CALGARY, Alberta, 2017-12-19 07:26 CET (GLOBE NEWSWIRE) --
Serinus Energy Inc. ("Serinus", "SEN" or the "Company") (TSX:SEN) (WARSAW:SEN)
reports that the situation at the Moftinu 1001 wellsite remains stable. The
Company has contracted SafetyBoss, an internationally renowned well control
company based in Calgary, Canada, to manage the Moftinu 1001 well incident.
SafetyBoss is sending a well control team into Romania, who will arrive within
the next 36 hours. Equipment is currently being secured to enable well control
activities.
The Company also remains in contact with all relevant Authorities and the
emergency services in Satu Mare County, and continues to closely monitor the
situation. The cause of this incident is not currently known and the Company's
primary consideration is to safely and quickly bring the gas well under
control. The Company will provide ongoing status updates to the market.
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. Serinus Energy Inc.
Calvin Brackman Jeffrey Auld
Vice President, External Relations & Strategy Chief Executive Officer
Tel.: +1-403-264-8877 Tel.: +1-403-264-8877
cbrackman@serinusenergy.com 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.© 2017 GlobeNewswire