Serinus Energy PLC Final Payment Made on Senior Loan Facility (1816M)
13 September 2019 - 4:00PM
UK Regulatory
TIDMSENX
RNS Number : 1816M
Serinus Energy PLC
13 September 2019
SERINUS ENERGY PLC
Final Payment Made on Senior Loan Facility
Jersey, Channel Islands, September 13, 2019 -- Serinus Energy
Plc ("Serinus", "SEN" or the "Company") (AIM:SENX, WSE:SEN) is
pleased to announce that it has made the final payment of US$2.7
million, plus accrued interest, on the EBRD Senior Loan
Facility.
The details of this Facility are set out in the Company's
Half-Year Report and Accounts 2019 released on 14 August 2019. It
is now fully repaid and retired.
Commenting, Chief Executive Officer. Jeffrey Auld said "I am
delighted that we have made this payment, which puts us on a firmer
financial footing as we continue to progress production at our key
projects in Romania and Tunisia. We look forward to providing
further updates to shareholders over the coming months."
Additionally, the Company announces that the probation period of
its Chief Operating Officer has ended, and the contract will not be
renewed.
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 plc
Jeffrey Auld, Chief Executive Officer
Calvin Brackman, Vice President, External
Relations & Strategy +1 403 264 8877
WH Ireland Limited
(Nominated Adviser and Joint Broker)
Katy Mitchell
Harry Ansell (Broker)
Lydia Zychowska +44 (0)20 7220 1666
Arden Partners plc
(Joint Broker)
Paul Shackleton / Dan Gee-Summons (Corporate
Finance)
Fraser Marshall (Equity Sales) +44 (0) 20 7614 5900
Camarco
(Financial PR - London)
Billy Clegg
Owen Roberts +44 (0) 20 3781 8334
TBT i Wspólnicy
(Financial PR - Warsaw)
Piotr Talarek +48 22 487 53 02
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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