Could ROZ still Pop with a BuyOut ?A: - that could be possible / Q - is it probable ? - No one is telling - Here is where ROZ may be at - potential or downfall : you assess -
From: —————————
Subject: rozpfc
Date: February 19, 2014 at 3:00:52 PM PST
the hope for ROZ and a Good Upside
could be just around the corner, and might be announced very soon.
( important announcement info. has to be revealed before end of March, 2014,
as to the continuation / and potential of ROZ interests, or the demise of same )
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1) Confirmation of good oil and gas potential for the region :
Studies revealed in 2014 and 2013 can be found here:
https://www.ga.gov.au/energy/projects/onshore-petroleum.html
key resource basins / regions near ROZ region :
Officer Basin - main ROZ region - Neoproterozoic-Paleozoic sedimentary basin
Arcaringa - immediately east of - Paleozoic sedimentary basin
Kidson - north west of - Paleozoic-Mesozoic sedimentary basin
Pedirka - north east - Paleozoic sedimentary basin
Amadeus - father north - Neoproterozoic-Paleozoic sedimentary basin
Basin Geology :
onshore = https://www.ga.gov.au/energy/province-sedimentary-basin-geology/petroleum/onshore-australia.html
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2) this huge geographic region, is still quite unknown :
The large intracratonic Neoproterozoic to Late Devonian Officer Basin of Western Australia and South Australia covers about 410 000km2
The basin is poorly explored, with only about 15 000 line-km of 2D seismic coverage and only about 20+ exploration wells have been drilled. Numerous hydrocarbon shows from four distinct oil families are recorded from Neoproterozoic and Cambrian sediments, but there have been no commercial discoveries at this time.
Arckaringa Basin is still considered to be an untapped Major Energy Basin.
Australia’s government considers the huge energy resource potential :
https://www.ga.gov.au/products/servlet/controller?event=GEOCAT_DETAILS&catno=70142
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3) large investments are required
- Major companies need to step up to the plate in order to realize rewards.
Could STATOIL assistance be Rodinia’s fate ? would it kick in to assist ? Just like they did for PFC, the related company ? Note all the B.o.D's and staff similarities !!! - V.PFC and V.ROZ
Unconventional resources are natural resources which require greater than industry-standard levels of technology or investment to exploit. In the case of unconventional hydrocarbon resources, additional technology, energy and capital has to be applied to extract the gas or oil, replacing the natural action of the geological processes of the petroleum system. In the Australian context, coal seam gas is the unconventional hydrocarbon resource that is most developed.
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4) Rodinia’s resource potential - re: Oil Shale Basin ?
****** see MAP of known OIL SHALE BASIN Regions = https://www.ga.gov.au/energy/petroleum-resources/oil-shale.html
Oil Shale - Oil shale is a fine-grained sedimentary rock containing large amounts of organic matter (kerogen), which can yield substantial quantities of hydrocarbons. Oil shale is essentially a petroleum source rock which has not undergone the complete thermal maturation required to convert organic matter to oil. In addition, the further geological processes of hydrocarbon migration and accumulation which produce conventional crude oil resources trapped in subsurface reservoirs has not occurred. The unconventional shale oil resource can be transformed into liquid hydrocarbons by mining, crushing, heating, processing and refining, or by in situ heating, oil extraction and refining. One tonne of commercial grade oil shale may yield from about 100 to 200 litres (L) of oil, that is approximately a half to one barrel of shale oil per tonne of oil shale.
Australia has a large unconventional and currently non-producing identified shale oil resource of 131 600PJ (22 390mmbbl) which could potentially contribute to future oil supply if economic and environmental challenges can be overcome.
FYI - about production:
There was no oil being extracted from oil shale in Australia between 2004 and September 2011.
In September 2011, Queensland Energy Resources Ltd (QER) produced its first crude oil from its demonstration Paraho IITM vertical shaft kiln processing plant at the Stuart deposit near Gladstone, central Qld. The oil is being stored in secure tanks on-site, awaiting commissioning of the oil upgrading unit (refinery).
The QER demonstration plant achieved stable production capacity of 6000 tonne of shale per day and oil yield totalling 4500 barrels per stream day while maintaining product quality and adhering to Environment Protection Authority emissions limits. The oil products from the demonstration plant were Ultra Low Sulphur Naphtha (ULSN) 55% to 60% and Light Fuel Oil (LFO) 40% to 45%. The ULSN, which can be used to make petrol, diesel and jet fuel, has a sulphur content of less than one part per million (ppm). To put this into perspective, from 1 January 2008, the Fuel Standard (Petrol) Determination regulated that the maximum content of sulphur is 50 ppm in premium unleaded petrol.
* info source: https://www.ga.gov.au/products-services/publications/aimr/shale-oil.html
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ROZ website info
The resource potential of Rodinia's 17.3 million gross undeveloped acres of land in the Officer Basin was independently assessed by Ryder Scott as of December 31, 2009 in the Ryder Scott 2009 Resource Report. The unrisked, undiscovered, prospective (recoverable) resources based on the best (P50) scenario total 125,678 MMstb of oil or 463,811 Bscf of gas. Readers are cautioned that there are no wells penetrating any of these structures and therefore the uncertainty in these estimates are very high. These volumes are an arithmetic sum of multiple estimates of the unrisked, undiscovered PIIP, which statistical principals indicate may be misleading as to volumes that may actually be recovered. The resource estimates presented in the Ryder Scott 2009 Resource Report were prepared in accordance with the Canadian standards set out in the COGEH, NI 51-101 and Canadian Securities Administrators Staff Notice 51-327. Prospective resources are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from undiscovered accumulations by application of future development projects. Prospective resources have two risk components, the chance of discovery and the chance of development.
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Past studies - re: Officer Basin - done in:
2002, 1999, 1998, 1981: by K. Ghori - studies - Modelling the hydrocarbon generative history of the Officer Basin, Western Australia. PESA Journal, 29, 29-43 - AND - Petroleum generating potential and thermal history of the Neoproterozoic Officer Basin, Western Australia.
more information at
https://www.ga.gov.au/energy/province-sedimentary-basin-geology/petroleum/onshore-australia/officer-basin.html