The Q1 results from Serinus Energy (LON:SENX) for the three months to end March 2023 have shown a massive decrease in net income from a positive $1.045m last year to a negative $1.269m this year.
Revenues in Q1 came out at $4.9m ($13.4m), slashing EBITDA to $0.4m ($3.1m) for the period.
The group which has resource interests in Romania and Tunisia endured a significant operating netback decrease, in line with commodity prices, coming out at $39.52 boe against $148.88 boe for last year.
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