Geovic Energy | Powder River Basin
Geovic Energy has purchased a 20% participating interest in three Wyoming (U.S.A.) Powder River Basin wildcat projects.
Two projects target the prolific Permian Minnelusa Formation at depths of 7,900 and 9,950 feet, and are estimated to contain 5.9 MMBO in-place reserves.
The third project targets upper Cretaceous marine sands containing an estimated 14.2 MMBO and 16 BCF gas within the anticipated AMI.