Report of Activity and Expedenditures Montara I Montara 2

Buttes Resources Nic. Inc

s.f

BV No.212

The assumed principal objectives of the Nicaragua Rice are the sandstones and carbonates of the Touche, Punta Gorda, and marine Oligo Miocene formations. The presence of intrusive and extrusive rocks at the bottoms of many wells, in the minds of industry, condemns the deeper section. On the basis of what is Known of the geology of westerns Jamaica at the eastern end of the Nicaragua Rise and of the that it is premature to consider the volcanic section of the Paleocene (?) to be economic basement. If such thinking had prevailed I the northwestern (Sunda) Shelf off Australia, the 450-m thick basalts above the North Rankin, Goodwyn, and nearby fields newer would have been drilled and the giant gas fields never would have been drilled and the giant gas fields in the underlying Triassic sandstones might not have been discovered

GEOLOGIA; PALEOGRAFIA; ESTRATIGAFIA; SAN ANDRES;