Serinus Energy closes sale of Ukraine interests (Scandinavian Oil-Gas Magazine)

Serinus Energy closes sale of Ukraine interests

Published Feb 9, 2016

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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