Serinus Energy plc: TEG Unit Enroute to Moftinu
JERSEY, March 01, 2019 - Serinus Energy plc (“Serinus”, “SEN” or the “Company”) (AIM:SENX, WSE:SEN), is pleased to announce that the final assembly and testing of the Triethylene Glycol Unit (“TEG”) has been completed. The TEG is now being transported from the Confind fabrication yard in Campina, Romania to the Moftinu plant site. The Moftinu site is approximately 550 km from the Confind facility.Once on site the TEG will be reassembled and work will commence to install the unit in preparation for gas production.
The Low Temperature Separation Unit (“LTS”) will be transported to the Moftinu plant site once final assembly and testing is complete.
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) or contact the following:
| Serinus Energy plc Jeffrey Auld, Chief Executive Officer Calvin Brackman, Vice President, External Relations & Strategy | +1-403-264-8877 | |
| Numis Securities Limited (Nominated Adviser and Joint Broker) John Prior Paul Gillam Ben Stoop | +44 (0) 20 7260 1000 | |
| GMP FirstEnergy (Joint Broker) Hugh Sanderson Jonathan Wright | +44 (0) 20 7448 0200 | |
| Camarco (Financial PR) Billy Clegg Owen Roberts | +44 (0) 20 3781 8334 | |
| TBT i Wspólnicy (Financial PR - Warsaw) Piotr Talarek | +48 22 487 53 02 | |
Forward Looking Statement Disclaimer
This news release includes forward looking information and statements within the meaning of securities laws. Such statements relate to the Corporation’s or management’s objectives, projections, estimates, expectations, or predictions of the future and can be identified by words such as “plans”, “assumes”, “will”, “anticipate” and “may” or variations of such words. These statements are based on certain assumptions and analyses by the Corporation that reflect its experience and understanding of future developments. Such statements are subject to a number of uncertainties, including, but not limited to, continued listing on the Warsaw Stock Exchange and AIM, the Corporation’s ability to realize the anticipated benefits of the delisting and other factors identified in the Corporation’s filings with regulatory authorities in Canada. Many of these uncertainties are beyond the Corporation’s control and, therefore, may cause actual actions or results to differ from those expressed or implied herein. The Corporation disclaims any intention or obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise, unless required by law.
Translation: This news release has been translated into Polish from the English original.
