Scandoil  

Serinus Energy closes sale of Ukraine interests


Published Feb 9, 2016
Serinus Energy Inc.-2

Serinus Energy Inc. has closed the sale of its interests in Ukraine to Resano Trading Ltd., an affiliate of the Burisma Group, a Ukraine entity actively involved in the upstream oil and gas industry in Ukraine.

Serinus sold all of the 70% of the outstanding shares of KUB-Gas Holdings Limited (KHL) owned by the Company. KHL in turn, owns 100% of the shares of KUB-Gas LLC (KUB-Gas). KUB-Gas (directly and indirectly through its subsidiary, KUB-Gas Borova LLC) owns 100% of and operates the six licences/permits in Ukraine which contain the Olgovskoye, Makeevskoye, Vergunskoye and Krutogorovskoye gas fields.

Tags: Serinus Energy Inc.




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