Utah Evaluation

PETROLEUM ENGINEERS UTAH EVALUATION

  • Chapman Petroleum Engineering, Ltd. evaluated the site with a three person team
  • Petroleum engineer, geologist, professional engineer
  • C.W. Chapman, P. Eng. has more than 25 years experience evaluating oil and gas fields
  • 84 material from core holes across the property were examined
  • Chapman estimates that there are 139,539,001 STB (Standard Tank Barrels) of Bitumen in Place on the site
  • Part of the resource has a lower saturation of oil and is therefore not feasible for extraction
  • We estimate that 139 million standard tank barrels is equivalent to 87 million barrels of oil equivalent (boe)