The latest update is out from Serinus Energy ( (GB:SENX) ).
Serinus Energy reported its 2024 annual financial results, highlighting a decrease in revenue to $15.4 million from $17.9 million in 2023. The company faced challenges with declining production in Romania and recognized impairments on its Romanian assets. Despite these setbacks, Serinus maintained stable production in Tunisia and completed cost-effective operational improvements, such as pump replacements, which extended pump life and improved economic efficiency. The company continues to focus on enhancing production from its Tunisian assets and exploring growth opportunities in Romania.
More about Serinus Energy
Serinus Energy plc is an international upstream oil and gas exploration and production company with operations in Tunisia and Romania. The company focuses on developing its existing assets, particularly the Sabria field in Tunisia and the Satu Mare Concession in Romania, which hold significant potential for oil and gas production.
YTD Price Performance: 20.45%
Average Trading Volume: 307,461
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £3.92M
For a thorough assessment of SENX stock, go to TipRanks’ Stock Analysis page.