Serinus Tunisia Update
August 28 2017 - 9:00AM
Serinus Energy Inc. (“Serinus”, “SEN” or the “Company”)
(TSX:SEN)(WARSAW:SEN) provides an update on its operations in
Tunisia. The Company has been informed by Entreprise Tunisienne
D’Activites Petrolieres (“ETAP”) that the protests in the Kebili
and Tataouine Governate regions have ended. This was further
corroborated by news articles from Tunisia announcing the end of
the protests.
The continued protests in the southern region
were over jobs and development that blocked all oil field
activities to the southern oilfields of Tunisia, including the
Company’s Sabria field.
While the end of the protests is a critical and
positive first step in the Company’s goal of resuming oil and gas
production in Tunisia, the Company will continue its dialogue with
the Government of Tunisia and our partner in the Sabria field ETAP
to determine that the Company can resume production at its oil
fields in a safe and secure environment with sufficient comfort
that there will be no further production disruptions for the
foreseeable future. As well, the Company has had no discussions
with or notifications from the Ministry of Energy or the Ministry
of Social Affairs as to what terms were offered to conclude the
protests. Serinus has made no further commitments with regard to
any additional employment or social contributions, and has been
transparent in its discussions with the government and ETAP that we
will continue to work with our partner and stakeholders to preserve
the economic returns under current difficult market conditions.
The Company will update the market with regard
to the progress of the resumption of production in Tunisia in due
course
About Serinus
Serinus is an international upstream oil and gas
exploration and production company that owns and operates projects
in Tunisia and Romania.
For further information, please refer to the
Serinus website (www.serinusenergy.com) or contact the
following:
Serinus Energy
Inc.Calvin BrackmanDirector, External
RelationsTel.: +1-403-264-8877 cbrackman@serinusenergy.com |
|
Serinus Energy Inc.
Jeffrey AuldChief Executive OfficerTel.:
+1-403-264-8877 jauld@serinusenergy.com |
|
Translation: This news
release has been translated into Polish from the English
original.
Forward-looking Statements
This release may contain forward-looking statements made as
of the date of this announcement with respect to future activities
that either are not or may not be historical facts. Although the
Company believes that its expectations reflected in the
forward-looking statements are reasonable as of the date hereof,
any potential results suggested by such statements involve risk and
uncertainties and no assurance can be given that actual results
will be consistent with these forward-looking statements.
Various factors that could impair or prevent the Company from
completing the expected activities on its projects include that the
Company's projects experience technical and mechanical problems,
there are changes in product prices, failure to obtain regulatory
approvals, the state of the national or international monetary, oil
and gas, financial, political and economic markets in the
jurisdictions where the Company operates and other risks not
anticipated by the Company or disclosed in the Company's published
material. Since forward-looking statements address future events
and conditions, by their very nature, they involve inherent risks
and uncertainties and actual results may vary materially from those
expressed in the forward-looking statement. The Company undertakes
no obligation to revise or update any forward-looking statements in
this announcement to reflect events or circumstances after the date
of this announcement, unless required by law.
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