Pantera Petroleum is an oil & gas exploration company with a mission to explore and discover supplies of energy in North and South America. Their strategic goals include acquiring and exploring known, but under-explored, production areas with cutting-edge techniques.
The company has rights to an 85% stake in five concessions representing 16,000 square kilometers in Paraguay. The concessions are located in a well established hydrocarbon area, named the Chaco Basin. Presently, over 2 BCF per day of gas and over 5,000 barrels of oil are being produced in the Chaco Basin in addition to Bolivia and Argentine.
The website’s publisher stated, “Pantera Petroleum is designing an exploration program to effectively evaluate the concessions. This can be accomplished through the proper mix of seismic and drilling. The Curupayty already has about 2900 kilometers of 2D seismic with approximately 1800 kilometers of 1970 vintage data and 900 kilometers of more recent 1993 data. Three wells have been drilled very close to the prospective acreage.”
“The exploration plan will allow proper seismic evaluation of the concessions before drilling begins. An initial six well exploration program is contemplated. These wells are scheduled to follow reprocessing of existing seismic and acquisition of new seismic. The strategy is to schedule the drilling so that information from the first well may be incorporated in the execution of the remaining program. Two appraisal wells are forecast within the initial exploration program. This program should adequately evaluate the concessions and is forecast to have a 30-40% chance of discovering one developable size field in the initial exploration program,” he concluded.
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