Last checked at 22 Jan 2018 07:00
22 January 2018
Curzon Energy Plc
("Curzon Energy" or the "Company")
2017 Interim Financial Statements
Curzon Energy Plc, an energy company pursuing a targeted acquisition strategy of oil and gas appraisal and development assets, announces that its Interim Financial Statements, for the period ended 30 June 2017, are available on the Company's website (http://www.curzonenergy.com/investor-relations).
For further information please contact:
Curzon Energy PLC | c/o Camarco |
Stephen Schoepfer / Thomas Wagenhofer | +44 20 3757 4980 |
www.curzonenergy.com | |
SP Angel Corporate Finance LLP | +44 20 3470 0470 |
Richard Hail | |
Camarco (Financial PR) | +44 20 3757 4980 |
Georgia Edmonds / Owen Roberts / Monique Perks |
Notes to Editors:
Curzon Energy was founded in 2016, with the objective of acquiring oil and gas development and production assets initially in the USA. Its first acquisition is 100% of Coos Bay, c. 45,000 acres of known Coalbed Methane (CBM) Gas accumulations in Coos Bay, Oregon with 2C contingent resources of 273.5BCF, where it intends on implementing a cost effective staged development plan to maximise shareholder value, targeting first gas in Q2 2018. Management intends on building on its attractive asset base in the future, utilising its first mover advantage with further selective value accretive acquisitions.
The Company is led by an experienced Board and senior management team who have extensive industry and financial experience. Curzon Energy is listed on the LSE Main Market under the ticker CZN.
About Coalbed Methane (CBM):
Coalbed methane gas (CBM), coal seam gas (CSG), or coal-mine methane (CMM) is a form of natural gas extracted from coal beds. It is an unconventional form of natural gas found in coal seams or coal deposits. CBM is generated during the process of coalification which is the transformation of plant material into coal and is contained in the coal microstructure. Typical recovery entails pumping water out of the coal to allow the gas to escape. Methane is the principal component of natural gas. Coalbed methane can be added to natural gas pipelines without any special treatment. CBM is made up of 95 per cent methane and does not contain sulphur compounds such as hydrogen sulphite.
The United States has the longest history and greatest volumes of CBM production, however other
countries such as Canada, China and Australia have increased production over the last decade.