The Raya and Bonito prospects are large features in the Zorritos Formation, which present structural closure at multiple levels and the potential for stacked pay with multiple Zorritos reservoir-seal pairs present.
Based on analysis of surface outcrops, cuttings and core samples from previous wells published by Perupetro (the Peruvian national oil regulator), there are numerous potential source rock intervals in the Tumbes Basin.
The Company recently completed an interpretation of the wider regional seismic data which mapped key intervals and confirmed that the Heath Formation (Figure 1) and Mancora Formation likely sit within the maturity window for oil and gas generation respectively.
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