Serinus Energy (GB:SENX) has released an update.
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Serinus Energy has reported stable financial results for H1 2024 with a slight decrease in revenue to $8.8 million and significant improvements in EBITDA and gross profit, attributed to higher crude oil prices and robust production in Tunisia. Operational highlights include the continued success of the artificial lift program in Tunisia and the expected natural decline of the Moftinu Gas Field in Romania. Despite lower production volumes and realized gas prices, the company’s overall operating netback increased, reflecting effective cost management and operational efficiency.
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