SERINUS ENERGY PLC FINANCIAL
Revenue for the year ended
EBITDA for the year ended
The Company generated net income of
The Company realised a net price of
Realised natural gas price -
The Group's operating netback remained strong for the year ended
Capital expenditures of
Third party reserves report attributes
audited Proved and Probable Reserves of the Company as at
Cash balance as at
OPERATIONAL
Completed the Romanian near-term exploration programme in 2022. Drilled two exploration wells in
reservoirs however quantities did not justify commercial development
The Canar-1 well has been completed for use as a solar powered water injection well. Water from
Moftinu field is being disposed of at Canar-1 resulting in a cost saving of approximately
The second compressor at the Moftinu field was commissioned in
In
commenced at the Sabria field. Plans for additional pumps in the Sabria field are being progressed
Workovers in the Chouech Es Saida field continue the increased production from wells CS-3 and CS-1
Production for the year averaged 889 boe/d, comprising:
About Serinus
Serinus is an international upstream oil and gas exploration and production company that owns and operates projects in
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
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