Tesorillo10 Mar 2018 15:53
TESORILLO
Tesorillo contains the Almarchal-1 discovery well that was drilled in 1956 by Spanish operator Valdebro. The well intersected a thick section of possible gas pay, including some zones which flowed gas to surface on testing, and is located on a gravity and seismically delineated thrust ramp anticline, with closure area exceeding 70 km2 and multi-Tcf potential. Drillsteam tests and log analysis confirm 48m of gas pay from two Miocene Aljibe Formation sandstone intervals, with a further 492m of potential gas pay interpreted from logs yet unconfirmed by testing.
Thats almost 1/3rd of a mile of potential gas pay??? with upside in excess of 2TCF,, bet folks buy in for that drill,, it's got monster potential for an aim minnow..
Prospex has the right to acquire up to a 49.9% interest in the Tesorillo Project (�Project� or �Tesorillo�) in Cadiz Province in southern Spain. Tesorillo contains a known gas discovery, which could hold gross unrisked Prospective Resources of 830 billion cubic feet of gas (Best Estimate), with upside in excess of 2 Tcf, according to a Competent Person�s Report undertaken by Netherland Sewell and Associates (�NSAI�) in 2015.