“We are pleased to see the testing programme at IMIC-1 in Romania steadily approaching,” said co-chief executive Stephen Williams.
Plc () has told investors that a planned well flow test at the Iecea Mica-1 well in Romania is due to start within four weeks.
Once underway the programme is expected to last for nine days.
The company said it has taken the decision to proceed with the programme was based on recently recovered downhole pressure measurements.
Reabold owns a 50.8% interest in Danube Petroleum which holds 100% of the Parta Sole Risk Area which hosts the Iecea Mica-1 well.
“We are pleased to see the testing programme at IMIC-1 in Romania steadily approaching and we look forward to receiving the results of the flow test in due course,” Reabold co-chief executive Stephen Williams said in a statement.
“The testing programme will confirm the suitability of the gas composition for commercial sales and we continue to be encouraged by the potential resource upside across the licence, which will be further assessed later this year.”