TSXV:ART.H - Post by User
Comment by
Buzzwordon Dec 28, 2010 12:43pm
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Post# 17898870
RE: RE: RE: RE: RE: EVERYTHING IS NOW IN PLACE FOR
RE: RE: RE: RE: RE: EVERYTHING IS NOW IN PLACE FORSure ...if you mean spelling then let me rephrase : 'great geological oil bearing structures'
What do i mean by this : we have an anticline structure that is comparable to Kirkuk which holds 16 billion barrels of oil.
It stretches the whole length of the block with existing oil seeps. Our block is adjacent to Heritage Miran block which has found possibly 3 - 4 billion barrels of oil. Our block is next door to WZR ( they claim they have found oil but will await proof) Then you have Bazian Block an extension to our Block they claim to have found 1.6 billion barrels of oil but not confirmed by KNOC this was an alleged claim from a ministry official & not confirmed by KRG.
Now the most important part every iraq/kurdistan find has been found in the primary trap of an anticline . This bolds very well for Vast as :
The Qara Dagh Block is in the Zagros Fold Belt in Kurdistan. It is a linear northwest-southeast
trending block approximately 65 kilometres long located approximately 20 kilometres
southwest of the city of Sulaymaniyah in northeastern Iraq close to the Iranian border. The
Qara Dagh Block is 17 kilometres wide at the south end narrowing to 10 kilometres wide at the
north end. The gross area of the Qara Dagh Block is 846 square kilometres. The most salient
topographical feature of Qara Dagh Block is the Qarah Dagh Mountain, which trends
Northwest to Southeast and is 65 kilometres long and an average of six kilometres wide.
The Qara Dagh Block is located 33 kilometres southeast of the Chemchemal Field and 60
kilometres east of the giant Kirkuk oil field. Vast considers the Qara Dagh Block to be
reasonably accessible with numerous secondary roads and trails.
Geology Description
Northeast Iraq has a strong northwest to southeast structural fabric caused by the collision of
the Arabian and Central Iranian Plates. The resulting compression has created the
mountainous Zagros Thrust Belt to the east transitioning into a fold belt in the Sulaymaniyah -
Kirkuk area. The linear anticlines in this area have been proven to trap hydrocarbons both in
Kurdistan and to the southeast in Iran. The Kirkuk Field is formed by the largest anticline in the
area which is 150 kilometers in length. Other fields on similar structures include Chemchemal,
Kor Mor, Bai Hassan, Jambur and Hamrin in Iraq and Emam Hassan across the border in
neighbouring Iran. Surface mapping has indicated that the Qara Dagh Block includes a
substantial northwest to southeast anticlinal feature that plunges to both the northwest and
southeast to create a four way closure. This type of structure is the predominant productive
style at Kirkuk and many of the other productive fields in the area. Surface mapping shows that
the axis of the anticline has obviously been eroded and that transverse faults cut across the
feature at various points to create three separate domal features. Surface oil seeps have been
reported in the area; these suggest that source rocks and a hydrocarbon migration pathway
are present. The Kirkuk oil field is known to be sourced in the Jurassic Sargelu Formation and
Vast anticipates similar source rocks will be present in this area.
The Upper Tertiary formations are exposed at the surface in the core of the Qara Dagh
anticlinal structure restricting exploration targets to the Cretaceous areas. The deeper targets
are likely to be gas and/or condensate prone while oil accumulations in the territory may have
relatively high gas/oil ratios and with associated gas caps.