Serinus Energy Inc. provided an update for operations for the month of October and third quarter of 2015. For the quarter, average corporate production was approximately 4,078 boe/d (SEN WI), representing a 2% increase from 3,993 boe/d in the second quarter. The primary cause for the increase was the restoration of production at the Sabria Field after being shut in due to protests from late May to late July. Serinus' working interest production from Tunisia for third quarter was 1,343 boe/d, 11% higher than the 1,206 boe/d in second quarter. Oil averaged 1,053 bbl/d, and gas was 1.7 MMcf/d. The increase was due substantially to the return of the Sabria Field, and the resolution of operational issues with STEG (the national gas utility and transmission utility) related to high ambient temperatures in late June which limited gas sales from Chouech Es Saida.

Average production for October to date has been 3,795 boe/d. Production for October to date has averaged 1,120 boe/d. The WIN-12bis well, which was producing over 1,000 boe/d (450 boe/d SEN WI), is currently shut-in and undergoing remedial work to remove blockage in the production tubing. Estimated realized prices in Tunisia during the quarter were $51.31/bbl and $7.93/Mcf. There were two tanker lifts of oil during third quarter of 2015.

The company anticipates $17 million of total capital expenditures for 2015 (SEN WI), unchanged from the guidance given in prior press releases this year.