Parrylands Block E
Trinidad and Tobago (“T&T”) consists of twin Caribbean islands just off the NE coast of Venezuela. English-speaking democracy (former British territory) T&T attracts considerable foreign direct investment from international businesses, particularly in energy, reaching $2.4b in 2014.
Energy production and downstream industrial use dominate the economy and T&T is the largest oil and gas producer in the Caribbean. Producing oil & gas for over 100 years with over 3 billion barrels of oil produced to date.
Parrylands Block E
Trinidad and Tobago (“T&T”) consists of twin Caribbean islands just off the NE coast of Venezuela. English-speaking democracy (former British territory) T&T attracts considerable foreign direct investment from international businesses, particularly in energy, reaching $2.4b in 2014.
Energy production and downstream industrial use dominate the economy and T&T is the largest oil and gas producer in the Caribbean. Producing oil & gas for over 100 years with over 3 billion barrels of oil produced to date.
Royalty Structure
25% total over-riding royalty on production.
No Drill Capex
No capital costs required for drilling and exploration.
Low Operating Cost
Minimal operating cost for natural gas to generate steam.
Royalty Structure
25% total over-riding royalty on production.
No Drill Capex
No capital costs required for drilling and exploration.
Low Operating Cost
Minimal operating cost for natural gas to generate steam.
Project Statistics & Highlights
Working interest: 75% in the oil produced via a PSA, subject to offsets:
Less Than 0.5%
Sulphur Content
Less Than 1%
OOIP Produced Initially
+/- 1,200 feet
Well Depth
50’-250’
Net Oil Pay Sand Thickness
Greater Than 5,700 BOPD
Expected Perrylands Peak
75%
Oil Saturation
Project Statistics & Highlights
Working interest: 75% in the oil produced via a PSA, subject to offsets:
Less Than 0.5%
Sulphur Content
Less Than 1%
OOIP Produced Initially
+/- 1,200 feet
Well Depth
50’-250’
Net Oil Pay Sand Thickness
Greater Than 5,700 BOPD
Expected Perrylands Peak
75%
Oil Saturation
Greater Than 55 BOPD
Steam & CO2 Projected
50%
Texaco Achieved Recovery with Steam
81 MMBO
Estimated Original Oil in Place (OOIP)
Greater Than 55 BOPD
Steam & CO2 Projected
50%
Texaco Achieved Recovery with Steam
81 MMBO
Estimated Original Oil in Place (OOIP)
Financial Highlights
Greenflame Energy has secured a working interest of 75% in the oil produced via a PSA subject to the following offsets:
-
Industry high netback per Bbl. $50.00
- Currently producing 175 boepd and cash flow positive.
-
Organic Growth from Cash flow at 500 bopd.
-
No capital costs required for Drilling and Exploration
-
Minimal Operating Cost for Natural Gas to generate steam.
-
25% Total over-riding royalty on production
Netback Performance
Industry High Netback per bbl. $50.00
Financial Highlights
Greenflame Energy has secured a working interest of 75% in the oil produced via a PSA subject to the following offsets:
-
Industry high netback per Bbl. $50.00
- Currently producing 175 boepd and cash flow positive.
-
Organic Growth from Cash flow at 500 bopd.
-
No capital costs required for Drilling and Exploration
-
Minimal Operating Cost for Natural Gas to generate steam.
-
25% Total over-riding royalty on production