petro-find geochem ltd specializing in soil gas surveys for oil and gas

PRICING OF SERVICES

CONTRACT SURVEYS

Our fee for contract surveys (reconnaissance, high-density and very high-density) in Western Canada is $250 per sample. This fixed price includes all expenses such as travel, lodging and meals, lab analyses, contour maps and report. There are no hidden expenses so the client can ascertain his total cost before the project begins. However, this cost can be offset if a client helps out with field expenses such as provison of ATV's and accommodation at camps.

overseas contract surveys

Ideally, Petro-Find surveys should be conducted before any seismic because our method: is far less expensive; is a direct indicator of the existence of hydrocarbons at depth; and can reduce seismic costs (i.e. fewer and shorter transects with less line-cutting) by focussing only on anomalous trends. For optimum reduction of risks, Petro-Find recommends both soil gas surveys and seismic before drilling.

Petro-Find also conducts both Subscription and Non-Exclusive multiclient surveys. The pricing for an Exclusive or Subscription Multiclient survey is established before a project begins while the pricing for Non-Exclusive (Speculative) Multiclient survey data is set after a project is completed.

A MINI-SURVEY TO REDUCE THE RISK OF WELL DRILLING

Planning to drill? You may have seismic structures but do they contain hydrocarbons? A new, remarkable, low-cost mini-survey program can reduce risk substantially by predicting the outcome of a well before drilling in terms of whether it will be dry, marginal or productive and whether gas, condensate or oil. A company may wish to evaluate and rank its inventory of drill prospects by mini-surveys. Although soil gas surveys when combined with seismic do not remove all exploration risk, they improve success rates and productive wells will more often be in optimal locations.

The mini-survey is conducted at the exact well location and the immediate surrounding area before spudding, preferably before the surface soil is removed. The well could be an offset, infill or wildcat. A mini-survey is more cost-effective if it is conducted before the drilling contract is let and even prior to the permitting process and legal survey. This is mainly because the company may not want to drill if the mini-survey predicts unfavourable results. Also, a prediction that the well will find gas instead of oil, given the current market conditions, may provide an additional reason not to drill.

The cost for a mini-survey is minimal, CAD$6,250 for 25 sample points, plus applicable taxes. There are no hidden costs. An advance of CAD$1,500 is required. Petro-Find will cover its travel expenses. The well location should be within one day's travel time by truck from Saskatoon and be reasonably accessible. Expected turnaround on each project is 5-7 days.

The deliverables include:

EXCLUSIVE (SUBSCRIPTION) MULTICLIENT SURVEYS

The price for an Exclusive Multiclient Survey is set on the basis of the size of a project and the number of companies participating. Exploration companies will be solicited either by advertising in the Petroleum Explorer or directly for their participation. A project will commence once it is fully subscribed. Also, Petro-Find is open to proposals by groups of exploration companies to conduct this type of survey.

The surveys can be either reconnaissance or high-density, depending on the needs of the client. Normally, for gridded areas sample spacing is every half mile (169 samples per Township of 36 square miles). The number of sampling points per Township is less for a block of contiguous townships because of shared sampling lines. For forested areas where forestry roads/paths or seismic lines are available, samples are usually taken every 400 meters.

The data includes:

NON-EXCLUSIVE MULTICLIENT SURVEYS

Petro-Find conducts non-exclusive surveys on a limited basis. Such surveys are usually of the reconnaissance type (sampling points 1/2-mile to one-mile apart). The data is licenced on a Township basis. Outputs would include a base map, contoured overlays for methane and C2+ (i.e. total C2-C5) and an interpretive report.

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PETRO-FIND GEOCHEM LTD
INNOVATION PLACE
L004-410 Downey Road
Saskatoon, Saskatchewan, Canada S7N 4N1
Phone: (306)931-3156 Fax: (306)931-9773
E-Mail: plafleur@sasktel.net