TIDMCZN

RNS Number : 8460Z

Curzon Energy PLC

20 December 2017

20 December 2017

Curzon Energy Plc

("Curzon Energy" or the "Company")

2016 Annual Report and Accounts

Curzon Energy Plc, an energy company pursuing a targeted acquisition strategy of oil and gas appraisal and development assets, announces that its Annual Report and Financial Statements for the year ended 31 December 2016, that were previously disclosed in the Company's IPO Admission materials dated 29 September 2017, have been filed at Companies House and 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 / Kimberley Taylor 
 / 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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

ACSGGGCCPUPMGQB

(END) Dow Jones Newswires

December 20, 2017 02:00 ET (07:00 GMT)

Curzon Energy (LSE:CZN)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Curzon Energy Charts.
Curzon Energy (LSE:CZN)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Curzon Energy Charts.