Serinus Energy - Moftinu - 1004 Well Spudded

Jersey, Channel Islands, January 10, 2020 -- Serinus Energy plc ("Serinus", "SEN" or the "Company") (AIM:SENX, WSE:SEN), is pleased to announce that the Moftinu - 1004 well has been spudded today in Romania. This well is located approximately 900 metres to the east of the Moftinu Gas Plant. The planned total drilling depth of the well is 1,000 metres.  The well is expected to penetrate four gas-bearing sand formations, two of which are producing zones of the Moftinu - 1003 and Moftinu - 1007 wells. If the well drilling operations are successful, the well will be completed, tested and brought on production through a flowline to the Moftinu Gas Plant. Further updates will be provided, as appropriate.