In 2013, Serinus Energy reduced loss by 27%
Edited by Rhod Mackenzie / 2014-03-24 02:15:05
Finance Oil and Gas Ukraine Financial results Shares Ukraine Oil and Gas Gas Production and Refining
In 2013, Serinus Energy Inc., the former Kulczyk Oil Ventures Inc., Canada, with the major assets in the Ukraine and in Tunis reduced net loss by 27.2% to $57.53 million, and increased revenue from oil and gas production in the Ukraine by 47.3% to $146.73 million. Last year it increased daily average hydrocarbons production by 54% to 4.08 barrels in oil equivalent. In 2012, net loss increased by 4.7 times to $78.98 million due to enlargement in writing off od exploration and evaluation assets by over 10 times to $87.74 million.
