Serinus Energy NPV (SENX)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

2.06p
   
  • Change Today:
    -0.087p
  • 52 Week High: 6.00
  • 52 Week Low: 1.93
  • Currency: UK Pounds
  • Shares Issued: 110.80m
  • Volume: 48,398
  • Market Cap: £2.29m

Serinus confirms the start of gas production at Moftinu

By Josh White

Date: Friday 26 Apr 2019

LONDON (ShareCast) - (Sharecast News) - Serinus Energy announced on Friday that production has commenced at the Moftinu Gas Plant in Romania.
The AIM-traded firm said gas from the Moftinu 1003 production well had been flowed through the gas plant into the sales gas pipeline.

It said the processed gas met the water dew point and hydrocarbon dew point specifications set by the Romanian National Gas Transportation Company, Transgaz.

Serinus would now follow a conventional startup program, whereby production parameters and plant performance would be stabilised, after which gas from the Moftinu 1007 well would also be brought onto production and flowed through the gas plant.

During the startup and stabilisation period, gas would be sold on a daily basis.

Following the start-up period, and once gas volumes were more regular, gas would be sold on a monthly basis as per the previously-announced gas sales agreement.

"This is an extremely important milestone for Serinus," said chief executive officer Jeffrey Auld.

"Gas production, plant operation and the resulting sales of processed gas will be transformative for Serinus and the Moftinu region.

"The company is proud of the efforts that its staff and the team at our Romanian EPC contractor have put into this project to achieve this milestone."

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SENX Market Data

Currency UK Pounds
Share Price 2.06p
Change Today -0.087p
% Change -4.04 %
52 Week High 6.00
52 Week Low 1.93
Volume 48,398
Shares Issued 110.80m
Market Cap £2.29m

SENX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
95.89% above the market average95.89% above the market average95.89% above the market average95.89% above the market average95.89% above the market average
92.11% above the sector average92.11% above the sector average92.11% above the sector average92.11% above the sector average92.11% above the sector average
Price Trend
81.6% below the market average81.6% below the market average81.6% below the market average81.6% below the market average81.6% 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
79.72% below the market average79.72% below the market average79.72% below the market average79.72% below the market average79.72% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

SENX Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
09:15 47,392 @ 2.09p
08:20 43 @ 2.30p
08:20 43 @ 2.30p
08:20 500 @ 2.30p
08:20 220 @ 2.30p

SENX Key Personnel

Chair Łukasz Rędziniak

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