The latest update is out from Serinus Energy ( (GB:SENX) ).
Serinus Energy reported its 2024 financial results, highlighting a decline in revenue to $15.4 million and cash generated from operations to $1.1 million compared to the previous year. The company faced challenges with a significant impairment on its Romanian assets and a decrease in operating netback due to declining production and commodity prices. Operationally, Serinus completed successful workovers in Tunisia and maintained a strong safety record. The company continues to focus on enhancing production in its Tunisian assets, particularly the underdeveloped Sabria field, and plans further exploration in Romania.
More about Serinus Energy
Serinus Energy plc is an international oil and gas exploration, appraisal, and development company operating primarily in Tunisia and Romania. The company focuses on upstream operations, managing assets such as the Moftinu Gas Project in Romania and the Sabria and Chouech Es Saida fields in Tunisia. Serinus aims to enhance production through active reservoir management and strategic investments in its existing projects.
YTD Price Performance: 18.18%
Average Trading Volume: 299,296
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £3.84M
See more data about SENX stock on TipRanks’ Stock Analysis page.