2D Seismic Program on Block 2B to Commence in January
Source: www.gulfoilandgas.com 11/22/2012, Location: Africa
Taipan Resources Inc. is pleased to provide the following update regarding the 2D seismic acquisition program on Block 2B onshore Kenya.
Taipan has a contract with BGP (Bureau of Geophysical Prospecting of China) to acquire up to 800 kilometers of seismic data over Block 2B in North Eastern Kenya. BGP has begun mobilizing their seismic crew and plans to commence recording in January 2013. Taipan expects the 2D seismic acquisition to be completed by the end of Q1 2013.
BGP is one of the world’s leading geophysical service companies. BGP currently has five seismic crews working in Kenya and has completed a number of other seismic surveys surrounding Block 2B earlier this year. BGP is also currently shooting seismic on Block 1 in Kenya where Taipan owns a 20% interest.
Mr. Maxwell Birley CEO commented, “Taipan’s recent proprietary technical work is demonstrating that the Anza Basin is likely to be one of the largest Tertiary-age rift-basins of the East African Rift system which contains multi-billion barrel oil discoveries. Based on gravity, magnetic and seismic data we believe that the ‘sweet spot’ of the Anza Basin is located on Block 2B.”