LONDON, Oct. 30 /CNW/ - Serica Energy plc (AIM & TSX-V: SQZ) ("Serica" or
"the Company") is pleased to announce that Peter Sadler has been appointed
Chief Operating Officer with immediate effect.
Paul Ellis, Serica CEO, said: "I am delighted to welcome Peter to the
Company as Chief Operating Officer. Peter has extensive international
experience in upstream exploration and production operations in the UK, the
Middle East and Australia. His contribution will be invaluable as our
exploration, appraisal and development operations gather pace, both in Western
Europe and in South East Asia."
Mr. Sadler comes to Serica with 30 years experience in international
exploration and production with both major and independent oil companies.
Until last year he was Chief Executive Officer of Indago Petroleum plc
("Indago"), an AIM listed company with exploration and development activities
in the Middle East, where it was developing an offshore gas-condensate field.
He then became Chief Executive of RAK Petroleum, a private company, when it
acquired the principal assets of Indago.
After graduating from Oxford University in Physics, Peter gained an MSc
in Petroleum Engineering from Imperial College, London and commenced his
career as a petroleum/reservoir engineer first in the Middle East and then in
the North Sea. For the last fifteen years he has been based overseas,
initially in senior technical management roles with Fletcher Challenge
Petroleum in New Zealand and Novus Petroleum in Australia and then as Regional
Manager Middle East for Novus. In that role he was based in Dubai, where he
was later appointed Chief Executive of Indago after it acquired the Middle
East portfolio of Novus.
Mr. Sadler's compensation package includes 750,000 Serica share options.
He will be based in London.
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 a gas-condensate field in the UK North Sea (the Columbus field) and
is appraising a gas discovery in the UK Southern North Sea (the Chablis
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.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
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