Taipan Resources Inc. is pleased to announce that 2D seismic data recording commenced on Block 2B onshore Kenya on January 13th, 2013.
As previously announced, Taipan’s wholly owned subsidiary Lion Petroleum Corp. awarded a contract to BGP to acquire the 2D seismic data on the 15th of November 2012. BGP mobilized its crew number 8638 E and started camp construction on the 29th of November 2012. A number of sensitization meetings have also been held with the local community in regards to the 2D seismic survey on Block 2B.
Line surveying of Block 2B commenced on the 28th of December 2012 and recording of 2D seismic data commenced on the 13th of January 2013. Taipan expects to acquire a minimum of 400 kilometers of 2D seismic data during Q1 2013. The data from the survey will be processed and interpreted, in conjunction with the FTG survey and existing data, to determine the location of Taipan’s first exploration well on Block 2B. Taipan expects to drill its first well on Block 2B in late 2013 or early 2014.
Mr. Maxwell Birley CEO commented, “The Anza Basin is one of the largest Tertiary-age rift-basins of the East African Rift system which contains multi-billion barrel oil discoveries. We continue to believe based on existing gravity, magnetic and seismic data that the ‘sweet spot’ of the Anza Basin is located on Block 2B. Recent proprietary geochemistry work completed by Taipan also demonstrates that there is excellent quality Tertiary oil-prone source rock present in the Anza Basin in the region of Block 2B. Initial stack 2D seismic data on Block 2B also looks very encouraging.”
For more information about related Opportunities and Key Players visit
East Africa Projects 
