Serinus shares rise on double-digit jump in interim revenue

Serinus Energy PLC on Monday reported a double-digit rise in interim revenue as average realised oil prices increased significantly.

For the six months that ended on June 30, the Jersey-based upstream oil and gas exploration and production company said revenue was USD29.3 million, up 84% from USD15.9 million a year earlier.

Serinus said the average realised price rose sharply to USD154.83 per barrel of oil equivalent, from USD43.83 a year earlier.

Serinus Energy plc (LON:SENX) is an international oil company with operations in Romania and Tunisia. The focus of the Company is to enhance shareholder value by growing oil and gas production through the efficient allocation of capital.

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