10th Oct 2019 11:31
(Alliance News) - Serinus Energy PLC on Thursday reported solid progress in operations in Romania and Tunisia, especially the latter.
Serinus, as previously announced, restarted production from four wells on Tunisia's Chouech Es Saida field in August, after being shut-in early in 2017.
Oil production from the wells is rising, Serinus said, as water in the wells diminishes. The company is "pleased" with progress to date and expects the wells to reach full production capacity soon.
In Romania, performance at the Moftinu gas plant, which began production in April, has been as expected. The plant will begin "routine" maintenance on Monday next week meaning it will be offline for a week.
Shares in Serinus were untraded on Thursday morning in London at a price of 8.20 pence each.
By George Collard; [email protected]
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