Vangold in Rwanda... it's getting interestingthe possibility for averaging down can come to an end very fast...
Rwanda: Oil - Aerial Survey Ends Today
The New Times (Kigali)
2 October 2008
Posted to the web 3 October 2008
James Karuhanga
Kigali
Specialists of New Resolution Geophysics, that has been conducting an airborne'gravity and aeromagnetic' survey are scheduled to end their flying assignment today.
As earlier reported, VangoldResources Ltd, the Canadian Company exploring for oil in the Western Province signed a Service Agreement with the South African company, for an airborne survey that begun soon after their arrival on September 19.
The end of the two-week survey was confirmed yesterday by an official of the Ministry of Energy and Joseph Katarebe,Vangold's Country Manager.
"Yes, the survey concludes but it will take about a month before we get results,"Katarebe said yesterday, backing up what Charles Nyirahuku, the Head ofthe Gas and Oil Unit in the Ministry of Infrastructure earlier toldthis paper.
It is hoped the survey will endspeculation on whether the country really has oil deposits in the westof the country and pin point the exact locations and quantity.
Assumptions that the country could be sitting on oil arises from the fact that Heritage Oil and Tullow Oil, two UK oil prospectors, have hit it big with findings in the Albertine basin spanning Uganda and DemocraticRepublic of Congo (DRC).
In view of thatsuccess, a technical review to determine whether this area in Rwanda was an extension of that discovery was sheer common sense, manymaintain.
Earlier results of the Lake Kivuarea indicated some 57 slicks that called for further investigation,which has altogether led to the aerial survey.
Accordingto a brief on "Current and Future Work Programs" in Rwanda, as seen onVangold's website, Vangold specialists will now figure out what 'theairborne gravity and magnetic data' means.
"The potential field interpretation will include available geological, geochemical and remote sensing data to rankpriority areas, anomalies, and structures for further study withseismic that will eventually lead to the drilling of the mostprospective sites," underlines the brief.