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DGAP-News: CASSONA SE / Key word(s): Drilling Result CASSONA SE: CASSONA successfully produces crude oil

09.01.2014 / 16:03

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CASSONA starts to successfully produce crude oil on its oil field in Alberta (Canada). Since 6 January 2014 the first well achieves a production of 220 barrels per day.

Frankfurt (9 January 2014) - CASSONA SE (COE) reports that the prospection and exploration of crude oil on CASSONA's oil property in the Canadian Province of Alberta have been successful. Since 6 January 2014 they achieve a production of 220 barrels per day on the first well.

'We are excited that we can celebrate the successful beginning of our crude oil production', exclaims the CEO Guido Quadri.'Our boys have been working without a break during Christmas and New Year at these frigid temperatures of 40 degrees below zero!' CASSONA owns an oil field in the Red Earth Area in the Province of Alberta in Canada. The company has started the oil production on the first well in one of the nine sections of the oil property.

The production license enables a total of up to 72 wells on the property. The first well has started production with vertical drilling. 'That means we have not yet switched to the much more profitable horizontal drilling', states Quadri. 'Our Experts still are projecting the total production volumes we can achieve on our property.'

CASSONA is an investment corporation for targets of the business sectors natural resources, mining and 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 ir@cassona.de http://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.

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PRESS RELEASE: CASSONA SE: CASSONA successfully produces crude oil