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Serinus Energy Testing Gas Prospects in Romania

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Serinus Energy Testing Gas Prospects in Romania

Serinus Energy Inc., has provided the following update on its upcoming two well drilling program in the Satu Mare licence in northwest Romania.

The Company has entered into a contract with Tacrom Drilling SRL, which will provide its Rig #3 for the program. The first well, Moftinu-1001, is expected to spud on or about November 8th, pending the rig's release from its current job. Moftinu-1001 will be followed immediately by Moftinu-1002bis. The two wells are expected to take approximately 45 days in aggregate to drill and case, including time for the rig move between the two locations. Each will test seismically-defined gas prospects at depths of approximately 1,800 - 2,000 metres. Pending success, completion and testing of both wells is anticipated during Q1 2015. The wells are operated by…

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