RE: We got the motherload ;-) Excellent posts as per usual Mr. Blackred!
3 primary targets plus 4 additional leads is indeed excellent news regarding the prospectivity of Simbas block 2A.
The passive seismic has proven to be an excellent tool prior to the final seismic planned before drilling. The potential for billions of barrels of Oil on block 2A is excellent and has far exceeded my own expectations!
This was from last weeks news:
The original undertaking was to investigate and as certain the hydrocarbon potential at the Company’s three targets (P1, P2, P3) by first employing a block survey using passive seismic to confirm or identify areas of hydrocarbon potential to be followed up with 2D seismic for structure definition.
This first phase of passive seismic has confirmed P1 to be comprised of two distinct and sizeable leads with excellent hydrocarbon response lying east and SSE of the city of Wajir. The first lead in P1 with an area of 29km² demonstrates the highest level of hydrocarbon seismic energy interpreted amongst all seven potential leads identified by the survey; the second and likely related lead is over 100km² in size with good response for hydrocarbon potential and lies from 8km to 20km+ to the SW.
At P2, several additional interconnected leads have been identified with good hydrocarbon response that is not seen with the current 2D seismic. The third lead, P3, has also been confirmed as a prospective lead where response fit exceptionally well with present 2D coverage.
James W. D===, P. Geol., P. Eng., Simba’s Chief Technical Officer and a director of the Company said, “Here on Block 2A, in a manner complemented by our existing 2D data, the passive seismic survey has discovered four more potential leads for follow up at our primary and secondary leads (P1 & P2) and confirmed good potential for hydrocarbons. We now have sufficient information and are comfortable that an additional small survey of 2D seismic has the potential to further upgrade our P1 & P2 target areas with some prospects that easily support a decision to drill.”
The Company now intends to carry out at a minimum 200km of 2D seismic to finalize the location and designed depth for the Company’s first exploration well at P1. Planning and preparation for this work is now underway and anticipated to begin in early 2013.