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Rampart Energy Ltd - Multibillion Barrel Resource in North Slope, Alaska

Rampart Energy Ltd (ASX: RTD) and its partner Royale Energy Inc have received final shale oil resource estimates from internationally renowned Netherland Sewell and Associates Inc (‘NSAI’), highlighting the massive potential of their acreage in the North Slope of Alaska.

Highlights:

  • Rampart-Royale acreage hosts between 0.8 billion barrels and 9.5 billion barrels of original oil in place (‘OOIP’);
  • Prospective Resource determined by independent analyses for the shale targets in the areas to be explored by Rampart within the North Slope of Alaska;
  • NSAI have completed a Prospective Resource assessment for the unconventional shale oil potential only at this time;
  • Conventional prospectivity still being assessed;
  • Expected to add material upside to the resource being explored by Rampart and Royale;
  • Additional Block resource to be assessed following completion of this report;
  • Final agreement with seismic contractor expected soon;

 

For a full copy of the release please visit: http://www.asx.com.au/asxpdf/20130822/pdf/42htvvs08pxghz.pdf

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