Jimbolia-100 Well Reaches Target Depth

Romania-focused Zeta Petroleum announced Thursday that the Jimbolia-100 appraisal well has reached its target depth of 8,500 feet.

Spud Dec. 31, the well is located on the Jimbolia concession near the Romanian-Serbian border. It is targeting the Jimbolia Veche oil discovery, which has two hydrocarbon-bearing intervals and a current contingent resource of 1.7 million barrels.

Now that it has reached target depth, the well will be logged and a seven-inch liner will be run into the bottom section of the hole. A decision to test the well will be made on receipt of the logging results, said Zeta.

Zeta holds a 39-percent interest in the Jimbolia-100 well. The well is operated by NIS Petrol SRL, which holds a 51-percent stake.

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