Serinus Energy PLC Participation in Onshore Angola Licence Round (5919A)
23 Enero 2024 - 1:00AM
UK Regulatory
TIDMSENX
RNS Number : 5919A
Serinus Energy PLC
23 January 2024
23 January 2024
Press Release
Participation in Onshore Angola Licence Round
Jersey, Channel Islands, 23 January 2024 -- Serinus Energy plc
("Serinus" or the "Company") (AIM:SENX, WSE:SEN) notes that it has
been selected as a preferred bidder on the KON-13 block in the
onshore Kwanza basin in the Republic of Angola. Formal notification
of this preferred bidder status is expected to be received from the
Agência Nacional De Petróleo, Gás E Biocombustíveis ("ANPG") in the
coming days.
In November 2023, the Company submitted proposals to participate
as operator on two blocks in the Kwanza basin onshore Angola. The
Kwanza basin is a large proven hydrocarbon basin extending over
25,000 km(2) . The basin has existing oil discoveries dating back
over seventy years. The Company was awarded preferred bidder status
on one concession area, KON-13. The KON-13 block has an aerial
extent of 1,011 km(2) with one exploration well drilled in 1969 and
136 km of legacy 2D seismic.
The Kwanza basin is located both on and offshore in Angola. It
extends from Luanda, located in the north, to Cape Santa Maria
farther south. The Company sees this basin as an under-explored and
under exploited basin. Activity in the basin was halted for the
duration of the Angolan Civil War and the Company sees this basin
as attractive for further exploration and development
activities.
Serinus has been selected as the preferred operator of the
KON-13 block with an allocated working interest of 55%. The
selected non-operator partners for the Company are Effimax Energy
(30% working interest), and Sonangol (Angola's national oil company
with 15% working interest). The Company and its partners will
engage with ANPG to negotiate the licence terms on the Block. These
negotiations are expected to be carried out over the next several
months.
The Company will provide further details regarding the licence
terms in due course.
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 plc
Jeffrey Auld, Chief Executive Officer
Calvin Brackman, Vice President, External
Relations & Strategy +4 4 204 541 7859
Shore Capital (Nominated Adviser & Broker)
Toby Gibbs
Lucy Bowden +44 207 408 4090
Camarco (Financial PR - London)
Owen Roberts +44 203 781 8334
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.
Translation : This news release has been translated into Polish
from the English original.
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END
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(END) Dow Jones Newswires
January 23, 2024 02:00 ET (07:00 GMT)
Serinus Energy (LSE:SENX)
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