(AIM BPC) THE BAHAMAS

More documents

Recommendations

Info

cm Great Isaac Oolite – Anhydrite Reservoir – Seal Pairs G reat Isaac 10,313’ OM IG 1 m m 10,343’ OOID GRAINSTONE - PRESERVED INTERGRANULAR (IG) & LEACHED OOID GRAIN MOLDS (OM) POROSITY EXCELLENT RESERVOIR POROSITY (BLUE DYE) & PERMEABILITY CHARACTERISTICS ANHYDRITE – SEAL ROCK NOTE: ANHYDRITE IS <strong>THE</strong> TYPE SEAL ROCK FOR <strong>THE</strong> WORLD’S LARGEST OILFIELD IN SAUDI ARABIA Appendix 1.1
Seismic Data Analysis- February 2011 RNS Number : 4546B Bahamas Petroleum Company PLC 18 February 2011 · Preliminary onboard processing of recently completed 2D seismic survey in southern Commonwealth of Bahamas waters shows numerous structures with four way dip closure significantly larger than previously expected. · Detailed processing will take approximately two months, which will verify the preliminary interpretations and give further in depth analysis. · Potential 3D seismic survey being considered with a number of suitable vessels available on short notice. · The presence of a potential Middle Jurassic salt layer may point to a further "sub-salt" play in the area. Bahamas Petroleum, the oil and gas exploration company with licenses in The Bahamas, is pleased to announce the posting on its website of two recently completed, independent consultant studies by Dr. Mark Rowan of Rowan Consulting Inc (Jan 2011) and Mr. Ozanisch of Lago Petroleum Consulting (Feb 2011). These documents provide important results from the June 2010 fully processed Pre-Stack Time Migration (PSTM) data along with preliminary mapping results of shipboard analysis of the January 2011 2D seismic survey. Both provide evidence of 'giant' size structures in the southern licences held by the Company's subsidiary, Bahamas Offshore Petroleum Ltd., capable of holding several hundred million barrels of oil. They provide the first structure maps documenting the size and extent of closure of these features, based on 1,120 km of seismic data and demonstrate the consistency of fold formation, the continuity of folds along the structural trend, the ability to seismically map internal stratigraphic consistency (i.e., continuity of reservoir-seal strata) across the folds and the geometric form of the folds. These results are preliminary and the full PSTM processing of the 2011 2D seismic data is due for completion by end April 2011 and will form the basis for detailed structural interpretation and prospect evaluation. In addition to the seismic data, gravity and magnetics data were acquired which are currently being processed. Dr. Paul Crevello, CEO of Bahamas Petroleum Company Plc , said: "Rowan and Ozanich's reports are significant because they provide the first modern interpretation of seismic data and exploration potential of the Bahamas Offshore Petroleum licences from the Bahamian fold belt. These independent studies verify the extent and style of structural geometry of the large-scale folds which was not possible from the historical seismic data. "Improved technology enabled exceptional resolution within the folds, allowing us to see for the first time the lateral continuity of potential reservoir and sealing strata. These studies are important for several reasons: Appendix 2
Page 1 and 2: (AIM: BPC) THE BAHAMAS: A GIANT OIL
Page 3 and 4: Google Image showing Bahamas Petrol
Page 5 and 6: Bahamas Petroleum Company Board Ala
Page 7 and 8: Corporate Overview GBP USD Price* 0
Page 9 and 10: Bahamas Petroleum Company Technical
Page 11 and 12: Iraq Libya Sierra Leone Egypt Gabon
Page 13 and 14: Bahamas Petroleum Company Technical
Page 15 and 16: Previous Wells Drilled - Core Inter
Page 17 and 18: Giant Prospects - Bahamas Petroleum
Page 19 and 20: Size of Prospects Identified by Jan
Page 21 and 22: Giant Prospects - Bahamas Petroleum
Page 23 and 24: Key Conclusions • First mover adv
Page 25: Historical Bahamas Activity WELL YE
Page 29 and 30: Seismic Data Analysis September 201
Page 31 and 32: Conclusions of the Report "The Baha
Page 33 and 34: Licence Application Update - August
Page 35 and 36: Buckeye Partners-February, 2011 Com
Page 37 and 38: Repsol moving ahead with Cuba Oil P
Page 39: Preliminary results for the year en

(AIM BPC) THE BAHAMAS

Create successful ePaper yourself

Delete template?

Save as template?