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IN BRIEF: Serinus Energy commences drilling of Canar-1 well

4th Aug 2022 17:55

Serinus Energy PLC - Jersey-based upstream oil and gas exploration and production company - Drilling of the Canar-1 exploration well in Romania commences, with the target of drilling to a depth of 1,600 metres, aiming for three prospective hydrocarbon zones. With success, production from the well will be connected to the Moftinu gas plant.

Current stock price: 11.00 pence, down 5.2% on Thursday

12-month change: down 55%

By Dayo Laniyan; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.


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