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The Romanian gas field on its own is worth a share price of 6p. This company is seriously undervalued. I am guessing with the current oil @$60 and gas prices @$7, production increases and add the Tunisian production, I can see revenue greater than $50 million.

Looking at the BOD experience I am hoping that the presentation next week will outline their strategy. This is a ground floor opportunity.

Yes and no.
Globalization need vast amount of money to fuel the global trade. Most of that money will come from debt generated in the first world. Western liberal governments only solution is debt fueled expansion. Whine the dollar is the same as the rupee then USA can compete with the third world.

The only ting that will have any value of assets. Which assets will vary yearly. Property, commodities, food, and event crypto currencies and yuan. The west has elected lost of very nice people to rule us. They will always make the nice choice.

Correction..

It is the Chouech field that has not reached production levels to trigger the ETAP facility. So all production as Sabria is 45%. So the first Sabria field only generates $6 million of revenue a year. Lack of maintenance over many decades looks like many of these fields have wells that are capped off. A simple pump dropped down a pipe could kick start production. Interesting what other stuff this new management team is going to find.

Tunisia, Serinus have steadied the ship and are now increasing production. For the Sabria oil field they plan to use an artificial lift, a common method, to increase oil production. I decided to seek out production estimates for this single field. During lock down they have been testing and researching how to implement this artificial lift: Refer to management’s corporate presentation 2021-03-03.
The document states that the first stage of the project starts in July 2021. The project is a mixture installing pumps below ground plus upgrading of the surface infrastructure to handle the increased production. On completion it is expected that Sabria will be producing 2,918 (bbl/d). Initially Serinus will get 100% of the revenue, this falls back to 45%. The first well to be upgraded in July is estimated to be producing 543 (bbl/d). Serinus should get 100% of this for a least a year. Over the next 2 years more of these wells will be upgraded and added to the network. Revenue from the first upgrade will be: 543 X 365 @ $60 nearly $12 million per annum. Eventually this field is estimated to be generating 2918(bbl/d): 2918 x 635 X 0.45% @ $60 nearly $29 million per annum. This is at an estimated cost of $4 million per well.

I bet the new Directors cannot believe what they have. A energy company with no debt, oil and gas fields, all that can be upgraded with standard technical methods. They must be pinching themselves. Add in increased production in other fields in Tunisia and Romania. It seems to good to be true. Romania gas fields alone are worth 6p a share.

Again DYOR.

The numbers are mind blowing. Factor in Newcrest are extracting 20 millions tons at Telfer. As HAV has higher grades it could be over 20 tons of gold a year.

Looking at Arden Partners estimates for SENX. Just register with them.
They are showing revenues of 35.7 with net cash $8.5mil, production 2.5, This is with oil @ $50 a barrel.
I think general improvements plus a new well being added production should be greater than 2.5 mboe/d.
Oil is already > $60 and gas has more than recovered since 2020 so you would expect Serinus net cash to be better than $8.5.
Arden showing net cash of $21mil for 2022 estimate using oil at $60. They have production 2.5, 2021. 2.6, 2022. Seems a slight increase in production and oil > $60 can more than double net cash.

The price beggars belief. I will be holding.

Its dual listed, with equal voting rights and equal dividends in Poland. It is listed on the polish exchange about 15p a share. It would be better they sell what you have in Poland and buy on AIM. Have 5 x more shares and eventually 5 x more dividends.

I am confident that the numbers next week will be positive. Also confident going forward they can increase production from Sabria oil field without actually drilling new holes. Guess this field has suffered from historical lack of investment so maintenance improvements can have a big effect for a little outlay.

Starting to think that AIM revolved around volume. Greater the volume the greater the likely hood of a price actually reflecting its fundamental SP. On paper Serinus is a debt free, cash generating company. A company with good management could grow quite rapidly.

I am getting the feeling that traders just let boredom to drive the price down.

I am 100% confident HAV will be mined. It makes more sense to close Telfer and move everything to HAV. Are Newcrest ahead of schedule, on target.
What is the cost of extraction?
These are the questions we should be asking,

All the majors are coming up with top results. Serinus will of course have top numbers. The latest oil price rise will not be reflected in these Q1 results. All this is saying that this share needs a re-rating. The latest oil price rises will give the brokers an excuse to re-rate so that they do not look like donkeys. They hate being forced to re-rate and they also hate to have the rates blown apart. The hate looking like fools. All comes down to ego.
Interesting few days.

3027 BOE

I am hoping that the Tunisia fields can be increased with a bit of TLC. I really do see Serinus as a pandemic play. Is git slaughtered in 2020 but has restructured leaving it with no debt. It has managed to increase production and with the recovery in prices it will have the funds to expand organically. The so dilution that keeps getting mentioned was because of the 2020 pandemic.

Shaun Day Chief Executive Officer of Greatland Gold plc, commented: "We are very pleased to announce the appointment of Canaccord Genuity as Corporate Broker and Financial Adviser to the Company. We look forward to working with Canaccord, developing relationships with their clients and attracting new institutional shareholders to Greatland."

If you want this share to hit a pound you will need the big guys to invest. AIM valuation is very volatile. I guess this is why the big institutions leave it well alone. GGP are at a stage where it can leave AIM and enter the bigger market. The big guys can now invest. It may be why this guy has come on board. The share price is unimportant.

I have no issues with him sitting on Laurels with pots of gold flowing in.

System, good results we should sail past 5p.

Do we have any dates and production figures for Sancrai.

You need to keep re reading the documents. Starting to understand their strategy a bit better. Lots of oil fields they just ignored the gas fields went straight for the oil. These guys buying up old leases and targeting these gas fields. Simple idea.

I am a recent investor and down, not as much as the 40p guys. You will have to make you own decision. Do you cut your losses or take the risk and wait.

Me, I will wait because Newcrest are desperate to start mining. Newcrest have lots of legal stuff, financial, regulations , health safety that they need to stick to. The amount of money and resource they have thrown at Havieron tells me they are committed. They just have to go through a box ticking exercise. Once in and mining they will be extracting tons of gold and copper ore. I personally believe these shares will at least double over the next year.

Accipiter. This the link. Reading this article why is the SP only 3p?

Craig: Our forthcoming initiation will include a formal Risked NAV estimate. In the meantime, we believe that the company is now a material and cash generative producer which is strongly underpinned by its existing reserves and production and offers the potential for significant follow-on growth. We believe that today’s results from Moftinu-1008 provide great evidence of the company’s capabilities as it capitalises on a pipeline of identified, near-term opportunities across the portfolio.

https://www.***************************/serinus-energy-a-material-and-cash-generative-producer-with-a-pipeline-of-identified,-near-term-opportunities/412964937

I own shares. As Conman says, they should be expanding the number if wells. A little dividend, 0.1p would send the shares to the moon.

interesting,.

Any reason why 3p, not 6p at least?