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Serinus Energy said it had made the final payment of US$2.7m plus accrued interest on a secured loan facility provided by EBRD.
The loan had now been fully repaid and retired.
'I am delighted that we have made this payment, which puts us on a firmer financial footing as we continue to progress production at our key projects in Romania and Tunisia,' chief executive Jeffrey Auld said.
'We look forward to providing further updates to shareholders over the coming months.'
'Additionally, the company announces that the probation period of its chief operating officer has ended, and the contract will not be renewed.'