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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 |
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