Serica Energy
plc
("Serica" or the
"Company")
Appointment of Chief
Executive Officer
London, 14 May 2024 - Serica Energy plc (AIM: SQZ), a British independent upstream
oil and gas company, announces the appointment of Chris Cox as
Chief Executive Officer ("CEO"). This will take effect on 1 July
2024[1], with David Latin (Chairman of Serica)
ceasing his temporary role as Interim CEO at the same
time.
Chris Cox has over forty years
experience in oil and gas in a wide range of roles with Majors and
Independents. For the last two decades he has been leading complex
multi-asset and multi-country businesses including as CEO of Spirit
Energy, Interim CEO at Capricorn Energy and Chairman of Kellas
Midstream. Chris has experience as a non-executive director of both
private equity and publicly listed companies, most recently with
Nostrum Oil and Gas. Chris holds a BSc in Petroleum Engineering
from Imperial College, London.
David Latin, Chairman and Interim CEO of Serica
commented:
"We are
delighted to have secured the services of Chris Cox
after a rigorous recruitment
process. His technical and commercial
acumen, combined with his track record in leadership and
teambuilding as CEO of substantial upstream entities operating in
multiple geographies including the UK and Norway, make him an
excellent fit with Serica's existing operations, exciting drilling
programme currently underway and ambitions to grow through M&A.
With this appointment, we have our new executive team in place and
I look forward to working with them to deliver growth and returns
for our investors."
Chris Cox commented:
"I am
honoured to be given the opportunity to lead the team at Serica at
this very important time. In the last several years, Serica has
established itself as one of the leading producing companies in the
UK North Sea. I will do my utmost to continue the Company's
reputation for safe high quality operational performance, to
realise the significant potential for growth within the existing
portfolio and to add further value for shareholders through
M&A."
Regulatory
The following information is
disclosed under Rule 17 of the AIM Rules for Companies ("AIM
Rules") and Schedule Two, paragraph (g) of the AIM
Rules:
Christopher Martin Cox (aged 63)
Mr Cox does not hold any
ordinary shares or options over ordinary shares in the
Company.
Current Directorships:
|
Past Directorships (within the last 5
years):
|
Nostrum Oil & Gas plc
|
Curium Resources Ltd
|
|
Curium Energy Consultants
Limited
|
|
Curium Energy Ltd
|
|
Oxomo Tequila Ltd
|
|
Capricorn Egypt (Holding)
Limited
|
|
Capricorn Côte d'Ivoire
Limited
|
|
Capricorn Energy Investments
Limited
|
|
Capricorn Low Carbon Solutions
Limited
|
|
Capricorn Production II
Limited
|
|
Capricorn Energy Holdings
Limited
|
|
Capricorn Egypt Limited
|
|
Capricorn Oil Limited
|
|
Capricorn Energy UK
Limited
|
|
Capricorn Mauritania
Limited
|
|
Capricorn Senegal (Holding)
Limited
|
|
Capricorn Offshore Exploration
Limited
|
|
Capricorn Production (Holdings)
Limited
|
|
Cairn UK Holdings Limited
|
|
Capricorn Resources Management
Limited
|
|
Capricorn Production I
Limited
|
|
Capricorn Americas
Limited
|
|
Capricorn Petrololeum
Limited
|
|
Agora Oil and Gas (UK)
Limited
|
|
Capricorn Senegal Limited
|
|
Capricorn Energy plc
|
|
Kellas Group Holdings
Limited
|
There is no further information
which is required to be disclosed under Schedule Two, paragraph (g)
of the AIM Rules in respect of Christopher Martin
Cox.
Enquiries:
Serica Energy plc
|
+44
(0)20 7390 0230
|
David Latin (Chairman and Interim
CEO) / Martin Copeland (CFO) / Stephen Lambert (VP Legal and
External Relations)
|
|
|
|
Peel Hunt (Nomad & Joint Broker)
|
+44
(0)20 7418 8900
|
Richard Crichton / David McKeown /
Georgia Langoulant
|
|
|
|
Jefferies (Joint Broker)
|
+44
(0)20 7029 8000
|
Sam Barnett / Will Soutar
|
|
|
|
Vigo Consulting (PR Advisor)
|
+44
(0)20 7390 0230
|
Patrick d'Ancona / Finlay
Thomson
|
serica@vigoconsulting.com
|
NOTES TO EDITORS
Serica Energy is a British
independent oil and gas exploration and production company with a
portfolio of UKCS assets.
Serica has a balance of gas and oil
production. The Company is responsible for about 5% of the natural
gas produced in the UK, a key element in the UK's energy
transition.
Serica's producing assets are
focused around two main hubs: the Bruce, Keith and Rhum fields in
the UK Northern North Sea, which it operates, and a mix of operated
and non-operated fields tied back to the Triton FPSO. Serica also
has operated interests in the producing Columbus (UK Central North
Sea) and Orlando (UK Northern North Sea) fields and a non-operated
interest in the producing Erskine field in the UK Central North
Sea.
Serica has a two-pronged strategy
for growth comprising investment in its existing portfolio and
M&A.
Further information on the Company
can be found at www.serica-energy.com.
The Company's shares are traded on the AIM market of the London
Stock Exchange under the ticker SQZ and the Company is a designated
foreign issuer on the TSX. To receive Company news releases via
email, please subscribe via the Company website.