Serinus Energy PLC Processing Units in Transit to Romania (1956N)
January 16 2019 - 1:00AM
UK Regulatory
TIDMSENX
RNS Number : 1956N
Serinus Energy PLC
16 January 2019
SERINUS ENERGY PLC
Processing Units in Transit to Romania
Jersey, Channel Islands, January 16, 2019 -- 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 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 plc +1-403-264-8877
Jeffrey Auld, Chief Executive Officer
Calvin Brackman, Vice President, External Relations &
Strategy
Numis Securities Limited +44 (0) 20 7260 1000
(Nominated Adviser and Joint Broker)
John Prior
Paul Gillam
Ben Stoop
GMP FirstEnergy +44 (0) 20 7448 0200
(Joint Broker)
Hugh Sanderson
Jonathan Wright
Camarco +44 (0) 20 3781 8334
(Financial PR - London)
Billy Clegg
Owen Roberts
TBT i Wspólnicy +48 22 487 53 02
(Financial PR - Warsaw)
Piotr Talarek
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 information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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