Results Announced from Pannonian Basin Well in Romania

Drilling Activity Details

Locations

Romania

Operators
Post Date
Shore Type
Well Name
#1-Iecea Mica
Geo Coordinate

Drilling Activity Summary

Description

ADX Energy completed exploration well #1-Iecea Mica in onshore Romania’s Iecea Mare Production License. According to the company, the well encountered gas across three zones with a combined total of 20 Bcf of 2C contingent resources. The Pannonian Basin well was suspended for future completion as a producer following testing. Testing has been deferred until downhole well production equipment is manufactured and has also been further delayed due to border closures caused by the COVID-19 pandemic, which has prevented testing operations until now. Testing will concentrate on the PA IV sand (Pliocene) which is a proven reservoir and has the greatest upside reserves potential of the three hydrocarbon-bearing reservoir intervals intersected in #1-Iecea Mica. The reservoir unit has a large stratigraphic upside potential which will be further quantified in the near future with the planned high-resolution 2D seismic program scheduled for the third quarter. Perth-based ADX has a 100% operating interest in the Iecea Mare Production license and wells.