Serinus Energy plc (LON:SENX, WSE:SEN), has announced that the Moftinu-1008 well was spudded in Romania on 16 January 2021.
Moftinu-1008 is planned to be drilled to a total depth of 1,000 metres and is expected to penetrate five gas-bearing sand formations, three of which are producing zones of the Moftinu-1007 well. Moftinu-1008 is located approximately 1.4 kilometres to the northeast of the Moftinu Gas Plant and if drilling is successful, the well will be completed, tested and brought on-production through a flowline connection to the Moftinu Gas Plant.
The Company and its contractors have worked diligently to ensure that proper protocols are in place to deal with the uncertainty regarding the COVID-19 pandemic and Serinus remains confident the well can be drilled while maintaining safe protocols for all employees and contractors during the drilling programme.
Competent Persons Statement
In accordance with the AIM Rules for Companies, the technical information contained in this announcement has been reviewed and approved by Mr. Andrew O’Donovan, Chief Operating Officer of Serinus Energy plc. Mr. O’Donovan is a qualified person as defined in the London Stock Exchange’s Guidance Note for Mining and Oil and Gas Companies and is a specialist with professional and technical competencies to conduct petroleum operations. Mr. O’Donovan has thirty two years of operational experience both as an exploration geophysicist and as a petroleum engineer. Mr. O’Donovan began his career as a geophysicist with BP plc.
Serinus Energy is an international upstream oil and gas exploration and production company that owns and operates projects in Tunisia and Romania.
