ALVOPETRO BRAZIL DISCOVERY
Producing Properties
All Standard Disclaimers Apply & Seller Rights Retained
BRAZILIAN DEVELOPMENT SALE PKG
7,500 Acres, 10-Wells, 3-Oil Producers
RECONCAVO BASIN
STACKED SANDSTONE RESERVOIRS
CARUACU, AGUA GRANDE, GOMO ZONE
2-Producing Licenses. 1-Exploration Permit
3-D Seismic Defined Structures
New Horizontal Drilling & ReCompletions
100% OPERATED WI 94% NRI
3 Wells Making: 14 BOPD Before Workovers
EXPLORATION UPSIDE: 60 MMBBLS
Additional Cash Flow Through Disposal Well
Total Proved NPV10 Usd $4,200,000
Total Probable NPV10 Usd $9,600,000
3rd Party (NI51-101) GLJ Engineering Report
PP 11310
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BRAZILIAN DEVELOPMENT SALE PKG
7,500 Acres, 10-Wells, 3-Oil Producers
RECONCAVO BASIN
STACKED SANDSTONE RESERVOIRS
CARUACU, AGUA GRANDE, GOMO ZONE
2-Producing Licenses. 1-Exploration Permit
3-D Seismic Defined Structures
New Horizontal Drilling & ReCompletions
100% OPERATED WI 94% NRI
3 Wells Making: 14 BOPD Before Workovers
EXPLORATION UPSIDE: 60 MMBBLS
Additional Cash Flow Through Disposal Well
Total Proved NPV10 Usd $4,200,000
Total Probable NPV10 Usd $9,600,000
3rd Party (NI51-101) GLJ Engineering Report
PP 11310
