Romania: Winstar to spud oil, gas exploratory wells
Winstar Resources Ltd., Calgary, is to spud two exploratory wells by mid-October in northwestern Romania near the border with Hungary.
One is an 1,800-m oil test at Madaras field, and the other is a 1,550-m gas test at Moftinu field. Both offset older wells that encountered hydrocarbons.
Winstar will operate and pay 100% of the cost of the wells as part of the work commitment under a farmout from Rompetrol SA on the 459,339 net acre Satu Mare concession.
Alan Petzet | Chief Editor Exploration
Alan Petzet is Chief Editor-Exploration of Oil & Gas Journal in Houston. He is editor of the Weekly E&D Newsletter, emailed to OGJ subscribers, and a regular contributor to the OGJ Online subscriber website.
Petzet joined OGJ in 1981 after 13 years in the Tulsa World business-oil department. He was named OGJ Exploration Editor in 1990. A native of Tulsa, he has a BA in journalism from the University of Tulsa.
