P.R. Spring
Trio Petroleum has an option on one of the largest Heavy Oil and Tar Sand accumulations in North America.
P.R. Spring-Multi-Billion-Dollar Opportunity
P.R. Spring
One of the largest Heavy Oil and Tar Sand accumulations in North America. Located in Uinta Basin, Utah
Overview:
Has option to acquire 2000 acres*
Contains an estimated 6.75 billion barrels of OOIP within its basin boundary
Ultimate recovery of 300,000 barrels of oil per well
2000-acre parcel will support up to 1000 wells
Potential to provide upwards of 50,000 barrels a day when fully developed with approximate 20-year life
Initial total drilling and completion cost of less than $800,000 per well and declining with scale
* Trio’s obligation is subject to Asphalt Ridge showing evidence of minimum 40 barrels per day for 30 days for each of the two wells on sight.
