FORBACH, France--(BUSINESS WIRE)--Regulatory News:
La Française de l’Énergie (Paris:LFDE) (LFDE) is pleased to announce the CBR-1 well, currently being drilled at Lachambre in the Moselle region in France, has successfully reached its second target located at 1178 meters' depth, constituting a coal seam stack of 7 meters true vertical thickness. The core analysis have demonstrated an excellent gas content, above 10 m3/ton. Petrographic analysis of the cores has confirmed the presence of a well-developed natural fractures network, a typical feature of the coal seams in the Lorraine basin.
The objectives of the stratigraphic well CBR-1 being 100% fulfilled, La Française de l’Energie has started the deviated part of the well, in order to test the potential of coal seam Gamma with multilaterals.
La Française de l’Energie is the operator and sole holder of the exclusive exploration permit Bleue Lorraine, on which the CBR-1 well is located.
Reuters code: LFDE.PA Bloomberg code: LFDE.FP
About La Française de l’Énergie
Awarded the young innovative status by Bpifrance since June 2013, La Française de l’Énergie is a dynamic SME headquartered in East of France and the first gas producer in France. Specialised in the coal bed methane and coal mine methane production, La Française de l’Énergie produces a local high quality energy from the significant gas resources contained in the former mining basins of North-Eastern France. With the development of this local and strategic energy, La Française de l’Énergie builds an economically and ecologically competitive project with significant value added for the local communities.
More information available on www.francaisedelenergie.fr