Other companies impressed with Kenya's oil potentiOther companies impressed with Kenya's oil potential. Vanoil has blocks 3A & 3B.
Vanoil Energy Ltd. ("Vanoil") (TSX VENTURE: VEL) is pleased to announce it has completed its 2011 2D seismic program on Block 3B in Kenya. Vanoil's 100% owned Blocks 3A and 3B in Kenya cover approximately 24,000 square kilometres and are part of the vastly under-explored prolific Cretaceous Central African Rift Basin System in Kenya.
Vanoil's 2011 seismic program in Block 3B covered approximately 398 line-km and was completed on budget and schedule. The program was designed to cover several leads previously identified on the re-processed 1975 Chevron and the 2010 Vanoil seismic data in Block 3B. The 2011 seismic data is high quality with location, time and amplitude content having been jointly assessed and controlled by the contractors; Bureau Geophysical Prospecting (BGP) and RPS. This premium data has been gathered to further image some specific structural leads and as a reconnaissance programme to identify more new leads in Block 3B. In addition, the 2011 seismic program was also designed to enable Vanoil to improve on the geologic model in the Lamu Basin, one of the three basins identified on the Vanoil Blocks.
The 2011 2D seismic program in Block 3B consisted of 398 kilometres of additional seismic bringing the cumulative total to 845 kilometres of 2D seismic coverage completed by Vanoil to date on Blocks 3A and 3B in 2010/2011.
The 2011 Vanoil 2D seismic programme data will now be sent to Statcom in Calgary Alberta for processing, following which, the data will be interpreted and integrated with the reprocessed and interpreted 1975 Chevron and 2010 Vanoil data. With the newly acquired data, the Company expects to add significantly to the resource assessment incorporated in the previously announced Sproule 51 101 report. (See Press Release dated: August 09, 2011.)