Serinus Tunisia Update
(Thomson Reuters ONE) -
CALGARY, Alberta, Aug. 28, 2017 (GLOBE NEWSWIRE) -- Serinus Energy Inc.
("Serinus", "SEN" or the "Company") (TSX:SEN)(WARSAW:SEN) provides an update on
its operations in Tunisia. The Company has been informed by Entreprise
Tunisienne D'Activites Petrolieres ("ETAP") that the protests in the Kebili and
Tataouine Governate regions have ended. This was further corroborated by news
articles from Tunisia announcing the end of the protests.
The continued protests in the southern region were over jobs and development
that blocked all oil field activities to the southern oilfields of Tunisia,
including the Company's Sabria field.
While the end of the protests is a critical and positive first step in the
Company's goal of resuming oil and gas production in Tunisia, the Company will
continue its dialogue with the Government of Tunisia and our partner in the
Sabria field ETAP to determine that the Company can resume production at its oil
fields in a safe and secure environment with sufficient comfort that there will
be no further production disruptions for the foreseeable future. As well, the
Company has had no discussions with or notifications from the Ministry of Energy
or the Ministry of Social Affairs as to what terms were offered to conclude the
protests. Serinus has made no further commitments with regard to any additional
employment or social contributions, and has been transparent in its discussions
with the government and ETAP that we will continue to work with our partner and
stakeholders to preserve the economic returns under current difficult market
conditions.
The Company will update the market with regard to the progress of the resumption
of production in Tunisia in due course
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 Inc. Serinus Energy Inc.
Calvin Brackman Jeffrey Auld
Director, External Relations Chief Executive Officer
Tel.: +1-403-264-8877 Tel.: +1-403-264-8877
cbrackman(at)serinusenergy.com jauld(at)serinusenergy.com
Translation: This news release has been translated into Polish from the English
original.
Forward-looking Statements This release may contain forward-looking statements
made as of the date of this announcement with respect to future activities that
either are not or may not be historical facts. Although the Company believes
that its expectations reflected in the forward-looking statements are reasonable
as of the date hereof, any potential results suggested by such statements
involve risk and uncertainties and no assurance can be given that actual results
will be consistent with these forward-looking statements. Various factors that
could impair or prevent the Company from completing the expected activities on
its projects include that the Company's projects experience technical and
mechanical problems, there are changes in product prices, failure to obtain
regulatory approvals, the state of the national or international monetary, oil
and gas, financial, political and economic markets in the jurisdictions where
the Company operates and other risks not anticipated by the Company or disclosed
in the Company's published material. Since forward-looking statements address
future events and conditions, by their very nature, they involve inherent risks
and uncertainties and actual results may vary materially from those expressed in
the forward-looking statement. The Company undertakes no obligation to revise or
update any forward-looking statements in this announcement to reflect events or
circumstances after the date of this announcement, unless required by law.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Serinus Energy Inc. via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 28.08.2017 - 15:00 Uhr
Sprache: Deutsch
News-ID 557972
Anzahl Zeichen: 4795
contact information:
Town:
Calgary
Kategorie:
Business News
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Die Pressemitteilung mit dem Titel:
"Serinus Tunisia Update"
steht unter der journalistisch-redaktionellen Verantwortung von
Serinus Energy Inc. (Nachricht senden)
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