Serinus Energy – Moftinu – 1003 Well Spudded

Serinus Energy plc (“Serinus”, “SEN” or the “Company”) (AIM:SENX, WSE:SEN), is pleased to announce that the Moftinu – 1003 well was spudded in Romania at noon Eastern European Time (“EET”). The planned total depth of the well is 1,600 metres and the drilling to total depth is estimated to take approximately four weeks. The well is targeting to penetrate all of the commercial gas-bearing sand formations that were present in the Moftinu – 1007 well. Assuming successful conclusion of the drilling operations, the well will be completed, tested and made ready for production through a tie-in to the Moftinu gas plant. As with the Moftinu – 1007 well, the Moftinu – 1003 well will part-satisfy the work commitment required for the three-year Satu Mare licence extension to October 28, 2019. (serinusenergy.com, August 6^th)