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Serinus Energy PLC Earnings Release 2018

May 13, 2018

5809_rns_2018-05-13_02d10b1b-731b-4164-8373-3bfca2d110c1.pdf

Earnings Release

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Attachment to current report No. 27/2018 of May 11, 2018

Issuer's trading name: SERINUS ENERGY INC.

Summary Financial Results (US\$ 000's unless otherwise noted)

Three Months Ended March 31
2018 2017 Change
Net Oil and Gas Revenue (net of royalties) 1,998 2,642 (24%)
Net Income (Loss) 1,002 (2,099) 148%
per share, basic and diluted 0.01 (0.02)
Funds from Operations 2.505 166 1409%
per share, basic and diluted 0.02 0.00
Capital Expenditures 2,148 858 150%
Average Production (net to Serinus from operations)
Oil (Bbl/d) 276 519 (47%)
Gas (Mcf/d) 626 1,025 (39%)
BOE (boe/d) 380 690 (45%)
Average Sales Price (from continuing operations)
Oil (S/Bbl) \$66.00 \$50.89 30%
Gas \$Mcf) \$10.17 \$5.85 74%
BOE (\$/boe) \$64.63 \$46.98 38%
March 31 December 31
2018 2017
Cash & Equivalents 3,470 7,252
Marking Capital (9.620) (6.587)
Long Term Dept (28, 113) (31.26)
Shares Outstanding 150,652,138 150,652.1
Average for Period 150.652.138 150.652.1