Drilling and operations update.
TORONTO, ONTARIO--(Marketwired - Jan. 9, 2017) - Claren Energy Corp. ("Claren" or the "Company") (TSX VENTURE:CEN) is pleased to provide an update on its current drilling operations at the onshore Bobocu gas field, situated in the foreland basin of the Carpathians approximately 150 km NE of Bucharest.
The Bobocu 310 side-track well ("B310-ST1") is primarily targeting the Corcova reservoir, Lobe G and the BW2 sands which are Upper Miocene sandstone reservoirs. B310-ST1 has encountered to date Lobe G, Corcova sands, and two additional gas bearing sandstone intervals above the Corcova reservoir. According to the Company's mudlogs all of these sands have shown elevated gas content, and the logging while drilling data ("LWD") including gamma-ray and resistivity, further confirms the presence of gas.
Severe weather conditions in Romania have recently slowed the operations to reach total depth ("TD"). After reaching TD the Company will then commence open hole wire logging followed by casing, with drill stem test ("DST") results to follow approximately 10-12 days later.
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