Serinus Energy Share Price (SENX)

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Share Name Share Symbol Market Type Share ISIN Share Description
Serinus Energy Plc LSE:SENX London Ordinary Share JE00BNNMKT29 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
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  0.00 0.0% 9.75 23,400 08:00:29
Bid Price Offer Price High Price Low Price Open Price
9.50 10.00 9.76 9.75 9.75
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 29.57 6.54 0.74 11.8 11
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:00 O 10 10.00 GBX
Related Shares
Bp (BP.), Energean (ENOG), Spitfire Oil (SRO), Nautilus Marine Services (NAUT)

Serinus Energy (SENX) Latest News

Serinus Energy News

Date Time Source Headline
28/11/202209:57ALNCNewsSerinus Energy shares drop despite net income surging
28/11/202207:00UKREGSerinus Energy PLC Q3 2022 Results
21/11/202207:00UKREGSerinus Energy PLC Investor Presentation
28/10/202206:00UKREGSerinus Energy PLC Transaction in Own Shares
27/10/202206:00UKREGSerinus Energy PLC Transaction in Own Shares
26/10/202206:00UKREGSerinus Energy PLC Transaction in Own Shares
13/10/202206:00UKREGSerinus Energy PLC Holding(s) in Company
12/10/202206:00UKREGSerinus Energy PLC Transaction in Own Shares
11/10/202206:00UKREGSerinus Energy PLC Transaction in Own Shares
07/10/202206:00UKREGSerinus Energy PLC Transaction in Own Shares
More Serinus Energy News
Serinus Energy Investors    Serinus Energy Takeover Rumours

Serinus Energy (SENX) Discussions and Chat

Serinus Energy Forums and Chat

Date Time Title Posts
29/11/202216:38Serinus Energy Plc2,024
02/9/202207:29Serinus Energy41

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Serinus Energy (SENX) Top Chat Posts

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Posted at 01/12/2022 08:20 by Serinus Energy Daily Update
Serinus Energy Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker SENX. The last closing price for Serinus Energy was 9.75p.
Serinus Energy Plc has a 4 week average price of 9.75p and a 12 week average price of 8p.
The 1 year high share price is 22p while the 1 year low share price is currently 8p.
There are currently 114,066,072 shares in issue and the average daily traded volume is 89,580 shares. The market capitalisation of Serinus Energy Plc is £11,121,442.02.
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Posted at 29/11/2022 16:38 by badger60
Unfortunately for the big players and the little players, shareholders are too far under water to accept a bid at anywhere near these levels.
If SENX has got oil....why can't the 650,000 quid man find it?
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Posted at 29/11/2022 11:42 by badger60
Unfortunately owning SENX shares with Auld running it (into the ground), is like a "frozen" rabbit staring into the headlights of an oncoming truck ....
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Posted at 29/9/2022 09:44 by the chairman elect
SHARE PRICE UP BY NEARLY 22% so yes most probably sh*te as you aka a TROLL post above!
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Posted at 16/8/2022 07:05 by monis
If the drill is succesful, and 'if' is the key word with drilling, with the present price of gas i would guess that the share price could see a huge rise with them being able to link up the new resource to the gas plant which is being used now.
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Posted at 15/8/2022 12:40 by monis
Canar-1 exploration well commenced drilling on 4 August 2022
-- Canar-1 will be drilled to 1,600 metres, targeting three prospective hydrocarbon zones and with success will be connected to the Moftinu gas plant, utilising current plant capacity

-- Immediately upon completion of the drilling of Canar-1, the rig will be moved to the Moftinu Nord-1 location and will commence drilling of the Moftinu Nord-1 exploration well

-- Moftinu Nord-1 will be drilled to a depth of 1,000 metres and will target a field similar to the Moftinu gas field. Moftinu Nord-1 is approximately five kilometres to the north of the Moftinu gas development project

-- Management estimates 181 million barrels of mean unrisked resource are present within the Satu Mare concession area

-- The Company has initiated a geological and geophysical review of the Satu Mare concession to high rank the 181 million barrels of oil equivalent prospects



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With the present price of oil and gas the share price will look very cheap at this price if they have a decent drilling campaign imo.
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Posted at 07/7/2022 08:55 by badger60
I see dave4545 is crying into his SENX shareholding after watching the share price crumble and banning bearish views from his thread. Sell up mate, Auld will suck it dry while there's still enough to pay him and his mates the millions that they pay themselves for doing sweet FA.
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Posted at 02/6/2022 08:03 by trader4ever
As long as JA is in place, this company and share price will not move upward. He does not have the ability to manage things. His incompetency has destroyed share price so far.
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Posted at 13/5/2022 21:07 by redroobbo
From shareprophets I recently covered Serinus Energy (SENX) as a speculative buy based on the likelihood that the results for the first quarter would be good and the company would have benefitted from high commodity prices and fairly low Capex. So here is the apology.Unfortunately, although those results did indeed show strong revenue and profit – as compared to the loss it had been making – they also showed that production had declined significantly at its Romanian operations as a result of that limited capital spend.That has caused the share price to slump to around 1.45p on the bid, as compared to the 1.7p level that I tipped it at, and the wider market conditions won't exactly have helped either, with the FTSE down over 2% at one point yesterday and lots of shares taking big hits, especially in the commodities sector.Although I'm certainly not happy about the results, I'm not necessarily in any rush to sell the shares that I hold, and for anyone who did buy at around that 1.7p level, I'd see a reasonable chance of at least getting your money back in the near term – the shares actually opened at 1.7p on the bid yesterday, so the chance was there to get out at breakeven anyway if you didn't like what you were reading in the quarterlies.The big problem – as I mentioned in my last piece – with this company has always been the rate of decline at its wells, and particularly at its Sabria gas field in Romania, and the amount of Capex that has been required in the past even just to keep output stable.That is still very much the case, as the company only produced a total of 1,115boepd during Q1 of this year, as compared to an average of 1,649boepd during 2021, which of course is disappointing, and virtually all of that decline came from Romania with just 610boepd versus 1,078boepd last year. Although Capex was much lower than the same quarter in 2021 - $1.5 million in total versus $3.5 million – Serinus still spent $1.3 million in Romania during the three month period.Work in Romania should accelerate during the second half of the year – although that will of course come at a cost – as rigs become available to a workover and pump installation at Sabria W-1, as part of the artificial lift programme, followed by a workover and recompletion of the Sabria N-2 well. The company really needs this to be a big success and to actually increase production, as opposed to just stopping the decline.Despite the production problems though, the financial performance was actually pretty reasonable as it achieved revenue of $13.4 million up to the end of March, resulting in EBITDA of $3.1 million and a net profit of $1 million – versus a $1 million loss in Q1 2021.What was disappointing to see though was that cash in the bank dropped from $8.4 million to $6.2 million, which I wasn't expecting to see given the fairly limited Capex spend.The company should certainly have been able to take more of an advantage of the very high oil and gas prices, given that it achieved an average realised net price of $184.57/boe, and with an average netback of $148.88/boe. In terms of the income and profit generated, it is also worth noting that the company lifted 42,000 barrels of oil from its Tunisian storage facilities during April, which had previously been produced, and that was sold for $104.79/barrel, with that $4.4 million or so of revenue being recognised in the next quarterly results.Even at current production levels, and assuming oil and gas prices were to stay high, the company would still make a decent net profit for the year, compared to its market cap and given that many of its similar sized peers make a loss, and should have enough cash for the work that it has planned, but at the same time I also wouldn't be expecting any sort of cash build to occur whilst production is so low and it is having to spend money to try and rectify that. So, taking all of that into account, and whilst I'm far from impressed with what the company managed to achieve and wouldn't necessarily be rushing to buy in here or to add shares to my small position, I also don't see any good reason to dump them in a panic either at the current share price and given that the market cap here is just £17 million, but I'd certainly consider exiting if the share price was to bounce back and staying on the sidelines until it can prove that it is able to offset decline whilst managing to build its net cash position at the same time.
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Posted at 12/5/2022 09:49 by the chairman elect
They were indeed exceptional results but there are other reasons for the share price fall as other posters have already eluded to tta2

And by the way I never said in any of my posts what the share price reaction would be!
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Posted at 03/5/2022 15:11 by redroobbo
Buy Serinus Energy ahead of the quarterly results, which should show substantial cash build
By Gary Newman | Tuesday 3 May 2022

Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Serinus Energy (SENX) shares have performed pretty badly, considering that oil and gas is currently in a bull market, but I believe that the next set of operational and financial results could be a turning point for investors.

Unlike many of the small AIM listed companies in this sector, Serinus actually produces oil and gas already, and has operations in Romania and Tunisia, as well as a decent amount of cash in the bank, but the issue always seems to have been the amounts of capital that it has to spend in order to sustain production rates – during 2021 it spent $10.1 million.

Last year it averaged 1,649 boepd between its two operations, and although the bulk of that - 1,078 boepd - came from Romania, the assets in Tunisia produced 571 boepd and there is the potential for improvements there, with a workover and pump installation at Sabria W-1, and more to follow as work is completed at other existing wells within this field.

When you consider that there is an estimated 445 million barrels of oil equivalent resources at Sabria, and only 1% of that has been produced so far, it certainly suggests that there is upside potential, and especially at current oil and gas prices. At least some of that is also likely to come in the near term with a re-entry of the N2 well planned imminently and as long as all goes well – the well was damaged when originally drilled back in 1980, so a workover is being carried out to open up the well bore – then that should be in production during the middle part of this year.

In Romania, work has also been ongoing at its Moftinu gas field, with compressors already having been installed at two of its four existing producing wells, and it has also been benefitting from much stronger gas prices on the local market – it averaged $11.45/mcf for the whole of 2021, but during Q4 prices had risen significantly and averaged $31.58/mcf, and that trend has continued so far in 2022.

One of the problems with this company is that its operations have always looked promising but have generally failed to live up to expectations, and once you stripped out the Capex being spent to maintain production, then financially it always looked far less impressive than the headline figures would suggest – although for 2021 it did record a net profit of almost $6 million, all of that actually came from the reversal of a previous provision and it would barely have broken even on its ongoing operations.

The management has never looked particularly aligned with shareholders either, and seem to have done quite well for themselves regardless of how the company has performed, both in terms of directors fees and also the award of shares under the incentives plan. That still hasn’t changed, and probably won’t, with the CEO Jeffrey Auld having just been awarded more than 3.5 million shares, and a further 2 million or so going to the CFO.

Despite all of the past issues though, I do believe that the current market cap of £19 million, at a share price of around 1.7p, is too cheap, and especially when you consider that it ended the year with $8.4 million in the bank – although it is worth noting that will all be used, and more, to cover the expected work programme for the current year.

It also has a decent amount of reserves, with 7.77mmboe of 2P, of which 3.79mmboe is 1P, for its Tunisia operations; and an additional 860,000boe of 2P, with 522,000boe of 1P, in Romania.

The results for Q1 are due at any time, judging by last year, and I would expect that the market will like them, as they should show a substantial amount of cash build, given the realised oil and gas prices during those three months, along with the fact that the company will have had little in the way of Capex.

On that basis alone, I definitely think that it is worth buying in ahead of these results, and then in terms of a longer term hold, it will all come down to just how well the company performed in terms of net free cash flow, and assessing how much of that will go into the coffers once you strip out Capex on an annualised basis.

I am holding myself for these results, and will then once I see the actual figures I will decide whether to carry on holding or whether to treat it as just a shorter term trade and cash in on any spike in share price that comes after the quarterlies are announced.

That will all come down to whether or not the figures make me believe that it can generate decent amounts of cash flow after Capex, and that it isn’t all being spent just to keep production at a stable level – if it is all having to be spent sustaining production, and given current oil and gas price levels, then I would find it hard to remain invested as it would suggest that shareholders are never likely to see much of a return, in terms of excess cash being distributed to them, or being sufficient to actually substantially increase production and keep it at higher levels.

For now though, I’m happy to remain invested and see what impact commodity prices have had, and it could potentially see a decent share price rise in the coming weeks if the market likes the results
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