Serica Energy plc announces exercise of options

Serica Energy plc (TSX Venture: SQZ, AIM: SQZ) announces that options have been exercised over 100,000 new Ordinary Shares of US$0.10 each. Application has been made to the London Stock Exchange for these shares to be admitted to trading on AIM, which is expected to take place on Friday 20th June.

Subsequent to the admission of the shares to trading, the total number of Ordinary Shares in issue and outstanding will be 176,518,311.

Background Notes:

Serica Energy plc is an international oil and gas exploration company with operations in the UK, Norway, Spain, Ireland, Indonesia and Vietnam. It is currently developing a gas-condensate field in Indonesia (the Kambuna field) and appraising a gas-condensate discovery in the UK North Sea (the Columbus field).

The Company’s ordinary shares are listed in London on AIM and on the Canadian TSX Venture Exchange under the symbol “SQZ”. The 2007 Annual Report and Accounts can be obtained from the Company’s web-site www.serica-energy.com and at www.sedar.com.

For further information

Serica Energy plc, Paul Ellis, Chief Executive Officer, paul.ellis@serica-energy.com, +44 (0)20 7487 7300

Chris Hearne, Finance director, chris.hearne@serica-energy.com, +44 (0)20 7487 7300

JPMorgan Cazenove, Steve Baldwin, steve.baldwin@jpmorgancazenove.com, +44 (0)20 7588 2828

Tristone Capital Ltd, Majid Shafiq, mshafiq@tristonecapital.com, +44 (0)20 7355 5872

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 -Canada, Sasha Abrams, sasha@chfir.com, (416) 868-1079

 

Category: ResourceAsia