|By Marketwired .||
|November 22, 2012 10:48 AM EST||
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/22/12 -- Brandenburg Energy Corp. (TSX VENTURE:BBM) ("Brandenburg" or the "Company"), further to signing the Memorandum of Understanding (MOU) as announced on October 15, 2012, which contemplates the Company acquiring a 60% interest in the Production Sharing Contracts (PSC's), or PSC Holder, for the four blocks known as Dibella 1, Dibella 2, Mandaram and Dallol, is pleased to provide the following as a summary of its due diligence efforts to date, while also conveying Management's view of this exploration opportunity for the Company in Niger.
"We are pleased with our progress to date and the exploration potential that we have confirmed in Niger. We are content to explore in the flanks of a rift basin that is known to have over a hundred leads and tests and where reserves are now reported to be over 650 million barrels. We view this play as presenting shareholders with exposure to a low risk and low cost drilling exploration opportunity that lies between proven reserves and infrastructure both immediately to the west as well southeast in neighbouring Chad. After completing our due diligence we look forward to determining a mutually acceptable scope of work for the next couple of years," stated Robert Findlay, President of Brandenburg.
EXPLORATION POTENTIAL OF DIBELLA 1 & 2, AND MANDARAM BLOCKS (EAST NIGER GRABENS):
Regional interpretations suggest reservoirs are indicated in the Eocene, Maastrichtian and the Lower Cretaceous. The depositional environment is continental so reservoirs will be fluvial and while usually of limited extent are good to excellent quality, occur frequently, and can be seen on conventional 2D seismic. The Maastrichtian sandstones are also fluvial and have excellent reservoir quality (porosity 25-35%).
Eocene fluvial sandstones are interbedded with thick shales providing seal. Oligocene shales provide seal although sandstones might be sealed locally by shale intercalations. Shales providing seal can also provide source. Source and maturity are also available by communication with the deeper and thicker sediments within the Dinga trough (just west) where fields are now being brought into production. The presence of marine or lacustrine shale sequences upgrade the source potential of the grabens. Source rocks are identified in the marine Upper Cretaceous shales and the lacustrine Oligocene shales.
Stratigraphic traps can be expected locally while regionally a system of north south faulting provides numerous types of structural traps as seen in neighbouring Chad's discovered and producing fields.
From 2009 to 2012, approximately 75 kms east northeast of the now producing Agadem fields (within the Dinga trough) where the China National Petroleum Company (CNPC) has, since 2008, invested over US $3.0 billion in upstream and downstream, two exploration wells Dibella N-1 and Dibella N-2, and the Dibella N-5 appraisal well were drilled by CNPC and reported to have encountered from 23 to 43.5 metres of net pay from the Sokor Alternances Formation (total depths from 1775 to 1850 metres). These wells are located on the eastern extents of the Agadem block approximately 25kms west southwest of the Dibella 1 block's western boundary. One regional line of 2D seismic running NE-SW extends from this area of the Agadem Block across Dibella 1 & 2 blocks.
Although Dibella 2 block is very similar to Dibella 1 block in its setting it overlies the Dibella sub-basin which will give a thicker and deeper section providing more reservoir seal, maturity, source and seal. The Paleocene is either eroded or not deposited to the east. If eroded an unconformity trapping opportunity will be present.
The Mandaram block shares a similar geological depositional environment as the Dibella blocks except that it lies to the east of the Western African Rift System. All factors evidenced in the east at the Dibella blocks can be seen in the west. Although the Mandaram block is on the western part of the Manga sub-basin it is expected to share the same benefits as Dibella 2 regarding oil generation and pooling. Limited regional 2D seismic lines are in proximity to the block.
EXPLORATION POTENTIAL OF DALLOL BLOCK (IULLEMEDEN BASIN):
The Dallol block lies within the northern extent of Iullemmeden Basin (Mali-Niger-Benin-Nigeria), or the Sokoto Basin as it is known in Nigeria where it is a major producing area. The basin is of tectono-epeirogenic origin and was invaded several times by epicontinental transgressions during the Cretaceous and Paleocene. Although available data is limited, features that support the Company's interest in the Dallol block are as follows:
-- Paleozoic to Tertiary section present -- Thickness of sediments vary from 1500 to 2000 m (and much thicker in the grabens) -- North to south faulting system similar to eastern Niger where formation of traps are demonstrated -- Presence of deep narrow grabens in the south-western parts of the block -- Comparable system to that now in production from the Agadem Block -- Source and maturity are expected to be good in the Cretaceous grabens
To view a map illustrating the above please visit the Company's website at www.brandenburgcorp.com or select the following link: http://www.brandenburgcorp.com/i/pdf/2012-11_NigerRVB.pdf
OVERVIEW OF THE PETROLEUM INDUSTRY IN NIGER:
IOCs (International Oil Companies) explored for oil in Niger since the 1950's and drilled the first exploration wells from 1962 to 1964 (Petropar, in the Djado and Tamesna-Talak areas). Results revealed oil deposits in some of the wells, which encouraged further activity. In 1969 Texaco is reported to have made the first discovery at Agadem which initiated more extensive exploration during the 1970s and 1980s by firms such as Global Energy, Sun Oil, Conoco, Texaco, Esso and Elf throughout the Kafra-Seguedine grabens, the Dosso area, the Agadem Block, the Iullemeden Basin and the Bilma area. Focus finally centred on the Djado and Agadem Basin. In 1992 Hunt Petroleum was awarded the Djado permit on the northern tip of the Termit-Tenere Rift Basin. By 1997, with Esso/Exxon holding rights to the Agadem block, the Tenere permit was awarded to TG World Energy Inc. Since, Algeria's Sonatrach, Malaysian Petronas, Canadian TVI Pacific, China's CNPC and Russian Gazprom have all been active explorers in the oil and gas industry of Niger.
In January 2005 Petronas Carigali Niger Exploration & Production Ltd. (PCNEPL), a subsidiary of Petronas, announced that it had encountered hydrocarbons in the Agadem Block 1 Permit. Also the Jaouro-1 exploration well was drilled in the Termit Basin to a total depth of 2,462 metres with production tests resulting in a maximum flow rate of 2,540 barrels of oil per day. Reported reserves from +300 to 350 MMbbls were not yet developed to a point thought to be required for commercialization.
In 2007, with better economics, the Republic of Niger initiated a bidding process for the 27,660 km2 Agadem Block. Out of seven bidders the China National Petroleum Corporation (CNPC) was ultimately successful and signed an agreement in 2008 awarding them a licence to explore and produce from the Agadem Block with a phased investment of up to US $5.0 billion comprising geological research, construction of a refinery capable of 20,000 barrels per day (bpd), and 2,000 kilometres of pipeline. By November 2011, after US $3.0 billion already expended by CNPC, Niger had entered an 'oil era' when the CNPC-funded Soraz Oil Refinery in Zinder fed by production of light crude from the Agadem Block's oilfields through a 462.5 km pipeline became operational.
Readers are cautioned the MOU (Memorandum of Understanding) referred to herein is subject to the negotiation and execution of a definitive agreement, governmental and third party approvals, and available financing.
James Dick, P.Geol., P.Eng., (Calgary) is an Qualified Person in accordance with National Instrument 51-101 and has reviewed and approves the technical disclosure in this news release.
Additionally, concurrent to these efforts in Niger, the Company remains active assessing other African opportunities and is now preparing an application for a PSC covering a prospective onshore block in the coastal West Africa region. Management also continues its efforts recruiting a couple of key individuals with expertise in the sector and region.
On behalf of the Board of Directors,
BRANDENBURG ENERGY CORP.
Karl Antonius, CEO
We seek safe harbor.
This news release contains forward-looking statements, which may relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. There are no assurances that the Company will be successful in entering into formal agreements on commercially acceptable terms or at all. All of the forward-looking statements made in this news release are qualified by these cautionary statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation.
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.
Brandenburg Energy Corp.
+604.669.9330 or +604.218.9434
Brandenburg Energy Corp.
Kubernetes, Docker and containers are changing the world, and how companies are deploying their software and running their infrastructure. With the shift in how applications are built and deployed, new challenges must be solved. In his session at @DevOpsSummit at19th Cloud Expo, Sebastian Scheele, co-founder of Loodse, will discuss the implications of containerized applications/infrastructures and their impact on the enterprise. In a real world example based on Kubernetes, he will show how to ...
Aug. 24, 2016 04:45 PM EDT Reads: 1,285
Is the ongoing quest for agility in the data center forcing you to evaluate how to be a part of infrastructure automation efforts? As organizations evolve toward bimodal IT operations, they are embracing new service delivery models and leveraging virtualization to increase infrastructure agility. Therefore, the network must evolve in parallel to become equally agile. Read this essential piece of Gartner research for recommendations on achieving greater agility.
Aug. 24, 2016 04:35 PM EDT Reads: 126
Pulzze Systems was happy to participate in such a premier event and thankful to be receiving the winning investment and global network support from G-Startup Worldwide. It is an exciting time for Pulzze to showcase the effectiveness of innovative technologies and enable them to make the world smarter and better. The reputable contest is held to identify promising startups around the globe that are assured to change the world through their innovative products and disruptive technologies. There w...
Aug. 24, 2016 04:15 PM EDT Reads: 292
SYS-CON Events announced today Telecom Reseller has been named “Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
Aug. 24, 2016 04:15 PM EDT Reads: 393
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
Aug. 24, 2016 04:15 PM EDT Reads: 2,530
To paraphrase someone famous, "The definition of insanity is to do something the same way over and over again and expect a different result". Humans are creatures of habit and when it comes to storage, old habits die hard. Why do we continue to put our faith in legacy storage providers when they haven't invented anything new in decades. Sure, they re-badge their products every couple of years to make their messaging look modern, but ultimately, it's the same old stuff with a new coat of lipsti...
Aug. 24, 2016 04:10 PM EDT Reads: 184
StarNet Communications Corp has announced the addition of three Secure Remote Desktop modules to its flagship X-Win32 PC X server. The new modules enable X-Win32 to safely tunnel the remote desktops from Linux and Unix servers to the user’s PC over encrypted SSH. Traditionally, users of PC X servers deploy the XDMCP protocol to display remote desktop environments such as the Gnome and KDE desktops on Linux servers and the CDE environment on Solaris Unix machines. XDMCP is used primarily on comp...
Aug. 24, 2016 03:15 PM EDT Reads: 344
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
Aug. 24, 2016 02:15 PM EDT Reads: 1,431
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
Aug. 24, 2016 02:00 PM EDT Reads: 411
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
Aug. 24, 2016 02:00 PM EDT Reads: 1,822
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications. Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
Aug. 24, 2016 12:15 PM EDT Reads: 1,792
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Aug. 24, 2016 12:00 PM EDT Reads: 3,838
To leverage Continuous Delivery, enterprises must consider impacts that span functional silos, as well as applications that touch older, slower moving components. Managing the many dependencies can cause slowdowns. See how to achieve continuous delivery in the enterprise.
Aug. 24, 2016 11:45 AM EDT Reads: 1,432
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Aug. 24, 2016 11:45 AM EDT Reads: 3,347
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Aug. 24, 2016 11:00 AM EDT Reads: 2,082