JSX Bullish About Thai Concession
Thailand is a net importer of oil, even though the Country is actually an oil producer. The first and most significant oilfield discovered in Thailand was the Sirikit, east of the Mae Sot basin.
The Sirikit oilfield was discovered in 1981 by Thai Shell Exploration and Production Co., Ltd. Oil from Sirikit began to flow in December 1982, which marked the beginning of Thailand's commercial oil production. To this day, Sirikit remains the country's most productive onshore oilfield, with an output of 20,000 barrels per day. The discovery of the Sirikit Oilfield spurred additional exploration in the concession that led to discoveries of smaller but equally significant oilfields.
There are major similarities between the Sirikit and JSX Energy's Mae Sot basin, and the development of thin sands in the flavio-lucastrine sediments similar to the Sirikit field and others onshore and offshore, presents a very attractive oil - or possibly gas - target.
Figures obtained from the Thai Department of Mineral Fuels, show that the Sirikit will produce for at least 20 more years. The reservoirs proven and potential reserves are well over 120,000,000 barrels, in addition to 300 Billion CF of natural gas.
JSX Energy is an aggressive exploration company focused on high growth opportunities in Thailand's petroleum sector. Management is comprised of leading experts in Thailand's energy industry who have positioned the Company to benefit from revised government policies designed to increase domestic production.
- Interra Inks Deal for a 50% Stake in Thai Concessions (Nov 07)
- Thai Government Approved Interra's Farm-in/out Agreement with JSX (Oct 23)
- JSX Encouraged by Mae Sot Seismic Findings (May 08)
Company: Thai Department of Mineral Fuels more info
- Thai Government to Share Seismic Data with JSX (Feb 21)
- JSX Bullish About Thai Concession (Feb 16)