Cuba Block 9 – Exploration Resource Potential
Cuba Block 9 – Near Term Activities
•
•
•
Integrate data and investigate potential for early drilling in 2018
Continue to integrate data to
provide a comprehensive
picture of the geology of
Block 9
Develop drilling program for
possible accelerated drilling
in Block 9 to test the
exploration potential of the
Lower Sheet Play
Potential drilling in Q1 2018
•
Investigate merits of
additional seismic data
acquisition
Monitor drilling of high impact
exploration well currently
drilling in Block 10, operated
by Sherritt, adjacent (and on
trend) to Block 9.
Varadero Field is the largest oil field in
Cuba with over 11 billion barrels of oil in
place (10.5-14.3° API)
Varadero
Cantel
Bolanos-1 (1991) recorded a recovery of 22°
API oil from Upper Sheet
8.
จ
Cupey
Majaguillar
Block 10
°
San Anton
Alameda
Marti-5 (1988) recovered oil (24° API)
from Lower Sheet at an unspecified rate
Surface Geology Structural
Trend
Well-Oil shows
Well-Strong oil shows
Oil Field
Oil and Gas Field
Lower Sheet Play-Leads
A.
Guadal 1
Bolancs
Marti 5
G2
C1
Motembo
Havana
Cuba
Guadal-1 (1971) recorded recoveries
of oil and gas from Upper Sheet
B
←
Structural
High Trends on
----
Sure-
Ge→→
--->>
Block 9
Motembo Field (1881) has intermittent
production of light oil (50-64.5° API)
0
kilometers
50
*Subject to Petro Australis conditional option to back in for 40%, no later than Sept 2017. See ASX announcement dated 3 September 2015
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