Curzon Energy is a UK listed oil and gas company focused on shareholder value creation through strategic and targeted global oil and gas development and acquisitions. Its current focus is on the dramatic changes in US natural gas space, whether that be the shift to natural gas as the preferred transitional power source assisting decarbonization, or the rapid growth of US LNG exports across the world. These changes have significant effects around the world and can not only bring clear economic benefits and contribute to better functioning gas markets, but can also affect trade imbalances and geopolitics.
Currently, the Company has an asset in Coos Bay, Oregon where Curzon is 100% owner and operator of a known and tested coalbed methane gas accumulations on c. 45k acres.
The Coos Bay asset has historical positive test data; 86 to 419 BCF of contingent resources and up to 1,000 BCF of CBM gas in-place. The previous operator has spent C. $37m to date and has drilled 5 wells and laid 4 miles of pipeline running from these 5 wells, located within 15 metres of the regional pipeline. The project offers other advantages including a 16 year gas price premium to henry hub, and a large LNG terminal in the planning phase nearby.