Serinus Energy Increasing production, increasing cashflow (Interview)

Serinus Energy plc (LON:SENX) CEO Jeffrey Auld joins DirectorsTalk to discuss the successful raise of $21m. Jeffrey explains what the proceeds will be used for, provides further details around the EBRD deal terms, what this means for the company and how it now affects the longer term plans for the company.

Serinus Energy is a low-cost onshore oil and gas producer with producing assets in Romania and Tunisia.  The current management has worked to reduce the per barrel of oil equivalent cost base from USD22.81/boe in 2016 to USD8.96/boe in the nine months to 30 September of 2020.

The Company has increased annual average production from 379 boe/d in 2017 to 2,415 boe/d in the nine months to 30 September 2020.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

More articles like this

Global oil demand to rise

Global oil demand is expected to rise by nearly 7% this year, boosted by quicker vaccine distribution and a better economic outlook, consultancy Wood Mackenzie said on Thursday. Total liquids demand is expected to average 96.7 million barrels

Oil price rises on expectations of US stimulus package

Oil prices shook off the risk-off trade on Monday and rose early on Tuesday, amid expectations that U.S. Treasury Secretary nominee Janet Yellen will push for a large relief package to support the U.S. economic recovery. As of

Serinus Energy’s Moftinu-1008 well spudded

Serinus Energy plc (LON:SENX) has announced that the Moftinu-1008 well was spudded in Romania on 16 January 2021.   Moftinu-1008 is planned to be drilled to a total depth of 1,000 metres and is expected to penetrate five

Oil rises as perfect storm of events hit the market

As the oil prices, and especially WTI, rose on Thursday as a result of the promised Saudi production cuts, falling crude inventories and political turmoil in the USA, Rystad Energy’s head of oil markets Bjornar Tonhaugen has analysed

2021 should be very busy year for Serinus Energy

Serinus Energy plc recently released an operational update, reporting on the progress of the company’s various work programmes on its assets in Romania and Tunisia. Daniel Slater, Analyst at Arden Partners noted that all of the work programs

Oil touches multi-month highs

Oil prices touched multi-month highs on Monday on expectations OPEC and allied producers will hold off on increasing output in February and on hopes that vaccines may curb the spread of the novel coronavirus and drive an economic

Natural gas prices edge higher

Natural gas prices edged higher but remain rangebound and continue to consolidate. The weather is expected to warmer than normal for the next 2-weeks throughout most of the mid-west and the east coast reducing heating demand. The EIA