Claren Energy Corp, (TSX VENTURE:V.CEN) is pleased to announce that the Bobocu 310 side-track well (“B310-ST1”) onshore Romania has reached Total Depth (“TD”) of 2,765 meters (9,071 feet).
B310-ST1 has successfully drilled through the Lobe G sandstone and the Corcova sandstone which are Upper Miocene reservoirs. Lobe G was penetrated at 2,657 meters (8,717 feet), and the Company’s primary target Corcova was subsequently penetrated at 2,696 meters (8,845 feet).
The presence of gas was confirmed in Lobe G and Corcova based on the mud log data, and the logging while drilling data (“LWD”) including gamma-ray and resistivity tools. Three additional thinner gas sands (Lobes K, J and H) were also penetrated above Lobe G, whose economic value will be assessed at a later stage. read more