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SOLIMAR ENERGY LIMITED

ASX: SGY

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

Solimar is a growing oil and gas production and exploration company with a multi-project asset base focussed in the oil prolific San Joaquin Basin, onshore California. The company is listed on the ASX and TSX (TSXV:SXS) and is based in Australia with operations office in California.

Solimar's assets are mainly in oil prone trends adjacent giant fields and target both conventional (sandstone) and unconventional (fractured oil shale) reservoirs. The Company is already one of the largest acreage holders in the emerging Kreyenhagen oil shale trend in the NW San Joaquin Basin.

Solimar is embarking on an active work program to convert the large oil and gas resource potential within its acreage to reserves.

The Company operates most of its assets, holding high equity positions. This includes a control position in the Kreyenhagen oil field which is a known, shallow oil accumulation with signficant volumes of oil intersected by numerous wells within the Company's control acreage. In many cases Solimar will be the first oil and gas Company with the opportunity to apply modern drilling, completion and production technologies to unlock the potential in the acreage portfolio it has secured.

Mine For

oil, gas

Location of operation(s)

USA

Address

566 Elizabeth Street
MELBOURNE, VIC, AUSTRALIA

Phone

(61 3) 9347 2409

Email

Website


Last Updated

12/2/2015

 

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.