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Why the San Joaquin Basin

The San Joaquin Basin of Central California is targeted for oil exploration for several reasons:

It is a very prolific oil-prone area, in those areas that have been explored and developed.

There has been no significant exploration on the eastern flanks of the San Joaquin Basin since the 1960’s.

The American major oil companies controlled large land positions in the basin until the late 1980’s before selling them off as non-core assets, and small producers / operators were unable to gain significant land positions.

No 3-D seismic has been shot to date in the AMI.

Older production methods are still employed; newer production techniques should improve rates of production.

The basin is very close to major markets, and has infrastructure and services in place.

8. The Size of the Potential Resources in the San Joaquin Basin

The United States Geological Survey (“USGS”) has recently (2004) estimated that the remaining undiscovered resources in the San Joaquin Basin are a mean (P50) of 1.7 Tcf undiscovered natural gas, 393 million barrels undiscovered oil, and 59 million barrels undiscovered natural gas liquids.

The USGS publication referred to is “Assessment of Undiscovered Oil and Gas Resources of the San Joaquin Basin Province of California”, National Assessment of Oil and Gas Fact Sheet, and is found at:

http://pubs.usgs.gov/fs/2004/3043/FS-2004-3043-508.pdf

this is from the web site below

http://www.consolidated-beacon.com/projects_san_joaquin.php