Serinus Energy (GB:SENX) has released an update.
Serinus Energy plc reported a decline in 2023 annual financial results, with revenue dropping to $17.9 million from $49.3 million in 2022, and EBITDA falling to $2.1 million from $12.7 million the previous year. The company faced challenges including a $7.0 million impairment of Romanian assets due to depletion and decreased netback values due to lower commodity prices and production. Despite these setbacks, operational activities continue, with improvements in Tunisian production and plans for further development and optimization of assets.
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