Jersey, Channel Islands, September 13, 2019 — Serinus Energy Plc (“Serinus”, “SEN” or the “Company”) (AIM:SENX, WSE:SEN) is pleased to announce that it has made the final payment of US$2.7 million, plus accrued interest, on the EBRD Senior Loan Facility.
The details of this Facility are set out in the Company’s Half-Year Report and Accounts 2019 released on 14 August 2019. It is now fully repaid and retired.
Commenting, Chief Executive Officer. Jeffrey Auld said “I am delighted that we have made this payment, which puts us on a firmer financial footing as we continue to progress production at our key projects in Romania and Tunisia. We look forward to providing further updates to shareholders over the coming months.”
Additionally, the Company announces that the probation period of its Chief Operating Officer has ended, and the contract will not be renewed.
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)
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