ACDP As a result of the log and seismic data, there is evidence of the existence of oil and gas bearing sands at the following intervals:
* 520 to 538 feet – see log diagram
* 2,948 to 2,965 feet – see log diagram
* 3,255 to 3,295 feet – see log diagram
* 3,700 plus – this deeper target has never been tested and the plan is to test for this zone down to 4,300 feet.
The engineer reports that if these sands are oil saturated the possible total estimated oil in place is estimated could be 407,000 000 barrels. Using a conservative 10% recovery factor, 41,000,000 barrels in place would be recoverable.
In addition to the possible oil reserves, the possibility of significant gas reserves in multiple zones also exists
IT AIN'T EASY BEING GREEN!
