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IN BRIEF: Serinus Energy gains approval for Satu Mare evaluation phase

21st Oct 2021 17:58

Serinus Energy PLC - oil and gas projects in Tunisia and Romania - Gains approval from the National Agency for Mineral Resources in Romania for an additional two-year evaluation phase on the Satu Mare concession in Romania.

New evaluation phase will start on Thursday next week, going on until October 27, 2023.

In phase one, the company will reprocess 160.9 kilometres of 2D seismic in the Madaras area, while the second phase will feature the reprocessing of 30.1 kilometres of 2D seismic in the Santau-Nusfalau area.

Current stock price: 2.15 pence

Year-to-date change: down 33%

By Dayo Laniyan; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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