Serica Energy PLC announces share purchase by directors



    LONDON, Sept. 29 /CNW/ - Serica Energy plc (TSX Venture: SQZ; AIM: SQZ)
("the Company") announces that, on 26 September 2008, a number of directors
increased their beneficial shareholdings in the Company by a total of 455,000
shares:
    Antony Craven Walker (Chairman) acquired 100,000 ordinary shares at an
average price of 49 pence per share taking his total beneficial shareholding
to 5,704,473 shares representing 3.23% of the voting rights
    Paul Ellis (Chief Executive) acquired 200,000 ordinary shares at an
average price of 53 pence per share taking his total beneficial shareholding
to 850,000 shares representing 0.48% of the voting rights
    Chris Hearne (Finance Director) acquired 35,000 ordinary shares at an
average price of 49 pence per share taking his total beneficial shareholding
to 710,551 shares representing 0.4% of the voting rights
    Ian Vann (Non-Executive Director) acquired 55,000 ordinary shares at an
average price of 49 pence per share taking his total beneficial shareholding
to 89,262 shares representing 0.05% of the voting rights
    Romayne Pike (wife of Neil Pike, Non-Executive Director) acquired 55,000
shares at an average price of 49 pence per share taking the total beneficial
shareholding of Mr Pike to 405,000 shares representing 0.23% of the voting
rights
    Jonathan Cartwright (Non-Executive Director) acquired 10,000 ordinary
shares at an average price of 49 pence per share taking his total beneficial
shareholding to 20,000 shares representing 0.01% of the voting rights
    The Company has 176,518,311 ordinary shares issued and outstanding.

    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 the Kambuna gas-condensate field (Serica 50%) in
Indonesia and appraising the Columbus gas-condensate field (Serica 50%) in the
UK Central North Sea and the Chablis gas-condensate field (Serica 65%) in the
UK Southern North Sea, where an appraisal well will start drilling within the
next month. A Development Plan for the Columbus Field will shortly be
submitted to the UK government and, during the next nine months, Serica plans
to drill exploration wells offshore Ireland (Bandon prospect, Serica 50%),
offshore UK (Conan prospect, Serica 100%) and offshore Vietnam (Tuong Vi
prospect, Serica 33%). Serica operates all of its exploration ventures other
than that in Vietnam.
    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.
    




For further information:

For further information: Enquiries: 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: +44 (0)20 7355 5872, Majid Shafiq
mshafiq@tristonecapital.com; 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

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890