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.
Through their large and extensive land base, the Company has identified a significant future opportunity set that provides growth beyond its existing production and development projects.
The Satu Mare Concession (729,000 gross acres, Serinus deemed 100% WI) is one of the largest exploration blocks in Romania, lying on a prolific oil and gas trend in the Eastern Pannonian Basin. Satu Mare possesses a wealth of different plays that are actively producing along the same trend, including: shallow amplitude-supported gas reservoirs; conventional siliciclastic oil reservoirs; and fractured-basement oil and gas reservoirs. The Moftinu gas field (discovered by Serinus in 2014 ) was brought onto production in April 2019.
The Company currently holds five Tunisia concessions that comprise a diverse portfolio of development and exploration assets.
The Company currently produces oil and gas in Tunisia through its various working interests in two of the five Oil & Gas Concessions. This production can be sustained with low-risk development drilling, with significant growth opportunities over the medium to long term with high-impact near-field exploration within the Company’s additional concession areas.