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Zeta Petroleum prepares to log Jimbolia oil appraisal well


Zeta Petroleum (ASX: ZTA) has drilled its Jimbolia-100 oil appraisal well in Romania to its target depth and is now preparing to carry out logging operations. A decision will made on testing of the well once the logging results are received. Jimbolia-100 is operated by Serbian oil and gas company NIS Gazprom Neft, which is majority owned by Russian gas giant Gazprom. It was drilled to a depth of 2,590 metres to assess the Jimbolia Veche oil discovery that has two hydrocarbon bearing intervals and a current Contingent Resource of 1.72 million barrels of oil. If successful, Jimbolia-100 will be completed as a production well.

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