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Serinus in Romania gas find

LONDON, June 13, 2018 – Serinus Energy has struck gas in the Satu Mare block in Romania, the Canadian player announced on Tuesday.

 

The Moftinu-1007 well was drilled 20% under budget, the company added in a statement to the London Stock Exchange.

“The A3 sand formation was intersected from 736 metres to 738 metres, the A2 from 809 metres to 813 metres and the A1 [from] 8,834 metres to 898 metres,” Serinus said. “Well completion and testing operations will last around two weeks, allowing added testing time for enough pressure to build up in the producing zones.”

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