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Tuesday, January 2, 2018
Oyster Oil & Gas commissioned GH Geochem Ltd to study core samples recovered from a well drilled as part of the four well coring campaign carried out in Block 1101 in Madagascar during Q3/Q4 2014. The cores were recovered from a well drilled at Ankaramy, which is adjacent to some very large, highly prospective anticlinal structures located on the Ampasindava Peninsula, in the southwest of Block 1101.
In summary, the biomarker evaluation of the migrated oil not only confirms the presence of migrated petroleum but also shows that the oil is from a peak mature, clay rich source rock deposited in a marine nearshore environment, probably migrated from more deeply buried Jurassic or perhaps older source rocks.
Dr. Phil Roach, Oyster’s Head of Exploration commented: “It has taken three years for Oyster to get access to these well cores and undertake this important piece of geochemical analysis work done, which confirms that there is a viable working petroleum system in this part of Madagascar.”
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