MDOIL

Recently digitally reconstructed seismic data available for license from the

Petroleum Corporation of Jamaica for the Morant, Formigas and Albatross regions, offshore eastern Jamaica.

Data for 2nd official round

Jamaica - the offshore banks digitised seismic

The Petroleum Corporation of Jamaica (PCJ) has recently made available for license 1,044 line km of digitally reconstructed data for Morant, Formigas and Albatross areas of Eastern Jamaica. The data was acquired in 1983 by Sefel as part of a Canada International assistance project and is the only seismic data available for this region.

The data is available by licence, through PCJ’s UK Agent (MDOIL Limited cjmd@mdoil.co.uk) for a fee of US$7,500 for a single user with a 50% discount for partners.

The data, to include the georeferenced shotpoint map and corrected navigation is available on a CD or can be downloaded from MDOIL's ftp site on payment of the license fee.

Newly digitally reconstructed seismic data

Offshore seismic metadata: the 1983 Sefel/PCIA surveys (Walton Basin, Morant Basin and Formigas Bank). Ref JEBCO alliance report 2004

OFFSHORESEISMIC

METADATA

JAMAICA

ACQUISITION

PROCESSING

DISPLAY

Walton Basin -Morant Basin - Formigas Bank

Survey Number: 8351

Auxiliary data: Magnetics, gravity, bathymetry

Total kilometres: 2940

Processing: PetroCanada Exploration Inc.Acquisition: Sefel

Source: Tuned air gun array, 3220 cu. in., 2000 p.s.i.

T.V.A: Exponential gain and spherical divergence correction

Demultiplex and resample: to 4 msec

Polarity: Negative numbers (compressions) displayed as peaks (black)

Instrument: Litton 888 Format: Unknown

DBS: Prediction offset 32 msec

Horizontal scale: 20 trace/cm (1:50,000)

Streamer length: 3000 m

Vertical scale: 1 sec = 5 cm

Number of hydrophone groups: 60

Pop interval: 25 m

Velocity analysis Trace mute and zero

Sampling: 2 msec

Anti-alias and low cut filter: High cut 125 Hz Low cut: 6 Hz

Polarity: Compression recorded as a negative number

DAS: Prediction offset 16 msec

Time Variant Scaling

Migration

Group interval: 50 m

Coverage: 60 fold

NMO: 60 fold stack

Record Length: 6 secs

Year: 1983

Morant, Formigas and Albatross regions, offshore eastern Jamaica.

1044 in Morant Fori gas area

SEISMIC PRODUCTION LOG

DO

CU

ME

NT

ID

LIN

EN

AM

E

ST

AC

K/

MIG

RA

TIO

N

RE

CO

NS

TR

UC

TE

D

DIR

EC

TIO

N

ST

AR

TT

IME

EN

DT

IME

DA

TA

LE

NG

TH

TR

AC

ES

/SP

LE

FT

SH

OT

PO

INT

RIG

HT

SH

OT

PO

INT

SP

Inte

rval

Kilo

mete

rs

TR

AC

EC

OU

NT

1 9000 M R - L 0 6 6000 1 1793 -68 25 46.525 1862

2 9001 M L - R 0 6 6000 1 -67 1243 25 32.75 1311

3 9002 M L - R 0 6 6000 1 -66 1403 25 36.725 1470

4 9002A M L - R 0 6 6000 1 2276 3052 25 19.4 777

5 9002B M R - L 0 6 6000 1 4636 3934 25 17.55 703

6 9003_9003A M R - L 0 6 6000 1 1918 -67 25 24.625 986

7 9004 M R - L 0 6 6000 1 2519 -66 25 64.625 2586

8 9005 M L - R 0 6 6000 1 -67 1149 25 30.4 1217

9 9006 M L - R 0 6 6000 1 -67 2012 25 51.975 2080

10 9006A M L - R 0 6 6000 1 2953 3919 25 24.15 967

11 9007 M R - L 0 6 6000 1 520 -67 25 14.675 588

12 9008 M R - L 0 6 6000 1 1338 -66 25 35.1 1405

13 9009 M R - L 0 6 6000 1 1948 -67 25 50.375 2016

14 9010 M L - R 0 6 6000 1 -66 1333 25 34.975 1400

15 9011 M L - R 0 6 6000 1 -65 4218 25 107.08 4284

16 9012 M R - L 0 6 6000 1 752 -67 25 20.475 820

17 9012A M R - L 0 6 6000 1 2292 1636 25 16.4 657

18 9012B M R - L 0 6 6000 1 4314 3173 25 28.525 1142

19 9013 M R - L 0 6 6000 1 352 13 25 8.475 340

20 9013A M R - L 0 6 6000 1 3184 1234 25 48.75 1951

21 9014 M L - R 0 6 6000 1 193 2511 25 57.95 2319

22 9015 M L - R 0 6 6000 1 -67 768 25 20.875 836

23 9015A M L - R 0 6 6000 1 1643 3392 25 43.725 1750

24 9016 M L - R 0 6 6000 1 -67 1595 25 41.55 1663

25 9017 M R - L 0 6 6000 1 1857 -66 25 48.075 1924

26 9018 M R - L 0 6 6000 1 3467 -66 25 88.325 3534

27 9019 M L - R 0 6 6000 1 -67 814 25 22.025 882

28 9021 M L - R 0 6 6000 1 -67 1205 25

29 9021_9021A M L - R 0 6 6000 1 -67 2467 25 38.325 1534

30 9021A M L - R 0 6 6000 1 1970 2465 25

Totals 1074.4 43004

Available Seismic

The island of Jamaica and multiple shallow banks are separated by NW-SE to EW trending deeps. Water depths are generally less than 1,500 metres with the 100 metre isobath outlining the carbonate banks and their upper slopes. Of the detached banks, Morant Key is about 230 km2

2)(89 miles in area (Meyerhoff and Krieg, 1977).

The images below show a collage of images from NASA shuttle photographs, illustrating the form of the present day banks. Most notable are the white coloured strips developed along the margins of the banks that face the prevailing waves and winds. These are coral reefs and their erosion products.

Lower Nicaragua Rise.

Water depths of 1,500 to 3,000 metres dominate this region. In the far north east (Morant Keys area), water depths are less than 500 metres.

Formigas Bank

This sector is associated with the passive margin at the eastern end of the Cayman Trough and is dominated by sets of NNE-SSW elongated tilted fault blocks created in the early stages of trough development. These are expressed in the bathymetry and continue in ever deepening water into the Cayman sector. Much of the early subsurface information comes from

single channel seismic surveys with low penetration, and it is entirely possible that older, but still prospective, sediments exist at depth. The digitization of Sefel/PCIA lines in this area has helped with the visualization of the deeper structure however, eventually new data will be required within the areas of interest to determine the character of these older depocentres if present.

Geological background, Upper Nicaragua Rise

.

NASA shuttle images of Upper Nicaragua Rise carbonate banks. Images courtesy of Earth Sciences andImage Analysis Laboratory, NASA Johnson Space Center. Ref JEBCO 2004 Report.

Held blocks are shaded

Patch reefs (Formigas Bank, Sefel/PCIA line 9016, ca. SP 1200).

Morant &formigasareas

Morant Basin

The gravity and magnetic data of this area off the eastern end of Jamaica imply a heavily faulted and possibly intruded region with magmatic activity. This is confirmed by the Sefel/PCIA seismic, which shows that early Tertiary rifting was followed by strong inversion, new rifting and in some cases by recently renewed inversion. Significant section is present. The tectonic complexity is related to the eastern prolongation of the onshore Plantain Garden Fault (the Enriquillo Fault of Haiti). This line of active tectonism is illustrated by Leroy et al. (1996). East-west Sefel/PCIA offshore lines south of the Blue Mountains suggest that the core of these mountains consists of a thrust stack dipping to either the south or, more probably, the north. A detailed study of these lines should also allow an excellent tie to the young tectonics onshore.

Morant South

This sector is defined largely on the basis of Bouguer gravity, which indicates an area of relatively thick crust lying to the south-east of the escarpment that bounds the Pedro Bank. The play potential in the north-west, along the escarpment trend is identical to that in the Jamaica Plain sector.

The general stratigraphy of Jamaica comprises a thick Tertiary sequence divided in two. The uppermost section is dominated by carbonates. The lower section (synrift section) is also mainly carbonate, but becomes more clastic at depth and laterally in places. The Tertiary unconformably overlies a thick Cretaceous shale/ siltstone section

Exploration sectors superimposed on free- 1 = Formigas Bank 2 = Naivassa 3 = Morant Basin 4 = Morant South

air gravity.

Some exploration sectors, ref JEBCO report 2004

Ref Finder Petroleum Houston 2007

Recent petroleum geochemical analysis has indicated the presence of both terrestrially and marine derived oils. The origin of the thermogenic gases remains

uncertain.

The marine oils are interpreted to be derived from a marl dominated source rock and both an Upper Cretaceous and Late Jurassic Marine sources could be responsible for the seeps and shows found throughout Jamaica (on and offshore)

The oil shows in the Eccleston core hole, eastern Jamaica and gas at Yallahs Point have yet to be analysed.

There are also minor gas anomalies offshore (Inter Ocean sniffer survey image) and SAR indications of hydrocarbons from the recent work by Finder.

The thermogenic gas

The three oil families

Oleanane/hopane Versus %C29 steranes

Jamaican Marine Vs Terestrially derived oils

Petroleum Prospectivity - recent petroleum geochemical analysis

Maracaibo BachaqueroAntigua #1Antigua #2

Saba Bank #1

Saba Bank #4

Saba Bank #3Saba Bank #2

Oleanane/Hopane

0

10

20

30

40

50

60

70

0 0.2 0.4 0.6 0.8 1 1.2 1.4 1.6

C29%

Tertiary sourced oils

Pre-

Windsor area

Retrieve-1

Content-1

Tertiary sourced oils

29 -28 -27 -26 -25 -24 -23

-30

-29

22

-21

-20

Terrigenous

29 -28 -27 -26 -25 -24 -23

-30

-29

22

-21

-20

Terrigenous

29 -28 -27 -26 -25 -24 -23

-30

-29

22

-21

-20

Terrigenous

Sources

Eocene

Maastrichtian

Smackover

-26

-25

-24

-23

-

Windsor-1, cuttings, 27-

1 cuttings,247-248m

Windsor-1 CH cuttings

1 oil, 1509 m

-26

-25

-24

-23

-

Windsor-1, cuttings, 27-

1 cuttings,247-248m

Windsor-1 CH cuttings

1 oil, 1509 m

-26

-25

-24

-23

-

Windsor-1, cuttings, 27-

1 cuttings,247-248m

Windsor-1 CH cuttings

1 oil, 1509 m

Windsor-

Windsor-

Windsor-

Windsor-

Windsor-

Windsor-

Windsor

Content-1,1435m

Content-1, 1603m

Content-1,1435m

Content-1, 1603m

Windsor-1 oil, 1692 m

Content-1,1435m

Content-1, 1603m

-28

-27

-28

-27

-28

-27Retrieve-1Retrieve-1Retrieve-1

Marine

Saba #1 6990 ftMaracaibo Bachaquero

Antigua Ab10

Antigua AB 9 Saba #1 9300 ft

Saba #2 3,742 ft

Saba #2 3,920 ft

Petroleum Geochemistry

Caribbean Oil Families

Rich Eocenesource rocks

-31 -30 -

I

II

III

50 100 150 200

1000

900

800

700

600

500

400

300

200

100

0

Oxygen Index

Hydrogen Index

Content - 1 Van Krevelen plot for the Chapelton Formation.

Prepared from Rodrigues indicating the presence of rich Eocene source rocks

Ref: Finder Petroleum, Houston 2007

The Data and Opportunities

The data

The Petroleum Corporation of Jamaica (PCJ) can make available though its marketing agent the following data:

Reconstructed Data (described in this booklet)

1044 line km of reconstructed 1983 Vintage seismic for Morant and Formigas areas.

Report entitled:

The Realisation of the Hydrocarbon potential of Jamaica Phase I: Setting the scene Volume I and Volume II.

(NB required data to bid on blocks). Paper and CD copy available.

Digital data, seismic and wells

Scanned Jamaica seismic (Prakla Seismos, GSI, CGG (Union Texas) and Sefel (PCJ) data (8,141.22km) well data (LAS files) and scanned reports. (NB required data to bid on blocks). CD or DVD copy available.

Digitally reconstructed Jamaican seismic data from GA78, JA62, UJT and PCIA surveys. DVD copy available.

Reprocessed Jamaican seismic data. Shot records, geometry and PSTM gathers with radon transform for: G78-024, G78-04, G78-105, G78-109, G78-20, GA-203, G78-27, JA82-12, JA82-9, PCIA-9024, PCIA-9025, PCIA-9026, PCIA-9032, PCIA-9053 & UTJ80-12 (1,026km) and Radon migration and Radon stacks for G78-024, G78-04, G78-105, G78-109. G78-20, GA-203, G78-27, JA82-12, JA82-9, PCIA-9024, PCIA-9025, PCIA-9026, PCIA-9032, PCIA-9053.DLT copy available Radon stacks on 2 Cds.

The opportunities

Jamaica is offering 4 large onshore blocks and 12 large offshore blocks in shallow to moderately deep water. Earlier work by the JEBCO Alliance identified two or possibly three Petroleum Systems. Some 53 leads have been identified and there is considerable scope for more in the relatively unexplored areas outside of the Walton basin. The Walton Basin, Blossom Basin, Pedro Bank and the North Coast were rated as having high prospectivity and the Jamaica plain, Alice Shoal and Birthday areas were rated as having moderate prospectivity (Ref JEBCO report 2004) clearly the Cayman Trough should be thought of as unprospective at present.

Key Concession Terms

·

·exploration period.

·Twenty (20) year production period.

·Optional ten (10) year extension of production period.

·

·33 1/3% maximum income tax rate and/or possible tax exemption for a number of years.

·No restrictions on production exports or repatriation of capital.

·Ability to recoup production costs, make return on investment, defray tax and royalty obligations, before sharing profit with government.

·2.5% profit to be re-invested in local community and environmental projects.

·An annual sum (to be negotiated) to be spent on training of Jamaican personnel.

·Allowing sale, farm-out or joint venture opportunities to companies

·

·

Attractive Factors

·Low Entry Cost

·Large possible reserves for oil and/or gas.

·A large and open space concession area onshore and offshore.

·Well locations in shallow to moderate water depths.

·Production possibilities in shallow water.

·Relinquishment option at the end of each concession period.

·Proximity to Gulf of Mexico and other US markets.

·Excellent terms and conditions.

·Malampaya look-alike features

Data packs available at year end, seismic, well data, geological reports offshore US$ 55,000, onshore US$ POA.

Royalty, if required, is to be negotiated.

Natural gas, through LNG and CNG, will become an important part of the Jamaican energy mix for the electricity sector. Infrastructure will be created for the distribution of imported natural gas. Consequently, local finds of natural gas would be readily marketable

Excess gas will be monetised by creating methanol, fertilizer, urea, CNG, GTL, LNG or GHN.

Five (5) year primary

Petroleum Corporation of Jamaica36 Trafalgar Rd,Box 579Kingston 10Jamaica, W.I.t. +1 876-929-5380/9f. +1 876-929-2409raymond.wright@pcj.com

MDOIL Limited68 Glade Road,Marlow, Bucks,SL7 1DH,EnglandTel +44 (0) 7908 208345www.mdoil.co.uke.mail cjmd@mdoil.co.uk

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