Zeta Petroleum has submitted a request to NAMR for transfer of its 39% stake in DEE V-20 Jimbolia to NIS, as full settlement of funds owed on the concession. Zeta confirmed the formal request on 6 August 2018, having earlier announced the pending transfer on 27 October 2017. The Pannonian Basin production concession is located in the western Timis County, along the Serbian Border. It contains the Jimbolia Veche discovery (1983, Petrom) which tested 120 bo/d from Pliocene VIII reservoir, and was most recently appraised by Jimbolia 100 (2013, NIS) which flowed at a maximum rate of 2.38 MMcfg/d and 21 bc/d from Pliocene sandstone intervals between 2,522m-2,536m, although the oil leg appraisal was unsuccessful. As previously reported, Zeta assigned its other Romanian assets (100% of Bobocu and 50% in E IV-1 Suceava) to 29.9% shareholder GM Investment & Co in February 2016, as settlement of US$ 2.9 million accrued debt. Pending formal approval of Zeta's exit, DEE V-20 Jimbolia concessionaires are NIS Petrol Srl (51% + Op), Zeta Petroleum (Jimbolia) Srl (39%), and Armax Gaz SA (10%). 
NIS to acquire Zeta's 39% stake in DEE V-20 Jimbolia block.