Wonder when we will see the results & interpretation of these?
Remember from the announcement on 22/12/2006...
--------------------------------------------------
Australian based oil & gas exploration and development company, Baraka Petroleum
Limited (ASX: BKP) confirms that the airborne gravity survey of the five blocks within
the Taoudeni Basin region of Mali commenced on 4 December 2006.
The gravity survey is the second stage of a planned ongoing works program of the five
Taoudeni Basin blocks, numbered 1,2,3,4 and 9, covering 193,200 km2 extending east
from the border of Mauritania (see figure 1). The survey is flying from the northern
Malian town of Timbuktu and will consist of approximately 24,800 line km’s.
In November 2006, Baraka farmed out a 50% interest and operatorship of these blocks
to Eni S.P.A. (ENI) and a 25% interest to Sonatrach International Petroleum Exploration
and Production B.V.I. (SIPEX). The transfer of interest is currently awaiting approval
from the Malian authorities and Baraka has retained operational management of the
gravity survey.
Baraka completed a magnetic and radiometric acquisition involving 235,254 line
kilometers over these blocks in November 2006, with results due by end of first quarter
2007.
The airborne gravity survey, expected to be completed in approximately 42 days will,
together with the results of the magnetic and radiometric survey, enable the Company
and its Joint Venture Partners to better define the basin structure/s within these blocks
and provide more definite targets for future oil and gas exploration. Interpretation should
be completed early in the second quarter of 2007.
--------------------------------------------------
And on 23/03/2007 we had...
--------------------------------------------------
Baraka Petroleum Limited (ASX: BKP) is pleased to announce that the Company has
received formal approval from the Authority for the Promotion of Oil Research in Mali (AUREP)
for the transfer of Operatorship to Italian oil and gas company, ENI S.p.A (Eni) for its five blocks
(1, 2, 3, 4 and 9) in Mali, West Africa.
--------------------------------------------------
Will the results of this be a good enough reason to enter into a voluntary agreement with the
Company to restrict on market trading on released shares for a further period of six months?
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