More from NIS ReportGreat news on Romania, I Quote:
"Exploration and Production Most of the investments planned by NIS by 2025 will be allocated for the exploration and production segment. In the upcoming period, NIS expects a slight decline in base oil and gas production compared to 2016, but it will be compensated for by the existing reservoirs engineering, geological exploration in Serbia, further development of the most profitable foreign concessions, primarily in Romania, as well as a steady operational efficiency increase."
Also:
"The eremia-1000 well was drilled through, the testing of all 8 intervals in the Ex-7 block was completed, and the well was closed in. The interEstimation of the increase in +3.1% hydrocarbon reserves in 2017 12/31/2016 Increase of 12/31/2017 reserves Hydrocarbons production Geological Exploration and Reservoir Engineering New reservoir engineering technologies were applied in the oilfields ‘Bramalj’ and ‘Majdan-plitko’. Other than that, within the programme of renewed testing of old wells, a deposit was put on stream 52 Performance Analysis vals tested are producing. The approval of the Teremia-1000 trial production programme and further exploration programme on the ‘Teremia North’ field at the National Agency for Mineral Resources of Romania is under way. Construction of roads for the Beba Veche Sud well location rig started. Permitting process related to seismic and exploration works continues in blocks Ex-2 and Ex-3."