Utah Evaluation

PETROLEUM ENGINEERS UTAH EVALUATION

  • Chapman Petroleum Engineering, Ltd. evaluated the site with a two-person team
  • Geologist, Professional engineer
  • C.W. Chapman, P. Eng. has more than 35 years’ experience evaluating oil and gas fields
  • 84 material from core holes across the property were examined
  • Chapman estimates that there are 87,495 MSTB (Thousands of Stock Tank Barrels) of mineable Bitumen Resources in Place on the site
  • The above resource estimate includes only the areas containing an ore grade better than 4.8% by weight and more than 50 feet of bitumen saturated net pay.