More data point to potential in S. Colorado sub-basin

John Morel Foxpark Oil & Gas Inc. Denver Tom Watkins Lexam Explorations (U.S.A.) Inc. Lakewood, Colo. Lexam Explorations (U.S.A.) Inc. encountered strong shows of oil in 27 of 42 shallow gold exploration wells it drilled in 1992-93 along the west flank of the Sangre de Cristo mountains in south central Colorado. This also happens to be the east flank of the Tertiary San Luis basin, an area that conventional wisdom rejected for oil exploration due to the erroneous interpretation that all of the Paleozoic and Mesozoic sections were eroded away during the Lara- mide. The oil, from within 100 ft of surface in the 300-800 ft exploratory holes, was identified as Cretaceous...

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