"Magoon et al.8 estimated that the in place discovered Shublik oil amounts to 57 billion bbl. Estimating the amount of generated oil, Peters et al.5 calculated a range of 783-1,181 billion bbl using RockEval pyrolysis and 578 billion bbl using hydrous pyrolysis.
Referring to the huge gap between the proven oil in place that has Shublik signature and those calculated by using RockEval or hydrous pyrolysis as having been generated, Peters concluded that "losses of expelled petroleum by dispersion, leakage and adsorption during migration through carrier beds and other processes, such as biodegradation, must be enormous." A significant portion of that unaccounted for oil still resides, no doubt in the source rocks themselves waiting to be exploited."
Thermal maturity of source rocks
"Bird4 and Peters et al.5 have published a comprehensive summary of Alaska North Slope source rocks.
According to their work the most prospective part of the shale play area is located on the central North Slope, which falls on state land. It is bounded on the east by the Canning River and on the west by the Colville River."
This just happens to be right where 88's acreage is!
88E Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)