Statistical summary

During a twelve year period, seven companies conducted 118 iodine surveys over previously undrilled prospects or field extensions. These surveys consisting Of 72,000 samples were conducted in many different types of environments throughout the world. These are surveys that ATOKA collected and have permission to release. However, these do not include samples collected by the clients and their subsequent results.

Of the 55 wells drilled in areas with positive geochemical anomalies, 50 wells (90.9%) had significant hydrocarbon shows and 5 wells (9.1%) were dry with minor shows. By incorporating iodine surface geochemistry into your company’s exploration program, the risk of drilling dry holes is significantly reduced while increasing the company’s overall exploration success rate.

Seismic was involved in siting 125 drill sites, results in 33 successful (26.4%) and 92 (73.6%) dry holes. The iodine surface geochemistry correctly predicted the 92 dry holes defined by seismic. If the iodine surface geochemistry had been included in the decision to drill or not drill, this would have resulted in substantial economic savings.