Original Oil in Place:
4.7 to 12.0 billion barrels in the main
field, north of the Napo River
180 to 480 million barrels, south of the
Total Best Case (Block 20) – 6.7 billion
(Gaffney Cline & Associates, December 31, 2012)
Gaffney Cline will risk their reputation on our little ol IVAN. Duster....
Drilled one exploratory well to test deeper structures; reaching a depth of 13,594 ft.
- Confirmed presence of hydrocarbons in the Hollin and Napo formations; resulting in additional OOIP
resources south of Napo River
- Potentially opens up a major new oil frontier in the pre-cretaceous
As you know, the pre-cretaceous is a key priority of the EC gov. as major producing zone in other countries.
They leveraged the unique capabilities of the cooker to gain access to this multi-billion barrel property. This is a complex deal that will move forward and be in the light of day very soon......probably by end of September. The quality of the partner we have secured along with the consortium will not surprise those who know RF. Do more DD before you sound like a complete idiot.