Latest News Proven Performance with Room to Run FirstEnergy Capital Global Energy Conference, September 2014
Corporate Snapshot Assets Makeevskoye 12 Licences/permits/concessions in 4 countries Olgovskoye Krutogorovskoye Serinus operates all its properties Vergunskoye N. Makeevskoye Reserves and Production UKRAINE Reserves1: 2P: 20.6…
Ukraine Success Applying Modern Practices Acquired 70% of KUB-Gas LLC1 in June 2010 5 operated licences in the prolific Dnieper Donets Basin Excellent commodity prices and good netbacks Development and Exploration upside Post…
Ukraine: Has Been A Great Investment Serinus purchased its 70% interest in KUB-Gas LLC for 45 million in June 2010 Gross capital investment has been 116 million. First 21 million funded by EBRD Gross Cash Flow Q3/10 Q2/14 Cash Flow…
Tunisia Our Next Opportunity Acquired Winstar Resources in June 2013 5 concessions throughout Tunisia, all operated, 100% WI except for Sabria (45%) Production of 1,311 boe/d (Q2 2014) 2P and 3P Reserves of 11.5 MMboe and 23.9…
Romania: Exploration Upside Highlights Satu Mare Acquired as part of Winstar purchase Licence in 2013 765,000 acres onshore Romania on trend with discovered oil / gas fields 60% working interest in licence, Serinus Romania…