Claren Energy announced on 24 June 2019 having entered into an agreement with Zeta Petroleum to acquire 60% interest in the Bobocu licence. Upon closing of the transaction interest in the licence will be held solely by Claren Energy. The licence is situated in the eastern part of the country about 150 km northeast of Bucharest.  The licence contains the Bobocu field which was discovered in the mid-sixties and put onstream in 1977. In 2012 Zeta Petroleum drilled and suspended the Bobocu 310 appraisal well with gas shows. The hole reached a total depth of 2,704 m. In December 2016 Zeta Petroleum started the Bobocu 310ST using the âMR-8000â rig. The sidetrack stepped out horizontally 600 m from the Bobocu 310 with three Upper Miocene sandstones objectives at depth ranging from 2,526 m to 2,712 m. In January 2017 a lighter rig had been mobilized for the testing operations. In late February 2017 Zeta Petoleum suspended the Bobocu 310ST appraisal with gas shows. The hole reached a total depth of 2,765 m in the Pontian. Zeta Petroleum completed cased-hole well tests on the âLobe Gâ and Corcova sandstone reservoirs and also tested the âLobe Hâ above the âLobe Gâ. The cased-hole logging program showed gas saturations between 30% and 40% but none of the perforated zones yielded commercial quantities of gas.  Before the deal, interest in the Bobocu licence was held by Zeta Petroleum (Bobocu) SRL (60% + operator) and Claren Energy Corp (40%).
Claren Energy (->100%) is acquiring remaining 60% operator share in Bobocu concession from GM Investment (GMI) for an undisclosed consideration.