JSX Energy Confirms Excellent Potential for Oil & Gas Discovery in Thailand's Mae Sot Basin
Monday May 7, 5:00 am ET
BANGKOK, Thailand--(BUSINESS WIRE)--JSX Energy's technical experts have confirmed statements regarding the discovery potential for liquid hydrocarbons in JSX's Mae Sot Basin. Their high degree of confidence is based on scientific conclusions drawn from seismic and other geophysical & geological data of the Basin. A comprehensive 2-D seismic reinterpretation study was recently conducted by Dr. Carl Goldwater and it generated significant new information, including the confirmation of "source rock maturity for oil generation".
ADVERTISEMENT
Goldwater's analysis of the Basin clearly indicates sediments buried to a maximum depth of 6000 feet. If deposition, burial history and thermal regime are similar to those of the Fang Basin as expected, then one would conclude that source rocks would become mature for oil generation at 3600 feet and deeper in a "kitchen area".
Goldwater is a highly qualified expert in Thai petroleum geology and geophysics. He has undertaken a number of extensive projects in the Country over the past 30 years, including a complete gravity survey of the Mae Sot Basin and an in-depth interpretation of the prolific Phitsanulok Basin, which includes the 380,000,000 barrel Sirikit oilfield next door to the Mae Sot Basin.
JSX ENERGY INC. (OTC:JSXG - News; FWB:JXN)(WKN:A0LGD2) (ISIN:US46629L1070) is an aggressive exploration company focused on high growth opportunities in Thailand's petroleum sector. Management is comprised of leading experts in Thailand's energy Industry who have positioned the Company to benefit from revised government policies designed to increase domestic production. JSX has 2,500,000 acres under three exclusive long-term petroleum concession agreements. Visit: www.jsxenergy.com
A number of statements contained in this report are forward-looking statements, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors not set forth herein. The actual results that the Company may achieve may differ materially from any forward-looking statements due to such risks and uncertainties.
Contact:
JSX Energy (Investor Relations)
Ms. Supeecha Hundstuen, +662-231-8299
Source: JSX Energy Inc.