LEGAL

> JV DRILLING OPPORTUNITY - FAYETTE COUNTY

SUMMARY
INTRODUCTION
GEOLOGY
LEASE
CROSS SECTION
STAGES
CONCLUSION

 

Moya Little, President
Western Divestments
Suite 105, 214 - 11 Avenue SE,
Calgary, Alberta, Canada
T2G 0X8

Phone: (403) 543-4080

> Introduction

The SBJ Energy Partners LLC Fayette project is located south east of the city of Austin in Fayette County, Texas. SBJ has assembled 4400 acres of prime, petroleum rights in the Pearsall – Giddings Oil and Gas Area targeting oil development opportunities in the Cretaceous, Austin Chalk. The SBJ leases are located within the confines of the legacy, East Texas, Giddings Field, the largest oilfield in the Austin Chalk Trend. The Austin Chalk fairway encompasses a 10- to 20-mile-wide trend extending from Mexico through Central Texas into northwest Louisiana (Map 2). The primary producing reservoir in the field is the Cretaceous, Austin Chalk with secondary producing zones provided by the younger sands in the Taylor Group and the deeper Buda and Georgetown Formations (See Figure X).