At the beginning of the 1990’s, an American company, Emaco, researched Bosnia’s oil feasibility. The research was cited by a geology professor from Austria, Siegfried Tischler, who claims that Bosnia is resting on as much as 2.5 billion barrels of oil, Bosnian media reported. 

The research was conducted near the towns of Drenica and Tuzla. Tischler allegedly heard about Bosnia’s oil back in 1999 from American reporters at a conference in Venezuela. The geologists claims that oil in Bosnia can be founf literally everywhere.

- Wherever they drilled deep enough they found oil. The art of exploitation has almost nothing to do with science. It is all about luck, intuition and experience. I don’t have any documents about oil in Bosnia, but even a first-year geology student can tell from a map where oil can be located and draw up a drilling plan. I would love to come over here and show you what I mean – Tischler told the Dnevni avaz daily. He believes that the panic about the price of oil is unfounded and that there is oil in great amounts at many other locations in the world.

Professor Tischler is currently a guest professor at the Graz University and the RIAU University in Indonesia. He is an opponent of the fossil theory of the origin of oil. After he earned his doctor’s degree, he worked on five continents as a scientist, lecturer, a mine director and a mineral researcher.