One of the prospects identified as a high priority target on the Trading Bay Block is the Cottonwood Creek Prospect. This prospect is based on a well which was drilled by Shell in 1967 looking for Hemlock Formation oil. The well encountered significant gas shows in the shallower Tyonek sandstone formation at approximately 3,000 feet which were corroborated by an apparent gas column on the well logs. The well was drilled on a closed structure identified from Shell's 2-D seismic data (GeoPetro has acquired and reprocessed certain Shell seismic data). A gathering line of approximately five (5) miles would be required to tie in the Cottonwood Creek Prospect location into the Chevron-Marathon 16" regional pipeline which runs through the Trading Bay Block.GeoPetro Management Comments
GeoPetro Resources Company Provides Update On The Cook Inlet Project In Alaska
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