Company Performance Metrics
Horng Dih Lee: CFO- David Cohen: CEO
Esrey, despite the prospective location of the licence. Beginning in 2009, Esrey Energy conducted an aggressive work program involving 5.5 million acres in PNG. In 2010 the company successfully completed the acquisition of a high resolution airborne magnetic and gravity data over substantially all of Esrey's holdings. Post acquisition
n magnetic and gravity data modelling, and reinterpretation of 2D seismic, identified a portfolio of exploration areas of interest for high grading including a large structure between PPL 486 and InterOil's PPL 237. This structure was subsequently confirmed by the 2010 2D Poroman seismic survey on the eastern boundary of PPL 486. The aeromagnetic/gravity survey and the reprocessing of the Base Resources 1988 Victory Junction seismic data identified another prospective area referred to by Esrey as the "Kikori Bend" area near the western part of PPL 486, on trend with the Gobe oil field.
