January 23, 2017 2:28 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Serinus Energy Inc.

Company Overview

Serinus Energy Inc., together with its subsidiaries, engages in the exploration for and development of oil and gas properties. The company owns a 100% working interest in the Chouech Essaida, Ech Chouech, Sanrhar, and Zinna concessions, as well as a 45% working interest in the Sabria concession located in Tunisia. It also has a 60% working interest in the onshore Satu Mare concession covering an area of approximately 2,949 square kilometers located in north western Romania. The company is headquartered in Calgary, Canada. Serinus Energy Inc. is a subsidiary of Kulczyk Investments, S.A.

700-4th Avenue SW

Suite 1500

Calgary, AB T2P 3J4






Key Executives for Serinus Energy Inc.

Chief Financial Officer
Total Annual Compensation: $199.4K
Age: 54
Total Annual Compensation: $468.0K
Total Annual Compensation: $360.0K
Compensation as of Fiscal Year 2015.

Serinus Energy Inc. Key Developments

Serinus Energy Announces Resignation of Jakub Korczak as Vice President Investor Relations and Managing Director CEE

Serinus Energy Inc. announced that Mr. Jakub Korczak, Vice President Investor Relations and Managing Director CEE at Serinus, has resigned his position with the Company effective immediately. Mr. Korczak has been with the company since 2009.

Serinus Energy Inc. Reports Earnings Results for Third Quarter Ended September 30, 2016

Serinus Energy Inc. reported earnings results for third quarter ended September 30, 2016. For the quarter, the company’s oil and gas revenue was $3,632,000 compared to $6,237,000 a year ago. Net loss was $4,971,000 or $0.06 per basic and diluted share compared to $32,089,000 or $0.41 per basic and diluted share a year ago. Funds from operations used in were $3,186,000 or $0.04 per basic and diluted share compared to FFO of $79,000 a year ago. Capital expenditures were $1,066,000 compared to $416,000 a year ago.

Serinus Energy In Talks To Acquire Remaining 40% Interest In Satu Mare

Serinus Energy Inc. (WSE:SEN) is in talks to acquire the remaining 40% interest in Winstar Satu Mare SRL. The company is in discussions with various government agencies including NAMR and the financial authorities to ensure that it acquires 40% interest. Serinus already holds a 60% stake in Satu Mare through its subsidiary Winstar Satu Mare S.A.

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Recent Private Companies Transactions

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