Serinus Energy (GB:SENX) has released an update.
Serinus Energy reports modest financial performance for Q1 2024 with revenues of $4.6 million, a slight decrease from the previous year’s $4.9 million, and a net loss reduction to $0.5 million from $1.3 million. The company saw a lower operating netback due to decreased production in Romania and falling natural gas prices, with overall production averaging 635 boe/d. Despite operational challenges, Serinus Energy continues to progress with its artificial lift program in Tunisia and has received $3.2 million from crude oil lifting in March.
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