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Alexandria Block


More properly known as the South Bucharest Block I-II concession. The Alexandria Block encompasses 114,000 acres and includes the Calinesti field. A summary of the Alexandria Block/Calinesti Field is as follows:

Size/area:   114,000 acres
     
Average net pay:   25 feet
     
Depth:   2,400 feet
     
Proven reserves:   19 BCF
     
Probable/Possible reserves:   20 BCF
     
Exploratory/Gas reserves   24 BCF
     
Total reserves:   63 BCF
     
Expected initial daily production per well:   1,000 MCF
     

 

Working interest:

 

Net revenue interest:

 

 

 

 

 

100%

 

80%

     
Expected drilling costs (11 wells @ $800,000):   $8,800,000
     
Expected pipeline costs (30 kilometers):   $1,500,000 to $2,000,000










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