JSX: 'Excellent Potential' for Mae Sot Discovery
JSX Energy's technical experts have confirmed statements regarding the discovery potential for liquid hydrocarbons in JSX's Mae Sot Basin in Thailand. Their high degree of confidence is based on scientific conclusions drawn from seismic and other geophysical & geological data of the basin. JSX said that a comprehensive 2-D seismic reinterpretation study recently conducted by Dr. Carl Goldwater generated significant new information, including the confirmation of "source rock maturity for oil generation."
According to the company, Goldwater's analysis of the basin clearly indicates sediments buried to a maximum depth of 6000 feet. If deposition, burial history and thermal regime are similar to those of the Fang Basin as expected, then one would conclude that source rocks would become mature for oil generation at 3600 feet and deeper in a "kitchen area."
Goldwater is a highly qualified expert in Thai petroleum geology and geophysics. He has undertaken a number of extensive projects in the country over the past 30 years, including a complete gravity survey of the Mae Sot Basin and an in-depth interpretation of the prolific Phitsanulok Basin, which includes the 380,000,000 barrel Sirikit oilfield next door to the Mae Sot Basin.
JSX Energy Corp. is an aggressive exploration company focused on high-growth opportunities in Thailand's petroleum sector that seeks to benefit from revised government policies designed to increase domestic production. JSX has 2,500,000 acres under three exclusive long-term petroleum concession agreements.
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