Serinus Appoints Helmut J. Langanger as Chairman & Reports Voting Results from
NEWS RELEASE TRANSMITTED BY Marketwired
FOR: Serinus Energy Inc.
TSX SYMBOL: SEN
MAY 15, 2014
Serinus Appoints Helmut J. Langanger as Chairman & Reports Voting Results
CALGARY, ALBERTA--(Marketwired - May 15, 2014) - Serinus Energy Inc.
("Serinus", "SEN" or the "Company")
(TSX:SEN)(WARSAW:SEN) is pleased to report that at its annual meeting of
shareholders ("AGM") held on May 14, 2014, each of the nominees
proposed as directors in its Proxy Statement and Information Circular dated
April 16, 2014 were elected as directors of the Company.
Appointment of New Chairman
Serinus is also pleased to announce that Helmut J. Langanger has been appointed
as the Chairman of the Company, replacing Dariusz Mioduski who retired from the
board at the AGM.
Mr. Langanger is a Petroleum Engineer with 40 years of experience in the energy
industry. He began his career with OMV AG, where he worked from 1974 to 2010,
rising to the positions of Group Executive Vice President E&P, a member of
the Executive Board, and Managing Director Upstream. OMV, the largest oil
company in Central and Eastern Europe, is listed on the Vienna Stock Exchange.
During Mr. Langanger's term as Managing Director from 2002 until his
retirement in 2010, OMV increased their production from 80,000 to 320,000
barrels of oil equivalent per day. Mr. Langanger has been a director of Serinus
since November 2011 and Chairman of the Serinus Reserves Committee since March
2012. He is also a director of Schoeller Bleckmann Oilfield Equipment A.G.
(Austria), Enquest plc, an independent UK-based petroleum exploration and
production company working mainly in the UK Continental Shelf, and MND as, the
largest oil and gas producing company in the Czech Republic. Mr. Langanger
holds a M.Sc. in Petroleum Engineering from the Mining University of Leoben,
Austria, and an M.A. from the University of Vienna.
The results of the vote for directors are as follows:
Votes For Votes Withheld
Number Percent (%) Number Percent (%)
Stephen C. Akerfeldt 49,560,632 99.97 13,774 0.03
Timothy M. Elliott 49,562,635 99.98 11,771 0.02
Norman W. Holton 49,560,142 99.97 14,264 0.03
Evgenij Iorich 49,560,877 99.97 13,529 0.03
Gary R. King 49,563,125 99.98 11,281 0.02
Sebastian Kulczyk 49,560,330 99.97 14,076 0.03
Helmut J. Langanger 49,563,080 99.98 11,326 0.02
Manoj N. Madnani 49,545,766 99.94 28,640 0.06
Michael A. McVea 49,560,587 99.97 13,819 0.03
For complete voting results, please see our Report of Voting Results available
through SEDAR at www.sedar.com.
Serinus is an international upstream oil and gas exploration and production
company with a diversified portfolio of projects in Ukraine, Brunei, Tunisia,
Romania and Syria and with a risk profile ranging from exploration in Brunei,
Romania and Syria to production and development in Ukraine and Tunisia. The
common shares of the Company trade under trading symbol "SEN" on both
the WSE (Warsaw Stock Exchange) and the TSX.
In Ukraine, Serinus owns an effective 70% interest in KUB-Gas LLC through its
70% shareholding of KUBGas Holdings Limited. The assets of KUB-Gas LLC consist
of 100% interests in five licences near to the City of Lugansk in the northeast
part of Ukraine. Four of the licences are gas producing.
In Tunisia, Serinus owns a 100% working interest in the Chouech Essaida, Ech
Chouech, Sanrhar and Zinnia concessions, and a 45% working interest in the
Sabria concession. Four of the concessions are currently producing oil or gas.
In Brunei, Serinus owns a 90% working interest in a production sharing
agreement which gives the Company the right to explore for and produce oil and
natural gas from Block L.
In Romania, Serinus has an undivided 60% working interest in the onshore Satu
Mare concession, a 2,949 square kilometre exploration and development block, in
north western Romania.
In Syria, Serinus holds a participating interest of 50% in the Syria Block 9
production sharing contract which provides the right to explore for and, upon
the satisfaction of certain conditions, to produce oil and gas from Block 9, a
10,032 square kilometre area in northwest Syria. The Company has an agreement
to assign a 5% ownership interest to a third party which is subject to the
approval of Syrian authorities, and which, if approved, would leave the Company
with a remaining effective interest of 45% in Syria Block 9. Serinus declared
force majeure, with respect to its operations in Syria, in July 2012.
The main shareholder of the Company is Kulczyk Investments S.A., an
international investment house founded by Polish businessman Dr. Jan Kulczyk.
For further information, please refer to the Serinus website
Translation: This news release has been translated into Polish from the English
Suite 1170, 700-4th Avenue SW, Calgary, Alberta, Canada
Al Shafar Investment Building, Suite 123, Shaikh Zayed Road, Dubai, UAE
Nowogrodzka 18/29, 00-511 Warsaw, Poland
Telephone: +48 (22) 414 21 00
FOR FURTHER INFORMATION PLEASE CONTACT:
Serinus Energy Inc. - Canada
Norman W. Holton
Serinus Energy Inc. - Canada
Gregory M. Chornoboy
Director - Capital Markets & Corporate Development
Serinus Energy Inc. - Poland
Jakub J. Korczak
Vice President Investor Relations & Managing Director CEE
+48 22 414 21 00
INDUSTRY: Energy and Utilities - Oil and Gas
-0- May/15/2014 12:04 GMT
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