will we return to the good old days, page-73

nearly two months old and still no results

http://www.afren.com/news_and_media/press_releases/3/2014/



Seychelles
Areas A & B
Working interest 75%
Operator Afren EAX*
Work programme Seismic acquisition and interpretation
*EAX is a wholly owned subsidiary of Afren plc.

Overview
Areas A and B are in the Seychelles micro-continent, in shallow to deep water in the northern half of the Seychelles plateau and
cover a combined area of approximately 14,319 km2
.
The main exploration targets are the Permo-Triassic Karoo interval, which comprises non-marine sands inter-bedded with shales
and a Cretaceous marine rift basin underlain by Jurassic platform source rocks. The Karoo formation contains both the source rock
and the reservoir. Between 1980 and 1981, three exploration wells were drilled, all of which encountered oil shows and confirmed
the presence of a working hydrocarbon system.
Seismic data previously acquired by the Partners revealed the presence of several large-scale structures in the two licence areas
that are located in shallow to deep water in the northern half of the Seychelles plateau. A major new 2D survey in Q4 2011 (3,733
km) focused on these areas to better define their true prospectivity.
In 2013, Afren completed a major 3D seismic programme, the first 3D survey to be conducted in the Seychelles, of two surveys in
Afren’s licence areas. The first 3D survey was in the southern portion of the licence over the Bonit prospect and covered 600 km2
.
The second survey was in the northern section of the licence area and covered an area of 2,775 km2
. Interpretation of this new 3D
seismic is underway. Early results have confirmed pre-3D prospectivity in the southern deep water portion of Area A1.

2014 outlook
Results from the northern deep water 3D are expected imminently and will be evaluated in conjunction with the southern deep
water 3D ahead of planned exploration drilling.
Gross un-risked prospective resources for the two areas are estimated at 2,994 mmboe.