DGAP-News

CASSONA prepares the horizontal drilling in Alberta

DGAP-News: CASSONA SE / Key word(s): Miscellaneous
CASSONA prepares the horizontal drilling in Alberta

16.05.2014 / 11:31

---------------------------------------------------------------------



CASSONA prepares the horizontal drilling in Alberta

After beginning to work on the pilot well in Q1, CASSONA prepares to expand
the light oil production in the Red Earth area and intends to exploit as
well the proven heavy oil deposits.

Frankfurt (16 May 2014) - CASSONA SE (COE) gives an update on the
progresses of the crude oil production in Alberta. Since the first quarter
2014, CASSONA is producing light oil on the first pilot well on its
property in the Red Earth area in Canada. "The expert's opinion confirmed
the amount of 50.8 million barrel light oil. With the producing pilot well
we have started to put these vast resources into production", confirms the
CEO Dr. Guido Quadri. "We are now planning to expand our production with
horizontal drilling starting in December 2014."

Contemporaneously to the production of light oil from the Slave Point
formation, CASSONA has initiated to prepare the heavy oil production and
the company intends to establish blending facilities to exploit the proven
reserves of 102.6 million barrel heavy oil of the Peace River formation.
"We are currently identifying the best drilling locations and we have to
negotiate with selected drilling companies", states Dr. Quadri. "What makes
the difference is that we are not just owning the proven reserves, we as
well intend to be successfully in production with these reserves."

CASSONA is an investment company for targets of the business sectors oil &
gas and other natural resources, mining and related infrastructure. CASSONA
is a European corporation with domicile in Frankfurt Main. The shares are
listed at the regulated market of GXG Markets and they are traded at the
Open Market of Frankfurt Stock Exchange FWB and at Berlin Stock Exchange
(ISIN DE000A1C6T63).


CASSONA SE
Schubertstr. 14
60325 Frankfurt Main
Germany

[e-mail]
www.cassona.de

This announcement contains forward-looking statements that are based on
current assumptions and forecasts of the management of CASSONA SE. Known
and unknown risks, uncertainties and other factors could lead to material
differences between the forward-looking statements given here and the
actual development, in particular the results, financial situation and
performance of our company. The company assumes no liability to update
these forward-looking statements or to conform them to future events or
developments.

(c) 2014 CASSONA SE is a European corporation in the legal form societas
europaea (SE) with headquarters in Frankfurt am Main, country of origin
Germany and first quotation at the Danish stock exchange GXG Markets A/S in
the EU regulated market segment GXG Official List.


End of Corporate News

---------------------------------------------------------------------

16.05.2014 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------


Language: English
Company: CASSONA SE
Schubertstrasse 14
60325 Frankfurt
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.cassona.de
ISIN: DE000A1C6T63
WKN: A1C6T6
Listed: Freiverkehr in Berlin; Frankfurt in Open Market ; GXG


End of News DGAP News-Service
---------------------------------------------------------------------
268997 16.05.2014