GREY:SMBZF - Post by User
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blackredon Dec 23, 2013 8:33am
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Post# 22032442
Passive
PassiveSeems like IT MERLIAR wants more attention.
At the strongest lead, with 4-way closure already confirmed by reprocessed 2D seismic, the passive seismic survey’s preliminary field data considerably increased the exploration potential and resulted in the decision to infill the listening pattern. The Company’s technical team will now follow up with targeted 2D and or 3D seismic programs in order to better determine the location of its first exploration well on this concession. To highlight the program’s success, Simba’s Chief Technical Officer & Director, and Qualified Person in accordance with NI 51-101, James D remarked, “I am very pleased with the results of this program to date. After the passive seismic data has been processed and interpreted our plan had been to shoot up to 500 kilometres of 2D seismic. Now a smaller amount of 2D and or 3D seismic is required to locate the first well. This passive seismic survey has accelerated the exploration phase on Block 2A and has moved us closer to a drilling program. Getting to this stage so early in the exploration program is avery positive development for the Company and its shareholders.” James D P.Geol.,P.Eng., Director of the Company and Qualified Person in accordance with National Instrument 51-101, has reviewed and approves the technical disclosure in this news release. - See more at: https://www.visualcapitalist.com/portfolio/simba-energy-completes-passive-seismic-survey-on-block-2a-onshore-kenya#sthash.RQ3KlRtz.dpuf