TSX: PRE) (BVC: PREC) announced that a 213 meter (699 foot) gross oil column has been confirmed in the Echidna-1 exploration well from wireline pressure data measured across the Paleocene
and Maastrichtian aged reservoir intervals.
This ocean which separated the Anatolid platform from Eurasia commenced closure along the north dipping subduction zone in the Late Cretaceous, while the initial collision was probably in the Paleocene
and continued to the Early Eocene .
Lundin said the gross unrisked prospective resources is estimated to be 93 million barrels of oil equivalent (mmboe) (P50) with a potential of geological success of 24%, in Paleocene
aged sandstones in a stratigraphic pinch-out trap.
Because of presence of AlveolinaCucumiformis which introduced by  intype section of Ziarat Formation, they deposited in Late Paleocene
The bones of the new species, found in greensand deposits in North Canterbury, on the South Island, dated from the Paleocene
age, about 58 million years ago, according to scientists from Canterbury Museum and Germany's Senckenberg Research Institute and Natural History Museum.
Only about 2,000 of these creatures, which are rooted in the Paleocene
epoch, 60mn years ago, remain on five small islands in Indonesia.
The later multituberculates of the Cretaceous [era] and the Paleocene
[epoch] are extremely functionally diverse: Some could jump, some could burrow, others could climb trees and many more lived on the ground," explained Zhe-Xi Luo, a co-author of the Science report.
The Cenozoic is divided into three periods: The Paleogene, Neogene, and Quaternary; and seven epochs: The Paleocene
, Eocene, Oligocene, Miocene, Pliocene, Pleistocene, and Holocene.
More recently, many individual deposits have been accurately dated using radiometric methods and it is now clear that the Traps were the result of three major eruptions over a period from the Late Cretaceous (Maastrichtian) to the early Paleocene
Technical work is continuing on additional prospectivity identified elsewhere in the Licence area in the Paleocene
section and pre-rift Jurassic and Triassic sections
Uppermost Cretaceous/lowermost Paleocene
Dip Creek Formation.
The first of two books on the era, the text covers the first three of the seven subdivisions of the era, the Paleocene
, Eocene, and the Oligocene epochs.