Processing Units in Transit to Romania
January 16 2019 - 2:00AM
Serinus Energy plc (“
Serinus”,
“
SEN” or the “
Company”)
(AIM:SENX, WSE:SEN), announces that the Company has confirmed that
the Low Temperature Separation (“LTS”) unit and the Triethylene
Glycol (“TEG”) unit (together, the “Units”) due for
installation at its Moftinu gas plant in Romania have been loaded
onto a freighter and have departed from Halifax, Canada, to
Bremerhaven, Germany. Subject to weather in the Atlantic during
shipment, the Units are expected to arrive in port approximately 6
to 10 days after departure. The Units will then be trucked to
the Moftinu site in Romania for final assembly, testing and
commissioning.
The Company has worked closely with Confind, the
Romanian EPC contractor, to remedy the failure of both the
engineering design contractor and the fabrication sub-contractor to
honour their contractual obligations. It is the Company’s
focus to ensure that the final assembly, testing and commission is
conducted as expeditiously as possible. The Company will
inform the market of the production start-up date once the
delivery, installation and commissioning of the units has been
achieved.
About SerinusSerinus 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
DisclaimerThis 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.
Semco (NYSE:SEN)
Historical Stock Chart
From Sep 2024 to Oct 2024
Semco (NYSE:SEN)
Historical Stock Chart
From Oct 2023 to Oct 2024