|By Marketwired .||
|November 22, 2012 10:48 AM EST||
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/22/12 -- Brandenburg Energy Corp. (TSX VENTURE:BBM) ("Brandenburg" or the "Company"), further to signing the Memorandum of Understanding (MOU) as announced on October 15, 2012, which contemplates the Company acquiring a 60% interest in the Production Sharing Contracts (PSC's), or PSC Holder, for the four blocks known as Dibella 1, Dibella 2, Mandaram and Dallol, is pleased to provide the following as a summary of its due diligence efforts to date, while also conveying Management's view of this exploration opportunity for the Company in Niger.
"We are pleased with our progress to date and the exploration potential that we have confirmed in Niger. We are content to explore in the flanks of a rift basin that is known to have over a hundred leads and tests and where reserves are now reported to be over 650 million barrels. We view this play as presenting shareholders with exposure to a low risk and low cost drilling exploration opportunity that lies between proven reserves and infrastructure both immediately to the west as well southeast in neighbouring Chad. After completing our due diligence we look forward to determining a mutually acceptable scope of work for the next couple of years," stated Robert Findlay, President of Brandenburg.
EXPLORATION POTENTIAL OF DIBELLA 1 & 2, AND MANDARAM BLOCKS (EAST NIGER GRABENS):
Regional interpretations suggest reservoirs are indicated in the Eocene, Maastrichtian and the Lower Cretaceous. The depositional environment is continental so reservoirs will be fluvial and while usually of limited extent are good to excellent quality, occur frequently, and can be seen on conventional 2D seismic. The Maastrichtian sandstones are also fluvial and have excellent reservoir quality (porosity 25-35%).
Eocene fluvial sandstones are interbedded with thick shales providing seal. Oligocene shales provide seal although sandstones might be sealed locally by shale intercalations. Shales providing seal can also provide source. Source and maturity are also available by communication with the deeper and thicker sediments within the Dinga trough (just west) where fields are now being brought into production. The presence of marine or lacustrine shale sequences upgrade the source potential of the grabens. Source rocks are identified in the marine Upper Cretaceous shales and the lacustrine Oligocene shales.
Stratigraphic traps can be expected locally while regionally a system of north south faulting provides numerous types of structural traps as seen in neighbouring Chad's discovered and producing fields.
From 2009 to 2012, approximately 75 kms east northeast of the now producing Agadem fields (within the Dinga trough) where the China National Petroleum Company (CNPC) has, since 2008, invested over US $3.0 billion in upstream and downstream, two exploration wells Dibella N-1 and Dibella N-2, and the Dibella N-5 appraisal well were drilled by CNPC and reported to have encountered from 23 to 43.5 metres of net pay from the Sokor Alternances Formation (total depths from 1775 to 1850 metres). These wells are located on the eastern extents of the Agadem block approximately 25kms west southwest of the Dibella 1 block's western boundary. One regional line of 2D seismic running NE-SW extends from this area of the Agadem Block across Dibella 1 & 2 blocks.
Although Dibella 2 block is very similar to Dibella 1 block in its setting it overlies the Dibella sub-basin which will give a thicker and deeper section providing more reservoir seal, maturity, source and seal. The Paleocene is either eroded or not deposited to the east. If eroded an unconformity trapping opportunity will be present.
The Mandaram block shares a similar geological depositional environment as the Dibella blocks except that it lies to the east of the Western African Rift System. All factors evidenced in the east at the Dibella blocks can be seen in the west. Although the Mandaram block is on the western part of the Manga sub-basin it is expected to share the same benefits as Dibella 2 regarding oil generation and pooling. Limited regional 2D seismic lines are in proximity to the block.
EXPLORATION POTENTIAL OF DALLOL BLOCK (IULLEMEDEN BASIN):
The Dallol block lies within the northern extent of Iullemmeden Basin (Mali-Niger-Benin-Nigeria), or the Sokoto Basin as it is known in Nigeria where it is a major producing area. The basin is of tectono-epeirogenic origin and was invaded several times by epicontinental transgressions during the Cretaceous and Paleocene. Although available data is limited, features that support the Company's interest in the Dallol block are as follows:
-- Paleozoic to Tertiary section present -- Thickness of sediments vary from 1500 to 2000 m (and much thicker in the grabens) -- North to south faulting system similar to eastern Niger where formation of traps are demonstrated -- Presence of deep narrow grabens in the south-western parts of the block -- Comparable system to that now in production from the Agadem Block -- Source and maturity are expected to be good in the Cretaceous grabens
To view a map illustrating the above please visit the Company's website at www.brandenburgcorp.com or select the following link: http://www.brandenburgcorp.com/i/pdf/2012-11_NigerRVB.pdf
OVERVIEW OF THE PETROLEUM INDUSTRY IN NIGER:
IOCs (International Oil Companies) explored for oil in Niger since the 1950's and drilled the first exploration wells from 1962 to 1964 (Petropar, in the Djado and Tamesna-Talak areas). Results revealed oil deposits in some of the wells, which encouraged further activity. In 1969 Texaco is reported to have made the first discovery at Agadem which initiated more extensive exploration during the 1970s and 1980s by firms such as Global Energy, Sun Oil, Conoco, Texaco, Esso and Elf throughout the Kafra-Seguedine grabens, the Dosso area, the Agadem Block, the Iullemeden Basin and the Bilma area. Focus finally centred on the Djado and Agadem Basin. In 1992 Hunt Petroleum was awarded the Djado permit on the northern tip of the Termit-Tenere Rift Basin. By 1997, with Esso/Exxon holding rights to the Agadem block, the Tenere permit was awarded to TG World Energy Inc. Since, Algeria's Sonatrach, Malaysian Petronas, Canadian TVI Pacific, China's CNPC and Russian Gazprom have all been active explorers in the oil and gas industry of Niger.
In January 2005 Petronas Carigali Niger Exploration & Production Ltd. (PCNEPL), a subsidiary of Petronas, announced that it had encountered hydrocarbons in the Agadem Block 1 Permit. Also the Jaouro-1 exploration well was drilled in the Termit Basin to a total depth of 2,462 metres with production tests resulting in a maximum flow rate of 2,540 barrels of oil per day. Reported reserves from +300 to 350 MMbbls were not yet developed to a point thought to be required for commercialization.
In 2007, with better economics, the Republic of Niger initiated a bidding process for the 27,660 km2 Agadem Block. Out of seven bidders the China National Petroleum Corporation (CNPC) was ultimately successful and signed an agreement in 2008 awarding them a licence to explore and produce from the Agadem Block with a phased investment of up to US $5.0 billion comprising geological research, construction of a refinery capable of 20,000 barrels per day (bpd), and 2,000 kilometres of pipeline. By November 2011, after US $3.0 billion already expended by CNPC, Niger had entered an 'oil era' when the CNPC-funded Soraz Oil Refinery in Zinder fed by production of light crude from the Agadem Block's oilfields through a 462.5 km pipeline became operational.
Readers are cautioned the MOU (Memorandum of Understanding) referred to herein is subject to the negotiation and execution of a definitive agreement, governmental and third party approvals, and available financing.
James Dick, P.Geol., P.Eng., (Calgary) is an Qualified Person in accordance with National Instrument 51-101 and has reviewed and approves the technical disclosure in this news release.
Additionally, concurrent to these efforts in Niger, the Company remains active assessing other African opportunities and is now preparing an application for a PSC covering a prospective onshore block in the coastal West Africa region. Management also continues its efforts recruiting a couple of key individuals with expertise in the sector and region.
On behalf of the Board of Directors,
BRANDENBURG ENERGY CORP.
Karl Antonius, CEO
We seek safe harbor.
This news release contains forward-looking statements, which may relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. There are no assurances that the Company will be successful in entering into formal agreements on commercially acceptable terms or at all. All of the forward-looking statements made in this news release are qualified by these cautionary statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Brandenburg Energy Corp.
+604.669.9330 or +604.218.9434
Brandenburg Energy Corp.
SYS-CON Events announced today that ReadyTalk, a leading provider of online conferencing and webinar services, has been named Vendor Presentation Sponsor at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. ReadyTalk delivers audio and web conferencing services that inspire collaboration and enable the Future of Work for today’s increasingly digital and mobile workforce. By combining intuitive, innovative tec...
Sep. 26, 2016 08:00 PM EDT Reads: 2,849
Major trends and emerging technologies – from virtual reality and IoT, to Big Data and algorithms – are helping organizations innovate in the digital era. However, to create real business value, IT must think beyond the ‘what’ of digital transformation to the ‘how’ to harness emerging trends, innovation and disruption. Architecture is the key that underpins and ties all these efforts together. In the digital age, it’s important to invest in architecture, extend the enterprise footprint to the cl...
Sep. 26, 2016 07:30 PM EDT Reads: 285
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
Sep. 26, 2016 06:30 PM EDT Reads: 2,133
Vidyo, Inc., has joined the Alliance for Open Media. The Alliance for Open Media is a non-profit organization working to define and develop media technologies that address the need for an open standard for video compression and delivery over the web. As a member of the Alliance, Vidyo will collaborate with industry leaders in pursuit of an open and royalty-free AOMedia Video codec, AV1. Vidyo’s contributions to the organization will bring to bear its long history of expertise in codec technolo...
Sep. 26, 2016 05:15 PM EDT Reads: 2,591
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
Sep. 26, 2016 05:00 PM EDT Reads: 2,717
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
Sep. 26, 2016 04:30 PM EDT Reads: 3,361
If you’re responsible for an application that depends on the data or functionality of various IoT endpoints – either sensors or devices – your brand reputation depends on the security, reliability, and compliance of its many integrated parts. If your application fails to deliver the expected business results, your customers and partners won't care if that failure stems from the code you developed or from a component that you integrated. What can you do to ensure that the endpoints work as expect...
Sep. 26, 2016 04:30 PM EDT Reads: 1,619
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace.
Sep. 26, 2016 04:15 PM EDT Reads: 1,030
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
Sep. 26, 2016 03:45 PM EDT Reads: 2,919
The vision of a connected smart home is becoming reality with the application of integrated wireless technologies in devices and appliances. The use of standardized and TCP/IP networked wireless technologies in line-powered and battery operated sensors and controls has led to the adoption of radios in the 2.4GHz band, including Wi-Fi, BT/BLE and 802.15.4 applied ZigBee and Thread. This is driving the need for robust wireless coexistence for multiple radios to ensure throughput performance and th...
Sep. 26, 2016 03:30 PM EDT Reads: 1,559
Enterprise IT has been in the era of Hybrid Cloud for some time now. But it seems most conversations about Hybrid are focused on integrating AWS, Microsoft Azure, or Google ECM into existing on-premises systems. Where is all the Private Cloud? What do technology providers need to do to make their offerings more compelling? How should enterprise IT executives and buyers define their focus, needs, and roadmap, and communicate that clearly to the providers?
Sep. 26, 2016 03:00 PM EDT Reads: 1,557
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management solutions, helping companies worldwide activate their data to drive more value and business insight and to transform moder...
Sep. 26, 2016 02:45 PM EDT Reads: 2,624
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, will discuss the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports. The session will include a working demo and a technical d...
Sep. 26, 2016 02:00 PM EDT Reads: 1,717
There is little doubt that Big Data solutions will have an increasing role in the Enterprise IT mainstream over time. Big Data at Cloud Expo - to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA - has announced its Call for Papers is open. Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is...
Sep. 26, 2016 01:45 PM EDT Reads: 2,586
Digital innovation is the next big wave of business transformation based on digital technologies of which IoT and Big Data are key components, For example: Business boundary innovation is a challenge to excavate third-party business value using IoT and BigData, like Nest Business structure innovation may propose re-building business structure from scratch, as Uber does in the taxicab industry The social model innovation is also a big challenge to the new social architecture with the design fr...
Sep. 26, 2016 01:30 PM EDT Reads: 1,178
The many IoT deployments around the world are busy integrating smart devices and sensors into their enterprise IT infrastructures. Yet all of this technology – and there are an amazing number of choices – is of no use without the software to gather, communicate, and analyze the new data flows. Without software, there is no IT. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the protocols that communicate data and the emerging data analy...
Sep. 26, 2016 01:00 PM EDT Reads: 1,632
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Sep. 26, 2016 12:45 PM EDT Reads: 3,429
SYS-CON Events announced today that China Unicom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. China United Network Communications Group Co. Ltd ("China Unicom") was officially established in 2009 on the basis of the merger of former China Netcom and former China Unicom. China Unicom mainly operates a full range of telecommunications services including mobile broadband (GSM, WCDMA, LTE F...
Sep. 26, 2016 12:45 PM EDT Reads: 1,749
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics. In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at EMC, will introduce a methodology for capturing, enriching and sharing data (and analytics) across the organizati...
Sep. 26, 2016 12:15 PM EDT Reads: 1,681
SYS-CON Events announced today the Enterprise IoT Bootcamp, being held November 1-2, 2016, in conjunction with 19th Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA. Combined with real-world scenarios and use cases, the Enterprise IoT Bootcamp is not just based on presentations but with hands-on demos and detailed walkthroughs. We will introduce you to a variety of real world use cases prototyped using Arduino, Raspberry Pi, BeagleBone, Spark, and Intel Edison. Y...
Sep. 26, 2016 11:15 AM EDT Reads: 2,885