Block Z34 is a large offshore block in Peru covering 370,000 hectares. It is adjacent to existing oil fields that have produced 1.68 billion barrels. Gold Oil has a 100% working interest in the block and has acquired seismic data identifying several prospects. The block remains undrilled. Gold Oil is seeking partners to fund a two well drilling program in exchange for a working interest and promote in the block. Significant prospects have been defined on seismic data with the potential for fault-bounded traps and stratigraphic traps.
In 1994, British Columbia Geological Survey Geologist Jennifer Pell released a report on the potential for exploration of several minerals in British Columbia.
In 1994, British Columbia Geological Survey Geologist Jennifer Pell released a report on the potential for exploration of several minerals in British Columbia.
Frontier rare earths investor presentation june 2011TMX Equicom
Frontier Rare Earths (TSX: FRO) is an exploration and development company that is exclusively focused on rare earth elements – minerals in high demand in the fast growing electronics and clean-tech sectors.
Frontier is developing a portfolio of mineral exploration projects in South Africa. Extensive evaluation of its flagship project, Zandkopsdrift, has confirmed it as one of the largest known rare earth deposits in the world.
Commerce Resources Corp. (TSXv: CCE) is an exploration and development company with a particular focus on deposits of rare metals and rare earth elements. The company is specifically focused on the development of its Upper Fir Tantalum and Niobium Deposit at the Blue River Project in British Columbia, and the exploration of the Eldor Rare Earth Project in northern Quebec and the Carbo Rare Earth Project in northern British Columbia.
El Torno contains a large gold-rich quartz vein system that extends north-south for 14 km and is up to 20 metres wide. The central parts of the system have been worked since the Incas, resulting in about 1 km of underground galleries that are now flooded.
The vein system was investigated by Puma Minerals in 1997 who carried out over 2,100 m of drilling. They were followed in 1999 by Peñoles (discoverer of the world’s largest silver mine and Mexico’s largest and richest gold mines) who undertook trenching, grab sampling, and geological surveying as well as a geophysical IP survey. The drilling showed that gold is concentrated in a 2 metre-wide zone on the western side of the main vein. Puma estimated that a 1.3 km length of the vein could have the potential for over 500,000 ounces of gold to a depth of 100 metres or 2 million ounces to a depth of 400 metres at an assumed grade of 10 g/t gold (not NI-43-101 compliant)
Frontier rare earths investor presentation june 2011TMX Equicom
Frontier Rare Earths (TSX: FRO) is an exploration and development company that is exclusively focused on rare earth elements – minerals in high demand in the fast growing electronics and clean-tech sectors.
Frontier is developing a portfolio of mineral exploration projects in South Africa. Extensive evaluation of its flagship project, Zandkopsdrift, has confirmed it as one of the largest known rare earth deposits in the world.
Commerce Resources Corp. (TSXv: CCE) is an exploration and development company with a particular focus on deposits of rare metals and rare earth elements. The company is specifically focused on the development of its Upper Fir Tantalum and Niobium Deposit at the Blue River Project in British Columbia, and the exploration of the Eldor Rare Earth Project in northern Quebec and the Carbo Rare Earth Project in northern British Columbia.
El Torno contains a large gold-rich quartz vein system that extends north-south for 14 km and is up to 20 metres wide. The central parts of the system have been worked since the Incas, resulting in about 1 km of underground galleries that are now flooded.
The vein system was investigated by Puma Minerals in 1997 who carried out over 2,100 m of drilling. They were followed in 1999 by Peñoles (discoverer of the world’s largest silver mine and Mexico’s largest and richest gold mines) who undertook trenching, grab sampling, and geological surveying as well as a geophysical IP survey. The drilling showed that gold is concentrated in a 2 metre-wide zone on the western side of the main vein. Puma estimated that a 1.3 km length of the vein could have the potential for over 500,000 ounces of gold to a depth of 100 metres or 2 million ounces to a depth of 400 metres at an assumed grade of 10 g/t gold (not NI-43-101 compliant)
2. Block Z34, Offshore Peru
Gold Oil is an independent oil and gas exploration and production company with assets in Colombia and
Peru. The company was incorporated in 2004 and has operated in Peru since 2005
Description:
Large offshore block (370,000 Hectares), offshore Talara Basin
Adjacent to the Talara oil fields (1.68 billion barrels produced), though targeting superior quality Pariñas
formation reservoir
The block is in water depths ranging from 100m to >2000m
Gold Oil 100% working interest held in two wholly owned subsidiaries
Despite proximity to nearby producing fields the block is undrilled to date
Royalty minimum rate is 5% <5000bopd then a sliding scale of up to a maximum 20% royalty at >100,000
bopd, Corporation tax - 33%
Current Licence Status:
Acquired 2,013 km of 2D seismic in 2009; processed and interpreted
Acquired over 808sq km marine 3D and additional 2D in July/August 2011 Erika North
3D seismic interpretation completed 3D area
The Opportunity:
Significant prospects defined on 3D seismic, with additional potential in 2D identified
Attractive fiscal terms in an emerging region
Material working interest and potential operatorship available
Offering:
Gold Oil’s preference is for interested parties to earn a material interest in the Block by
funding the 2012/2013 drilling programme (minimum 2 wells), including a competitive promote and paying
a share of past costs. The level of promote will form the biddable component in the process. Erika South
3D area
The ownership structure of Gold Oil in Block Z34 allows flexibility on deal structure (asset vs corporate)
3. Tectonic Elements
In Z34 the deltaic sequence is present in large fault blocks and anticlines
Greater displacement between the faulted blocks
Listric faults have facilitated collapse of the shelf area
Traps are predominantly fault bounded closures some of which have an
element of independent dip-closure, and anticlinal roll-overs
Northern Z34, Type Section
Southern Z34, Type Section
4. Unlimited oil charge assumed given the nearby presence of onshore oilfields and expectation of regional Cretaceous source rocks at depth with favourable
migration pathways vertically and along faults.
Charge
Oil charge considered to be beneath Z34 area, yet fields to the east appear to be full to spill – anticipate no constraint on oil charge
No evidence of gas mature source rocks in region
Target section for most prospects shallow or subcropping inshore
Similar age and type reservoir section expected for all prospects (except stratigraphic traps)
Reservoir Stong support for presence of reservoirs based on seismic facies
Reservoir sequence is younger than onshore fields, and likely to be texturally more mature
Likely facies equivalent to Pariñas Formation with a porosity typically 19-40%
Fault block closures are proven immediately to the east in the Talara oil fields
Trap/Seal Francesca is a tilted fault block in the north with rollover component
Cuy (B) has a four way dip closed element
Seismic Data shows Juxtaposition of Reservoir / Seal Facies in Deltaic Sequences Beneath Prograding Deeper
Marine Shales
4
6. Likely Cretaceous
candidates of Muerto Northern oil
and Redondo generative Drainage Cells
Formations are near to kitchen Northern
Prospects
top Palaeozoic
Examination of the
total sedimentary
thickness of the seabed
to top Palaeozoic
indicates that it is
predominantly
between 2700 and
4000m thick, which are
the green and red
contours on the
attached maps
Blue= Thicker
These two contours are
considered to be Red= Thinner
indicative of the oil
mature window,
suggesting most of
Block Z34 is in the oil
Drainage Cells
window at the present Southern
day for the main Prospects
Redondo Formation
Type II oil prone source
rock
Southern oil
generative
kitchen
7. IL 1475
Fault closure at multiple levels in the Eocene
Compartment of the 2D lead Pisco
400msecs of closure at green horizon
Pink horizon
TWT Map
Contours 50msecs XL 2650
XL 2650
IL 1475
7
8. Fault closure at multiple levels in the Eocene
Pink horizon
TWT Map
Contours 50msecs
I
Arb Line 1
Arb Line 2
Arb Line 1 Arb Line 2
I I
8
9. Pink Horizon
Dip and fault closure at multiple levels in the Eocene
TWT
400msecs of closure at green horizon and 300msecs at pink
Contours 50msec
IL 1635
Green Horizon
TWT
Contours 50msecs
salt
salt
9
10. Stratigraphic Traps Of The Oligocene And Miocene?
West East
Water depth 1300m
Cross Line
10