chins up, page-32

Shell has been here before!

Why would they re-visit?

Not to waste their time and money, that's for sure.

Note references to:

"old Shell seismic data over this area",
"GIANT hydrocarbon potential" and
"EXCEEDING 1 billion barrels recoverable".

(My highlighting for ease of reference).

Bring it on!


First Australian Resources Begins Acquiring Seismic Offshore Senegal

(Extracts from AfricanOilJournal.com article)

First Australian Resources 02-17-2007


First Australian Resources Limited (FAR) said that the MV Symphony seismic vessel has begun acquiring seismic in the Rufisque, Sangomar, and Sangomar Deep blocks offshore Senegal. The survey will be the largest 3D survey conducted offshore Senegal as part of an exploration program that FAR and operator Hunt Oil Co. are conducting.

The increased survey area comprising a total of 2,050 km2 will now include prospect C1, in the southwest corner of the Sangomar Offshore block. Integrating C-1 into the overall 3D grid offers significant advantages compared to reprocessing "old Shell seismic data over this prospect".

Senegal Exploration Opportunity

A deep water play with "giant" hydrocarbon potential exists in the Senegalese portion of the productive Mauritania-Senegal-Guinea Bissau Basin. Large closures have been identified at the Aptian carbonate and Cenomanian sandstone levels, along with numerous Senonian stratigraphic leads with significant upside potential "EXCEEDING 1 billion barrels recoverable" within the license.

The Sangomar-Rufisque offshore license covers an area of 14,981 sq km over the shelf, slope, and basin floor.
The contract terms are among the best in the world and were recently improved as a result of the government reducing the tax rate to 25%.


If it all goes pear-shaped though, I will be back in me box!

LOL