| ONSHORE | |||
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ON Energy Inc. | ||
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Structure | ||
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Targets | ||
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Microseepage | ||
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Local Evidence | ||
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Aeromag | ||
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Exploration Program | ||
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Drilling Program | ||
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Directors & Officers | ||
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| Onshore | Targets | ||||
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| ON Energy believes the Berbice Block has excellent potential: | ||||
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Verified hydrocarbon source offshore | |||
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Basement highs onshore form barriers to further migration | |||
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Oil seeps onshore | |||
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Oil/gas shows from prior drilling | |||
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Rose Hall#1 heavy oil show in the upper Cretaceous in 1942 | |||
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Oil and gas shows in Skeldon water well | |||
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In fall 2003, geochemical analyses identified 22 prospective leads. | |||
| Exploration by Staatsalie has confirmed onshore potential | ||||
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Tambaredjo has reserves of 170 million bbls, equivalent to 1.2 million bbls per sq km | |||
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Calcutta, with a preliminary reserve estimate of 15 million bbls, was discovered in March 2003 using geochemical techniques | |||
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3 large geochemical anomalies have been mapped in Nickerie just across the Corentyne River from ON's Berbice Block | |||
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The Nickerie exploration wells are forecast to be drilled in 2005 | |||
The above map shows
the documented Canje world-class source kitchen, along with the
possible paths of hydrocarbon migration. In 2003, to identify prospective targets ON Energy selectively verified with 2-D seismic, however it used less expensive technologies to identify anomalous areas. These technologies included taking geomicrobial samples on a 250 m grid over the coastal portion of the Berbice Block, re-interpreting portions of a 100,000 km aeromagnetic survey, and incorporating gravity data into the analysis. |
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| In July 2003, Warren Workman, Vice President of Exploration for CGX, visited the Rose Hall #1 location in this sugar cane field. Drilling in 1942 encountered heavy oil at 6,100 feet. | ||||
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