Petroleum Exploration Opportunities in Jeanne d'Arc Basin , Call for ...

Conclusions
• Recognized risks in regard to reservoir quality and fault seal are mitigated by the
presence of relatively large undrilled features and the presence of adjacent oil and gas
accumulations
•Geological risk can also be reduce by using pre-stack and post-stack stack seismic analysis
and CSEM methods
•All the prospects and leads in the parcel are located in water depth d
varying between
90 -110 m and close to existing infrastructure and can be drilled with relatively
shallow wells (2500-4000 m)
• The half dozen prospective tilted blocks located in Parcel NL09-01 01 are undrilled.
They can significantly add to the Jeanne d’Arc d
Basin recoverable reserves in the range
of several hundred million barrels
•This parcel constitutes a large exploration block situated in shallow water suitable for
jack up rigs in an area with proven oil accumulations
•The parcel will give a new entrant operator in the area an excellent lent opportunity of
participating in a proven oil play located in the most rewarding basin of Canada’s s East
Coast;
• For an existing operator the parcel provides a great occasion to increase its
prospective portfolio and add significant oil reserves
Enachescu, NL DNR 2009