reconcavo

Hi all

Here is a link to a good overview of the Reconcavo Basin also below is part of an article about the area. Eromanga holds 50% of 5 blocks in Reconcavo Basin.

http://www.anp.gov.br/brasil-rounds/round4/round4/workshop/restrito/ingles/Reconcavo_ing.PDF


VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 10, 2008) - Eagle Star Petroleum Corp. (TSX VENTURE:EGE)(CNQ:EAGL)(FRANKFURT:E6R) ("Eagle Star" or "the Company") is pleased to announce the acquisition of a 30% working interest ("WI") in block Rec-T-166 in the Reconcavo Basin, Brazil, together with its partners Starfish Oil & Gas S.A. ("Starfish"), an independent Brazilian company (40% WI), and SOMOIL INTERNACIONAL DE PETROLEO DO BRASIL LTDA. ("Somoil"), out of Angola (30% WI), in which Starfish will be the operator. The partners acquired the block following the competitive tender of the 9th Bid Round organized by the ANP, the Brazilian Petroleum state regulatory authority ("ANP").

Located some 50kms north of Salvador, the block Rec-T-166 lies within the highly sought after Reconcavo Basin, which to date has produced 1.46 billion barrels of oil (BBL) and has an estimated recoverable reserves of 300 million BBL remaining. Current production in this on-shore basin is 44,000 BBL and 137 million cubic feet (MMCF) of gas per day (Source ANP bid round information 2007).

Full story
http://www.marketwire.com/mw/release.do?id=842401