Result of EGM

Serica Energy plc
07 January 2008

For Immediate Release

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN, INTO, OR FROM THE UNITED STATES OF AMERICA, AUSTRALIA, JAPAN OR
ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. THIS ANNOUNCEMENT IS NOT
AN OFFER OF SECURITIES IN THE UNITED STATES OF AMERICA, AUSTRALIA, JAPAN OR ANY
JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.

                               Serica Energy plc

                          ('Serica' or the 'Company')



                          SERICA ANNOUNCES EGM RESULT



London, 7 January 2008 - Serica Energy plc (AIM & TSX-V: SQZ)  is pleased to
announce that the resolutions proposed at the Company's EGM held on Friday 4
January 2008 relating to the placing of new ordinary shares were duly passed by
shareholders.



A total of 24,770,354 new ordinary shares have been placed with institutional
and other investors on behalf of the Company by JPMorgan Cazenove and Tristone
Capital.  Total funds raised for the Company are approximately US$52 million
before expenses.



Tony Craven Walker, Chairman, subscribed for 478,847 new ordinary shares which
will take his aggregate holding to 3.0% of the Company's enlarged issued voting
share capital.  Steve Theede, non executive director, subscribed for 238,100 new
ordinary shares which will take his aggregate holding to 0.4% of the Company's
enlarged issued voting share capital.  Ian Vann, non executive director,
subscribed for 24,510 new ordinary shares which will take his aggregate holding
to 0.02% of the Company's enlarged issued voting share capital.



Following admission of the new ordinary shares to the AIM Market and the TSX-V
in Canada, the Company will have a total of 176,418,310 ordinary voting shares
in issue.



Dealings in the new ordinary shares are expected to commence today.



The statement made by Tony Craven Walker, Chairman, at the EGM is available on
the Company's website www.serica-energy.com.



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]



Each of JPMorgan Cazenove and Tristone is acting exclusively for the Company as
joint underwriters and co-managers and no one else in relation to the offering
and will not be responsible to any other person (whether or not such person is
in receipt of this announcement) for providing the protections afforded to its
customers or for advising any other person in relation to the offering or any
transaction or arrangement referred to herein.

This announcement and the information contained herein is not for publication or
distribution to persons into or from the United States of America, Australia or
Japan or in any jurisdiction in which such publication or distribution is
unlawful.

The making of an offer (including the proposed offering) in certain
jurisdictions or to residents who are citizens of certain jurisdictions ('
Foreign Persons'), may be restricted by laws or regulations of the relevant
jurisdictions.  Foreign Persons should inform themselves about and observe any
such applicable legal requirements in their respective jurisdiction.

This announcement does not constitute an offer to sell or issue, or constitute
the solicitation of an offer to acquire or buy, any ordinary shares to any
Foreign Persons to whom it is unlawful to make such offer or solicitation in
such jurisdiction.

The securities offered have not been, and will not be, registered under the
United States Securities Act of 1933, as amended (the 'Securities Act') or with
any securities regulatory authority of any State or other jurisdiction of the
United States and, accordingly, may not be offered or sold in the United States
unless registered under the Securities Act or pursuant to an exemption from such
registration.  No regulatory authority has passed upon or endorsed the merits of
the offering of the securities or the accuracy or adequacy of this announcement.
  Any representation to the contrary is a criminal offence in the United States.

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

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