Serinus Energy NPV (SENX)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

8.90p
   
  • Change Today:
      0.15p
  • 52 Week High: 2,150.00
  • 52 Week Low: 8.50
  • Currency: UK Pounds
  • Shares Issued: 110.80m
  • Volume: 77,083
  • Market Cap: £9.86m

Serinus Energy works towards drilling in Romania

By Josh White

Date: Wednesday 08 Jun 2022

LONDON (ShareCast) - (Sharecast News) - Serinus Energy said in an update on Wednesday that the exploration drilling programme in Romania was progressing, with the work to prepare for drilling ahead of schedule.
The AIM-traded firm said it was planning to drill two wells sequentially into two separate natural gas prospects, located near the Moftinu gas field and gas plant.

Subject to the results of the first two wells, the company said it anticipated drilling a third well to complete the 2022 programme.

"The two prospects to be drilled during this operation are the Canar prospect and the Moftinu Nord prospect," Serinus said in its statement.

"The company's recently completed 2D seismic acquisition programme has confirmed the attractiveness of these prospects.

"Subject to the timely approval of all permits, the company intends to drill the Canar-1 well located four kilometres to the west of the Moftinu gas plant, commencing in late June or early July."

On completion of the Canar-1 well, the firm said it expected to drill the Moftinu Nord-1 well, describing Moftinu Nord as a "distinct gas prospect" located 5.2 kilometres to the northwest of the Moftinu gas plant.

"Permitting for these wells has commenced and is expected to be completed within the next few weeks.

"All long lead items for the Canar-1 well have arrived at the company's warehouse in Satu Mare county.

"Remaining long lead items for the Moftinu Nord-1 well will be available prior to the planned commencement of drilling."

The surface works, including access roads and drilling platforms, for both wells were also underway, and near completion.

Serinus said it had secured a drilling rig for the programme, with a rig mobilisation order expected in late June.

"The company is fully funded for its 2022 capital programme in Romania and Tunisia.

"The company will provide further updates to the market as this drilling program progresses over the summer."

At 1144 BST, shares in Serinus Energy were up 7% at 13p.

Reporting by Josh White at Sharecast.com.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

SENX Market Data

Currency UK Pounds
Share Price 8.90p
Change Today 0.15p
% Change 1.71 %
52 Week High 2,150.00
52 Week Low 8.50
Volume 77,083
Shares Issued 110.80m
Market Cap £9.86m

SENX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
47.24% above the market average47.24% above the market average47.24% above the market average47.24% above the market average47.24% above the market average
45.68% above the sector average45.68% above the sector average45.68% above the sector average45.68% above the sector average45.68% above the sector average
Price Trend
92.38% below the market average92.38% below the market average92.38% below the market average92.38% below the market average92.38% below the market average
86.36% below the sector average86.36% below the sector average86.36% below the sector average86.36% below the sector average86.36% below the sector average
Income Not Available
Growth
50.70% above the market average50.70% above the market average50.70% above the market average50.70% above the market average50.70% above the market average
37.25% above the sector average37.25% above the sector average37.25% above the sector average37.25% above the sector average37.25% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SENX Dividends

No dividends found

Trades for 03-Feb-2023

Time Volume / Share Price
15:56 22,702 @ 8.81p
12:33 15,000 @ 8.99p
12:13 5,462 @ 8.98p
11:43 3,008 @ 8.98p
11:17 5,000 @ 8.98p

SENX Key Personnel

Chair Łukasz Rędziniak
CFO Andrew Fairclough

Top of Page