Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Romania and Tunisia focused Serinus Energy reported a deeper first-half loss, as rising revenue was more than offset by higher production, depletion and administrative expenses.
Pre-tax losses for the six months through June amounted to $3.6m, compared to losses of $0.3m on-year.
Revenue, net of royalties, rose 39% to $5.9m, amid an 87% jump in production to 680 barrels of oil equivalent per day.
Serinus said the outlook for Romania was 'strong', while operations in Tunisia are ramping up after an extended period of stagnation, due to the difficult social conditions in the country.
At 8:33am: (LON:SENX) Serinus Energy Plc Ord Npv share price was 0p at 11p