16th Nov 2007 07:01
Serica Energy plc16 November 2007 Serica Energy plc ("Serica" or the "Company") SERICA ENERGY COMPLETES US$100 MILLION SENIOR SECURED DEBT FACILITY London, 16 November 2007 - Serica Energy plc (AIM & TSX-V: SQZ) today announcesthat it has now entered into a US$100 million senior secured debt facility withJPMorgan Chase Bank, N.A. and The Governor and Company of the Bank of Scotland,following commitments secured and announced earlier this year. The facility, which has an initial term of 12 months with the Company having anoption to extend for a further 6 months, will be available to fund appraisal anddevelopment expenditures for the Kambuna field in Indonesia, the Columbus fieldin the UK North Sea (following the successful appraisal wells announced earlierthis month), Bream field appraisal expenditure in Norway and general corporatepurposes. Enquiries:Serica Energy plcPaul Ellis, [email protected] +44 (0)20 7487 7300Chief Executive OfficerChris Hearne, [email protected] +44 (0)20 7487 7300Finance Director JPMorgan CazenoveSteve Baldwin [email protected] +44 (0)20 7588 2828 Tristone Capital LimitedMajid Shafiq [email protected] +44 (0)20 7355 5872 Pelham Public Relations-UKJames Henderson [email protected] +44 (0)20 7743 6673Alisdair Haythornthwaite [email protected] +44 (0)20 7743 6676 CHF - CanadaKelly Cody [email protected] +1 416 868 1079 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 [email protected] and specify "Serica press releases" in the subject line. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Serica Energy