Kambuna update correction

Serica Energy plc
15 February 2008


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

                    CORRECTION TO KAMBUNA DEVELOPMENT UPDATE


Further to the press release issued by Serica Energy plc (AIM & TSX-V: SQZ) on
Tuesday 12th February 2008, Serica would like to make the following
clarification:

 'We regret that in the Kambuna update press release, when referencing the price
of gas, $5.40 per million cubic feet should have read $5.40 per thousand cubic
feet'


Enquiries:

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

 JPMorgan Cazenove
 Steve Baldwin                [e-mail]     [phone]
 
 Tristone Capital Limited
 Majid Shafiq                 [e-mail]            [phone]

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

 CHF - Canada
 Sarah Gingerich              [e-mail]                        [phone]


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 [e-mail] and
specify 'Serica press releases' in the subject line.


                      This information is provided by RNS
            The company news service from the London Stock Exchange