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Tests by Jumeirah Resources Reveal Large Oil and Gas Reserves in Development Drilling Project

Jumeirah Resources Plc, is an organization, focused on the acquisition, development, exploration and production (E&P) of low risk, high impact oil and gas properties across North America.

 
PRLog - Nov. 19, 2011 - ACROSS DUBAI, UAE -- INVESTOR OPPORTUNITY

Extensive research of the Northwest Premont Field by Jumeirah Resources have revealed the potential reserves in this re-entry project are far greater than expected.  
   
Three initial test wells in this redrilling project have been completed proving considerably more acreage and more reserves. The field has grown from what was anticipated to be 800 acres to over 4500 acres.  The sites potential had not been fully explored as the previous operators, restricted by limited capital, passed away before the field could be developed.  

“With oil prices currently stable and predicted to rise, equipment costs low and the political will in the US to become ‘energy independent’, there has never been a better time to invest in domestic oil and gas discoveries,” said James Powell, President of Jumeirah Resources, “The situation of this field in the centre of an area of high production combined with the positive results from our extensive studies indicate that investment in this project could potentially yield a high rate of return.”

The Northwest Premont Project is comprised of two ideal situations:

1) Re-entries into a number of wells that have been drilled, logged, cored, and tested positively for oil and gas in stacked Frio sands.

2) Development wells that can be drilled between previously drilled, logged and cored wells or newly successful re-entries which encountered oil and gas sands that were not produced, reducing overall risk and enhancing potential returns on investment.

The development of the Premont field is to be accomplished through a series of re-entries and reworked wells initially and then the drilling of additional wells inside these "proven" locations.

The management team consists of James Powell, president of US public traded oil and gas firm, who has a proven track record of managing high-end investment projects and delivering high returns and Steve Olsen and Darrel Jones, industry experts with extensive experience in oil and gas development.  

Investor Opportunity

Investors interested in being part of this project should contact Jumeirah Resources

UK Office - Tel +44 118 995 2779
Dubai Office - Tel +9714 311 6639
Website: www.jumres.com
Email: ir@jumeirahresources.com


Jumeirah Resources Plc Overview

Jumeirah Resources Plc, is an organization, focused on the acquisition, development, exploration and production (E&P) of low risk, high impact oil and gas properties across North America. The Northwest Premont Drilling Prospects acquired by Paragon Energy Corporation encompass over 4,000 acres of high impact gas leases and are located in an area of some of the largest proven gas reserves in North America. Additionally the Company is now viewing to expand its acreage in the region, and is looking to acquire further oil and gas assets examining all prospects to increase the company’s potential exploration base for future drilling and production.

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Contact Email:
***@jumeirahresources.com Email Verified
Source:Steve Johnson
Phone:+9714 311 6639
Location:Across Dubai - Dubai - United Arab Emirates
Industry:Energy, Finance, Business
Tags:oil drilling, gas drilling, oil gas, Infill drilling, north america, Texas, investment, public, Jumeira Resources
Shortcut:prlog.org/11728523
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