The Thompson Deep Gas Prospect is a unique exploration opportunity. The prospect offers the exploration opportunity to test deep carbonate zones that may total as much as one thousand feet in thickness with potential gas reserves in excess of 1 TCF. Variations along the shelf edge within the different cycles in the Paradox Formation offer unique packages of source, reservoir, and seal rocks that are favorable for the accumulation of large hydrocarbon deposits. Paleo-tectonic fault blocks create potential stratigraphic traps in excellent reservoir rock of the Mississippian Leadville Formation. The setting provides a unique package of hydrocarbon source, and an excellent reservoir rock, and trap. The following reasons support this exceptional drilling opportunity: 1.) Seismic anomalies at the Paradox Barker Creek stratigraphic level indicate potential carbonate build-ups that may cover an area as large 15 square miles. Mapping suggests gross interval thickness as great as 1000 feet with reserves that could exceed several TCF of gas. 2.) Gas potential in Mississippian Leadville Lisbon-like structures could exceed 1 TCF in potential. Drilling depth to test these deeper horizons is 17,000 feet. The estimated dry hole cost is $5.5 million. This prospect as well as the Hovenweep Fractured shale gas play seen above will be featured at our booths. Seismic and additional data not available at the booth will be shown by appointment at NAPE in Tidewater's presentation room 331 at the Hilton - Convention Center. Contact James Jones at the Tidewater booths at NAPE (417 and 419) or to set up an appointment in advance call (303) 468-0656, ext 201 for appointment to view data not available at the booth.
When they hit the Leadville and find extensive gas intervals........
If your not in It's all over red rover and the scrambel for the remaining shares begins.
Cheers
GDN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
