ABILENE GEOLOGICAL SOCIETY

APRIL

SPEAKER

 

May 20, 2010 Meeting

Abilene Country Club

 

Thursday noon, May 20th, 2010  

Luncheon Buffett  - FREE  to AGS Members, guests -$12.00

Abilene Country Club, 4039 S. Treadaway  Blvd, Abilene, Texas 79602

                  Please RSVP by Wednesday noon, May 19th, to Matthew Burgess@ 325.692.3903

Email is preferable: mjburges@yahoo.com

Guests are welcome

 

 

World Record Flow Test

InterOil Corporation Antelope #2 Well

Elk and Antelope Fields

Papua New Guinea

 

Inter Oil Corp received multiple concessions from the government of Papua New Guinea totaling over 8,000,000 acres. After extensive surface exploration and gravity work, they identified approximately 40 drilling prospects on 4,000,000 acres. After shooting over 100 miles of 2-D seismic, IOC drilled three wells in the Elk field and two wells in the Antelope Field. The Antelope #2, which was drilled in 2009, was tested at a production rate of 700 MMCFGPD and 11,200 BOPD. Current resource estimates put reserves at over 8 TCF and 500,000,000 B.O. IOC currently has their refinery operational and has recently finalized their financing with Japan-based MItsui to build an LNG facility. Production from these respective fields should begin in the 2013-2015 time frame.

 

 

BIOGRAPHY

Charles E. (Cactus) Schroeder III

 

Charles E. (Cactus) Schroeder graduated from Hardin-Simmons University in 1981 with a B.S. degree in Geology. He founded Chisholm Exploration, Inc. in 1981 and Chisholm Operating, Inc. in 1999. Chisholm has been active in exploration and production in the Williston Basin, Ohio, and the Permian Basin, as well as being currently involved in the drilling of the Eagle Ford Shale in South Texas. Cactus has served or is currently serving on the boards of Stansberry Research, Genco LLP, Community Foundation, Hollywood Celebrity Shoot, and as past vice-president of the Abilene Geological Society. His family includes wife, Erin, and daughters Katie, Delaney, and Elle.