FOLLOWING-UP CONTRACT WITH EXPERT PETROLEUM

After successful deepening of four wells in the Ticleni field in April 2017, Tacrom Drilling has been awarded an additional three wells contract in the area of Ticleni and Timis.

Timis is an Oil and Gas producing field, which was discovered in 1962. The first well was drilled in 1968. Today 63 wells are producing Hydrocarbons out of the structure Satchinez. The Drilling Campaign will proceed until December 2017.

The Drilling Campaign will proceed until December 2017.

Futura 5 will be mobilized in the 2nd half of October 2017.