Appointment of Chief Executive Officer

Serica Energy PLC
14 May 2024
 

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.

 



[1] Mr Cox will be retained as an employee of the Company from 1 June 2024 to assist in his transition. He will not be a Director and on the Board of Serica or have the authorities of CEO until 1st July 2024.

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