 FOR IMMEDIATE RELEASE
Technical Contact: R.O. Potter - ropotter@GeoChemTech.ca
GeoChemTech ANNOUNCES COLUMBIA SURVEY
October 10th, 2009 (Calgary, AB Canada)
GeoChemTech Inc. of Calgary, Alberta and Gore Surveys of Elkton, Maryland announces that a contact has been signed to conduct a GORE™ surface amplified geochemical survey in Colombia for a Canadian E & P company. The survey is part of the exploration strategy to evaluated offsetting prospects and leads to the company’s 2007 oil discovery in southern Colombia. Field acquisition will be started before the end of August.
The survey will consist of a semi-regular grid of 280 modules and two model wells covering approximately 180 km2 over the oil field and three prospect areas. The object of the survey is to identify the oil signature and to use it as an analog to evaluate the oil potential of the offsetting prospects. In addition, the survey will attempt to differentiate between residual and breeched accumulations and will provide input into the design of a future seismic program.
GORE™ surveys have the ability to measure thermogenic hydrocarbon mass in the hydrocarbon compound range of C2 though C20 which is not easily derived through most other geochemical methods. Samples are easily gathered by inserting GORE™ Modules (passive sampling devices that can easily capture and preserve gas, condensate and oil range hydrocarbons) less than one meter below the surface of the survey area. The patented GORE™ Module is a specially engineered adsorbent encased in a patented sleeve of microporous expanded polytetrafluoroethylene (ePTFE). These adsorbents have a strong affinity for a broad range of compounds in extremely low levels.
Using Gore’s Amplified Geochemical Imaging™ methodology, the samples are evaluated to locate charged reservoirs and the presence of petroleum system compounds. This unique methodology uses proven statistical analysis tools to produce a mapped interpretation of the sample field, identifying the presence of any hydrocarbon charge; the different phases of the charge, including gas, condensate, and oil; and the boundaries of the charged hydrocarbon reservoir. With 90 percent accuracy in mapping petroleum versus dry background areas, Amplified Geochemical Imaging™ accommodates seasonal, ecological, topographic, and regional geological conditions that might alter the compositional transformations of hydrocarbons from place to place.
GORE™ Surveys for oil & gas exploration have been used effectively for over 15 years
in more than 50 countries around the world, in 100 basins with reservoirs as deep as 7,500 meters and buried below thousands of meters of volcanic rock or anhydrite. They are equally effective in environments ranging from frozen tundra in Russia and Canada to boiling deserts in Egypt and Libya and elsewhere including tropical jungles, temperate forests, grasslands, swamps and offshore in water depths from shallow transition zones to more than 2,000 meter.
GORE™ Surveys has proven successful in over 60 depositional basins world wide, with actual drill results showing a 93% success rate in predicting dry holes, and an 88% success rate in predicting hydrocarbon-bearing zones at depth.
For information contact: Bob Potter, 403 863 9738, ropotter@geocheemtech.com, or visit www.GeoChemTech.com.
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