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Operational Update Jersey, Channel Islands, 22 December 2020 -- Serinus Energy plc ("Serinus", or the "Company") (AIM:SENX, WSE:SEN) is pleased to provide an operational update. Following the oversubscribed fundraise announced on 26 November 2020, in which the Company raised US$21 million, Serinus has retired all of its outstanding debt.  As at 30 September 2020, average production was 2,415 boe/d and funds from operations for the period was $5.9 million, which combined with a low production expense of $8.96 / boe continues to support positive operating cashflow.  In conjunction with its...

  About Petro Matad Petro Matad is the parent company of a group focussed on oil exploration, as well as future development and production in Mongolia. At the current time, Petro Matad holds 100% working interest and the operatorship of three Production Sharing Contracts with the Government of Mongolia. Block XX has an area of 10,367 square kilometres in the far eastern part of the country, and Blocks IV and V have an area of 29,062 square kilometres and 21,143 square kilometres, respectively, in the central western part of the country. Petro Matad Limited is incorporated in the Isle of Man ...

  About Petro Matad Petro Matad is the parent company of a group focussed on oil exploration, as well as future development and production in Mongolia. At the current time, Petro Matad holds 100% working interest and the operatorship of three Production Sharing Contracts with the Government of Mongolia. Block XX has an area of 10,367 square kilometres in the far eastern part of the country, and Blocks IV and V have an area of 29,062 square kilometres and 21,143 square kilometres, respectively, in the central western part of the country. Petro Matad Limited is incorporated in the Isle of Man ...

  About Petro Matad Petro Matad is the parent company of a group focussed on oil exploration, as well as future development and production in Mongolia. At the current time, Petro Matad holds 100% working interest and the operatorship of three Production Sharing Contracts with the Government of Mongolia. Block XX has an area of 10,367 square kilometres in the far eastern part of the country, and Blocks IV and V have an area of 29,062 square kilometres and 21,143 square kilometres, respectively, in the central western part of the country. Petro Matad Limited is incorporated in the Isle of Man ...

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