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Arctic Oil Exploration Report 2010-11

Summary of 8 wells in 2010-11 with no viable discovery. Exceeded budget, potential for 5.3 BBO at $300. Detailed NERI and unique challenges with icebergs from 79-Fjorden Glacier and Zacharie Glacier in Arctic.

kermit-mcfadden
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Arctic Oil Exploration Report 2010-11

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  1. Total of 8 wells in 2010-11 • No commercially viable discovery • Expenses already exceeded exploratory budget for 2010-2014

  2. Potential

  3. Potential: 5.3 bbo @ $300

  4. NERI: ” Icebergs from the two major glacial outlets in this particular area, 79-Fjorden Glacier and Zacharie Glacier, are more like Arctic Ocean ice islands”

  5. Welcome to the Arctic

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