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Serinus Energy Reiterates 2015 Capex

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Serinus Energy Reiterates 2015 Capex

Serinus Energy Inc. has provided an update for its operations for the third quarter of 2015.

Outlook

Serinus anticipates $17 million of total capital expenditures for 2015 (SEN WI), unchanged from the guidance given in prior press releases this year.

The major items in that program include:

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

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

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