Comparison between the two new E&P Contracts at Maranta and Ombu. It can be seen that the blocks are similar in size but that the prospect/s in Ombu are shallower than Maranta.
COLOMBIA : MARANTA E&P CONTRACT
On 12 September 2006 the Company entered into the Maranta Exploration and Production Contract with the National Hydrocarbon Agency of Colombia, Emerald has a 100 per cent working interest.
The Maranta block covers an area of 365 square kilometres and is located northeast of the producing oil fields in the Putumayo Basin, southwest Colombia. The initial phase of the exploration period will be 18 months and the minimum work programme comprises the acquisition of 30 square kilometres of new 2D seismic data and the re-processing of 40 square kilometres of exisiting 2D seismic data. If Emerald elects to enter the second phase, the minimum work programme includes the drilling of 1 well to an estimated depth of some 11,000 ft.
Ombu Exploration and Production Contract Award in Colombia
Emerald Energy Plc ('Emerald' or the 'Company') is pleased to announce that it
has been awarded a new exploration & production contract (the 'Contract') in
Colombia. The Ombu Contract, in which Emerald has a 100% working interest,
covers an area of 300 sq. km and is located in the Caguan Basin, to the
south-west of the Llanos Basin, in Colombia.
The initial phase of the exploration period is 11 months and the minimum work
programme comprises the acquisition of 61 km of new 2D seismic data and the
re-processing of 60 km of existing 2D seismic data. If Emerald elects to enter
the second phase, the minimum work programme includes the drilling of 1 well to
an estimated depth of 5,000 ft.
Claymore Exchange Traded Fund Bny Mellon EW Euro Pacific stock quotes
Claymore Exchange Traded Fund Bny Mellon EW Euro Pacific stock charts
Follow this thread
