Serinus Energy Share Discussion Threads

[howie26] 05/8/2022 20:57

These wellS in the area produce 1000boed which is very profitable in this market.

[thordon] 05/8/2022 20:20

Best no drills for gas then if drilling is negitive

[honestmarty] 04/8/2022 10:48

Any estimates on COS?

And even if they hit gas, with a 3% monthly decline rate it is hard to get excited.

[badger60] 04/8/2022 10:05

News of drilling drops the share price Auld is the big and expensive managerial problem. Let's hope they don't hit a duster (again).

[the chairman elect] 04/8/2022 07:55

Canar-1 Well - Commencement of Drilling

Jersey, Channel Islands, 04 August 2022 - Serinus Energy plc ("Serinus" or the "Company") (AIM:SENX, WSE:SEN), is pleased to announce that the drilling of the Canar-1 exploration well in Romania commenced today (04 August 2022).

The Canar-1 well will be drilled to a depth of 1,600 metres, targeting three prospective hydrocarbon zones. The Canar prospect is located on the northern flank of the Carei Basin, approximately four kilometres to the west of the Company's Moftinu Gas Plant. The Canar-1 exploration well is seeking to discover further hydrocarbons on the migration path from the Carei Basin source kitchen. With success, production from this well will be connected to the Moftinu Gas Plant, utilizing existing plant capacity.

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)

[ddonaldson2] 04/8/2022 07:27

We are off! I was hoping for an estimated time to target depth, but then they would only just go way over so probably best leave it out...

[tnt99] 03/8/2022 17:14

Boosters on must get back to price before consolidation?

[badger60] 27/7/2022 14:00

You'll soon be able to buy them at the price that Auld paid for his shares....9.2p........

[howie26] 24/7/2022 06:28

That’s what they are about to drill 2 exploration wells

[mint1111] 24/7/2022 04:59

My big worry here is the lack of reserves. I would have though that given the depletion rate over the past two years that the company would have already spudded new producing wells before now. We were told by the CEO that reserves were plentiful 19 months ago yet nothing has yet been done to exploit them, apart from the Sancrai duster.

[badger60] 21/7/2022 08:23

If Auld can buy shares at 9.2p....then others should be able to as well. What a shyster!!!!

[badger60] 20/7/2022 10:14

howie26Good to see you on DELT, but imo SENX has much to do to regain investor confidence....... especially Auld. The new issue here was at 20p (2p) 19 months ago it opened at circa 40 p and just collapsed, on the promise of the Sancrai well which was a duster.Auld said nothing for ages until recently...in which time the shares were consolidated and now have lost 75% from their highs, and 50% from their issue price. Imo this man is a crook (buys shares at 9.2p...its never traded that low). Good luck but Delt is a far better bet..

[howie26] 20/7/2022 09:29

I am an oil and gas investor. Within the next few weeks let’s see where it is

[badger60] 20/7/2022 08:51

......can yo explain how Auld bought shares at 9.2p !?!.....Another big reason not to touch this doggy dodo.......

[badger60] 20/7/2022 08:46

GazzaYou should try some Delt....up 25% in a week and it's just starting..........or just stick with this POS and watch Auld having a good time at shareholders expense

[gazza102] 20/7/2022 08:46

Agree with all that. Next six months will be catalyst in oil production. Oil prices are here to stay for a while. Still very undervalued on basic production numbers.

[badger60] 20/7/2022 08:43

MintYou've hit the nail on the head. Senx desperately needs new producing wells which ATM is just all talk with Auld. Still there's more than enough to still pay his 650k pa........

[mint1111] 20/7/2022 08:33

That's why the share price is where it is and it rarely lies
Full year 2020 and 2021 saw a 40% decrease in production. It was only the huge oil and gas price increase that improved the figures. This year's production rate is lower than last year's. If Auld can find gas as per the RNS then things should improve. Until then the existing wells are depleting rapidly.

[gazza102] 20/7/2022 08:26

The pay back on the Wells is very quick as they company have said and that's because they are swallow and therefore quick to drill. Do some research badger or best stick to deltic.

[howie26] 20/7/2022 07:24

Badger. The fact of the matter is it’s capped at £11m and generates operating profit of over $12m a year based on the last quarter.

[badger60] 20/7/2022 07:04

Two big question marks here,imo, firstly Auld's performance as CEO has been pants while paying himself 650k pa and senior management in the 100's of 000's. Secondly the amount of reserves the just are in the ground. If they are dotted around in small amounts, which seems to be the case, is it cost effective to develop them? ...... probably not. Auld isn't going to spend too much as it might bite into the outrageous salary that he pays himself. Another upbeat RNS and do fa will suffice for the next 6 months or so.

[thegreatgeraldo] 19/7/2022 13:13

howie2618 Jul '22 - 21:03 - 1873 of 1873
0 1 0
Looks like Senx is on the uptrend.

..Eh?!!

[howie26] 18/7/2022 21:03

Looks like Senx is on the uptrend. Let’s see do the board deliver on the next drill,,,,the company is way oversold at the moment

[neo26] 14/7/2022 21:11

650k wages for Auld... wtf...

[neo26] 14/7/2022 21:06

How can he justify 650k for a company with mkt cap of 13m..Wtf..