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Ivanhoe Energy Inc. Message Board

  • leestoops leestoops Aug 31, 2013 6:53 AM Flag

    Recent Ecuador drill

    Any news whatever on the most recent test drill in Ecuador? I believe it was completed a couple months ago but I haven't seen a word about it.

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    • All the wells they have drilled are dusters. Its a bad property. Proved probable reserves ha what a joke.

      • 1 Reply to tribble2b
      • 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
        Napo River
         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.


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