Serinus Energy PLC Completion of Sabria N-2 Well Workover in Tunisia (5746B)
05 Giugno 2023 - 8:00AM
UK Regulatory
TIDMSENX
RNS Number : 5746B
Serinus Energy PLC
05 June 2023
05 June 2023
Press Release
Completion of Sabria N-2 Well Workover in Tunisia
Jersey, Channel Islands, 05 June 2023- Serinus Energy plc ("
Serinus " or the " Company ") (AIM:SENX, WSE:SEN) is pleased to
announce that the workover operations on the Sabria N-2 well in
Tunisia have been completed. Having successfully removed wellbore
restrictions and recompleted the well, the Company has mobilised
surface testing equipment to the well site to evaluate well
production. Upon completion of the testing program the Company will
make a further announcement with the testing results.
The workover was completed on time and within budget despite 3.5
days non-productive time caused by high winds. The workover was
performed with zero Lost Time Incidents. The Compagnie Tunisienne
de Forage ("CTF") crew performed well, and the CTF-004 rig
experienced no material downtime.
Sabria is a large, conventional oilfield which the Company's
independent reservoir engineers have estimated to have
approximately 445 million barrels of oil equivalent hydrocarbons
originally-in-place, of which only 1.6 % has been produced to
date.
Competent Persons Statement
In accordance with the AIM Rules for Companies, the technical
information contained in this announcement has been reviewed and
approved by Mr. Stuart Morrison, Chief Operating Officer of Serinus
Energy plc. Mr. Morrison is a qualified person as defined in the
London Stock Exchange's Guidance Note for Mining and Oil and Gas
Companies and has the necessary professional and technical
competencies to conduct petroleum operations. Mr. Morrison has a
Bachelor of Science (First Class Honours) Degree in Chemical
Engineering and a Master of Engineering Degree in Petroleum
Engineering, both from Heriot-Watt University, Edinburgh. Mr.
Morrison has over 35 years of oil and gas industry operational
experience in numerous senior management roles.
About Serinus
Serinus is an international upstream oil and gas exploration and
production company that owns and operates projects in Tunisia and
Romania.
For further information, please refer to the Serinus website
(www.serinusenergy.com) or contact the following:
Serinus Energy plc
Jeffrey Auld, Chief Executive Officer
Calvin Brackman, Vice President, External
Relations & Strategy +4 4 204 541 7859
Shore Capital (Nominated Adviser & Broker)
Toby Gibbs
John More
Rachel Goldstein +44 207 408 4090
Camarco (Financial PR - London)
Owen Roberts
Charlotte Hollinshead +44 203 781 8334
TBT i Wspólnicy (Financial PR - Warsaw)
Katarzyna Terej +48 602 214 353
Forward Looking Statement Disclaimer
This release may contain forward-looking statements made as of
the date of this announcement with respect to future activities
that either are not or may not be historical facts. Although the
Company believes that its expectations reflected in the
forward-looking statements are reasonable as of the date hereof,
any potential results suggested by such statements involve risk and
uncertainties and no assurance can be given that actual results
will be consistent with these forward-looking statements. Various
factors that could impair or prevent the Company from completing
the expected activities on its projects include that the Company's
projects experience technical and mechanical problems, there are
changes in product prices, failure to obtain regulatory approvals,
the state of the national or international monetary, oil and gas,
financial , political and economic markets in the jurisdictions
where the Company operates and other risks not anticipated by the
Company or disclosed in the Company's published material. Since
forward-looking statements address future events and conditions, by
their very nature, they involve inherent risks and uncertainties,
and actual results may vary materially from those expressed in the
forward-looking statement. The Company undertakes no obligation to
revise or update any forward-looking statements in this
announcement to reflect events or circumstances after the date of
this announcement, unless required by law.
Translation : This news release has been translated into Polish
from the English original.
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END
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June 05, 2023 02:00 ET (06:00 GMT)
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