TIDMSENX

RNS Number : 2437O

Serinus Energy PLC

07 October 2021

07 October 2021

Press Release

Incorporation of New Gas Trading Subsidiary

Jersey, Channel Islands, 07 October 2021 -- Serinus Energy plc ("Serinus" or the "Company") (AIM:SENX, WSE:SEN) announces that it has incorporated a new gas trading subsidiary, Serinus Energy Romania Trading S.r.l. The subsidiary will initially trade the Company's Romanian gas production not committed under its marketing agreement with Vitol into the Romanian market. Serinus Energy Romania Trading S.r.l has been created to allow our licenced gas traders to directly access the Romanian gas market and to capture the full value of gas prices in Romania. Serinus Energy Romania Trading S.r.l will be fully licenced by the Autoritatea Nationala de Regemenatre in domeniul Energiei ("ANRE"), the Romanian energy regulator, and is able to trade Serinus' gas production as well as third-party gas.

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 
  Andrew Fairclough, Chief Financial Officer 
  Calvin Brackman, Vice President, External 
  Relations & Strategy                           +4 4 204 541 7859 
 
 A rden Partners plc (Nominated Adviser & 
  Joint Broker) 
  Paul Shackleton (Corporate Finance) 
  Tim Dainton (Equity Sales)                      +44 207 614 5900 
 Shore Capital Stockbrokers Limited (Joint 
  Broker) 
  Toby Gibbs / John More (Corporate Advisory) 
  Jerry Keen (Corporate Broking)                  +44 207 408 4090 
 
 Camarco (Financial PR - London) 
  Owen Roberts 
  Phoebe Pugh                                     +44 203 781 8334 
 
 TBT i Wspólnicy (Financial PR - Warsaw) 
  Katarzyna Terej                                  +48 602 214 353

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCUNOORAVURRAA

(END) Dow Jones Newswires

October 07, 2021 02:00 ET (06:00 GMT)

Serinus Energy (LSE:SENX)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024 Haga Click aquí para más Gráficas Serinus Energy.
Serinus Energy (LSE:SENX)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024 Haga Click aquí para más Gráficas Serinus Energy.