Serinus Energy Inc. (“Serinus”, “SEN” or the “Company”) (TSX:SEN, WSE:SEN) provides an update on its operations in Tunisia. The Company has initiated the restart of oil and gas production at the Sabria field in Tunisia, having determined that production at its oil fields can be restarted in a safe and secure environment with sufficient comfort that there will be no further production disruptions for the foreseeable future. For the Chouech Es Saida field, the Company is evaluating the restart cost of the field including the timing and costs to replace the electrical submersible pump for the CS-3 Well. The Company will keep the market apprised as to when it expects to bring the Chouech Es Saida field back on production.
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 Inc.
Calvin Brackman Vice President, External Relations & Strategy Tel.: +1-403-264-8877 |
Serinus Energy Inc.
Jeffrey Auld Chief Executive Officer Tel.: +1-403-264-8877 |
Translation: This news release has been translated into Polish from the English original.
Forward-looking Statements 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.