StockMarketWire.com - Oil company Serinus Energy said it had started drilling the Moftinu-1008 well in Romania.

Moftinu-1008 was planned to be drilled to a total depth of 1,000 metres and expected to penetrate five gas-bearing sand formations, three of which were producing zones of the Moftinu-1007 well.

Moftinu-1008 was located about 1.4 kilometres to the northeast of the Moftinu gas plant.

If drilling was successful, the well would be completed, tested and brought on-production through a flowline connection to the plant.




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