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COO Drew Cadenhead shows a layer of oil-and gas-rich shale source rock where drilling and completion technology can establish production directly from the source. |
Unconventional Resource Opportunity
As conventional hydrocarbon reserves continue to decline, experts' estimates of
the world's remaining reserves indicate that a total of 70% of the world's future
reserves will be sourced from unconventional oil and gas resources, including oil
sands, coal bed methane, gas hydrates and fractured oil and gas shales.
World-Class Fractured Shale Source Rocks
Trans-Orient is at the forefront to take advantage of this unconventional opportunity
with its 100%-controlled Waipawa Black Shale and Whangai Shale project on the East
Coast of New Zealand. The project encompasses the main play area where the Waipawa-Whangai
fractured shale formations are widespread and thickly developed throughout the Company's
multi-million acre land holding.
The oil- and gas-rich Waipawa Black Shale and Whangai Shale formations are comparable in total organic carbon content and oil and gas maturity levels to such successful fractured shale plays as the Bakken Shale of North America's prolific Williston Basin, and the Barnett Shale in East Texas. In addition, measured primary porosities in both the Waipawa Black Shale and the Whangai Shale Formation are in the 22-30% range, well above what is typically found in the Bakken or Barnett and have potential to contain major quantities of oil and gas.


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