Serinus Energy PLC is a Jersey-based international oil company. The Company is engaged in the exploration and development of oil and gas properties in Tunisia and Romania. The Company holds a concession area, Satu Mare, which is located in sought-after hydrocarbon province. The Satu Mare Concession covers approximately 3,000 square kilometers (km2). The Company’s Tunisian operations are comprised of three concession areas: Sabria, Chouech Es Saida and Ech Chouech. The Company holds 45% working interest in Sabria concession, which covers approximately 26,195 gross acres. The Sabria concession comprises an Ordovician light oil field. It holds 100% working interest in Chouech Es Saida concession, which covers approximately 52,480 acres. The concession produced approximately 9.8 million barrels-of-oil-equivalent. It holds 100% working interest in Ech Chouech concession, which covers approximately 33,920 acres. The concession has produced oil intermittently from the TAGI Formation.