Under the third party geological assessment, 2548, the Dakota sand (estimated 10 feet of effective porosity) may produce 270 million barrels of oil (MBO) to 540MBO as well as 2.7 million cubic feet (MMCF) to 5.4MMCF of gas. The Lakota sand (estimated 40 feet thick) may pump 496MBO to 993MBO and 10.8MMCF to 21.6MMCF of gas. This comprises only the portion of the North Diamond Spring prospect and does not comprise any reserves associated with the other two portions of this drilling prospect. Depending on 40 acre spacing, 27 well sites are possible on just the North Diamond Springs.
Paul Norat, Lighthouse Petroleum chief executive officer said, The science that has been performed on this location is very compelling. Initially, we spent much time deliberating about purchasing this Working Interest in this project but were eventually convinced that the 3rd party data had enough evidence behind it that some sort of a geological trap might exist on this acreage. What further excites us is the fact that the Geosensing Data, commissioned by Force Energy, is the initial drilling location identified by Charles Abrassart correlates with the possible existence of hydrocarbons as computed by the Geosensing data.
Norat further said, One can see where the initial location is proposed by the Geologist and how that is in line with what the Geosensing data is suggesting.
