

Serica Energy plc
10 January 2007







 FOR IMMEDIATE RELEASE: 10 January 2007



          SERICA ENERGY PLC ANNOUNCES INCREASE IN DIRECTOR'S HOLDINGS


London, January 10, 2007 - Serica Energy plc (TSX Venture: SQZ; AIM: SQZ) 
('Serica' or the 'Company') announces that on 10 January 2007 Paul Ellis (Chief
Executive) increased his beneficial shareholding in the Company by 75,000
ordinary shares.

On 10 January 2007 75,000 ordinary shares were acquired at a price of £1.049 by
the pension fund of Paul Ellis. As a result of this transaction the total
beneficial shareholding of Paul Ellis has increased by 27.3% to 350,000 ordinary
shares.


Enquiries:

Serica Energy plc
Paul Ellis,                         [e-mail]                 [phone]
Chief Executive Officer
Chris Hearne, Finance Director      [e-mail]                [phone]

Pelham Public Relations -UK
James Henderson                     [e-mail]             [phone]
Alisdair Haythornthwaite            [e-mail]    [phone]

CHF Investor Relations - Canada
Jan Moir                            [e-mail]                            [phone]
Heather Colpitts                    [e-mail]                        [phone]



Background Notes


Serica Energy plc is an international oil and gas exploration company with
operations in Indonesia, the UK North Sea, Spain, Ireland and Vietnam. The
Company's ordinary shares are listed in London on AIM and on the Canadian TSX
Venture Exchange under the symbol 'SQZ'. The 2005 Annual Report and Accounts can
be obtained from the Company's web-site www.serica-energy.com and at
www.sedar.com.




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 there from.



The TSX Venture Exchange has not reviewed and does not accept responsibility for
                   the adequacy or accuracy of this release.



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