RANKEN ENERGY CORPORATION
2010-1 Drilling Program
Introduction
Ranken Energy Corporation is pleased to announce our 2010-1 Drilling Program. This program is located in Garvin County in south-central Oklahoma (See Project Area Map) and involves four prospects, three are Basal Oil Creek Sand targets and one has a 2nd Bromide Sand objective. Expected total program reserves to be developed in Ranken Energy's 2010-1 Drilling Program could be in the range of 750,000 BO and 0.15 BCFG.
The Suzy Q Prospect primary
objective is the Basal Oil Creek Sand at a depth of
6,200’. (See
BOC map) This
closed structure, with at least 25 feet of height above closure and spill
point as defined using proprietary 3D seismic, (See
E-W Line) (see N-S seismic
line) has potentially
trapped 275,000 BO.
In addition, the Layton, Deese, Viola, 1st Bromide and 2nd Bromide have been found productive in the area and should be considered potential for oil and gas production in the prospect as well.
The
Pony Prospect’s
primary objective is to test the 2nd Bromide Sand on a closed structural high
at a depth of approximately 5,500’. The closed structure, as defined
using our proprietary 3D seismic, (see
E-W seismic line) (see N-S
seismic line) has potentially trapped 216,000 BO.
Second Bromide production has been established by Ranken 1/2 mile to the east and northeast and is trapped in the same type anticlinal feature. In addition, the Deese Sands, Viola and 1st Bromide Sands are prospective of oil and gas.
The South Creek Prospect primary zone of interest is the Basal Oil Creek Sand at a depth of 6,600’. (See BOC Map) Ranken's proprietary 3-D seismic indicates a closed structure with a minimum height of 15' above the spill point. (See E-W Seismic Line) (see N-S Seismic line) If found filled to the spill-point, this structure could easily produce 165,000 barrels of oil.
This
structure also exhibits closure at the 2nd Bromide level at
approximately 5,600’. (See 2nd BR
map) The 2nd Bromide closure appears to have a minimum
height of 10’ above the expected spill point. If found filled to the
spill-point this structure could produce up to 60,000 barrels of oil.
The prospect is surrounded by BOC, 2nd Bromide, 1st Bromide, Viola and
Deese production. All of these horizons are potential producers within
the South Creek Prospect.
The Wiley Post Prospect zone of interest is the Basal Oil Creek Sand at a depth of 6,600’. (See BOC map) Ranken's proprietary 3-D seismic indicates a closed structure with a minimum height of 15' above the spill point. (See NW-SE Seismic Line) (see N-S Seismic line) If found filled to the spill-point, this structure could easily produce 165,000 barrels of oil.
The prospect is surrounded by BOC, 2nd Bromide, 1st Bromide, Viola and Deese production. All of these horizons are potential producers within the Wiley Post Prospect.
This program is supported by numerous maps, logs, detailed geologic information and economic analysis. If you would like additional information, please contact us at the postal address or email address on our Contact page or phone 405-340-2363.
|
Use
Arrow Keys to view more |
