Serinus started producing its first commercial gas in Romania in April 2019 from the Moftinu gas field. Production from the field has grown to 10.5 mmcf/d in July 2019. We expect production will stabilised around 11 mmcf/d at which rate we estimate the field will generate cashflow per annum of $12.8M. The company intends to grow near-term oil production in Tunisia by investing modestly in workovers and artificial lift. From 352 boe/d in 2018, we forecast production from Tunisia will grow to 860 ....
09 Sep 2019
The turn-around has begun
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Serinus Energy plc (SENX:LON) | 3.0 0 0.0% | Mkt Cap: 3.38m
- Published:
09 Sep 2019 -
Author:
Brendan Long -
Pages:
50
Serinus started producing its first commercial gas in Romania in April 2019 from the Moftinu gas field. Production from the field has grown to 10.5 mmcf/d in July 2019. We expect production will stabilised around 11 mmcf/d at which rate we estimate the field will generate cashflow per annum of $12.8M. The company intends to grow near-term oil production in Tunisia by investing modestly in workovers and artificial lift. From 352 boe/d in 2018, we forecast production from Tunisia will grow to 860 ....