US$100m Debt Facility

Serica Energy plc
16 November 2007


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

                     SERICA ENERGY COMPLETES US$100 MILLION
                          SENIOR SECURED DEBT FACILITY

London, 16 November 2007 - Serica Energy plc (AIM & TSX-V: SQZ) today announces
that it has now entered into a US$100 million senior secured debt facility with
JPMorgan Chase Bank, N.A. and The Governor and Company of the Bank of Scotland,
following commitments secured and announced earlier this year.

The facility, which has an initial term of 12 months with the Company having an
option to extend for a further 6 months, will be available to fund appraisal and
development expenditures for the Kambuna field in Indonesia, the Columbus field
in the UK North Sea (following the successful appraisal wells announced earlier
this month), Bream field appraisal expenditure in Norway and general corporate
purposes.


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
Kelly Cody                 [e-mail]                          [phone]
                      


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