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Curzon Energy PLC (LSE:CZN)

Regency owns 8.9% of Curzon Energy Plc a US focused natural gas developer.

Key Facts

100% Owner of Coos Bay Energy CBM Project in Oregon, USA

Negotiating Commercial Terms on Pared Energy - Texas Gas Play

Focused on Identifying, Acquiring and Developing US Oil and Gas Assets

Curzon Energy is 100% owner and operator of approximately 47,000 acres of known and tested Coalbed Methane (CBM) Gas accumulations in the Coos Bay area of Oregon.  It has also entered into an MOU with Pared Energy to jointly develop a large multi-TCF gas project in Texas.

Coos Bay Coal Bed Methane Project Highlights:

 45,000+ acres of known gas bearing coals

1 TCF of gas in place and 273 BCF of 2C resource

12 historic wells with 5 tested in 2017-18

Over 400 potential well locations

12 inch regional pipeline crosses the property

Low royalty rates

$38 million + historic spend

Multi-year natural gas price premium to Henry Hub

Regional LNG terminal planned

10 distinct coal seams with net thickness of 70+ feet

Average permeability of 6 millidarcies

Inexpensive well drilling and development costs

Pared Energy Project:

o   Curzon is working with Pared to evaluate an opportunity that offers participation in the potential development of a major onshore natural gas project

o  The project is centred in the South Texas region and offers multi-TCF potential

o  Pared and Curzon will seek to jointly finance and develop the project

o  Potential terms and joint investment structure are currently under negotiation

o   The gas project being evaluated fits with Curzon’s stated strategy of broadening its asset base by acquisition and complements Curzon’s Coos Bay project

More information can be found at www.curzonenergy.com

Curzon's Wells are Located in a Historic Logging Region
Curzon’s Wells are Located in a Historic Logging Region

 

5 Wells with Pads and Water Tanks are In Place
5 Wells with Pads and Water Tanks are In Place

 

One of 5 Existing Wells Awaiting Long Term Testing and Connection to the Regional Pipeline
One of 5 Existing Wells Awaiting Long Term Testing and Connection to the Regional Pipeline

 

Gas, widely considered the “fuel of the future”, continues to be the preferred fossil fuel in the United States having risen in 2015 to 33% of US power consumption with steadily increasing demand and relatively low levels of development activity and the Board of Regency considers Curzon an ideal access vehicle to this growth market.

12in Coos Bay Gas Pipeline Runs Across the Property is <10m from Existing Field Infrastructure
12in Coos Bay Gas Pipeline Runs Across the Property is <10m from Existing Field Infrastructure

Other Operations and Investments