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Gold/Mining/Energy : Arconenergy, Inc. (Long Term Investors and Fundamentals) -- Ignore unavailable to you. Want to Upgrade?

To: Ga Bard who wrote (15)	2/8/1998 7:59:00 AM
From: Ga Bard	Read Replies (2) \| Respond to of 1757

In February 1995 James G. Kane, a certified Professional and Petroleum Geologist of Thunder Rock Exploration in Fulshear, Texas, did a report on the South Falcon Dam Prospect - Starr County Texas which is located about 2 miles south of the prolific Bob West Field in Starr County, Texas. This Wilcox field was producing in excess of 350 MMCFG/D at the time of his report. With the advent of stage fracing that this field has attained the high daily production rates as seen today. According to various operators, this field should exceed one trillion cubic feet of recoverable gas. Within the report James states that the Bob West Field has stacked deltaic sands that pay from the Top Wilcox (L-1 sand) down to the L-45 sand still within the expanded upper Wilcox sand series. Although the field was originally thought to be a pure anticlinal trap, it is now seen that the originally trapping in this field was a simple down thrown fault closure, sealing these prolific gas sands up against the upthrown side of the Bob West fault straddling the U.S. and Mexico border. This field underwent anticlinal movement late in its development. This movement occurred between the L-1 and L-12 deposition. Because of the tremendous amount of shale in the upthrown side of the trapping fault, this excessive movement did not breach the original trap. This information has been generated through the use of over 50 points of well control and over 80 miles of seismic control. These points are critical for the upcoming discussion of the above mentioned prospect. James notes that throughout the South Falcon Dam Prospect area there are six wells that were drilled back in the early 1980's, a full decade before the discovery of the Bob West Field. Because these walls were drilled ten years prior to the discovery of Bob West, they were never fraced and produced like at Bob West. The porosities are equal to or greater than most areas in Bob West Field. The permeability as recorded by sidewall core analysis reveal that the perms are greater by a large degree in the South Falcon Dam Prospect area as compared to Bob West Field. Perms in the Bob West Field range from 0.1 md to 0.01 md, while in the South Falcon Dam Prospect area they range from 0.1 md to over 50 md. What is of interest here is James states that the detailed mapping throughout the Bob West Field area has resulted in the review of over 50 producing well logs, cores, directional surveys, bottom hole pressure tests as we as all series of cutoffs that are used in determining pay in the Bob West Field. These same cutoffs were used in analyzing the existing wells in the South Falcon Dam Prospect area. By using the cutoffs the #1 Guerra well which is located 500 feet Arcon's westerly lease line exhibits over 300 feet of logged gas pay from the same sands that pay in the Bob West Field. Conversely, the #1 Hinojosa well located 1,000 feet from Arcon's easterly lease line has over 80 feet of logged gas pay. Using a n average pay thickness of 190 feet and 1,500 MCFG/ac.-ft. of gas in place with their 318 acre lease yields 90.63 BCFG in place or 43.336 BCFG recoverable using 800 MCFG/ac.-ft. Hope this helps Happy Trading GaBard