Winstar Satu Mare SRL, a wholly-owned subsidiary of Serinus Energy, will start this November drilling at Moftinu, Satu Mare. Canada based Serinus Energy announced it has entered into a contract with Tacrom Drilling SRL, which will provide one of its rigs for the program scheduled to start this November.

Serinus Energy owns through Winstar Satu Mare SRL an undivided 60% working interest in the onshore Satu Mare concession, a 2,949 square kilometre exploration and development block, in north western Romania.
The concession contains a significant number of oil and gas tests including the Santau oil pool, and the Company has developed over 50 leads and prospects thereon.

Serinus Energy announced it has entered into a contract with Tacrom Drilling SRL, which will provide its Rig #3 for the program. The first well, Moftinu-1001, is expected to spud on or about November 8th, pending the rig’s release from its current job. Moftinu-1001 will be followed immediately by Moftinu-1002bis. The two wells are expected to take approximately 45 days in aggregate to drill and case, including time for the rig move between the two locations. Each will test seismically-defined gas prospects at depths of approximately 1,800 – 2,000 metres. Pending success, completion and testing of both wells is anticipated during Q1 2015.
About Serinus Energy

Serinus is an international upstream oil and gas exploration and production company with a diversified portfolio of projects in Ukraine, Brunei, Tunisia, Romania and Syria and with a risk profile ranging from exploration in Brunei, Romania and Syria to production and development in Ukraine and Tunisia. The common shares of the Company trade under trading symbol “SEN” on both the WSE (Warsaw Stock Exchange) and the TSX.