Corporate Strategy

The Corporate Strategy of Serinus is focused on extracting value from the large land and resource positions that the Company currently holds in Tunisia and Romania. Projects that demonstrate attractive returns at relatively lower risk profiles will be tactically allocated capital. Our internal teams constantly review new opportunities where we can apply our competitive advantages gained from our existing portfolio.

Goals/objectives/core activities:

1. Moftinu Gas Project in Romania: First gas was April 2019. New Exploration Program in 2022 consisting of a completed 112 km 2D Seismic Program and a multi-well exploration drilling program in the latter half of 2022
2. Sabria Field Production Enhancement in Tunisia: Install artificial lift in wells to increase oil production
3. Evaluate potential acquisitions inside and, if competitive, outside our core operating areas