oil shale terminology, page-3

Just re-arranging contents of the previous post to make it more readable.

Amadeus has great potential for shale oil. All data stacks up well against other shale plays in the US. Numbers speak louder than words.

1. TOC is 3.16 - 3.42% (Ref 1).
But is as high as 10%.
RC mentioned 9%, area unknown.

2. S1 from five samples: 0.16, 0.11, 3.02, 1.80, 0.07 mg/g
(Ref 1). Therefore, 2 in 5 samples are potential shale oil candidates.

3mg/g TOC produces approx 48,000 bbl per 640 acre per feet. 15% TOC produces 106 litre/tonne. (Ref 2). Amadeus potential (Ref 3).

3. VR is 1.35 - 1.75
Therefore, is oil producing. We know that in Meerenie and Surprise. No references are required.

Comparison:

There are three categories of prospects: conventional, S1 unconventional and S2 unconventional. The fact that conventional oil is found confirms the thermal maturity of the HVT. To expel 300mmboe oil from the oil shale, S1 must be pretty impressive. S1 is the hydrocarbon in the oil shale, harvested through lateral drilling and fraccing. S2 is the amount of hydrocarbon that can be converted from organic matter in the oil shale, that is where microwave, in-situ heating ,etc are required; distance future development.

S1 is where all the hot money is chasing. Conventional is difficult to locate, but S1 can be harvested for a long period of time once the area is proven productive. An Eagle Ford well produces 300-600 bpd, valued at $15,000 -$25,000 per acre (Ref 4). Australia is $11-$14/acre. Once production is proven, the price will rocket a thousand times $11/acre to $11,000/acre. The risk reward is a no brainer.

Alaska Shale oil potential is 2 billion bbls, and is thought to be the second largest US deposit of unconventional oil after Bakken Basin (Ref 5). S1 in Amadeus is estimated to produce 1 billion barrels, some say 2 billion barrels. So Amadeus is up there with the second largest US deposit.

Eagle Ford VR factor is less than HVT (ref 6), which is 1.35 - 1.75. HVT looks to have a greater propensity for oil.

Eagle Ford TOC ranges from 2 - 6% (ref 6), compared to HVT 3 - 9%. Therefore, HVT's TOC is just as good if not better.

Numbers speak louder than words.

References:
1. http://www.proactiveinvestors.com.au/genera/files/sponsor_files/geoscience_report_on_potential_of_georgina_basin__march_2011_4feaaea90652e.
2. http://roxannaoil.com/AAPG-quick-look.pptx
3. http://www.centralpetroleum.com.au/files/reports/Amadeus-Unconventional-Assessment.pdf
4. http://www.industryweek.com/global-economy/study-eagle-ford-shale-play-tops-bakken-tight-oil
5. http://www.businessweek.com/news/2012-02-27/alaska-s-shale-oil-tops-eagle-ford-trails-bakken-u-s-says.html
6. http://www.empr.gov.bc.ca/OG/oilandgas/petroleumgeology/UnconventionalGas/Documents/C%20Hall.pdf