Huasna Field, California Overview
The project is located in California on the west side of Huasna Townsite
Road, approximately one mile south of Huasna Road, approximately 12 miles
east of the City of Arroyo Grande. Excelaron LLC is jointly managed by AOC
and Mogul Energy. Mogul will earn a 40 percent working interest which covers
an estimated 1385 gross leased acres overlaying a 450 acre Monterey shale
reservoir.
The oil gravity in the Monterey shale accumulation is 8 to 12 API and its
exploitation will be facilitated by application of an enhanced recovery
system by hot water injection.
The expected product from the successful operation is heavy oil with the
additional potential for a light oil play.
The onshore Santa Maria Basin is a triangular shaped structural basin
located north of Los Angeles in the state of California. Sedimentation
commenced when Lower Miocene strata were deposited during a period of
regional crustal extension. During much of the ensuing Miocene time the
Monterey Formation was deposited, the major reservoir zone and only source
rock in the basin.
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