Amadeus maintains a strong focus on the exploration and the development of its numerous onshore oil and gas interests in Kansas, Louisiana, North Dakota, Oklahoma and Texas, USA.
To date, the Company has consistently achieved a good strike rate in the discovery and development of its oil and gas assets. In the 2008 financial year, Amadeus drilled 27 wells of which 22 have been completed for production.
Amadeus’ exploration portfolio continues to expand as the Company has sought to participate in high impact projects to compliment its diverse and well balanced production base.
The Company actively seeks to replace reserves, with an emphasised focus on discovering and defining new commercial oil and gas fields within its current acreage, which is in excess of 240,000 acres.
Several 3-D seismic surveys are planned for evaluation and completion in 2008 on acreage in Louisiana and Texas.
Up to a US$25 million has been budgeted for exploration and development in the 2009 financial year.
Gross Reserve Potential of Amadeus Projects
| PROSPECT | OBJECTIVES | ACREAGE AND TYPE | RESERVE POTENTIAL 100% GROSS | AMU WORKING INTEREST | OPERATOR | PROJECTED DATES FOR DRILLING | |
| BCFG GAS | MMBO OIL | ||||||
| Halletsville Project Area, (Multiple Prospects, TX) | Upper and Middle Wilcox and Midcox | The Lavaca County leasehold position at 1 September 2008 was in excess of 14,000 Acres | 161 | 7.25 | 35% to 50% | Trio | Ongoing Activity Thru 2008/09 |
| Knight Project, Polk County, TX. | Yegua Upper and Middle Wilcox and Downdip Woodbine. | 3-D Joint Venture acquired and reprocessed 119 square miles of 3-D data covering 76,000 Acres. | 14.5 | 1.1 | 35% | Union Gas | Evaluation Underway |
| NE Waller Project, Waller County, TX. | Frio, Yegua, and Upper thru Lower Wilcox | 50 square mile 3-D shoot / 22,000 acres under lease or option | 21 | 1.95 | 30% / 24% | AYCO | 4th Quarter 2008 |
| Raccoon Bend 3D Extension, Austin & Waller Counties, TX. | Shallow zones that produced in the old field, and the Upper thru Lower Wilcox, and the Midcox | 3-D Shoot on flanks of Raccoon Bend oil field. Combined 3-D dataset will be 50 Net square miles. 7500 acres around the existing Raccoon Bend Field HBP acreage has been leased or optioned. | 15.5 | 1.75 | 24% | Union Gas | 4th Quarter 2008 |
| Falcon Project, St. Landry Parish, LA. | Nodosaria 2 and Discorbis and Cockfield PTD: 13,500' | 850 Acre Leasehold Position | 75 | .6 | 20% | McRae | 4th Quarter 2008 |
| Homerun Project, Iberville Parish, LA. | Cib Hazz, Upper, Middle and Lower and Marg Tex, Upper and Lower Nodosaria Sands PTD: 13,000' | The leasehold position around this Prospect covers 1,150 acres. | 12 | 5 | 30.9% | Red Willow | 1st Quarter 2009 |
| Longville Project, Allen Parish, LA. | Frio, Cockfield, and Upper thru Middle Wilcox | 122 sq mile 3-D shoot / 55,000 acres under lease option | 50 | 5 | 25% | Union Gas | 4th Quarter 2008 |
| West Klondike Project, Iberville Parish, LA. | Marg Tex, Lario, Upper and Lower Nodosaria Sands PTD: 11,000' | This is a 3-D defined Prospect that covers 560 acres. | 17.6 | 4.8 | 30.9% | Sandalwood | 1st Quarter 2009 |
| Shoreline Project, Ward & Mountrail Counties, ND. | Sherwood and Bluell Members of Mississippian Mission Canyon Formation. PTD: 7,500' | 12,400 acres covering seven defined prospects. | 7 | 7 | 25% | Reeder Energy LP | 4th Quarter 2008 |
| TOTAL Gross Possible Reserves: | 373.6 | 34.45 | |||||
Author: Mr Peter Lehle, of Raritan Resources Inc, Houston, Texas is a AAPG (American Association of Petroleum Geologist) Certified Petroleum Geologist with over 25 years experience – acts as a non-executive director and consulting geologist to Amadeus.
