Total Energy Position
Monitor Energy Ltd is strategically located on the cross roads of Central Asia in terms of its potential to contribute to the regions energy supply and proximity to the largest energy consumption markets of the Far East and China. Monitor’s strategic position ensures a short time to market opportunity for both uranium and petroleum. In an opportunity constrained global energy exploration environment, Monitor’s footprint in energy has significant upsides for the Company and its investors. Monitor’s leadership recognises the near term growth opportunity our uranium exposure allows the Company and hence its work program has been accelerated to achieve optimal results in the shortest time frame allowing longer lead-time and technical planning for petroleum exploration.
Uranium Concessions
Monitor Energy Ltd has acquired a significant acreage position in the Uranium sector in Kyrgyzstan through new licence acquisition and a strategic joint venture with Leopard Minerals.
Monitor Energy now controls 50% in all MHL and LEO held uranium license areas totalling 2224km2. The uranium licenses include on strike extensions to previously ore bodies previously mined by the Russians. Three of the five uranium license areas, are near Lake Issyk-Kul, one in west of the capital Bishkek and one in central Kyrgyzstan at the Kavak Mining centre. The latter license area is known as the Kashkasu Deposit and is the focus of current fieldwork.
Petroleum Concessions
The Monitor Energy Ltd Petroleum licenses are also split into five areas – the northern concessions around and including Lake Issyk-Kul are held through MHL’s wholly owned subsidiaries called White Valley Oil LLC, Tyup Oil LLC and Issyk-Kul Energy LLC.
The southern concessions are held through MHL’s wholy owned subsidiaries called AsiaNeftegas LLC which controls the At Bashi, East At Bashi and Arpa blocks. New data has been contracted for and will firm up plays types, structural controls and prospects in the latter half of 2007, with field surveys starting in Q3. The petroleum licenses total an area of 11467km2 and recent interpretations of Russian seismic data indicate significant four-way dip closures forming an early exploration objective for the company.
The petroleum concessions in Kyrgyzstan are in geological proximity and are comparable, although structurally more complex to the nearby prolific producing oil and gas fields of China’s Tarim and Junggar Basins.
Monitor Energy now controls 50% in all MHL and LEO held uranium license areas totalling 2224km2. The uranium licenses include on strike extensions to previously ore bodies previously mined by the Russians. Three of the five uranium license areas, are near Lake Issyk-Kul, one in west of the capital Bishkek and one in central Kyrgyzstan at the Kavak Mining centre. The latter license area is known as the Kashkasu Deposit and is the focus of current fieldwork.
Petroleum Concessions
The Monitor Energy Ltd Petroleum licenses are also split into five areas – the northern concessions around and including Lake Issyk-Kul are held through MHL’s wholly owned subsidiaries called White Valley Oil LLC, Tyup Oil LLC and Issyk-Kul Energy LLC.
The southern concessions are held through MHL’s wholy owned subsidiaries called AsiaNeftegas LLC which controls the At Bashi, East At Bashi and Arpa blocks. New data has been contracted for and will firm up plays types, structural controls and prospects in the latter half of 2007, with field surveys starting in Q3. The petroleum licenses total an area of 11467km2 and recent interpretations of Russian seismic data indicate significant four-way dip closures forming an early exploration objective for the company.
The petroleum concessions in Kyrgyzstan are in geological proximity and are comparable, although structurally more complex to the nearby prolific producing oil and gas fields of China’s Tarim and Junggar Basins.
