Serica Energy plc announces exercise of options



    LONDON, June 16 /CNW/ - Serica Energy plc (TSX Venture: SQZ; AIM: SQZ)
announces that options have been exercised over 100,000 new Ordinary Shares of
$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.

    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 therefrom.

    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
sasha@chfir.com and specify "Serica press releases" in the subject line.

    %SEDAR: 00022686E




For further information:

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

Organization Profile

SERICA ENERGY PLC

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