Trinity Valley Announces Final Results of Core Analysis and Commencement of Modeling
2013年12月6日 - 1:55AM
Marketwired
Trinity Valley Announces Final Results of Core Analysis and
Commencement of Modeling
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 5, 2013) -
Trinity Valley Energy Corp. (TSX-VENTURE:TE) (The "Company") has
been advised by Anderson County Land Company ("ACLC") that
Weatherford Laboratories has completed and reported on the analysis
of the core the remaining five of the ten core holes drilled on the
Days Chapel Enhanced Oil Recovery ("EOR") Project ("Days Chapel" or
the "Project"), located in Anderson County, East Texas
approximately 110 miles southeast of Dallas, Texas.
This report is an update from the press release of November 12th
2013 wherein the results of the first 5 core holes were reported. A
total of 91 plugs, ranging from 6 plugs to 33 plugs per core, were
extracted from the cores for retort processing. The average range
of porosity was from 30.6% to 33.7%. Oil saturation within the pore
space of the Carrizo averaged 34%.
Combined with the first 5 core holes, a total of 161 plugs have
been evaluated and measure a weighted average porosity of 36% and
weighted average oil saturation of 34%. Selected additional
samples, using the Deak Stearns process are being undertaken with
the objective of comparing derived porosities undergoing biaxial
stress testing(retort analysis) with those undergoing triaxial
stress testing(Dean Stark) for any disparities due to overburden
pressures. Also, the results will provide for measured oil
saturation compatibilities between the two methods of testing.
Gerrard Kiefer has used the combination of well logs and core
analysis to remap the Carrizo formation in the Days Chapel field.
The revised mapping indicates an increase in gross pay specifically
to the north. Our leasing program has been modified to increase our
land position accordingly. Richard Cooper, Consulting Engineer is
utilizing this data set to prepare a modelling of the field to
identify the best combination of technology to exploit the Days
Chapel Carrizo formation. He recently visited the field with Mr.
Kiefer.
The calculation of Original-Oil-In-Place has been initiated.
Robert Naas P. Eng., an independent reservoir engineer has been
retained to provide an opinion on the determination. Mr. Naas
prepared the NI51-101F2 dated December 17, 2012 for the
Company.
In conclusion, results from the above modeling program and
analysis's will provide information to update a NI 51-101 compliant
independent reservoir engineering report such that all or a portion
of Probable Reserves can be reclassified as Proven Undeveloped
Reserves. (see news release February 12, 2013).
About The Days Chapel Project
The Days Chapel oilfield in Anderson County, East Texas is
shallow Carrizo sand (Eocene Formation) at a depth of 550 feet to
700 feet. The formation lacks natural reservoir "drive" in the form
of solution natural gas or water drive. Accordingly, it must be
artificially heated to enable the oil to be produced. The Days
Chapel oilfield is one of a number of contiguous Carrizo oilfields
in the southern part of Anderson County. Whereas the Carrizo
formation lacks natural reservoir energy in the form of solution
natural gas or water drive, in the late 1960's Shell Oil Company
developed the Slocum field, less than two miles south of Days
Chapel with a full scale steam-injection using vertical well 7-spot
injection patterns.
The Days Chapel Project has established infrastructures that
include paved highways throughout the property, rail access, a sale
gas pipeline runs through property, good water sources with rights,
valid lease and Mineral Deeds have been assembled by ACLC over a
4-year period. The Project is strategically located close to the
Gulf Coast Refineries in the Houston Ship Channel and Beaumont/Lake
Charles areas, offering significantly higher oil price differential
to Canadian oil producers (Heavy Oil) per barrel.
Gerrard Kiefer, Professional Geologist, is the Qualified Person
under National Instrument 51-101 responsible for preparing and
reviewing the data contained in this press release.
ON BEHALF OF THE
BOARD
Michael Dake,
President
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Trinity Valley Energy Corp.(888) 909-5548(888)
909-1033info@trinityvalleyenergy.comwww.trinityvalleyenergy.com
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