Cuba Gulf of Mexico Oil Exploration Opportunity
•
•
Alameda Prospect
Multi-target exploration drilling close to historic oil recoveries
Three targets for Alameda-1, two up dip of known
oil recoveries
Marti-5 (1988) recovered oil (24 API) with oil shows
over an 850 metre gross interval from Alameda
objective
32% chance of success at Alameda
Combined exploration potential of over 2.5 billion
barrels oil-in-place and 130 million barrels of
recoverable oil#
Primary objective in depth range from 3,000 to
3,700 metres
Proposed Marti-2
(projected)
Alameda-1
Marti-5
pentinites
Cret Est
Vega Alta
Amistad
Upper Sheet
Carbonates
Vega Alta
Oil recovered
from tests
Structure
Placetas- Carbonates
Alameda
•
Benign, accessible surface location
•
Alameda potential drilling 2H 2018
Proposed Alameda-
1 Surface Location
500m
Placetas-2 Carbonates
Crettst
Tertiary
44bbl of 24° API oil
recovered from test
Alameda Recoverable Prospective Resources (100%, MMstb)
Objective
COS*
Low
Best
High Mean
Amistad
17%
2
25
93
38
N
22%
4
41
129
56
Alameda
32%
3
65
214
91
Prospective Resources Cautionary Statement - The estimated quantities of
petroleum that may potentially be recovered by the application of a future
development project(s) relate to undiscovered accumulations. These estimates
have both an associated risk of discovery and a risk of development. Future
exploration appraisal and evaluation is required to determine the existence of a
significant quantity of potentially moveable hydrocarbons.
* Chance of Success
# 100%, unrisked, best estimate
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