"2D seismic data acquisition program for PEL 93 over the Owambo Basin, Namibia, has been completed on time and within budget"
"program acquired 203 line kilometres of 2D seismic data utilising Polaris vibroseis"
"expected to deliver an excellent image for the accurate interpretation of the subsurface geological structures of the Damara play"
"processing of the data is ongoing and interpretation of the new lines is currently expected in Q4 2024"
"determination of the size and quality of a number of the Damara fold structures that are expected to be present in PEL 93 is the key purpose"
"work will form the basis for an independent certified prospective resource assessment"
"will allow for more accurate drilling location identification and enable planning for potential future drilling events"
"near neighbour, Reconnaissance Energy Africa (RECO.V RECAF 0XD.F), has now spudded its first well, Naingopo-1, on PEL 73"
"modelled by 88 Energy to be a continuation of the interpreted opportunity at PEL 93"
"BW Energy (BWE.OL 6BW.F) farmed into Recon Africa's Namibian acreage"
"acquired a 20% working interest in PEL 73 with a $16 million equity investment"
"BW to participate in two Damara Fold Belt exploration wells and a 3D seismic program with an option to participate in two Rift Basin exploration wells"
https://oilman.beehiiv.com/p/oilman-jims-letter-july-28-2024
Worth reading
What Performance, page-136
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