Serinus Energy NPV (SENX)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

 2.15p
   
  • Change Today:
      0.000p
  • 52 Week High: 6.00
  • 52 Week Low: 1.93
  • Currency: UK Pounds
  • Shares Issued: 110.80m
  • Volume: 58,398
  • Market Cap: £2.38m

Serinus Energy wraps up drilling at Moftinu-1007 well in Romania

By Iain Gilbert

Date: Tuesday 12 Jun 2018

LONDON (ShareCast) - (Sharecast News) - AIM-listed international upstream oil and gas Serinus Energy has wrapped up drilling at its Moftinu-1007 well in Romania, achieving a total planned depth of 1,463 metres on schedule and below budget.
Serinus' drilling rig has been released and a snubbing unit has been mobilized to perform well completion operations.

Log analysis undertaken during the drilling operations identified three gas-bearing Pliocene zones, the A3 sand formation which was intersected from 736m to 738m, the A2 from 809m to 813m, and the A1 from 883m to 898m.

Serinus noted these were the same sand zones as those perforated and tested in its Moftinu-1001 well.

Construction of Serinus' Moftinu Gas Plant continued, with the fiscal metering skid installation reaching its final stage, leading the company to engage the operatorship transfer process of the sales gas line to Transgaz.

The firm expects first gas from Moftinu-1000, in late June, with gas from Moftinu-1007 to be added to the commissioning process in mid-July.

Initially, Serinus' the gas plant commissioning will begin without a Low Temperature Separation unit ot a Triethylene Glycol unit, both of which were in final assembly and expected to be on site by the end of August as the company was recently notified by its EPCC contractor that delivery of the units would be delayed due to procurement delays.

As of 0940 BST, Serinus shares had lost 4.62% to 15.50p.

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SENX Market Data

Currency UK Pounds
Share Price 2.15p
Change Today 0.000p
% Change 0.00 %
52 Week High 6.00
52 Week Low 1.93
Volume 58,398
Shares Issued 110.80m
Market Cap £2.38m

SENX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
96.16% above the market average96.16% above the market average96.16% above the market average96.16% above the market average96.16% above the market average
94.74% above the sector average94.74% above the sector average94.74% above the sector average94.74% above the sector average94.74% above the sector average
Price Trend
82.97% below the market average82.97% below the market average82.97% below the market average82.97% below the market average82.97% below the market average
53.66% below the sector average53.66% below the sector average53.66% below the sector average53.66% below the sector average53.66% below the sector average
Income Not Available
Growth
79.45% below the market average79.45% below the market average79.45% below the market average79.45% below the market average79.45% below the market average
96.23% below the sector average96.23% below the sector average96.23% below the sector average96.23% below the sector average96.23% below the sector average

SENX Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
12:57 10,000 @ 2.09p
09:15 47,392 @ 2.09p
08:20 43 @ 2.30p
08:20 43 @ 2.30p
08:20 500 @ 2.30p

SENX Key Personnel

Chair Łukasz Rędziniak

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