Serinus Energy Inc (“Serinus” or “the Company”), a medium sized oil and gas company organised under the laws of Alberta, Canada. Schematic illustration showing plays and trap types across Serinus Energy plc’s concessions in Tunisa. Resumption of Production at Sabria. Company Overview; Policies and Guidelines; Corporate Strategy; Directors; Operations. Adjacent to the Chouech Es Saida block, the concession similarly carries significant upside potential in Silurian exploration targets that are not yet drilled, but are defined on 3D seismic (acquired in 2008). The Companyâs ordinary shares are listed on the London AIM (SENX.LN) and Warsaw Stock Exchange (Symbol: SEN.WP). The Company's producing operations across Romania and Tunisia have not been impacted by the COVID-19 pandemic. Sabria Appraisal Drilling: Common-Risk Segments, I. Serinus Energy Moftinu-1008 well in Romania flows 667 boe per day on test. Date issue: May 22, 2017 Time in: 1:00 PM e. Attention: CALGARY, ALBERTA--(Marketwired - May 22, 2017) - Serinus Energy Inc. ("Serinus", "SEN" or the "Company") (TSX:SEN)(WARSAW:SEN) announces that it has temporarily shut-in production at the Sabria field in Tunisia due to continued social unrest in the … Tunisia remains relatively under-explored despite lying within the petroleum-rich Ghadames and Pelagian basins, Royalties in Serinus Energy plc’s concessions range from 2-15%. Serinus Energy is an international oil company with operations in Romania and Tunisia. Winstar Tunisia B.V. was founded in 2001. Through their large and extensive land base, the Company has identified a significant future opportunity set that provides growth beyond our existing production and … Moderate-risk drilling near good well control and at similar elevations to proven oil, but south of a major strike slip fault running through the Sabria structure. DirectorsTalk Interviews caught up with Daniel Slater, Analyst at Arden Partners to discuss the news. Twenty groups in Tunisia and Europe are calling on the EBRD to reject the loan or at least postpone the decision until further studies are prepared.. The Ordovician reservoir at Sabria contains 358 MMbbl OIIP (P50)1, into which only eight wells (12 including re-entries) have been drilled. Serinus Energy Ramps Up Tunisia Operations After Restricted Activity Source: www.gulfoilandgas.com 5/13/2019, Location: Africa. Overview; Financial Results; AIM Rule 26; Presentations; Investor Contact; WSE Current Report Filings; News; Events; … Feb 23, 2021 11:21 EEST ... is an international upstream oil and gas exploration and production company with a diversified portfolio of projects in Tunisia and Romania. Good news travels fast (but only if you make that happen): Share on twitter. polski; About. Very Low-risk drilling in areas of good well control, II. Schematic illustration showing the trapping configuration of Silurian plays in the Chouech Es Saida and Ech Chouech concessions. Nearby discoveries support the presence of oil in this fault block, IV. Discovered in 1991 by Shell, the field produced until 2008. The Company currently holds five Tunisia concessions that comprise a diverse portfolio of development and exploration assets. The Moftinu Gas Plant began production on 25 April 2019. The focus of the Company is to enhance shareholder value by growing oil and gas production through the efficient allocation of capital. Production from the Companyâs core producing asset in Tunisia can be easily sustained or grown over the next several years by investing in low-risk and high-value investments in existing wells and facilities. The Silurian Acacus sands, which are hydrocarbon-charged in the Chouech Es Saida block, are emerging in Southern Tunisia as a major new oil, condensate and gas play with exploration-well success rates of nearly 100%. Gas production and operational performance of the plant has been as anticipated. SMALL CAP SHARE IDEAS: Asset mix looks 'unusual but interesting' at Serinus Energy as it seeks oil in Tunisia and Romania. This field was initially shut-in on January 10, 2017, in anticipation of a three-day strike with production stoppage, as voted for by the Company's employees at the Winstar … The reservoir comprises a large stratigraphic trap with a continuous oil column that spans the Upper Hamra, Lower Hamra and the El Atchane formations. Seismically defined, but farther from well control, III. Published. In Tunisia, Serinus Energy said the reopening of the Chouech Es Saida field in the south of the country was progressing as expected. Looking to contact Serinus Energy? The Company views further development drilling at Sabria as a low-risk, significant production growth opportunity over the medium to long term. Romania As previously announced by the Company, gas production at the Moftinu Gas Project commenced on 25 April 2019. is an international oil company with operations in Romania and Tunisia. By Philip Whiterow, Proactive Investors, For Thisismoney.co.uk. Map of the Sabria field showing areas of common subsurface risk. | International Oil & Gas company with assets onshore in Romania and Tunisia. Note that majority of the concession area is composed of very low to low-risk drilling for appraisal and development wells. The Company currently produces oil and gas in Tunisia through its various working interests in two of the five Oil & Gas Concessions. * Based on “Reserves & Contingent Resources Evaluation Tunisian Properties of Serinus Energy plc, as at December 31, 2018”, prepared by RPS. In response to the outbreak, the Company has instituted increased health monitoring of operations staff in both Romania and Tunisia and increased cleaning and disinfecting of operational … The EBRD announced that the loan … Illustration of the stratigraphy and trapping mechanism for the Chouech Es Saida and Ech Chouech concessions. Tunisia. The focus of the Company is to enhance shareholder value by growing oil and gas production through the efficient allocation of capital. Proved Undeveloped reserves represent 47% of the total Gross Proved reserves (boe basis). Serinus Energy plc. Through our large and extensive land base, the Company has identified a significant future opportunity set that provides growth beyond our existing production and development projects. The Moftinu Gas Development project offers a significant … Serinus Energy plc (SEN) is pleased to provide an operational update. Serinus is an international upstream oil and gas exploration and production company with a diversified portfolio of projects in Tunisia and Romania. The Tannezuft fan play is known by Serinus to only occur within the Chouech Es Saida and Ech Chouech concessions: a forty-five-metre-thick basin floor fan complex was encountered by the CS-Sil-1 (drilled 2010) and the CS-Sil-10 well (drilled 2011), and tested condensate and gas from multiple sands at rates as high as 850 bbls/d and 6.7 MMcf/d, respectively. Serinus Energy has provided an update on its operations in Romania and Tunisia. Serinus Energy Inc. , announces that the Sabria Field in central Tunisia has been shut-in due to local protests that blocked roads to the Central Processing Facility . Prospectivity lies within an undrilled fault block that requires 3D seismic to be confidently defined. Serinus Energy plc (LON:SENX) recently released an operational update, reporting on the progress of the company’s various work programmes on its assets in Romania and Tunisia. Serinus Energy Inc.’s share of the reserve volumes in Tunisia as of December 31, 2019 is summarized as follows: As of the effective date, 87% of the Gross Proved Developed reserves (boe basis) were on production. Low-risk drilling at same elevation or up-dip of proven oil. As previously reported in the Company's press release of June 1, 2015, the Sabria Field in central Tunisia was shut in due to local protests. Serinus Energy plc. Romania. CALGARY, ALBERTA--(Marketwired - June 1, 2015) - Serinus Energy Inc. ()() ("Serinus", " SEN" or the " Company"), announces that the Sabria Field (" Sabria") in central Tunisia has been shut-in due to local protests that blocked roads to the Central Processing Facility ("CPF"). Serinus Energy PLC- oil company with operations in Romania and Tunisia - Notes difference in share price between Warsaw shares and London shares. Serinus Energy has provided an update on its operations in Tunisia and Romania. The Zinnia concession (17,920 acres, Serinus 100% WI) is a currently non-producing production block with two formerly producing oil and gas wells. We look forward to hearing from you. Serinus is the entity resulting from the re-organisation of Kulczyk Oil Ventures Inc (“KOV”) following the completion of its acquisition of Winstar Resources Limited (“Winstar”), a Canadian company that owns the assets in Tunisia to be financed by the project. The plant will enter a period of routine maintenance on 14 October 2019. On 9 July the European Bank of Reconstruction and Development will decide on a USD 60 million loan to Serinus Energy for a project to develop four oil and gas fields in Tunisia, which is also likely to include drilling for shale gas. is an international oil company with operations in Romania and Tunisia. The Ech Chouech concession (33,920 acres, Serinus 100% WI) has, since the discovery of the field in 1970, produced oil intermittently from the TAGI Formation. These workovers and pump replacements were initiated on 9 December 2020 and are anticipated to result in increased production from Chouech Es Saida. The deeper Silurian Acacus Sands and the Tannezuft fan, which have been penetrated and successfully tested and produced hydrocarbons in two wells in the concession, hold enormous growth potential for Serinus Energy plc. Recently, in Southern Tunisia, the deltaic Silurian Acacus sands have been targeted by exploration wells with very high success rates for oil, gas and condensate. Serinus Tunisia BV. Serinus Energy’s “shackles are off”, the company’s CEO Jeffrey Auld has said, with a newfound focus on generating cash and modest drilling plans. Moftinu is the first new discovery in the Satu Mare area in decades. Production has historically been primarily oil from the fluvial Triassic of the TAGI Formation. Serinus Energy has provided an update on its operations in Tunisia and Romania. +1 403 264 8877 ... English. Serinus is an international upstream oil and gas exploration and production company with a diversified portfolio of projects in Ukraine, Brunei, Tunisia, Romania and Syria and with a risk profile ranging from exploration in Brunei, Romania and Syria to production and development in Ukraine and Tunisia. In October, the company announced that it has requested arbitration from the International Chamber of … It provides a template for repeatable successes in the region. Serinus Energy develops its projects in Romania and Tunisia. This production can be sustained with low-risk development drilling, with significant growth opportunities over the medium to long term with high-impact near-field exploration within the Company’s additional concession areas. Operations in Tunisia are ramping up after a prolonged period of restricted activity due to the difficult social conditions in the country. Author Nicoleta Banila. Serinus Energy PLC operates as an oil exploration and development company. The minnow will focus on its existing … Serinus Energy Inc. , is pleased to report an update on the Winstar-13 well in Sabria Field in central Tunisia. Serinus Energy plc is an international upstream oil and gas exploration and production company that owns and operates projects in Tunisia and Romania. Serinus, through its wholly owned subsidiary Winstar Tunisia B.V. ("Winstar") holds a 45% working interest in Sabria and … Romania The commissioning of the Moftinu gas plant has proceeded as planned with a 30 June 2019 daily production exit rate of 10.3 million standard cubic feet per day (mmscf/d), with condensate production above expectations and minimal water production within expectations. FOR: SERINUS ENERGY INC. TSX SYMBOL: SEN WARSAW SYMBOL: SEN. CALGARY, ALBERTA--(Marketwired - Jan. 16, 2017) - Serinus Energy Inc. ("Serinus", "SEN" or the "Company") (TSX:SEN) (WARSAW:SEN) announces that it has temporarily shut-in production at the Chouech Es Saida field in Tunisia. Jersey, Channel Islands, 17 December 2020 -- Serinus Energy plc (“Serinus”, or the “Company”) (AIM:SENX, WSE:SEN) is pleased to announce … Voting Results from Extraordinary General Meeting 12/15/2020 Tunisia remains relatively under-explored despite lying within the petroleum-rich Ghadames and Pelagian basins Royalties in Serinus Energy plc’s concessions range from 2-15% In 2016, Serinus, through its Tunisian subsidiary, entered a marketing agreement with Shell International Trading and Shipping Company Limited for the sale of its Tunisian oil production available for international sales. ... KeyFacts Energy: Serinus Energy … Serinus Energy Inc. is an international oil company with operations in Romania and Tunisia. Serinus is an international upstream oil and gas exploration and production company that owns and operates projects in Ukraine, Tunisia, and Romania. Serinus Energy has provided an update on its operations in Romania and Tunisia. Twitter Share on linkedin. Low-cost incremental work programs can provide near-term production growth from existing wells. Serinus Energy plc is an international oil company with operations in Romania and Tunisia. CALGARY, ALBERTA--(Marketwired - July 27, 2015) - Serinus Energy Inc. ("Serinus", "SEN" or the "Company") () is pleased to announce that production has resumed at the Sabria Field in Tunisia. The focus of the Company is to enhance shareholder value by growing oil and gas production through the efficient allocation of capital. This five-year contract benefits Serinus by getting regular crude oil liftings from a large and highly reputable purchaser. Find more news, interviews, share price & company profile here for: Serinus Energy plc. The management of Serinus has extensive experience and a proven track record of prudent oversight in the allocation of shareholder capital. Moderate-risk drilling in proven reservoir but down-dip of lowest-known-oil, V. Higher-risk drilling away from well control and below lowest-known-oil. Romania; Tunisia; Investors. In 2016, Serinus, through its Tunisian subsidiary, entered a marketing agreement with Shell International Trading and Shipping Company Limited for the sale of its Tunisian oil production available for international sales. Heavily covered in recent months has been the topic of oil price, and for Serinus Energy the biggest impact has been felt in Tunisia, where 75 per cent of the company’s production is oil, although as Mr. Elliott explains: “That still only represents about 16 per cent of our overall corporate production, so the effect of the recent drop in oil prices is somewhat muted. The Company is in the process of mobilizing external well services to conduct workovers and replace electrical submersible pumps (“ESPs”) into two of the four producing wells at Chouech Es Saida. These sandstones are proven to be gas- and condensate-bearing within the Chouech Es Saida concession. Thick basin-floor fan sands lie encased within a thick source-rock-bearing shale package. Schematic illustration of the regional structure and stratigraphy that sets up the large stratigraphic trap at Sabria. Increase oil and gas production through the efficient allocation of capital. The Company offers oil and gas production services. Through our large and extensive land base, the Company has identified a significant future opportunity set that provides growth beyond our existing production and development projects. In Romania, gas production at the Moftinu Gas Project commenced on 25 April 2019. The Sabria concession (26,195 gross acres, Serinus 45% WI) comprises a large Ordovician light oil field that provides Serinus with a stable production base from its large reserve base and long reserves life index. Serinus Energy updated the market on its operations in Romania and Tunisia on Thursday, following the start of production at the Moftinu Gas Plant in Romania on 25 April. The Triassic reservoirs of the Chouech Es Saida concession (52,480 acres, Serinus 100% WI) have produced over 9.8 MM BOE to date from the TAGI Formation and continues to represent a stable incremental production base for the Company. Click here to get in touch with Serinus Energy today.
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