Zeta Encounters Gas Shows at Romania Well

Zeta Petroleum plc announced that the Bobocu 310 well has been successfully drilled to target depth at 8,871 feet (2,704 meters) and has encountered gas in multiple sands.

The Bobocu 310 well spud on July 23, 2012 and was drilled to target depth on August 15, 2012. Wireline logs were then run in the hole to identify and test reservoir properties including porosity.

During the wireline logging operation indications of gas were seen at multiple levels and the well will now be cased in preparation for drill stem testing. It is expected that this will take 10 days to complete this operation.