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Serinus Energy Continues Testing in Ukraine Operations

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Serinus Energy Continues Testing in Ukraine Operations

Serinus Energy Inc. has provided the following update for its operations for the first quarter of 2015.

Outlook

Serinus anticipates $17 million of total capital expenditures for 2015 (SEN WI), unchanged from the guidance given in the January 23, 2015 press release. 

The major items in that program include:

Ukraine - Completion, testing and tie in of the M-22 well (currently underway) Ukraine - field compression for Olgovskoye field (May 2015) Tunisia - Drilling, completion and testing of WIN-13 (currently underway) Tunisia - installation of coiled tubing in ECS-1 (completed) Romania - Completion and testing of Moftinu-1001 (completed) and 1002bis (currently underway)

In addition to the projects listed above, the budget includes ongoing exploration and development activities such as…

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