Poland Exploration
New Exploration Permits
CalEnergy participates in five exploration permits, and was awarded and operates four exploration permits covering
approximately 2,540 square kilometers, where it currently holds a 100 percent working interest. CalEnergy has conducted
significant technical studies on all four permits, including the acquisition of 3D and 2D seismic and extensive
reprocessing of 2D seismic data, acoustic impedance inversion projects and evaluating well data.
CalEnergy is actively seeking farm in partners for permits they operate.
Debicze Permit
Covering part of Block 289, this permit was awarded in May 2007 and is prospective for the Rotliegendes and Zechstein
Main Dolomite reservoirs. CalEnergy has completed substantial technical work, including completion of seismic
reprocessing and acoustic impedance inversion projects.
CalEnergy has completed the Kopeć-1 well. The well spudded March 15, 2011, and was plugged and abandoned as
non-commercial May 11, 2011. The well was drilled to 2,113 meters below ground level, and CalEnergy managed to
successfully retrieve cores from the Rotliegendes and Zechstein Main Dolomite formations. The well was completed for
less than £2.0m.
Additional prospectivity has been identified within the block in the Rotliegendes – two structurally robust
Rotliegendes prospects and one lead – for a total P50 OGIP 97 Bcf. CalEnergy acquired two 2D lines over the main
Debicze Prospect in June 2011 and is currently incorporating this data into the mapping project. CalEnergy continues
to evaluate the Kopeć-1 well information and integrate the results into its regional evaluation.
Wersk Permit
The Wersk permit covers parts of Blocks 126 and 127 and is prospective for the Zechstein Main Dolomite reservoirs.
CalEnergy was awarded the permit in October 2009 and already owns all available seismic and well data in and around
the permit, which is on trend with the Brzozowka Main Dolomite oil field approximately 15 kilometers to the northwest.
A number of potential carbonate build-ups and brightening within the Main Dolomite have been identified.
A data review is complete, and selected key seismic lines (approximately 300 kilometers) have been reprocessed, with
seismic attribute inversion modelling completed. The modelling benefited from the predictive model generated on the
Debicze permit. The Rotliegendes and Carboniferous reservoirs also are recognized as potential objectives in this
permit.
The reprocessing/inversion work is complete; CalEnergy selected the optimum area for acquiring an approximately 108
square kilometer 3D survey in late 2011. Data processing has begun and is expected to be complete in first quarter 2012.
Zdbowo Permit
Covering parts of Blocks 125 and 145, the Zdbowo permit was awarded in August 2008 and is prospective for the Zechstein
Main Dolomite reservoirs. CalEnergy has identified a new and potentially significant play fairway, based upon
proprietary regional seismic data and advances in the understanding of the development of the Zechstein Basin. The
basin had previously been thought of as too deep, and unprospective. This play fairway is on trend with promontories
and embayments in the proven reefal facies of the Main Dolomite – mapped on both the southern and northern margins of
the Polish Zechstein Basin. The permit has the potential to host substantial reserves of a similar order to the BMB
oil and gas complex (550 Bcf of gas, 150 Mmbo).
CalEnergy acquired a focused seismic acquisition program in late 2011 to define reservoir character and will utilize
inversion analysis to determine the best target location for an exploration well on the play. Data processing has begun
and is expected to be complete in early 2012.
Dargin Permit
The Dargin permit covers parts of Blocks 65, 66, 85 and 86. The permit was awarded in November 2008 and is prospective
for the Carboniferous, Rotliegendes and Zechstein Main Dolomite reservoirs. CalEnergy was awarded this acreage ahead of
a major local player; the principal focus is on the Carboniferous and Permian reservoirs within structural closure at
Base Zechstein level. Existing wells – mainly late-1960s through mid-1970s – are sparse in the permit and due to
halokinesis, seismic data quality is poor; however, significant structuration is evident. Well intersections confirm
the presence of a good reservoir and that productive fields exist on trend.
CalEnergy is finalizing the interpretation of an extensive reprocessing program (approximately 900 kilometers), which
shows considerable promise. Based on historic mapping, CalEnergy recognizes individual prospect potential in the 10 to
75 Bcf range. An experimental 2D seismic program was acquired in late 2011 to delineate currently identified
prospectivity. Data processing has begun and is expected to be complete in early 2012.
Greater Zaniemysl Area
CalEnergy has a 24.5 percent interest in approximately 43,350 acres, or 175 square kilometers, around the Zaniemysl
No. 3 well. Farm in partners include FX Energy, which holds a 24.5 percent working interest in the well, and Polish
Oil and Gas Company, which holds a 51 percent working interest in the well. CalEnergy has identified a number of small
satellite Rotliegendes structures within the Greater Zaniemysl Area that could be developed through the Zaniemysl
facilities. The operator does not have a work program in place to evaluate the prospectivity, so it remains on hold.