Business
Commencement of Well Operations
Commencement of Well Operations.
About this update from Corpus Resources Plc
[{"type":"text","content":"\n \nRNS Number : 4771Y Curzon Energy PLC 06 December 2017 \n\n6 December 2017\n \nCurzon Energy Plc\n(\"Curzon Energy\" or the \"Company\")\n \nCommencement of Well Operations\n \n \nCurzon Energy Plc, an energy company pursuing a targeted acquisition strategy of oil and gas appraisal and development assets, is pleased to announce that workover and clean-out operations commenced on 27 November 2017 on well 9-21, the first of five existing wells at its Coos Bay CBM project.\n \nCleanout operations on well 9-21 have been completed and the rig has moved on to the second well, Well 1-21. Following clean-out operations each well will undergo a series of flow tests in order to establish well deliverability. Aggregate flow results of all five wells will be released at the end of the workover campaign of all five wells, which we expect by early January 2018. \n \nCurzon Energy is Operator and has a 100% working interest in the Coos Bay CBM project, c. 45,000 acres of known Coalbed Methane (CBM) Gas accumulations in Coos Bay, Oregon, with 2C contingent resources of 273.5BCF. The Company is implementing a cost effective staged development plan, targeting first gas from Phase I in Q2 2018. The Phase I work programme consists of the low-cost workover of five existing, and drilling of two new wells.\n \nStephen Schoepfer, Managing Director of Curzon Energy said:\n\"We are delighted that operations have commenced and look forward to updating shareholders on our progress in due course.\"\n \n \nFor further information please contact: \n \n\n\n\n\nCurzon Energy PLC \n\n\nc/o Camarco \n\n\n\n\nStephen Schoepfer / Thomas Wagenhofer\n\n\n+44 20 3757 4980\n\n\n\n\nwww.curzonenergy.com \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSP Angel Corporate Finance LLP \n\n\n+44 20 3470 0470\n\n\n\n\nRichard Hail \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCamarco (Financial PR)\n\n\n+44 20 3757 4980\n\n\n\n\nGeorgia Edmonds / Kimberley Taylor / Monique Perks\n\n\n\n\n\n\n\n \n \nNotes to Editors:\nCurzon Energy was founded in 2016, with the objective of acquiring oil and gas development and production assets initially in the USA. Its first acquisition is 100% of Coos Bay, c. 45,000 acres of known Coalbed Methane (CBM) Gas accumulations in Coos Bay, Oregon with 2C contingent resources of 273.5BCF, where i...