Serica Appoints New Non-Executive Director

Serica Energy reports that Steven Theede has joined the Board of Serica as a non-executive director effective July 24, 2007.

Mr. Theede was employed by Conoco, and later by ConocoPhillips from 1973 until 2003. During his career he held numerous management positions in Refining and Marketing, Exploration and Production as well as in corporate activities, located both in the US and Europe. In 2000 he was appointed President, Exploration and Production for Europe, Russia and the Caspian region and was located in the UK.

In 2003 Mr. Theede joined Yukos Oil Company located in Moscow, Russia as Chief Operating Officer and became Chief Executive Officer of the Company in July 2004, a position he held until August of 2006.

Tony Craven Walker, Chairman, said that,

"I am delighted that Steve has agreed to join Serica's Board as a non-executive director. His knowledge of the international oil and gas exploration business is considerable and his appointment brings a wealth of new experience to the Company. Steve's industry background complements the talents and experience that already exist on the Board and I and the other directors look forward greatly to working with him as the Company continues to build on its exploration successes in the North Sea and in Indonesia."


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