Serinus Energy NPV (SENX)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

 3.35p
   
  • Change Today:
      0.000p
  • 52 Week High: 4.50p
  • 52 Week Low: 1.95p
  • Currency: UK Pounds
  • Shares Issued: 120.95m
  • Volume: 122,313
  • Market Cap: £4.05m

Serinus wins arbitration case against ex-partner in Romania

By Josh White

Date: Wednesday 15 Feb 2023

LONDON (ShareCast) - (Sharecast News) - Serinus Energy announced on Wednesday that the International Chamber of Commerce (ICC) had released the final merits award over Serinus Energy Romania's arbitration case against its former partner in the Satu Mare concession, Oilfield Exploration Business Solutions (OEBS), and awarded in favour of Serinus.
The AIM-traded firm said the decision confirmed that, as a result of OEBS' default under the joint operating agreement between the parties, OEBS' 40% participating interest in the Satu Mare concession in Romania would be transferred to Serinus as of the notification to the parties of the approval by the Romanian government and the National Agency of Fiscal Administration (ANAF).

It said the arbitral tribunal also directed OEBS to take all necessary actions to formally transfer the 40% participating interest to Serinus.

"OEBS is to be considered as withdrawn from the joint operating agreement and the concession agreement as of the notification to the parties of the approval of the competent authorities of such withdrawal," the board explained in its statement.

"Serinus is the true and lawful attorney of OEBS to execute such documents and make such filings and applications as may be necessary to make the transfer of OEBS' 40% participating interest to Serinus legally effective and to obtain any necessary consents from the Romanian government, the Romanian Agency for Mineral Resources (NAMR) and ANAF."

At 1555 GMT, shares in Serinus Energy were up 2.29% at 8.95p.

Reporting by Josh White for Sharecast.com.

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SENX Market Data

Currency UK Pounds
Share Price 3.35p
Change Today 0.000p
% Change 0.00 %
52 Week High 4.50p
52 Week Low 1.95p
Volume 122,313
Shares Issued 120.95m
Market Cap £4.05m

SENX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
61.65% above the market average61.65% above the market average61.65% above the market average61.65% above the market average61.65% above the market average
11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average
Price Trend
0.06% below the market average0.06% below the market average0.06% below the market average0.06% below the market average0.06% below the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Income Not Available
Growth
94.4% below the market average94.4% below the market average94.4% below the market average94.4% below the market average94.4% 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 31-Oct-2024

Time Volume / Share Price
15:01 121 @ 3.30p
13:18 1,000 @ 3.20p
13:18 200 @ 3.20p
13:18 75,042 @ 3.20p
10:59 149 @ 3.37p

SENX Key Personnel

Chair Łukasz Rędziniak

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