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 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.

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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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