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CARPATHIAN RESOURCES LIMITED - ASX: CPN
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Description
Carpathian Resources Limited ("Carpathian") is an oil and gas explorer and producer with a focus on Central Europe. The Company is listed on the Australian Stock Exchange (ASX Code: CPN). The Company has its Registered Office in Sydney, New South Wales, Australia. Carpathian operates in a favourable geographic and political region. The petroleum legislation is strong and well developed, there is good security of tenure and there is low sovereign and commercial risk.
Janovice
The Janovice block is located in Northern Moravia, Czech Republic. It is situated some 20 km, south of Ostrava, a major industrial centre and five kilometres from Carpathian’s 50% (75% before payout) owned Krásná oil field. The Ja3a discovery well was drilled between 16 March 2004 and 11 April 2004 when it reached a total depth of 1,108 metres.
Krásná
The Krásná oil field was discovered and tested just prior to the end of the communist rule in what was then Czechoslovakia. Crude oil is contained within Devonian carbonates at a depth below the surface of about 1,600 metres. Two wells KS7 and KS8 are capable of production. Carpathian has an initial 75% interest in Krásná, which will reduce to 50% revenue interest in payback to the Company of capital costs.
MOšNOV
The Mošnov permit located near the Ostrava airport was granted in March 2003 and was renewed in March 2004. The project area lies close to the northern edge of the Carpathian flysch belt, an area where Upper Silesian Coal Basin (Palaeozoic) is overlain by only 400-500 metres of Tertiary.
Morava
The Morava project is located in the northern part of the Vienna Basin, a prolific oil and gas producer. There is potential for oil and gas prospects in both stratigraphic and structural traps at varying depths.
Rožnov
The Rožnov project area is a group of 4 permits located approximately 25 kilometres south west of Carpathian’s Krásná and Janovice areas. The area has numerous producing oil and gas fields.
SLOVAKIA
In the last twelve months Carpathian had one project in the Slovakia at Plavnica (formerly Kežmarok). The permit covered a relatively unexplored area in the north of the Slovakia with some indications of hydrocarbons from surrounding wells.
Mine For
oil, gas
Location of operation(s)
Czech Republic, Slovakia
Address
Zenith Centre, Tower A, Level 20, 821 Pacific Hwy
CHATSWOOD, NSW, AUSTRALIA
Phone
(61 2) 9410 9294
Website
Last Updated
15/04/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
