Three large fields produce from same age rocks as the primary objective at Amazon and Thames ? Oligocene Frio Formation (Miogyp Sandstone)
? Riceville Oil Field: produced over 134 BCF of gas and 4.4 MMBBLS of condensate
? South Thornwell Field: produced 700 BCF of gas and 15 MMBBLS of condensate
? Chalkey Field: produced 360 BCF of gas and 17 MMBBLS of condensate
The field sizes mentioned above are in line with estimates of the first prospect to be drilled, Amazon, which has Mean Reserve Potential of 375 BCF of gas and 38 MMBBLS of condensate
QPN Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held