Argentina
Project #1
Production for Sale
This is a 25 year concession with an 8% royalty obligation. Three fields on this concession:
the first producing 277 BOPD, second 82 BOPD and the third 25 BOPD. The first field has 843 MBO in recoverable reserves, the second has 289 MBO and the third has no booked reserves but is producing (25 BOPD). An "non-commercial" discovery is on this block which may have some additional exploration potential.
Project #2
Neuquen Basin
230 sq km of 3D shoot on the block, discovery well tested 4.6 MMCFPD and 200 BCPD, after frac well tested 6.4 MMCFPD, 516 BCPD on a 48/64" choke FTP 861 psia from formation 3,655m. Minimum reserves estimated at 20 MMBC.
Project #3
Operator seeking partners for seven Neuquen Basin Blocks
Australia
Western Offshore
Bonaparte Basin
Project #1
A 75% W.I. in exchange for funding seismic program. Undeveloped discovery found reservoir at around 2,300m and a 51m gross pay 30.6 net pay
Project #2
Four way closure on the Top Hyland Bay Formation of 11.3 sq km, 200-250MMBO prospect.
Perth Basin Offshore
Project #3
Prospect with 350-1000mmbbls potential identified after recent 4800 km 2D seismic survey.
Browse Basin
Project #4
Stratigraphic plays in large submarine fans have been identified with reserve potentials of 75 - several hundred MMBO.
South Carnarvon Basin
Project #5
Two main plays, Devonian reefs and Point Maud Member, 3 prospects with:
Prospect 1- structure has a potential 750 MMBO and 354 BCF.
Prospect 2- structure has a potential 143 MMBO and 150 BCF.
Prospect 3- structure has a potential 38.7 MMBO.
Northern Territory, Offshore
Bonaparte Basin
Project #5
A seismic program of 3,330 km of 2D seismic has identified several leads with potentials of 1 TCF+.
Queensland, Onshore
Nagoorin Basin
Project #7
Prospect 1500m prospect with 50MMBO potential, two undeveloped gas discoveries on the acreage testing 500,000 cfp/d and the other 176 Mcfd.
Cooper-Eromanga Basin
Project #8
Three Permits:
Permit 1 - One prospect with "tens of millions" in potential reserves.
Permit 2 - 6 to 9 MMBO recoverable
Permit 3 - prospect with 100 MMBO+ potential
Victoria Offshore
Otway Basin
Project #9
Five Tertiary and late Cretaceous leads, one lead covers 96 sq km. A 1,000 km 2d or 100 sq km 3D over one lead will earn 80% interest.
South Australia, Offshore
Project #10
Four shelfal leads and one deepwater lead with a potential 1,400 MMMBL, earn interest by funding 405 sq km 3D seismic survey.
Great Australian Bight Basin
Project #11
Two play types, Gnarlyknots and Springboard Trends, a total of 42 prospect identified with unrisked mean volume is 16,238 MMMBBLS.
Egypt
Gulf of Suez
Three farmouts available:
Project #1
Prospect with 50-100 MMBO potential, nearby discovery made flowing 5,500 BOPD and 3 MMCPPD. 3D survey is currently in progress.
Project #2
50% interest available in onshore Gulf of Suez prospect, 5 exploration wells planned. Four prospects have a 1.2 billion barrel, 400 MMBO recoverable potential.
Project #3
50% interest available in onshore Asyut Sub-basin prospect.
Belize
Farmout available on two offshore blocks, 150-200 core sample program has been completed followed by a 250-300 km 2D seismic survey.
Brazil
Project #1
Barreirnahas Basin, four way closure in Cretaceous section, looking to drill a deepwater test to 4,600m.
Project #2
Offshore Campos Basin, ultra deepwater heavy oil discovery with 300 MMBO in recoverable reserves. Oil zone at 3,500m-3544m.
Project #3
Santos Basin, Albian Guaruja Formation salt induced structure, test at 4,900m. Water depth is 300m with a potential of 200 MMBO.
Bulgaria
Deep offshore farmout of up to 70% interest available, re-processing 1,200 km of 2D and acquiring 2,000 km of new 2D.
Cameroon
Project #1
3D seismic program in progress, 2,314 sq km area in the Niger Delta and Douala Basins, test well planned.
Project #2
Offshore 2307 sq km permit in south part of the country, water depth to about 600m.
Chile
Gas Condensate discovery of 3 MMdfpd and 750 bc/d in fractured basement, another DST at around 4000 meters flowed 11.5 MMcfpd and 2,000 bc/d
China
A 50% interest is available in 2 blocks in the Pearl River Area of the South China Sea.
Colombia
Middle Magdalena Basin, 735 sq km, granted 12/03 six year exploration period with 22 year production period.
Middle Magdalena Basin, 120 km of 2D seismic completed to identify trap play at 1,676m along with a deeper Cretacious prospect with potential reserves of 19 MMBO.
Congo
Offshore 1,396 sq km block in 110m of water 700 sq km of 3D and one well is the work program.
COTE D' IVORIE
Two blocks, 2,253 sq km maximum water depth is 500m-1,500m several small undeveloped discoveries on blocks. Six prospects located in the Albian, Cenomanian and Senonian sands.
Deep water block with 8 prospects in Albian four-way structures, total potential of 2 billion BO.
Two blocks, 3,493 sq km, 150 km of 2D acquired 3D planned. Prospect in a tilted fault block in the Albian, similar to Espoir, 100 MMBO potential.
