Zeta Petroleum announces successful production test at Jimbolia-100 well, Romania

Zeta Petroleum plc, the ASX listed Romanian focused oil and gas exploration and production company, is pleased to announce that the Jimbolia-100 well, (‘Jimbolia-100’ or ‘the Well’), an appraisal well on the Jimbolia oil concession in Romania, has naturally flowed both oil and gas to surface during production testing of the Well’s second interval. The Operator, NIS Petrol SRL, (a wholly owned subsidiary of NIS Gazprom Neft), has advised that the maximum natural flow rates achieved during the testing operation on the Well’s second interval are 0.16m3 per hour of oil (the equivalent of 24 barrels per day) on a 6.35mm choke and 927m3 per hour of gas (the equivalent of 22,248 cubic metres per day) on a 8mm choke. The recovered oil is light with 45API. As the target oil reservoir has a CO2 gas cap, the gas contains high levels of CO2 (circa 78%) which is line with the pre-drill prognosis.

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