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Operational Update, 22 Dec 2020 01:00 | Shares Magazine

Operational Update Jersey, Channel Islands, 22 December 2020 Serinus Energy plc ( Serinus , or the Company ) (AIM:SENX, WSE:SEN) is pleased to provide an operational update. Following the oversubscribed fundraise announced on 26 November 2020, in which the Company raised US$21 million, Serinus has retired all of its outstanding debt.  As at 30 September 2020, average production was 2,415 boe/d and funds from operations for the period was $5.9 million, which combined with a low production expense of $8.96 / boe continues to support positive operating cashflow.  In conjunction with its debt-free balance sheet, the Company is now able to fully capitalise on a pipeline of identified, near-term opportunities within its existing portfolio of assets.

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Investegate |Serinus Energy PLC Announcements | Serinus Energy PLC: Voting Results from Extraordinary General Meeting

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, f

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