Serinus Energy Inc.: Business Unit Management Appointments

CALGARY, Alberta, 2018-01-17 23:00 CET (GLOBE NEWSWIRE) --
Serinus Energy Inc. ("Serinus", "SEN" or the "Company") (TSX:SEN) (WARSAW:SEN),
is pleased to announce the following management appointments at the Company's
business units in Tunisia and Romania. 

In Tunisia, the Company is pleased to appoint Mr. Haithem Ben Hassen as
President of Winstar Tunisia BV, Serinus Energy's wholly-owned operating
subsidiary in Tunisia. He is replacing Dr. Trent Rehill who has resigned his
position for personal reasons. Mr. Ben Hassen joined Winstar Tunisia in
November 2014 as Senior Project Engineer and was then promoted to Project
Manager in June 2015. During this time, he has been responsible for the
completion of numerous capital projects undertaken by the Company, including
the vital seconded role as Project Manager for the Moftinu Gas Development
Project in Romania. Prior to joining Winstar, Mr. Ben Hassen had numerous
senior engineering roles with Pireco Tunisia, Mondial Contractors, and Frimar
SA in Tunisia.  He has a Bachelor of Mechanical Engineering degree from École
Polytechnique de Montréal in Canada. 

The Company is also pleased to appoint Mr. Arafet Mansali as Chief Operating
Officer and Mr. Chedly Maghraoui as Finance Director of Winstar Tunisia BV. 

Mr. Mansali joined Winstar Tunisia in February 2014 as Senior Production
Engineer before being appointed Production Manager in May 2017. He has
significant petroleum engineering and operations management education and
experience. Mr. Mansali will work closely with the Calgary technical team to
implement capital programs to increase production efficiency from our Tunisia
fields. 

Prior to joining Winstar, Mr. Maghraoui was Finance Accounting and
Administration Manager for Ensco PLC, overseeing the financial reporting
functions for all of Ensco's projects in the United Kingdom and the
Mediterranean region. He will work closely with the Calgary finance team in the
financial reporting requirements of the Tunisia business unit as well joint
venture financial reporting. He has significant training and experience in
financial controls and audit compliance. 

In Romania, the Company is pleased to announce that it has promoted Ms.
Alexandra Damascan to the position of President of Serinus Energy Romania SA
from her previous role of Country Manager, Romania. This change in title better
reflects her significant role and contributions as the head of the Romanian
Business Unit as the Company moves forward in the construction and
commissioning of the Moftinu Gas Project. Ms. Damascan has been with Serinus
Energy Romania since 2008 and has proven to be an invaluable member of the
Serinus team. She has degrees in Political Economics, an MBA in Business
Transactions from the Academy of Economic Studies, a Law Degree and LLM in
International Arbitration from the Romanian-American University, as well as
being currently enrolled in the MBA Oil & Gas Program at the Oil and Gas
Institute in Ploiesti, Romania. 

In addition to the promotion of Ms. Damascan, Serinus Energy Romania has also
appointed Mr. Florin Georgescu to the role of Vice President, Production &
Development. In this position, Mr. Georgescu will oversee the Romanian
commercial and production operations, working closely with the Calgary team.
Mr. Georgescu has an MBA in Business Management, an MBA in Oil & Gas Management
from the Oil & Gas University in Ploiesti, Romania as well as significant
education and experience in Commercial, Financial and Banking and working
experience in oil regions such as North America and Middle East. 

Serinus Executive Management is very pleased to appoint and promote these very
competent and experienced individuals to their positions. These are important
organizational steps for the Company as it positions itself for future years of
growth in both Business Units. 

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.: [phone]                          Tel.: [phone]  
[e-mail]                    [e-mail]

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.