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Petrobank Energy and Resources Ltd
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May 2014 Corporate Presentation
| John D. Wright | Page 18 of 11 |
September 20, 2024
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"May 2014 Corporate Presentation"
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18 CORY MORUGA EXPLORATION PROGRAM Jacobin 1 Location Location is northwest of the well established Moruga West Field targeting the Miocene Herrera and Oligocene Lower Cipero sandstones Location is based on 3 - D seismic interpretation and supported by Rex Virtual Drilling technology Spud April 29 , 2014 , proposed T . D . 6 , 700 feet, AFE Amount $ 4 . 3 MM US (gross), $ 697 M US (net to Touchstone) Currently at 2 , 050 feet - drilling ahead on intermediate hole Penal Barrackpore Field Discovered 1911 Cum. Oil = 257 MMBbls Cum. Gas = 606.2 Bcf 29 30 ° API Oil Reservoir = Herrera Gr7a - Gr7c Carapal Ridge Field Discovered 2001 Cum. Production= 109 MMBOEs Gas and Gas condensate Reservoir = Herrera Gr7a - Gr7c Moruga West Field Discovered 1943 Cum. Oil = 11.9 MMBbls Cum. Gas = 26.7 Bcf 36 ° API Oil Reservoir = Herrera Gr7a - Gr7c Snowcap 1 Green Hermit 1 Jacobin 1 Gr7a (Herrera Formation) Structure and Offset Producing Fields RVD Anomaly Identified within Herrera and Lower Cipero Horizons Jacobin 1