February 6th, 2009 Bucharest, Romania
As a reaction to the article issued by Evenimentul Zilei the 6th of February, associating the name of Expert Petroleum Filiala Medias SRL to the moldavian company registered in Bucharest, Expert Petroleum SA, we would like to state the fact that our company has no commercial or legal connection with the latter. Expert Petroleum , HQ in Targu Mures, represented by Mr. Engineer Michel Louboutin, has no connection with Expert Petroleum SA Bucharest- Moldavian owned.
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January 27th , 2009, Bucharest, Romania
The Romanian National Mineral Agency has confirmed the transfer of the Salonta field to Expert Petroleum, the Salonta field is a mature gaz and condensate field spreading over the Romanian/Hungarian border. On the Romanian side there is more than 300 MMSCM of gas and 1.3 MMBBLS of condensate remaining. Most of the reservoir (4/5th) is currently producing on the Hungarian side and being operated by MOL.
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November 17th ,2008, Bucharest, Romania
Expert Petroleum SRL has acquired 100% interest in Valuta, which is a deep and complex oil, gaz and condensate field next to our existing field Stoineita. Valuta has more than 2.5MMBOE proven reserves but with important potential for reserves and production increase using latest know-how and technology.
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