Rompetrol is withdrawing from the Satu Mare operating agreement and is assigning its 40% interest to Serinus. As a result, Serinus holds an effective 100% working interest in Satu Mare. Serinus has signed the Addendum for the 3-year extension approval to the exploration period of the concession agreement from the National Agency for Mineral Resources (NAMR). The new work programme includes a commitment to drill two wells and, as per the Company's choice, either acquire 120 km2 of new 3D seismic ....
