Serica Energy plc
01 December 2006
FOR IMMEDIATE RELEASE: 1 December, 2006
SERICA ENERGY PLC
CHANGE IN ROLE OF EXECUTIVE DIRECTOR
London, 1 December, 2006 - Serica Energy plc (AIM and TSX Venture: SQZ)
announces that, with effect from 31st December 2006, Chris Atkinson will be
taking on the new role of Advisor to the Board on exploration matters and will
be relinquishing his responsibility as Chief Operating Officer and a Director of
the Group.
This change is being made to meet Chris's wish to devote more of his attention
to Serica's new venture exploration activities and is in line with operational
requirements resulting from drilling success and the increasing impact of field
appraisal and development activities.
Chris's new role as Advisor to the Board on exploration matters will enable him
to focus on new exploration opportunities for the Company whilst it builds up
its appraisal and development programmes on existing discoveries. He will
continue to be based in Singapore.
Chris Atkinson said 'Little did I realise nearly seven years ago when I started
out as a founder of the Group that the small spark of an idea together with a
great deal of commitment would have resulted in the development of the company
we now know. The change of role back into pure exploration allows me to return
to my roots and concentrate more where my true abilities in this business lie.
With my continued efforts on the exploration front and the support of the strong
existing management team I believe Serica will continue to go from strength to
strength'.
Tony Craven Walker, Chairman of the Board, said 'Chris has been instrumental in
bringing the Company to this point in its development. The role of Exploration
Advisor to the Board will allow him to spend more of his time on exploration
affairs as Serica commences a new phase in its growth strategy following
recently announced drilling success. Going forward the Company will be
involved in field appraisal in the North Sea as well as the appraisal and
development of fields in Indonesia and continuing our ongoing exploration
programme. Chris will be providing the full benefit of his considerable
exploration expertise to this programme as we enter what promises to be an
exciting new period'.
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 are
available at www.serica-energy.com and www.sedar.com.
Enquiries:
Serica Energy plc
Tony Craven Walker, tony.cravenwalker@serica-energy.com +44 (0)20 7487 7300
Chairman
Paul Ellis, pellis@serica-energy.com +44 (0)20 7487 7300
Chief Executive Officer
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 Investor Relations - Canada
Jan Moir jan@chfir.com +1 416 868 1079 x237
Heather Colpitts heather@chfir.com +1 416 868 1079 x223
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.
To receive Company news releases via email, please contact heather@chfir.com and
specify 'Serica press releases' in the subject line.
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The company news service from the London Stock Exchange LFBQLBLFBZ
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