Las Palmas Petroleum Corporation

(949) 929-9311

177 Riverside Ave. Ste. F, Newport Beach, CA 92663

International Operations

OIL & GAS EXPLORATION IN THE DOMINICAN REPUBLIC

Las Palmas Petroleum, Maleno Oil and Murfin Dominicana Corporation Oil and Gas exploration operations onshore and offshore in the Dominican Republic:

Full and Complete support of the Dominican Government Plus a Five (5) year Tax free incentive to be granted by the Dominican government.

Former Mobil Oil Concession           

  • Potentially 300-500 Million Barrels Onshore Reserve
  • Potentially 300-500 Million Barrels Offshore Reserve
  • Extensive Seismic/Geological Studies
  • Over $10 million on geological/seismic
  • Operated under Maleno Concession of 1 million acres
  • Existing well flowing at over 600 BPD
  • 18 existing wells in Azua area wells 500 ft deep

ONSHORE DEVELOPMENT
Azua: Initial Focus

  • Re-drill 18 wells in Azua field
  • Build Tank facility and produce existing 600 BPD well
  • Build fuel tank terminal capable of increasing the fuel reserves of Dominican Republic from 5 days to 30 days.
  • Drill 4 Horizontal Wells
  • Drill 1 exploratory well to 7,000 feet
  • 10,000 Barrels of Oil per day

President of Las Palmas Petroleum Carl Lovegren (Left) viewing 600 BPD well in Azua

AZUA
INFRASTRUCTURE PROJECT

  • 15-MILE PIPELINE TO BAY
  • TANK FARMS
  • DOCK TO OFFLOAD OIL
  • DOMINICAN REPUBLIC TANK TERMINAL FOR INCREASING ISLAND OIL RESERVE FROM 5 DAYS TO 30 DAYS

Tank Farms & Oil Dock Location
Hatillo, Azua

PHASE TWO
OFFSHORE DEVELOPMENT

  • 300-500 Million Barrel Potential
  • Exploration of 20,000 Productive Acres
  • Includes:
    • Ocoa Bay Anticline
    • Punta Servano

REFINERY DEVELOPMENT

Build a 300,000 barrel a day refinery in Dominican Republic, including a Petro-chemical plant with the full support of the government.

Las Palmas Petroleum Corporation 177 Riverside Ave. Ste. F, Newport Beach, CA 92663 (949) 929-9311
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