Zeta Petroleum plc, the ASX listed Romanian focused oil and gas exploration and production company, is pleased to provide an update on the Bobocu gas field project (‘Bobocu’), Romania, in which the Company has a 100% interest.
Zeta Petroleum plc Managing Director Stephen West said, "With the improved geological model at our Bobocu project we remain confident that the previously producing Bobocu field is prospective and can be brought back into production. Following detailed examination of the well data acquired from drilling in September 2012 and the acquisition of modern logs we can now see that the Bobocu 310 well was not drilled at the optimum location. Armed with a more comprehensive understanding of the geology, we believe the in situ gas at Bobocu can be recovered and in the process unlock and maximise value for shareholders. Further updates on our progress at Bobocu will be provided in due course."
Source: Zeta Petroleum plc
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