Roca Oil Corporation
- Vancouver, British Columbia, Canada
Roca Oil Corporation Employees
Roca Oil Corporation Details
Roca Oil Corporation is a privately held emerging Canadian oil and gas exploration and production company with development and exploration prospects in the Republic of Peru. Concession 1Roca has acquired a 90% working interest in a 1.2 million acre concession with multiple exploration leads from interpretations of existing two dimensional data and geologic data, including two significant gas prospects with prospective resource potential of one trillion cubic feet or more of natural gas, and 60+ million barrels of condensates. Roca will undertake a four phase exploration and development plan on the concession that includes: 1) geological work including acquisition, processing and interpretation of an additional 358 kilometres of two dimensional seismic data to finalize a drill site and delineate additional leads on the concession, 2) drilling one exploration well and if successful, 3) entering into a full development drilling program on the concession to fully exploit the natural gas and condensate potential and position Roca to, 4) enter into agreements to construct a gas-fired thermoelectric power plant to feed into the Peru Interconnected power grid. Concession 2Roca has acquired a 26% working interest in a 19,000 acre oil concession in the Ucayali Basin, Republic of Peru. Two wells are planned during the next 24 months. The first is a confirmation well to test an oil-bearing structure with a reserve potential of approximately 1.0 million barrels.Roca's founders, management and geoscientific team possess extensive E&P business start-up, early stage and emerging business development expertise, and Peruvian E&P experience comprising fully qualified environmental practices management, geologic, geophysical and reservoir engineering expertise, and years of extensive Peruvian E&P successes.
