The plan, if the pair decides they like it, is to jointly finance and develop the project, which Curzon said offers “multi-TCF (trillion cubic feet) potential”.
London-listed Curzon added the potential terms and joint investment structure are currently under investigation.
“We are pleased to be working with Pared to evaluate an opportunity that offers participation in the development of a natural gas project in the South Texas region of the United States,” said chief executive Scott Kaintz.
“Pared's skills in identifying overlooked and often neglected reservoirs where modern horizontal drilling and multi-stage completion methods have yet to be deployed offers the chance to jointly build an exciting new gas project with the potential for scale and delivering attractive investor returns.”
He added: “The gas development project we are evaluating alongside Pared would complement our existing Coos Bay CBM assets with both near-term production and multi-TCF gas resource upside.”
Shares rose 5.4% to 3p in early deals on Wednesday.