|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.
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develo...
Jul. 24, 2016 01:30 AM EDT Reads: 1,100
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, explained how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
Jul. 24, 2016 01:15 AM EDT Reads: 824
SYS-CON Events announced today that MangoApps 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. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device.
Jul. 24, 2016 01:15 AM EDT Reads: 1,203
"We've discovered that after shows 80% if leads that people get, 80% of the conversations end up on the show floor, meaning people forget about it, people forget who they talk to, people forget that there are actual business opportunities to be had here so we try to help out and keep the conversations going," explained Jeff Mesnik, Founder and President of ContentMX, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 23, 2016 11:45 PM EDT Reads: 1,198
Internet of @ThingsExpo has announced today that Chris Matthieu has been named tech chair of Internet of @ThingsExpo 2016 Silicon Valley. The 6thInternet of @ThingsExpo will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Jul. 23, 2016 11:15 PM EDT Reads: 1,851
When people aren’t talking about VMs and containers, they’re talking about serverless architecture. Serverless is about no maintenance. It means you are not worried about low-level infrastructural and operational details. An event-driven serverless platform is a great use case for IoT. In his session at @ThingsExpo, Animesh Singh, an STSM and Lead for IBM Cloud Platform and Infrastructure, will detail how to build a distributed serverless, polyglot, microservices framework using open source tec...
Jul. 23, 2016 11:00 PM EDT Reads: 2,220
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Jul. 23, 2016 10:15 PM EDT Reads: 2,426
From wearable activity trackers to fantasy e-sports, data and technology are transforming the way athletes train for the game and fans engage with their teams. In his session at @ThingsExpo, will present key data findings from leading sports organizations San Francisco 49ers, Orlando Magic NBA team. By utilizing data analytics these sports orgs have recognized new revenue streams, doubled its fan base and streamlined costs at its stadiums. John Paul is the CEO and Founder of VenueNext. Prior ...
Jul. 23, 2016 09:30 PM EDT Reads: 1,944
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.
Jul. 23, 2016 08:45 PM EDT Reads: 1,653
CenturyLink has announced that application server solutions from GENBAND are now available as part of CenturyLink’s Networx contracts. The General Services Administration (GSA)’s Networx program includes the largest telecommunications contract vehicles ever awarded by the federal government. CenturyLink recently secured an extension through spring 2020 of its offerings available to federal government agencies via GSA’s Networx Universal and Enterprise contracts. GENBAND’s EXPERiUS™ Application...
Jul. 23, 2016 08:30 PM EDT Reads: 1,771
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 23, 2016 08:30 PM EDT Reads: 2,025
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
Jul. 23, 2016 08:00 PM EDT Reads: 2,414
Big Data engines are powering a lot of service businesses right now. Data is collected from users from wearable technologies, web behaviors, purchase behavior as well as several arbitrary data points we’d never think of. The demand for faster and bigger engines to crunch and serve up the data to services is growing exponentially. You see a LOT of correlation between “Cloud” and “Big Data” but on Big Data and “Hybrid,” where hybrid hosting is the sanest approach to the Big Data Infrastructure pro...
Jul. 23, 2016 08:00 PM EDT Reads: 1,794
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discussed how businesses can gain an edge over competitors by empowering consumers to take control through IoT. He cited examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He also highlighted how IoT can revitalize and restore outdated business models, making them profitable ...
Jul. 23, 2016 07:15 PM EDT Reads: 1,870
We all know the latest numbers: Gartner, Inc. forecasts that 6.4 billion connected things will be in use worldwide in 2016, up 30 percent from last year, and will reach 20.8 billion by 2020. We're rapidly approaching a data production of 40 zettabytes a day – more than we can every physically store, and exabytes and yottabytes are just around the corner. For many that’s a good sign, as data has been proven to equal money – IF it’s ingested, integrated, and analyzed fast enough. Without real-ti...
Jul. 23, 2016 07:00 PM EDT Reads: 875
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
Jul. 23, 2016 06:15 PM EDT Reads: 809
With 15% of enterprises adopting a hybrid IT strategy, you need to set a plan to integrate hybrid cloud throughout your infrastructure. In his session at 18th Cloud Expo, Steven Dreher, Director of Solutions Architecture at Green House Data, discussed how to plan for shifting resource requirements, overcome challenges, and implement hybrid IT alongside your existing data center assets. Highlights included anticipating workload, cost and resource calculations, integrating services on both sides...
Jul. 23, 2016 06:00 PM EDT Reads: 1,890
"We are a well-established player in the application life cycle management market and we also have a very strong version control product," stated Flint Brenton, CEO of CollabNet,, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 23, 2016 05:30 PM EDT Reads: 1,724
The IoT has the potential to create a renaissance of manufacturing in the US and elsewhere. In his session at 18th Cloud Expo, Florent Solt, CTO and chief architect of Netvibes, discussed how the expected exponential increase in the amount of data that will be processed, transported, stored, and accessed means there will be a huge demand for smart technologies to deliver it. Florent Solt is the CTO and chief architect of Netvibes. Prior to joining Netvibes in 2007, he co-founded Rift Technologi...
Jul. 23, 2016 05:00 PM EDT Reads: 941
We're entering the post-smartphone era, where wearable gadgets from watches and fitness bands to glasses and health aids will power the next technological revolution. With mass adoption of wearable devices comes a new data ecosystem that must be protected. Wearables open new pathways that facilitate the tracking, sharing and storing of consumers’ personal health, location and daily activity data. Consumers have some idea of the data these devices capture, but most don’t realize how revealing and...
Jul. 23, 2016 04:00 PM EDT Reads: 1,983