SERINUS ENERGY INC. Ukraine: Operations Update

Current Report No. 30/2014Date: 2014-06-27Issuer's

trading name: SERINUS ENERGY INC.

Title: Ukraine: Operations Update

Legal basis: other regulations

Content:The Management of SERINUS ENERGY INC. ("Serinus"

or the "Company") informs that in Canada via the SEDAR

system it has published update on its operations in Ukraine. Due to a

deteriorating security situation, the Company has decided to put

developmental field operations on hold. Production will continue, but

current drilling, workover and development activities will be wound down

as they are either completed, or reach thresholds at which operations

can be suspended safely with no risk to the assets and people involved,

including:1. M-17 has been tied in to the new Makeevskoye Gas Plant,

and is currently producing at a rate of 4.27 MMcf/d. That rate is

expected to stabilize during the course of the next week. Production in

Ukraine is currently approximately 34.2 MMcf/d. All further tie-ins'

will be deferred until such time as it is deemed safe to resume active

field operations.2. The S6 zone in the O-11 well has been perforated

and testing commenced. Upon perforation the well had a strong air blow

then flowed gas to surface. The well was shut in for a pressure build up

and the pressure had not stabilized at the time of this release. No

additional tests will be undertaken at this time;3. Surface casing

has been set in the NM-4 well at a depth of 100.2 meters, and the rig

has moved off.

While the Company continues to produce, sell and be paid for the gas

sold, it is no longer prudent to continue these active operations in a

situation where the security changes daily. In particular, the area

immediately in and around Lugansk where the Vergunskoye and

Krutogorovskoye fields (producing 0.4 MMcf/d and 0.6 MMcf/d

respectively) are located is no longer controlled by the government and

as a result production at the Vergunskoye field has been shut in.

This text contains selected excerpts from the original news release in

English, which has been filed by Company in Canada (country of its

registered office ) by way of the SEDAR system and is available at the

website www.sedar.com by entering the Company name at

http://www.sedar.com/search/search_form_pc_en.htm.

The Polish translation of the entire text of the news release is

available at the website: www.serinusenergy.com

More information on page: biznes.pap.pl

kom espi pif/