6th Aug 2018 12:17
LONDON (Alliance News) - Serinus Energy PLC said Monday it spud the Moftinu 1003 well in Romania.
The company said the well's total depth will be 1,600 metres, and the drilling process will take four weeks.
"Assuming successful conclusion of the drilling operations, the well will be completed, tested and made ready for production through a tie-in to the Moftinu gas plant," the company explained.
Serinus Energy shares were untraded at 15 pence on Monday.
Related Shares:
Serinus Energy