Serinus Energy encounters gas with new well in Romania
Source - SMW
Serinus Energy said it had commenced testing of several gas-bearing zones at a new discovery in Romania.
The Moftinu - 1007 well was drilled to a total planned depth of 1,463 metres on schedule and around 20% below budget, the company said. Log analysis identified three gas-bearing Pliocene zones, intersected from 736m to 738m, from 809m to 813m and from 883m to 898m.
It was expected that the completion and testing operations would last approximately two weeks.
At 8:12am: (LON:SENX) Serinus Energy Plc Ord Npv share price was 0p at 16.25p