RE: RE: Pay Zones of up to 1000m thick. Lets just say I now know why Heritage is buying and Statoil is ponying up so much dough.
Ryder Scott is a wealth of information.Albeit a bit old in the sense of current situations and methods, but still huge in information.
Too many highlights really to go into. Let me copy and paste this and leave you with one other comment.
The primary proven source rocks in the Southern Georgina Basin are the organic rich “Hot Shale” of the
lower portion of the Arthur Creek Formation (Appendix 1, Figures 7 & 9). These shales range in
maturity from oil-mature to dry gas mature/over mature.
From my experience, and reveiwing the analysis, the seismics, and interpretations, they could literally drill anywhere and find hydrocarbons of a recoverable nature (with todays technology-don-t forget this report is a few years old) with proper recovery methods
.For the laymen the question would be that what would you pay for a situation which could provide 100 years of cash and product flow and numbers from billions to trillions in volume quantities.