March 30th 2011, Craiova, Romania

After a detailed review of the field management history and analysis of technical challenges encountered, Expert Petroleum has re-processed and re-interpreted 3D seismic data and built a new reservoir model which led to the side-track of well 4082. After reaching TD and logging, innovative completion and perforation technologies were used. We successfully tested the Lower Triassic thin sandstones reservoirs (which failed to produced in the past) at 250BBLS/day and 1200 KSCF/day.

The well will now be put in production optimizing existing surface facilities. Based on this successful test, other workovers will be conducted in order to further increase production and reserves of this field.